Connect with us

Emirates

UAE foreign trade achieved AED2.233 trillion in 2022 with growth rate of 17%: Mohammed bin Rashid

ABU DHABI, 6th February, 2023 (WAM) — His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, chaired the UAE Cabinet meeting at Qasr Al Watan Abu Dhabi, in the presence of H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance; H.H. Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior; and H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court.

His Highness Sheikh Mohammed bin Rashid said, "Today, I chaired the UAE cabinet meeting in Abu Dhabi. We expressed our sincere condolences and sympathy to Syrian and Turkish people, as well as the families of victims. Based on the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, all disaster relief work teams have been directed to coordinate with the two brotherly countries to provide all kinds of aid.”

His Highness explained, “During the Cabinet meeting, we reviewed the results of the UAE's foreign trade in 2022. Our foreign trade achieved a historical record reaching more than AED2.2 trillion, a growth of 17 precent.”

“Today, we approved the National Framework for Sustainable Development in the UAE. The goal is to preserve ecosystems and ensure the sustainability of our natural resources. We also assigned the Ministry of Climate Change and Environment to coordinate government efforts in preparation for hosting COP28," he added.

His Highness Sheikh Mohammed bin Rashid stated, "We approved the executive decisions to establish the National Space Fund, which aims to support the implementation of ambitious national projects in the field of space, support youth capabilities and competencies, and attract the best space companies to the UAE market.”

“We assigned the competent entities to submit an urgent study to the Cabinet on how to benefit from new AI technologies in government work, examine its future effects on the educational, health, media and other sectors, and how the government will deal positively and safely with these technologies," His Highness further said.

UAE non-oil foreign trade

The non-oil foreign trade of the UAE achieved record growth rates in 2022, reaching AED2 trillion and 233 billion, with a growth rate of 17 percent compared to 2021. The country has exceeded the AED2 trillion barrier for the first time in history. This achievement comes after the country's non-oil foreign trade achieved a growth of 12 percent in 2020, recording AED1,496 trillion, and recorded a jump of 28 percent in 2021 to reach AED1,911 trillion.

The National Framework for Sustainable Development

The UAE Cabinet approved the National Framework for Sustainable Development, which represents a comprehensive framework for all approved national strategies, policies and agendas concerned with organising environmental work in the country, and maintaining a sustainable environment that supports economic growth. The framework includes 5 main pillars: nature, environmental health, climate change, living organisms, and biosecurity.

The National Framework aims to enhance the quality of life in the country, promote diversification and economic prosperity, preserve the UAE's ecosystems, sustain its ecological resources and services, and support the achievement of the 2030 Sustainable Development Goals.

In 2022, the UAE topped the Yale University's 2022 Environmental Performance Index in six environmental indicators globally, becoming the first regionally, in the Arab world and in the Gulf.

COP28

As part of the ongoing preparation for the UAE to host the 28th Conference of the Parties (COP28), the cabinet approved assigning the Ministry of Climate Change and Environment to coordinate with federal and local authorities to prepare the country's readiness plan for the event, and ensure the participation of federal government entities in organising this global event.

UAE Green Agenda 2030

The Cabinet was briefed on developments in the implementation of the UAE Green Agenda 2030, which aims to achieve the goals of sustainable development, and the objectives of the UAE Centennial 2071.

During the coming period 2023-2030, the UAE will implement initiatives and projects to support the goals of green economy, including increasing GDP by 4 percent to 5 percent by 2030, increasing exports by about AED24 to 25 billion by 2030, and reducing emissions from 430 kilowatt-hours in 2013 to less than 100 kilowatt-hours by 2030.

National Space Fund

During the meeting, a resolution regarding the establishment of the National Space Fund was adopted. The Fund which will be managed and supervised by the UAE Space Agency, aims to build national capabilities and competencies, raise the economic contribution to diversifying the national economy, and consolidate the UAE’s position in the space sector.

The Fund is set to develop the infrastructure supporting the space industry, and create an appropriate environment to attract startup companies in space. In addition, the National Space Fund aims at adopting governance systems to achieve leadership in the space sector, attracting specialised global companies, and building partnerships between national and international advanced technology companies.

National policies for Cybersecurity

The Cabinet meeting approved the National Policy for IoT security, the National Programme for Cybersecurity Accreditation, the National Policy for Cloud Security. In addition to a number of related policies aiming at providing solutions for current and future challenges related to cybersecurity.

The meeting also approved the formation of a national committee to combat cyber-attacks.

Advance Government work with AI technologies

The Cabinet approved a policy to raise the efficiency of government work through the use of artificial intelligence technologies. The policy includes standards and guidelines that guarantee safe use of AI, and the scope of its use in government work.

The policy aims at increasing the productivity and efficiency in various sectors, enhancing competitiveness and the quality of government services, and provides more training opportunities for employees.

“Made in UAE”

The Cabinet adopted a decision on updating the “Made in the UAE” unified national mark ecosystem, in order to support national products. The update includes simplifying the procedures for obtaining the mark, allowing industrial facilities in free zones to obtain it, and confirming the facility's commitment to product safety through the application of conformity standards.

Nafis

The Cabinet was briefed on the developments of Emiratisation programmes in the private sector, and issued a decision regarding the amendment of some provisions related to the goals of the “Nafis” initiatives, so that the annual target for Emiratisation is divided throughout the year by 1 percent in the first six months of the year and the other 1 percent in the second half of the year.

The UAE Cabinet meeting approved a decision regarding the issuance of executive regulations for a number of federal laws and legislations, including the federal law regarding protecting witnesses and secret sources; the Federal Law regarding accessing genetic resources and their derivatives; the federal law regarding private health facilities, in accordance with the UAE’s policy regarding foreign investor ownership; the Federal Decree-Law regarding Electronic Transactions and Trust Services.

The Cabinet approved a resolution regarding the structure of Islamic sukuk.

The meeting has approved the establishment of a number of embassies in several countries, including Copenhagen, the Kingdom of Denmark; Prague, Czech Republic; Helsinki, the Republic of Finland; Ulaanbaatar, Mongolia.

The Cabinet approved several international agreements with a number of friendly countries, including the Republic of Lithuania, the Federal Democratic Republic of Ethiopia, the Republic of Poland, the Russian Federation and Israel.

Furthermore, during the meeting, the Cabinet reviewed a number of annual reports for the year 2022.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Emirates

Magnitude 5.5 earthquake strikes Tarapaca Region, Chile

SANTIAGO, 26th March, 2023 (WAM) – A magnitude 5.5 earthquake struck the Tarapaca region in Chile on Saturday, the European Mediterranean Seismological Centre said.

The quake was at a depth of 155 kilometers (96.31 miles) below the earth's surface, according to Reuters.

Continue Reading

Emirates

RTA introduces Comprehensive Digital Experience Lab

DUBAI, 26th March 2023 (WAM) — Dubai’s Roads and Transport Authority (RTA) has introduced the pioneering Comprehensive Digital Experience Lab, a first-of-its-kind initiative among Dubai Government organisations.
The Lab aims to bolster the quality of customer service provided via digital channels and enhance employees' experience with digital systems by engaging relevant personnel in digital service design stages.
The Lab enhances the quality and design of services from customers' perspectives while simultaneously improving and standardising their experiences across various digital channels. It also boosts the customer happiness index, the adoption of digital services and supplies the necessary technologies and skilled personnel to operate the Lab.
Mattar Al Tayer, Director-General, Chairman of the Board of Executive Directors of the RTA, stated during a tour of the facility, “The establishment of the Comprehensive Digital Experiment Lab aligns with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to enhance the well-being of Dubai and its global competitiveness. It also contributes to offering a variety of choices for residents to transform Dubai into the world’s best city for living.
“The Lab also embodies the instructions of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of the Executive Council, to transform Dubai into the world’s smartest city. This involves delivering comprehensive, interconnected, and proactive digital experiences for customers to ensure maximum happiness with the RTA's services. This drive aligns with the Services 360 Policy, which seeks to provide seamless and forward-thinking services across all digital platforms to measure up to customer aspirations,” he explained.
“The RTA is committed to playing a leading role in service digitisation by mapping out a comprehensive roadmap for automating services and tasks. It also strives to enhance artificial intelligence and data sciences, improve the operational efficiency through optimising the use of the existing resources, and expand the scope of digital partnerships and innovation,” Al Tayer added.
Mohammed Yousef Al Mudharreb, CEO of the Corporate Technology Support Services Sector, said, “The Lab has been designed in line with the world’s best practices, utilising international expertise and benchmarks from leading international companies. It features a dedicated test room for customers to evaluate services and engage with various experiments through guided sessions, trialling specific services on apps or alternative digital platforms.”
“By applying a range of tools, software, and devices, operators can gain insight into user behaviour to enhance and refine experiences. For example, CCTV cameras and eye-tracking instruments will record the user’s interactions with the service, which are then represented on heat maps displaying areas of focus and inattention. Accordingly, it enables the analysis of strengths and weaknesses, allowing for targeted improvements to the service based on customer reactions and attitudes,” he continued.
“The Lab also includes an observation room for monitoring the testing process or engaging in focus groups on service delivery. The room has screens that detect the customer's behaviour and interaction with the service on digital platforms,” Al Mudharreb added.
“The Comprehensive Digital Platform is a new concept in designing the User’s Experience. It focuses on engaging external and internal customers (employees) in various service design phases. The Lab has been used in key current projects such as RTA App, smart kiosks, and dashboards that serve the RTA’s decision-makers,” Al Mudharreb said in conclusion.

Continue Reading

Emirates

Sheikh Zayed Housing Programme issues 432 decisions worth AED 299 million

ABU DHABI, 26th March, 2023 (WAM) – The Sheikh Zayed Housing Programme (SZHP), an initiative under the Ministry of Energy and Infrastructure (MoEI), has issued 432 decisions for housing aid valued at AED 298.7 million. This includes applications for house construction, completion, purchase, maintenance, and upgrade. The move is part of the Initiatives of the UAE President and is pursuant to the order of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan to complete all housing grant applications submitted to the Programme, at a total cost of around AED 2.3 billion.
Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, said: “As we welcome the holy month of Ramadan, the month of giving, SZHP continues its endeavors to enhance family stability, ensure decent living, and improve the quality of life of UAE citizens. The UAE’s wise leadership is deeply invested in the government housing sector as it helps build a cohesive society that can contribute to the progress of our nation.”
Eng Mohamed Al Mansouri, Director of SZHP, said: “We have set ambitious plans to meet the growing housing needs of UAE citizens. We work closely with our partners from the federal and local government, the private sector, and the banking sector to achieve these plans. The Programme follows in the steps of the founding father, late Sheikh Zayed bin Sultan Al Nahyan, by contributing to the social wellbeing and prosperity of the people.”

Continue Reading

Trending