His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has emphasised the UAE's commitment to strengthening economic ties with African nations.
He made the remarks during a meeting with delegates attending the UAE-Africa Tourism Investment Summit.
His Highness praised the growing role of the African continent in shaping the future of the global economy, and the abundant opportunities and potential it presented.
Sheikh Mohammed highlighted that cooperation in tourism investment represents a vital model for economic integration, stating that “tourism is a vital contributor to our national economy and a sector that offers tremendous opportunities for continued growth and new partnerships. The UAE-Africa partnership holds immense promise and has always been characterised by a shared belief in discovering new avenues for cooperation to shape a better tomorrow".
The summit included participation from more than 350 leaders, senior government officials, ministers, decision-makers, as well as investors and entrepreneurs from the UAE and 53 African countries.
The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 4.15 per cent to 3.90 per cent, effective from Thursday, October 30.
Syrian President Ahmed Al-Sharaa announced that the country has attracted approximately $28 billion in investments during the first six months of this year, highlighting significant participation from companies based in the UAE, Saudi Arabia, and Qatar.
Microsoft and OpenAI reached a deal to allow the ChatGPT maker to restructure itself into a public benefit corporation, valuing OpenAI at $500 billion and giving it more freedom in its business operations.
Apple topped $4 trillion in market value for the first time on Tuesday, the third Big Tech company to hit the milestone, as robust demand for its latest iPhone models allayed fears over its slow progress in the AI race.
Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities!
Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.
Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities!
Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.