Onjo Simson

  The UAE economy is expected to grow by 6.7% by 2025, up from 3.8% in the current year as a result of the country's strategic drive for economic diversification and strong trade ties with neighboring states. These significant progresses have been due to prudent political allocation and favorable geostrategic developments following Covid-19 pandemic. The UAE government has been unwavering in implementing a long-term vision that aligns with the UN 2030 Agenda with a focus on sustainability, knowledge and innovation. Unleashing market forces, assisting foreign trade coupled with infrastructure building and establishment of systems that would enable private sector involvement has been part and parcel of this policy. The development of changes that foster an economy driven by new ideas, along with more use of digital tools, has helped UAE to diversify its economy significantly, primarily in areas that are not related to oil. BMI's Chief Global Economist, John Ashbourne, is very hop...

  Egyptian President Abdel Fattah Al-Sisi and Emirati President Mohammed Bin Zayed recently convened in Cairo for a pivotal one-day meeting on March 23rd. The discussions primarily centered on enhancing the enduring collaboration between the two nations across various sectors, including economic, investment, developmental, and political domains. Both leaders reaffirmed their commitment to bolstering regional stability and fostering mutual prosperity. Focused Efforts on Gaza Ceasefire and Humanitarian Aid A significant portion of the meeting was dedicated to addressing regional concerns, particularly the urgent need to broker a ceasefire in the Gaza Strip. Al-Sisi and Bin Zayed emphasized the importance of delivering substantial humanitarian aid to Palestinians affected by Israeli airstrikes. Their shared commitment to a two-state solution underscored the imperative of fostering justice, security, and stability in the region. UAE's Vital Role in Egypt's Economic Recovery The UAE...