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AD Ports Group 2024 net profit $484m

The Group's revenue increased 48 percent year-on-year.

TAQA net income $1.93bn in 2024

The company's revenues increased 6.7 percent year-on-year.

ADNOC L&S 2024 net profit $756m

The company's revenue increased by 29 percent to $3.54 billion.

ADNOC Distribution 2024 net profit down 7%

Minus UAE corporate tax, it would have grown by 2.4% to $725m

Maaden raises $1.25bn in sukuk offering

The Sukuk were offered in a five-year and a 10-year tranche.

‘AI adoption in UAE’s industries to propel economic diversification’

  • The MBZUAI commencement ceremony celebrated 59 students graduating with a master's in computer vision (CV) and machine learning (ML), and natural language processing
  • Guests and attendees gained insight into the exploration taking place at MBZUAI and the importance of these the projects utilising AI to solve humankind’s most pressing challenges

Abu Dhabi, UAE – The adoption of  artificial intelligence (AI)  is critical to propelling diversification of economic growth in the United Arab Emirates, said managing director of Abu Dhabi Investment Authority. Sheikh Hamed bin Zayed Al Nahyan during his particiupation in the commencement ceremony of the Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) Class of 2023. 

The UAE has the world’s first university for artificial intelligence. 

The commencement event highlighted the transformative role of AI adoption across industries in achieving the nation’s goals of economic growth.

During the ceremony, Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and Chairman of MBZUAI’s Board of Trustees, emphasized the pivotal role of AI in accelerating the UAE’s economy while addressing key challenges in areas such as climate, healthcare, and education. 

The graduating class of MBZUAI’s Class of 2023, comprising 59 students from diverse nationalities, showcased their expertise in areas such as computer vision, machine learning, and natural language processing. These AI experts are poised to make a profound impact on various industries, including healthcare, technology, energy, transport, and government.