Geneva, Switzerland -- The world urgently needs to find a global approach on regulating artificial intelligence, the United Nations' top...
- The 25-page "America's AI Action Plan" outlines three aims: accelerating innovation, building infrastructure, and leading internationally on AI. Overall, the...
Profit is a 41.5 percent jump compared to H1 2022.This remarkable growth in net profit is attributed to outstanding revenue contribution across net interest and other operating income.
The economic outlook for the UAE and business confidence continue to be encouraging, powered by buoyant domestic activity.
Russian President Vladimir Putin said the main objective of the deal that allowed Ukrainian grain exports to resume was not...A memorandum on unhindered Russian food and fertilizer exports had been signed in parallel to the grain deal.
"The main goal of the deal, namely the supply of grain to countries in need, including on the African continent, has not been implemented," Putin said.
Talk merger of shareholdings in Borouge, Borealis.Borouge is listed on the ADX with 54 percent owned by ADNOC.
Borealis is owned 75 percent by OMV with ADNOC holding 25 percent.
ABU DHABI, UAE - The Central Bank of the UAE (CBUAE)’s Financial Stability Report for 2022 said the FTSE ADX...The Abu Dhabi Securities Exchange (ADX) trading value increased by 21.9 percent to AED 451 billion ($122.78bn)
Foreign investment in ADX increased, with total net foreign investments recording an inflow of AED 24 billion ($6.53bn) in 2022
- ABU DHABI, UAE - The significant growth in the volume of non-oil trade between the UAE and India signifies the...
CEPA will help deliver the target of reaching US$100 billion in non-oil trade annually over the next five years.
During 2020-2022, non-oil trade between the UAE and India has grown from US$27.9 billion to US$51.4 billion last year.
- Abu Dhabi, UAE - The UAE’s real GDP growth accelerated during 2022 due to a robust recovery in non-oil GDP...
The growth came despite higher inflation, tightening financial conditions and continued geopolitical tensions
It was boosted by the removal of most COVID-19-related curbs and a recovery in global travel and the tourism
VR and AR technologies offer tourists pre-visit virtual explorations of cultural and natural sites, driving engagement and anticipation. Onsite, the...Technologies such as Virtual Reality, Augmented Reality, E-visas, and e-payment systems are enhancing the tourist experience in the Kingdom, say experts
NEOM, which epitomizes Saudi Arabia's innovative approach, is set to become a global showcase of advanced design and digital experiences, they add
Results of large US banks released underscored the boon from higher interest rates, as executives described the world's biggest economy...JPMorgan and Wells Fargo both reported huge increases in second-quarter profits.
Citi experienced a drop, citing an anemic investment banking market for revenue drop.
ABU DHABI, UAE - The Central Bank of the UAE (CBUAE) on Friday issued its Financial Stability Report for 2022....The report discusses global, local macroeconomic conditions, domestic asset markets and provides a detailed assessment of the UAE banking system.
The report also contains an analysis of other important developments across the UAE financial sector such as digitalization and sustainability.
UNITED NATIONS - The COVID-19 pandemic, the cost-of-living crisis and the war in Ukraine have pushed 165 million people into...The COVID-19 pandemic, the cost-of-living crisis and the war in Ukraine have pushed 165 million people into poverty since 2020, the UN said.
Because of these shocks, the United Nations has called for a pause in debt repayments for developing countries.
