Economics
The decision follows a positive economic assessment since the program's launch in December 2022
The first half of 2024 saw a surge in trading activity, higher trade values, and an influx of new investor
Brent oil futures expiring in September fell 0.2 percent to $79.63 per barrel
The CEPA also seeks to establish new investment and cooperation pathways, allowing private sectors to build partnerships
This investment signals the UAE's commitment to accelerating the growth and adoption of digital technologies across its economy
In 2023, the two nations had $1.3 billion in non-oil trade, a 30 percent increase from 2022 and 83 percent more than in 2019
The report noted strong performance in the fuel and tourism sectors
Brent oil futures expiring in September were stable at $82.38 per barrel
The country’s growth is projected at 4 percent for FY 2024/2025
The surge is equivalent to an additional KWD13 million compared to the previous week's trading value of KWD79 millionÂ
Through renewable energy, green hydrogen, and engineering initiatives
