On 2nd December, 2020, the UAE will celebrate its 49th National Day. Despite the global challenges posed by the COVID-19 pandemic in 2020, the UAE made this year many achievements and breakthroughs.
The country’s successes in key strategic sectors such as space and energy were remarkable. The launch of the Hope Probe to Mars and the announcement of the first Arab project to explore the Moon grabbed global attention.
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The UAE officially joined the nuclear energy club with the successful operation of the Barakah Nuclear Energy Plant's first nuclear reactor that generates environmental-friendly electricity. The discovery of new natural gas and oil fields was also a major development in energy sector.
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The UAE contributed to the global fight against COVID-19 by extending its humanitarian presence across the globe to provide urgent medical aid to around 120 countries. Its local work in addressing the pandemic is one of the most successful in the world, proven by low national infection rates and the number of tests performed surpassing the country’s total population.
The UAE is continuing to promote tolerance and establish stability and coexistence in the region, and its related efforts were crowned by the signing of a historic peace accord between the UAE and Israel, while continuing to call for tolerance and denouncing extremism across the world.
In 2020, the year of preparations for the next fifty years, the UAE has secured its place among the top ten countries, in terms of global competitiveness, and witnessed the issuance of new laws and legislation, reinforcing women’s achievements and consolidating the economic and social stability of Emirati citizens and residents.
The UAE also adopted the Federal Budget 2020 to the tune of AED58.113 billion, while the country’s banking system’s assets amounted to AED3.252 trillion in the third quarter of 2020, marking a 5.4 percent increase, compared to the same period in 2019.