OpenAI partners with Le Monde and Prisa Media
Prisa Media chief executive Carlos Nunez called the OpenAI alliance a "step toward the future of news" where technology and...Business
UAE, Turkish presidents discuss bilateral, economic relations in Istanbul
ISTANBUL, TURKEY - UAE President Sheikh Mohamed bin Zayed Al Nahyan arrived here on Saturday for a working visit and...The UAE and Turkish presidents discussed their shared interest in advancing sustainable economic growth and social development.
Both the leaders applauded the recent progress witnessed in UAE- Turkey relations and discussed the benefits of CEPA.
SPC Free Zone to provide licenses within 45 minutes
SHARJAH, UAE - Sharjah Publishing City Free Zone (SPC Free Zone) has announced an expedited business setup process, allowing businesses...SPC Free Zone has also unveiled a limited-time package aimed at reducing business licensing and set-up costs.
It empowers smaller businesses and aspiring entrepreneurs to establish or expand their operations in the emirate.
DEWA’s R&D Center develops technology to simulate leaks in water transmission pipes
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) ’s Research and Development (R&D) Center has developed an advanced, smart...The center developed the facility using software and hardware, based on the concept of the Internet of Things (IoT).
Based on experimental data using the facility, the developed algorithm was able to identify leakage events with 94.4 percent accuracy.
Qatar and Iran to boost cooperation in labor sector
Dubai, UAE-- Qatar and Iran intend to expand cooperation in the fields of labor, employment, and exchange of skill-training experiences.The...The two ministers met on the sidelines of the 111th session of the International Labour Conference in Geneva and discussed deepening ties
Qatari minister while applauding Iran's role during the sanctions said Doha will never forget Tehran's support during the period of crisis
UAE and Cambodia to ramp up bilateral trade to US$1bn in five years
Phnom Penh, Cambodia-- The UAE and Cambodia have agreed to boost economic ties, expanding the bilateral non-oil trade from the...The two sides agreed that the Comprehensive Economic Partnership Agreement signed during the visit was the best means of achieving the economic ambitions
The UAE side explored opportunities to enter into partnerships with business executives from Cambodia's fast developing sectors like apparel and fintech
UAE national banks provide $99.9 bn credit to trade, industry in Q1 2023
Abu Dhabi, UAE - Credit financing provided by the UAE national banks to the trade and industry sectors grew 6.1...The statistics showed that the cumulative balance of credit provided by national banks to the two sectors amounted to $99.9 billion
According to the apex bank’s data, the cumulative balance of credit provided by national banks to the two sectors increased on a monthly basis by 0.1 percent
UAE and Japan look to boost ‘strategic’ relations with focus on energy
Tokyo, Japan-- The UAE and Japan have discussed ways to strengthen the strategic partnership with a sharp focus on the...The UAE's Foreign Minister Sheikh Abdullah bin Zayed met with Japan's Prime Minister Fumio Kishida in Japan and discussed ways to boost strategic partnership
The foreign minister pointed to the "pioneering example of strategic cooperation" that has gone on for more than 50 years between the two nations
 Halal crypto investments: UAE-based Islamic Coin gains over 1.3m users
Dubai, UAE - Founded in 2022, Islamic Coin ($ISLM) has garnered a community of over 1.3M users, a feat accomplished...The coin which aims to cater to over 2 billion Muslims worldwide is the first Shariah-compliant decentralized ledger
Current market trends indicate that the global Islamic finance market will exceed $3.69 trillion by 2024
UAE bank investments touch record high at US$149.35bn in March
Abu Dhabi, UAE--UAE's bank investments climbed to a record level, touching $149.35 billion by the end of March, the highest...According to CBUAE, the investments showed a year-on-year growth of 16 percent as against $129 billion in March 2022
The stock investments hit $3.26 billion in March, a jump of nearly 0.8 percent from around $3.21 billion in December 2022
GCC digital banking targets $2trn with cloud services
GCC authorities, however, acknowledge the accompanying challenges and are developing regulations to enhance digital banking experiences. A key requirement is...The next phase of the digital revolution in the region will see 5G services reaching two-thirds of the population by 2026, enhancing the end-to-end customer experience
By 2025, Saudi Arabia aims to boost fintech GDP contribution to $ 1.2bn and increase the number of fintech players. UAE and Kuwait are also making strides in digital banking.
