DUBAI/ WAM The 64-storey Wasl Tower is set to be one of the world’s tallest buildings to use ceramic fins as a renewable means to achieve energy efficiency, amid preparations to host the upcoming global climate summit COP 28 in the UAE. Aligned with the Year of Sustainability being marked by the UAE this year, the new building further enhances ...

ABU DHABI/ WAM As part of its commitment to the UAE’s Emiratisation agenda, the Central Bank of the UAE (CBUAE) will participate in the 17th annual Tawdheef exhibition from 13th to 15th November 2023, taking place at the Abu Dhabi National Exhibition Centre (ADNEC). Through its participation, the CBUAE will provide UAE nationals with job opportunities across various banking and ...

DUBAI/ WAM Under the patronage of H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE and President of DIFC, the Dubai FinTech Summit returns for its highly anticipated second edition from 6-7 May 2024. A strategic initiative of the Government of Dubai, the summit is ...

ABU DHABI/ WAM Extensive community participation is continuing for the ‘Tarahum for Gaza’ campaign, which is organising events across the United Arab Emirates. Today, the campaign event organised at the Abu Dhabi Cruise Ship Terminal of the Abu Dhabi Ports Group saw the participation of 2,500 volunteers, including citizens and residents of all ages and nationalities, who prepared more than ...

BLOOMBERG The outlook is set to darken for the dollar in 2024, but the sturdy US economy and high yields will likely support the currency’s valuation, according to Goldman Sachs Group Inc strategists led by Kamakshya Trivedi. The greenback is still up about 1.6% this year, after slipping from its 2023 highs set last month. It’s on track for a ...

BLOOMBERG One of the most high-profile blockchain systems in traditional banking has added a new feature that lets companies shift cash automatically. JPMorgan Chase & Co’s JPM Coin now allows clients to program their accounts by plugging in a set of key conditions, enabling them to move funds to cover overdue payments and margin calls. Further down the line, it ...

BLOOMBERG Sony Group Corp raised its full-year outlook for sales and profit after its media divisions outperformed, yet warned that it might be difficult to meet a target for PlayStation 5 sales ahead of the crucial year-end holiday season. Sony is now targeting net sales of ¥12.4 trillion ($82.1 billion) in the year ending March, up from ¥12.2 trillion and ...

BLOOMBERG Meta Platforms Inc, Apple Inc, Alphabet Inc and other companies that offer digital wallets and payment apps would fall under US Consumer Financial Protection Bureau (CFPB) supervision under a newly proposed rule aimed at treating nonbanks more like traditional counterparts. Companies handling more than 5 million transactions per year would be regulated like banks, credit unions, and other financial ...

DUBAI / WAM Dubai Electricity and Water Authority’s (Dewa) commitment to sustainable transportation is aligned with the broader goals of the UAE and the Emirate of Dubai. This commitment underscores the nation’s dedication to fostering innovation in renewable energy, clean energy, and sustainability. Consequently, Dewa has prioritised sustainable transport and its advocates within the UAE and globally at the Water, ...

ABU DHABI / WAM Noura bint Mohammed Al Kaabi, Minister of State, led the UAE delegation participating in the 6th edition of the Paris Peace Forum, which is being held under the theme “Seeking Common Ground in a World of Rivalry”. The forum was attended by Emmanuel Macron, President of the Republic of France. Al Kaabi and the UAE delegation ...