The UAE provided AED 10.5 billion in grants in the first half of this year.
That's according to the Ministry of Finance, which says the figure represents an increase of close to 56 per cent compared to the same period in 2018.
These grants include current or capital transfers from the federal government to government authorities, international organisations and foreign governments.
The total value of registered grants provided by the UAE in 2018 amounted to AED 13.3 billion.
Oil sinks 11% as Trump predicts Middle East de-escalation
Oil prices plummeted by more than $10 a barrel on Tuesday after soaring to an almost four-year high in the previous session after U.S. President Donald Trump predicted the war in the Middle East could end soon, lowering expectations of prolonged disruptions to oil supply.
DP World appoints Ahmad Yousef Al-Hassan as CEO and MD for GCC
DP World has appointed Ahmad Yousef Al-Hassan as Chief Executive Officer and Managing Director for the GCC.
Oil prices surge to highest since 2022 at over $119 a barrel
Oil prices surged over $119 a barrel, hitting levels not seen since mid-2022, on Monday as some major producers cut supplies and fears of prolonged shipping disruptions gripped the market due to the expanding US-Israeli war with Iran.
HSBC CEO says confidence in GCC remains despite regional developments
HSBC on Monday expressed confidence in the Gulf Cooperation Council (GCC) members' economic prospects as the region and the wider Middle East brace for the economic shock from the U.S.-Israeli conflict with Iran.
Silal, National Agricultural Centre partner to boost UAE food security
Silal, an Abu Dhabi agri-food and technology company, has announced the expansion of its operations in Ras Al Khaimah in collaboration with the National Agricultural Centre.
The UAE air defence systems intercepted 8 ballistic missiles and 26 drones on Tuesday, according to figures released by the Ministry of Defence.
The military funeral ceremony for the UAE's martyrs - Captain Saeed Al Balooshi and First Lieutenant Ali Al Taniji - took place on Tuesday.
His Highness Sheikh Mohamed bin Zayed Al Nahyan, UAE President, spoke on Tuesday with Germany President Frank-Walter Steinmeier about regional developments in light of the escalating military actions and their serious repercussions on regional and international security and stability.
