The UAE ranked first among Arab countries and fifth globally for the quality of its roads, according to the Travel and Tourism Development Index 2024 issued by the World Economic Forum.
The report also stated that the country topped the list of Arab countries and was ninth globally in the efficiency of its port services, and 10th globally and second among Arab countries in the efficiency of its public transport.
Suhail Mohamed Al Mazrouei, Minister of Energy and Infrastructure, stressed that the results are a testament to the viability of the UAE’s long-term strategic plans, which present ample opportunities for growth.
He said the UAE is "committed to developing vibrant sectors and positioning the UAE as a leading destination for business and leisure. Ranking high on global indicators directly contributes to enhancing the confidence of international investors on the lookout for a reliable business environment.”
Hanan Mansour Ahli, Director of the Federal Competitiveness and Statistics Centre, stated, “The UAE has become a benchmark for quality of roads, public transport services, and port services. This will help attract foreign investments and enhance the GDP.”
The US trade deficit narrowed sharply in April, with imports decreasing by the most on record as the front-running of goods ahead of tariffs ebbed, which could provide a lift to economic growth this quarter.
The UAE and Kuwait have signed a comprehensive set of agreements aimed at deepening bilateral cooperation across sectors including AI, health, energy, education, defence and diplomacy.
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Chancellor of Germany, Friedrich Merz, have explored ways to enhance economic and development cooperation during a phone call.
The Kuwait Investment Authority (KIA) has joined forces with MGX, BlackRock and Global Infrastructure Partners (GIP) to accelerate investment in next-generation AI infrastructure.
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has approved a housing benefits package worth AED4.62 billion for 3,052 citizens in the emirate.
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has reaffirmed the nation’s dedication to "protecting the environment and advancing sustainable development" on World Environment Day.