Onjo Simson

  The United Arab Emirates (UAE) economy has showcased remarkable resilience and growth in the first nine months of 2023, with a notable 3.3% increase in GDP, as reported by the Federal Competitiveness and Statistics Centre. This expansion, fueled by robust performance across various sectors, underscores the nation's steadfast commitment to economic diversification and development. Particularly noteworthy is the surge in non-oil GDP by 5.9%, which now constitutes a significant 74% of the overall GDP contribution. This surge reflects the UAE's strategic vision to pivot away from reliance on hydrocarbons, positioning itself as a global hub for investment and innovation. Sectors such as financial services, construction, and transport and storage have emerged as key drivers of growth, showcasing strong performance during this period. The impressive growth in non-oil sectors underscores the success of the UAE's economic diversification efforts, attracting foreign investment and

  The signing of a comprehensive economic cooperation agreement between Colombia and the United Arab Emirates is an important step toward strengthening trade links internationally. Heralding the historic agreement, President Sheikh Mohammed bin Zayed emphasized how it may bring forth a new age of collaboration and reciprocal economic progress. The news, which follows closely on the heels of a comparable deal between the UAE and Costa Rica, demonstrates the Emirates' dedication to leveraging strategic relationships to increase its worldwide economic influence. The agreement, as detailed by UAE's state news agency, holds promises of substantial benefits for both nations. By slashing tariffs, removing trade barriers, and fostering investments across key sectors such as energy, tourism, and infrastructure, the pact aims to amplify bilateral trade flows. This bold step underscores a shared commitment to harnessing economic synergies and tapping into new opportunities for prosperity