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Mohammed bin Rashid: UAE’s non-oil foreign trade rises to more than AED one trillion in the first half of 2022

UAE- Abu Dhabi – 22 August 2022- His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai affirmed that the UAE’s non-oil trade achieved a breakthrough during the first half of 2022, as it exceeded AED one trillion, recording a growth rate of 17% over the last half of the year 2021.

His Highness said: “For the first time, the UAE Non-oil foreign trade exceeds AED one trillion in just half a year.. We reached one trillion and 53 billion dirhams, recording an increase of 17% over the previous half year.

 

 Our economic growth is progressive, our trade environment and infrastructure are the best and our economic approach is stable, fair and open to everyone… The growth of our economy will continue its strong pace in the coming year.”

 

The UAE’s non-oil foreign trade recorded a new achievement in the first half of this year, amounting to one trillion and 53 billion dirhams, for the first time in its history. This number reflects a growth rate of 17% compared to the first half of 2021, and an increase of 25% and 35% compared to the same period in the years of 2020 and 2019 respectively.

These numbers reaffirm the success of the UAE’s strategic directions and visions in accelerating a full recovery after the overcome of the negative repercussions of the spread of the Covid-19 pandemic on international trade.

H.E. Abdulla Bin Touq Al Marri, the UAE Minister of Economy, said that UAE is working nonstop to enhance its regional and global leadership and its position at the heart of the global trade networks by adopting commercial and economic openness and strengthening its infrastructure and legislative framework.

Bin Touq added that this outcome marks the beginning of an unprecedented phase of economic development in the history of the country, and it is the result of the integrated efforts and initiatives announced by the UAE government as part of the “Projects of the 50.”

 

 

 

 

H.E. Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said: “The unprecedented performance demonstrated by the non-oil foreign trade can be attributed to the forward-looking vision of the wise leadership, which aims to expand the UAE’s trade with the world and position it as a major contributor to the doubling of the national economy by 2030.”

H.E. also explained that this achievement came as a result of the forward-looking plans and various initiatives undertaken by the UAE to develop and diversify its exports had a significant impact in achieving this record growth in trade performance in just six months.

During the first half of 2022, the UAE’s non-oil exports, achieved about AED 180 billion for the first time in its history. Recording a growth rate of 8% compared to the same period in 2021, an increase of 53% compared to the first half of 2020, 50 % compared to the same period in 2019, and a growth rate of 69% with the same period of 2018. It nearly doubled compared to what it had recorded during the same period in 2017.

In terms of re-export, the UAE recorded unprecedented achievement during the first half of 2022. It approached the barrier of AED 300 billion for the first time in its history. The results showed a high growth rates compared to previous years, as they increased by 20%, 51%, 16% and 23% compared to same periods in 2021 2020, 2019, and 2018, respectively.

Also, the UAE’s imports increased by approaching the barrier of AED 580 billion during the first half of 2022, for the first time in its history as well. It recorded a growth of 19% compared to the same period in 2021, 49% compared to the same period of 2020, 24% compared to the first half of 2019, and 25% compared to the same period in 2018.

On the other hand, the contribution of imports from the UAE’s non-oil trade, has decreased to 55%, while the share of non-oil exports became 17%. In addition, the share of re-exports reached 28%.

These results reveal that national exports have achieved great growth and remarkable activity, which increased its contribution to the country’s non-oil trade.

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Emirates

Partners of World Government Summit affirm its important role as unique platform for building better future for humanity

DUBAI, 5th February, 2023 (WAM) – The partners of the World Government Summit (WGS) 2023, affirmed that the summit has become a unique platform for building a better future for humanity.

They stressed its importance in bringing together leaders, officials from governments and international organisations to exchange experiences and share their knowledge on the most important topics and challenges.
This came during their participation in the WGS press conference, held in the Museum of the Future, Dubai, to review the recent updates of the summit which will be held from 13th to 15th February 2023.

The WGS brings together a number of prominent national and international partners who share its visions and goals, and actively contribute to its success. This includes: Telecommunications and Digital Government Regulatory Authority, as the lead partner; Roads and Transport Authority (RTA), as the intelligent mobility partner; Dubai Electricity and Water Authority (DEWA), as the sustainable energy partner; COP 28 and Abu Dhabi Fund for Development (ADFD) as strategic partners; Dubai Municipality, the smart city partner; Abu Dhabi National Oil Company (ADNOC) and Masdar, as key partners; Emirates Group, as the official carrier; Advanced Technology Research Council (ATRC), the research and innovation partner; Emirates Transport, the supporting partner; and Al Tayer Motors, as the exclusive car partner.
Mattar Al Tayer, Director General, Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA), affirmed the global position of the World Government Summit as an international platform for government leaders, politicians and decision-makers to discuss visions and ideas and share best practices to enhance the role of governments in shaping the future.
He said: “Today, the world is witnessing many challenges in different fields, which requires immediate action and unified efforts to innovate solutions that guarantees a better future for societies.”
He stressed that sustainability and urban planning are among the most important solutions to enhance the quality of life for current and future generations.
Saeed Mohammed Al Tayer, MD & CEO of DEWA said that this edition of the WGS has a special significance as it comes during the Year of Sustainability in the UAE, where the UAE will host COP 28.
He added: “This reflects the vision of the wise leadership of the President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to contributing to global efforts to combat climate change as well as the UAE efforts in sustainability.”
He revealed that during the summit, DEWA will share what it offers to COP 28 as well as the various clean and renewable energy projects it implements continuously, as part of the transition towards clean energy to reach net-zero by 2050.
Dawood Abdul Rahman Al Hajri, Director-General of Dubai Municipality said: “One of the main themes of the World Government Summit 2023 is the sustainability of cities, which highlights the importance of providing resources towards rapid urbanisation. This aligns with the plans of Dubai Municipality in designing smart cities based on a human-centred approach, and environment friendly building through the 3D printing technology.”
He pointed out that Dubai Municipality adopts best practices and work mechanisms in all its initiatives and future projects, and that the World Government Summit represents a great opportunity to learn about the most prominent international experiences and global practices.

Majed Sultan Al Mesmar, Director General of the Telecommunications and Digital Government Regulatory Authority (TDRA) said: “Based on TDRA’s strategic role, we are concerned with shaping the future and employing emerging digital technologies to build a comprehensive and integrated digital life.”
He added: “We are looking forward to participating in the World Government Summit, which provides an opportunity to exchange experiences with the world. The UAE has a leading position in government development, and it has benefitted from the communications and information technology sector to achieve digital transformation and ensure the quality of life in the society.”
Mohamed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development (ADFD), said that the summit continues its prominent role as a global platform for shaping the future of governments and finding innovative solutions to meet development, economic and social challenges.
Al Suwaidi stressed the importance of the summit in strengthening communication and cooperation between the public and private sectors.
He pointed out that the summit is an added value to the ADFD, as it has contributed to strengthening the Fund’s cooperation with global partners from international financing institutions.

Ambassador Majid Al Suwaidi, Director General & Special Representative of COP28 UAE said: “In line with the UAE’s leadership vision to invest in future generations, what we’re seeing at the World Government Summit, and in the UAE’s Year of Sustainability, is that the whole of UAE society is joining together to drive forward the UAE’s mission as hosts of UN Climate Conference COP28 this year. People from all sections of society, from young students to business leaders, and scientists.”

Al Suwaidi added: “With COP28 UAE scheduled to hold the first ever Global Stocktake, this is perhaps the greatest political opportunity of the decade to assess the gaps and come together as one world to accelerate our collective progress in climate action.”
The ninth edition of the World Government Summit will discuss through more than 110 interactive sessions and dialogues, a number of topics and main themes, including the current and future global challenges, improving government performance, and harnessing technology and innovation to meet the challenges facing humanity.

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Emirates

World Government Summit 2023 to kick off on 13 February bringing together 10,000 international government officials, thought leaders, global experts and decision makers

DUBAI, 5th February, 2023 (WAM) — The World Government Summit 2023 will be held in Dubai from 13th to 15th February, under the slogan “Shaping Future Governments”.

The summit witnesses the participation of presidents, governments, ministers, officials, heads of international organisations and companies, thought leaders, global experts and prominent business leaders from the private sector.
Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs and Chairman of the World Government Summit (WGS) Organisation affirmed that the World Government Summit reflects the wise vision of the President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai.
During a press conference held by the World Government Summit Organisation at the Museum of the Future in Dubai, the World Government Summit announced its agenda, main themes and forums.
Mohammad bin Abdullah Al Gergawi said: “In its 2023 edition, the World Government Summit will witness the participation of 20 presidents, including Abdel Fattah El-Sisi, President of the Arab Republic of Egypt; Recep Tayyip Erdoğan, President of the Republic of Türkiye; Macky Sall, President of the Republic of Senegal and Chairperson of the African Union; Mario Abdo Benitez, President of the Republic of Paraguay; and President of the Republic of Azerbaijan Ilham Aliyev.
Al Gergawi pointed that this year’s edition will bring together more than 250 ministers, and more than 10,000 government officials, thought leaders and global experts around the world.
He added that more than 80 international, regional and governmental organisations will enrich the sessions and forums.

The sessions will witness the participation of Professor Klaus Schwab, Founder and Executive Chairman of the World Economic Forum; Kristalina Georgieva the Managing Director of the International Monetary Fund; Ngozi Okonjo-Iweala GCON the Director-General of the World Trade Organisation; Dr Tedros Adhanom Ghebreyesus the Director-General of the World Health Organisation; Ahmed Aboul Gheit , Arab League Secretary-General; Muhammad Sulaiman Al Jasser, Chairman, Islamic Development Bank (IsDB) Group; Jasem Al-Budaiwi the Secretary-General of the Cooperation Council for the Arab States of the Gulf (GCC); the International Finance Corporation (IFC) Managing Director and Executive Vice President.

In addition to a speech delivered by the Secretary-General of the United Nations and a speech from the President of the World Bank.
Also, the International Atomic Energy Agency, and the International Labour Organisation, will be participating.
He added that the summit will host a number of international leaders in the private sector, such as Ray Dalio is Founder, Co-Chairman and Co-Chief Investment Officer of Bridgewater Associates; Alan Schwartz, CEO of Guggenheim Partners; Hiroshi Mikitani the founder and CEO of Rakuten, Inc; and Christian Bruch the President and CEO of Siemens Energy.
Also, the summit will host a group of scientists such as the economist Esther Duflo and the chemist Dr. Roger Kornberg, Nobel Prize winners.
The agenda includes more than 220 sessions, where more than 300 speakers from thought leaders, global experts and decision makers from around the world will share visions and discuss ideas and strategies towards the future.
The Summit signed partnerships with more than 80 strategic, knowledge and media partners, and this year it issued 20 knowledge reports, in cooperation with the most important international research institutions.
The Summit will host a keynote and a dialogue entitled “Ras Al Khaimah… the past, the present and Future”, during which H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah will review the emirate’s vision, its most important experiences within the march of development in various sectors, and the prominent directions toward the future.
H.H. Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, will also deliver a speech in a key session within the World Government Summit.
The World Government Summit has become a platform for creating and implementing innovative, such as the Museum of the Future, which began as an idea at the 2014 edition of the summit.
More than 22 international forums, in addition to a number of first-time forums, such as the Future of Work Forum, the Future of Education Forum, the Experience Exchange Forum, and the Future by Design Global Forum.
The World Government Summit 2023 continues its various dialogues in vital sectors, through the ClimateTech Forum, the Food System Transformation Forum, the Global Health Forum, the SDGs in Action Forum, the Government Services Forum, the Women in Government Forum, the Industry and Advanced Technology Forum and the Future of Government Media Forum.
A number of forums, will be hosted in partnership with regional and international organisations, including the "Time 100" Gala, the Brilliant Minds Dialogue, the Agility in Government Forum, the Arab Public Administration Forum, and the GCC Best Practices Forum, in addition to the second edition of the Arab meeting for young Leaders.
During the summit, high-level ministerial meetings will be held, such as the meeting of Arab finance ministers in the presence of the President of the International Monetary Fund (IMF), and the meeting of Arab youth ministers in the presence of the Secretary-General of the League of Arab States.
80 bilateral agreements and major meeting will be witnessed during this current edition of the summit, aiming to provide an opportunity for decision-makers from around the world to consolidate cooperation and exchange visions on future governments.
6 themes
The World Government Summit 2023 will host a set of interactive dialogue sessions within 6 main themes, including Accelerating Development and Governance, Future of Societies and Healthcare, Exploring the Frontiers, Governing Economic Resilience and Connectivity, Global City Design and Sustainability, and Prioritising Learning and Work.
Forums and dialogue
The current edition of the World Government Summit hosts a number of international forums and dialogues aiming to discuss the most important global trends in various vital sectors that contributes to the development of the government work and future policies and strategies.

The forums are organised in partnership with a number of international organisations, technological institutions, leading companies and social institutions concerned with creating new solutions for the challenges facing the world.
World Government Summit Awards
As part of the current edition of the World Government Summit, 7 global awards will be presented in appreciation of government ministers, representatives of the private sector, innovators and creators for their exceptional contributions to building a better society for humanity.

The Awards include the Edge of Government Award; the Best Minister Award; the World Data Visualisation Prize; the M-Gov Award and Shaping Future Governments: Global Universities Challenge.

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Emirates

Nahyan bin Mubarak to open Global Tolerance and Human Fraternity Summit on Monday

ABU DHABI, 5th February, 2023 (WAM) – The Global Tolerance and Human Fraternity Summit, organised by the Ministry of Tolerance and Coexistence and the Council of Muslim Elders in Abu Dhabi will kick off tomorrow.
The two-day summit will be organised under the patronage and presence of Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, in the presence of several prominent Arab and global figures.
The summit will be part of the Human Fraternity Festival being held during the country's celebrations for the International Day of Human Fraternity.
The summit will discuss issues related to activating the role of the Global Tolerance Alliance so that its ideas can be transformed into initiatives and programmes, which various nations and peoples can benefit from to develop relations based on dialogue, coexistence, acceptance of the other, and belief in diversity.
The event, which representatives of the Vatican and Al-Azhar will attend will focus on four main topics: faith, diversity, peace and the planet.
Afra Al Sabri, General Director of the Ministry of Tolerance, indicated that Sheikh Nahyan would open the summit with a keynote address. A speech by Bishop of Augsburg, Dr. Bertram Meier will follow.
She also added that more than 30 prominent international speakers would address the summit.
Secretary-General of the Muslim Council of Elders, Judge Mohamed Abdelsalam, emphasised that the summit comes at a time when the world is witnessing several challenges related to climate crises, water and food shortages, in addition to wars and conflicts crises, that have resulted in millions of refugees and displaced and homeless people. It points to the importance of uniting efforts to spread the values of tolerance, coexistence and human fraternity.

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