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UAE council, Blockchain discuss adoption of AI tech

DUBAI / WAM Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, stated that the UAE leadership believes in fostering collaboration between federal government entities and local government entities, as well as building stronger ties with the private sector, aiming to enhance collective national endeavors towards the development and implementation of cutting-edge digital ...

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Emirates, United activate codeshare partnership

DUBAI / WAM Emirates and United have activated their codeshare partnership, allowing Emirates customers to enjoy easier access to an expanded choice of US destinations. Emirates customers will be able to fly to three of the nation’s biggest business hubs — Chicago, Houston or San Francisco — and connect easily to an expansive network of domestic US points on flights ...

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Adnoc L&S unveils integrated logistics services platform

ABU DHABI / WAM Adnoc Logistics & Services (Adnoc L&S) has unveiled its Integrated Logistics Services Platform (ILSP), one of the largest turnkey offshore logistics offerings in the world that enables coordinated end-to-end management of logistics and maritime operations at its base in Mussafah, Abu Dhabi. As part of the launch of the ILSP project, Adnoc L&S confirms that it ...

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UAE President, VP attend honouring ceremony of Nafis Award winners

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court and Chairman of the Board of Directors of the ...

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Nigeria dispenses banknotes to end cash crunch

BLOOMBERG Nigeria’s central bank increased the supply of banknotes to lenders to end shortages that have hampered individual and business transactions and crippled the cash-based economy since January. Most lenders including United Bank for Africa Plc Zenith Bank Plc and FBN Holdings Plc called in staff to help customers access cash in banks or via automated teller machines (ATMs). The ...

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HSBC’s Shaw says acquisition of SVB UK made ‘great sense’

BLOOMBERG HSBC Holdings Plc’s acquisition of Silicon Valley Bank’s UK arm made “great sense” from a business perspective and had nothing to do with pressure from regulators, according to Antony Shaw, chief executive officer of the bank’s Australia unit. “It’s an opportunity that doesn’t come along very often,” Shaw said via video from Hong Kong at an AFR banking summit. ...

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