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Emirates News Agency – Statistics – Abu Dhabi: Abu Dhabi Emirate’s real “non-oil” GDP growth to be 4.1% in 2021



Emirates News Agency - Statistics - Abu Dhabi: Abu Dhabi Emirate's real "non-oil" GDP growth to be 4.1% in 2021

– Statistics – Abu Dhabi: The real “non-oil” GDP growth of the Emirate of Abu Dhabi will be 4.1% in 2021.

The economy of the Emirate of Abu Dhabi is expected to recover from the effects of the Corona epidemic by 2021, with the major contribution of the non-oil sector.

– Non-oil sector at steady prices will achieve 4.1% positive growth in 2021 – Non-oil sector growth will be 19.7 billion dirhams compared to 2020 and real GDP value of about one trillion dirhams by 2021.

– The increase in the contribution of the non-oil sector to the real GDP reached 49.7%, which reflects the efforts made at the level of sustainable growth.

The recovery of the most important economic activities affected by the outbreak of the corona epidemic, led by: manufacturing industries, 21.7%, health and social service activities 19.7%, trade activities 15.3%, and shelter and food service activities, 14.7% at fixed prices by 2021.

– Muhammad Ali Al-Shurafa: Due to the quick adoption of the wise economic policies of the intelligent leadership in the Emirate, the Emirate was able to cope with the effects of the exceptional global environment, including packages that boost productivity and domestic and improvement. External demand.

Rashid Abdul Karim Al Balushi: With the expectation that the growth rate of the non-oil economy will rise in the current year, there are many indicators that reflect the good performance of the emirate’s economy.

– Ahmed Mahmood Fikri: The strong growth of economic activity reflects the rapid recovery of Abu Dhabi’s economy from the effects of the Kovit-19 epidemic, thanks to the large and direct impact of the initiatives of rational leadership.

Abu Dhabi, April The performance of economic policies and the strength of the local economy of the Emirate of Abu Dhabi and the recovery from the effects of the Govt-19 crisis.

GDP at a fixed price.

Abu Dhabi Emirate’s GDP growth is projected to reach a positive growth rate of 1.9% in 2021 compared to 2020, while non-oil GDP at a fixed price of 4.1% is expected to reach a positive growth rate. In the same year .. Many non-oil economic activities and sectors were able to achieve positive growth rates at constant prices at different rates last year, the most important of which was agriculture, forestry and fisheries activity, which reached a growth rate of 23.1%. Manufacturing industries activity with a growth rate of 21.7%, and health and social service activities 19.7%, arts, entertainment and recreation activities 17.3%, wholesale and retail activities 15.3%, accommodation and food service activities 14.7%, transport and storage activity 7%, and Electricity, gas, water and waste management activities 6.9%.

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In this context, His Excellency Mohammed Ali Al Shurafa, Head of the Department of Economic Development in Abu Dhabi, said: “The Emirate has been able to cope with the effects of the exceptional global environment thanks to the prudent economic policies of the Rational leadership in the United Arab Emirates. Taken at the right time, it includes a number of stimulus packages aimed at the business and family sectors, which have made significant contributions to accelerating the pace of growth and pushing the economy to the point of recovery and from there to the stage of expansion. It has been instrumental in consolidating the foundations of a strong competitive economy capable of meeting various challenges, formulating policies and laws in line with global change, and promoting a conducive and attractive environment and facilitating business. For investment, talent and innovative entrepreneurs, this is clearly reflected in the GDP results for 2021 – Statistics Center – Abu Dhabi.

For his part, His Excellency Rashid Abdul Kareem Al Balushi, Undersecretary for Abu Dhabi’s Department of Economic Development, praised the results of Abu Dhabi’s economic performance in 2021: it is in the interest of intelligent leadership to closely adapt to emerging conditions. , And the continued adoption of all that protects the economic sectors, and safe and sustainable transport to the post-Govt-19 phase, the direct impact on achieving positive results and the rapid and record rates of recovery and economic growth.

He stressed that any reading of the realities and opportunities of the Abu Dhabi Emirate’s economy confirms that this economy, which has made great strides in growth and diversity in a short period of time, is moving from strength to strength. In the presence of prudent management, there will be optimal opportunities to benefit from past experiences in its quest for exploitation. Abu Dhabi Despite the importance of oil to the emirate’s economy, the emirate pursues an ambitious strategy to diversify its economic base and sources of income, thus contributing to the sustainable growth of the emirate.

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For his part, His Excellency Ahmed Mahmoud Fikri, Director General of the Abu Dhabi Center for Statistics, said: “This strong growth in key economic activities confirms Abu Dhabi’s leadership in dealing with the Kovit-19 epidemic and the speed of recovery from its effects. Epidemiology, and the planning of wise leadership, show better performance and clarity of vision and guidance on the impact on the pace of economic recovery.

Contribution of oil and non-oil sectors to GDP.

Statistics Center – According to data released by Abu Dhabi, the contribution of the extraction industries, including crude oil and natural gas, was approximately 50.3% of Abu Dhabi Emirate’s GDP by 2021, while the contribution of non-oil activities to Abu Dhabi Emirate’s GDP by 2021.7% in 2021 , Although oil prices in global markets have risen significantly over the same period, the Emirate of Abu Dhabi clearly confirms this. Reached advanced stage in the search for diversification of economic base and sources of income in line with ambitious strategic plans.

Impact of the Govt-19 epidemic on the local economy by 2020.

Abu Dhabi Emirate’s economy, like other regional and global economies, has been affected by the effects of the Govt-19 epidemic and its associated closures in 2020, in addition to a significant decline in oil prices in global markets. Abu Dhabi Emirate’s GDP fell 7.7% at a fixed price that year, while gross oil production fell 3.9% and non – oil production fell 11.5%. These percentages are moderate compared to other economies and the harsh conditions the world has experienced under epidemics.

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It is noteworthy that Abu Dhabi Emirate’s GDP Statistics Center – is one of the most important indicators published by Abu Dhabi because they have an important input in the planning process for sustainable development. Economy of the Emirate of Abu Dhabi.

Incentive packages to reduce the impact of the corona epidemic on the Abu Dhabi economy.

The Abu Dhabi government responded quickly to the economic challenges posed by the global epidemic, launching an economic stimulus package in Abu Dhabi in March 2020, which included 16 different initiatives within the “Tomorrow 21” program. Reducing the impact of the Govt-19 epidemic on the economy, whether in the United States, at the level of individuals or organizations, is a continuation of financial growth, safeguarding economic gains, reducing the cost of living and providing financial assistance in the current context.

Abu Dhabi’s economic stimulus package includes registration fees for commercial vehicles until the end of 2020, cancellation of transportation gate gate fees, real estate registration and document fees and suspension or reduction of auction bonds, and reduction of industrial land rental fees by 25. % And abandon all commercial and industrial violations.

The package provided benefits to citizens, small, medium and growing companies, allocating 5 billion dirhams to support electricity and water, especially to the business and industrial sectors, and 3 billion dirhams for loan guarantees to encourage financing for small and medium enterprises. It also exempts start-ups from the guarantee of good implementation, while setting up a committee to review borrowing options to support local businesses in borrowing programs.

The benefits offered to the tourism sector include the cancellation of all travel and municipal charges for the tourism and entertainment sectors, as well as a cashback of up to 20% on the rental value. As for the money markets, they benefited from the one billion dirhams set aside to establish the “market maker” fund to create a continuous balance between the supply of cash and the supply and demand for shares.


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Mohammed Bin Rashid Library advances knowledge with new collaboration



Mohammed Bin Rashid Library advances knowledge with new collaboration

Member of the Board of Directors of Mohammed Bin Rashid Library Foundation Dr. Mohammed Salem Al Mazrouei affirmed that the library is keen to provide an environment of excellence and promote the knowledge and cultural scene and movement in the UAE. Researchers and students should invest their potential to create a more prosperous future for future generations.

This came on the occasion of the Government of the Library and Mohammed Bin Rashid College signing a memorandum of understanding to promote joint collaboration in the fields of supporting scientific research and disseminating culture and knowledge at the national level. The memorandum is signed by Mohammed Al Murr, Chairman of the Board of Directors of Mohammed Bin Rashid Al Maktoum Library Foundation and Dr. Ali Bin Seba Al Marri, CEO of Mohammed Bin Rashid Government College. The framework of interest of both parties is to improve the cultural and educational environment in the UAE and to provide an environment that encourages… Work on organizing mechanisms to improve intellectual content and promote science, explore, research and develop knowledge. Research among members of the community.

Cultural movement

Al Mazrouei said, “This MoU reflects our joint commitment to develop cultural and scientific infrastructure and promote the knowledge and cultural scene and movement at the national level. It reflects our future and our passion to achieve sustainable goals. Students and researchers to make full use of their potential, ‘we’ An environment that will help develop their educational preferences in a way that supports the vision of UAE 2031 and our plan for the next 50 years contributing to creating a more prosperous future for future generations.” Collaboration between local educational and cultural institutions is a key and important step towards achieving excellence and innovation, culture, education and knowledge. cementing the UAE’s position as a leading global center of economy.”

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New station

On his part, Mohammed Bin Rashid Government College CEO Dr. Ali bin Seba Al Marri said, “The signing of the Memorandum of Understanding is a new step in strengthening the strategic vision of the college. To provide an integrated system of education and training programs, research and studies, which are in line with the highest standards.” and international practices, while at the same time equipping leaders with the best skills and abilities to meet the challenges.Innovating in providing governance structures that enhance leadership in the future and government performance.

He pointed out the college’s constant interest in creating strategic partnerships for excellence in the field of education and knowledge, which stems from providing an academic and academic environment that meets the aspirations and needs of all those affiliated with the various programs in the college. Researchers and academics in general point out that cooperation with this institution has an important place in the arena of knowledge and will contribute to opening doors for more initiatives and activities aimed at establishing a culture of research and knowledge among members of society. The MoU includes developing mechanisms to enhance cooperation between the two sides, exchange knowledge resources, provide support for research projects and organize joint events and activities to meet the aspirations and needs of students and stakeholders from various knowledge communities.

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The MoU stipulates that the Muhammad Bin Rashid Government College, Muhammad Bin Rashid Library will be provided with latest publications, research papers, conference papers and other publications as permitted by the college’s copyright. Displayed in the corridors of the library and made available to those interested.

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Muhammad Al Mazrui:

“Collaboration between local educational and cultural institutions is a vital and important step towards achieving excellence and innovation.”

Ali Al Mari:

“This step opens the door to further efforts aimed at establishing a culture of research and knowledge in society.”

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Emirates News Agency – Ahmed Belhoul Al Falasi delivers a keynote address to the Youth Media Forum in the presence of Latifah Bint Mohammed.



Emirates News Agency – Ahmed Belhoul Al Falasi delivers a keynote address to the Youth Media Forum in the presence of Latifah Bint Mohammed.

Dubai, 25th September / WAM / Chairman of Dubai Culture and Arts Authority, Member of Dubai Council, His Excellency Dr. Ahmad Belhoul Al Falasi, in the presence of Sheikha Latifah bint Mohammed bin Rashid Al Maktoum, Minister of Education, emphasized the importance of having a platform to exchange experiences and knowledge and improve the presence of talented youth. .In the media sector, it contributes to the qualification of young male and female media professionals and prepares them to absorb the developments and challenges in the sector. Preserving the traditions and ethics of media work, ensuring its authenticity and sustainability of its impact.

This happened during His Excellency’s speech at the Youth Media Forum, which was established under the guidance of His Highness Sheikh Ahmad Bin Mohammed Bin Rashid Al Maktoum, Second Deputy Ruler of Dubai and Chairman of the Dubai Media Council. The main session of the first session of the forum organized by Dubai Press Club, is exclusively dedicated to male and female students. Media.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, announced through his “X” platform (formerly Twitter) in search of a famous young man, “May God protect him”. Or the woman representing youth issues in the government of the United Arab Emirates, learned very valuable lessons, caring for the youth, empowering them and listening to their voices and issues is a priority for every country that aspires to uniqueness and excellence, because the future is one that is capable of facing the challenges of time with a proactive attitude and passion for work and achievement. Nations are created by its conscious youth, which indicates that His Highness chose to announce one of the most popular social media platforms. The need to imbibe modern technologies and tools and use them to reach the target audience efficiently and effectively.

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He added: “We in the UAE have learned from our intellectual leadership the importance of understanding the needs of the future and preparing to meet its challenges if we want to achieve global leadership, and those who want to be at the forefront should not hesitate. Invest in the youth because they are the creators of the future.”

Honorable Dr. Ahmad Belhoul Al Falasi praised the Youth Media Forum and the key topics it presents, revolving around the role of youth in creating tomorrow’s media, stressing that the value of media work is to bridge generations by combining expertise and experiences. Pioneering the energy of young media professionals, strengthening the connection between the values ​​and ethics of media work and tools, paving the way for a new generation of Arab media professionals armed with modern technology, knowledge, skills and confidence. Skillfully leading the media scene in our Arab world for years and decades.

He emphasized that it is imperative that the media evolves in line with the changes towards the future, its staff and leaders develop, and create and sustain content that is competitive in terms of value, quality and impact. The pace of development in the UAE and its aspiration for further progress and prosperity in the next phase point to the importance of media-savvy students with values ​​of integrity and authenticity to ensure the influence of Arab media in the future. and to adapt to the rapid changes occurring in the field of media work, to develop the ability to face challenges armed with competence and creative thinking, and to commit to the principles and ethics of the profession in order to carry out their duties effectively and efficiently.

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– The voice of truth.

On the opportunities and challenges facing the media sector, especially in the light of the rapid technological development across the world, the Hon’ble Minister of Education said that today’s media landscape is diverse and has a mix of traditional and mixed media. Digital, in which message and concept are intertwined, and exposes the recipient to a vast stream of usable.

He pointed out that modern technologies play a fundamental role in shaping the future of media, especially artificial intelligence and other technologies that will change the shape of media as we know it, offering opportunities to disseminate information, opinion and analysis in new ways. . At the same time, it creates many challenges, symptoms of which we see today in the spread of fake news and the use of techniques such as deep fakes.

– Accept responsibility.

The Hon’ble Education Minister expressed confidence in the ability of the young media students to carry out the responsibility entrusted to them with all skill and integrity. Knowledge and a negative media that doesn’t care about the truth is like the difference in building society.” It is progressive and believes in the values ​​of tolerance and coexistence and strives to achieve sustainable growth and development for all its groups. And in backward societies ignorance and falsehood are prevalent among their members.

Ahmed al-Boutli/Mohammed Jaballah

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Forex Trading and Global Economics: The Impact of Economic Factors



The forex market is a global marketplace, with traders completing trillions of trades daily. It is also a liquid and volatile market that is highly sensitive to economic factors on a local and global scale. These factors affect market and investor sentiment, current values, and trade decisions, ultimately driving prices up or down.

The Relationship Between Forex Trading and Economic Factors

Forex trading entails speculating on a currency’s price to profit from its sale. The forex market is influenced by several economic factors that determine currency values and the prices traders deem fair at a particular time. If you are interested in forex trading, you should understand that there are numerous indicators, and it is impossible to follow them all. Some are also more important and have a bigger impact than others.

The Gross Domestic Product (GDP)

GDP shows the value of all services and finished products produced within a country in a specified period. It is one of the best measures of the health of an economy. GDP does not move the market much because almost everything in it is known months in advance.

However, it can move the market in two ways. One, the GDP numbers might differ from expectations, leading investors and traders to revise their positions and thinking. As this happens, market activity, trade volumes, and volatility increase, opening up opportunities for keen investors.

Second, GDP can help investors know if a country is in recession, technically defined as a GDP contraction in two consecutive quarters. It, therefore, becomes a crucial macroeconomic factor that helps interested parties better understand a market and the forex opportunities therein.

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The Unemployment Rate

This is the percentage of a country’s working-age population looking for work. Unemployment damages consumer sentiment and spending and can significantly affect a country’s economic health.

Unemployment data released by the government gives traders an insight into a metric that the government follows keenly. Any deviation from established trends or projections can impact the forex market.

For example, a higher-than-expected unemployment rate, which indicates a weakening of the labor market, can mean a bearish run of a currency. Any currency pairs that include it could benefit traders if they position themselves well.

The Direction of International Trade

A balance of trade tells investors and traders the demand for a country’s products. Countries with products in high demand will see currency value appreciations. The reason is that buyers must convert their currency to the country’s currency, increasing demand for the latter. This puts pressure on it, and its price appreciates.

The reverse is true for countries that are net importers of international products.


Although a significant indicator, it might have unintended consequences on currency prices. Many traders assume that high inflation rates cause the value of a currency to fall. The reverse can happen if a central bank raises its rates to slow inflation down.

Currency values hinge on the health of their underlying economies whose health is determined and understood by looking at the most important macroeconomic indicators. Traders should keep an eye on them to understand how the global economies are doing so they can make better investment decisions.

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