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DUBAI / WAM Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, stressed that data sector will significantly contribute to the future of the UAE economy, as the reliance on Artificial Intelligence (AI) technology incre-ases, becoming a base for many vital activities of future societies. Promoting investment in this rapidly evolving global economic sector comes as part of ...

Abu Dhabi / Emirates Business With Expo 2020 on the horizon and the Middle East representing high growth potential for the travel industry, WTM London 2018 which takes place on November 5-7 and is placing a spotlight on the region with a host of key speakers lined up for the show’s new regionally-focussed Inspiration Zones. As Dubai gears up for ...

Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc), and Baker Hughes, a General Electric company, on Monday signed a strategic partnership agreement that will enable and support the growth and development of Adnoc’s subsidiary, Adnoc Drilling, into a fully integrated drilling and well construction provider. As part of the agreement, BHGE will acquire a five percent stake ...

MUNICH / WAM Nakheel is back in Munich for the second consecutive year with a plethora of real estate projects — collectively worth EUR14 billion ($16 billion) — on show at Expo Real 2018. The only Dubai developer at the event, Nakheel is showcasing a diverse selection of investment opportunities including completed and off-plan residential units — offering rental yields ...

DUBAI / WAM Policymakers, industry hea-vyweights, economists, pro-minent CEOs and business leaders from the world will share insights and predictions on key trends that are expected to reshape future of the global Islamic economy when they gather in Dubai for 4th Global Islamic Economy Summit (GIES 2018). Dubai Chamber and the Dubai Islamic Economy Development Centre (DIEDC) will organise high-level ...

Bloomberg Aramco and Total SA signed an engineering and design contract for a $9 billion petrochemical complex in Saudi Arabia that will convert fossil fuels into building blocks for plastics. The Amiral complex will be able to produce 2.7 million tonnes of chemicals annually, according to Amin Nasser, state-run Saudi Aramco’s chief executive officer. The project will be completed by ...

DUBAI / WAM Khalfan Belhoul, CEO of Dubai Future Foundation (DFF) stressed the importance of concerted national efforts, and consolidating the culture of partnership, to enhance cooperation between government entities in Dubai, and exchange experiences and to reach an integrated work system, in line with the objectives and strategies of building the future. This came during signing of an MoU ...

DUBAI / WAM­­­­­ Dubai Garden Glow, a favourite family entertainment attraction in Zabeel Park, entered its fourth season on Sunday, adding a fourth attraction, the Art Park. The four magical themes in Garden Glow this year include the Ice Park, the Glow Park, the Dinosaur Park and the newly added Art Park, set up using about 500,000 different types of ...

Dubai / WAM The Health and Environmental Affairs Committee of the Federal National Council (FNC), began its discussion, during its meeting on Monday at the headquarters of the FNC General Secretariat in Dubai, which was chaired by Salem Obaid Al Hassan Al Shamsi, Chairman of the Committee, on a draft law on the use of information and communication technology in ...

DUBAI / WAM The 20th Water, Energy, Technology and Environment Exhibition (Wetex 2018), will cover an area of 78,413 square metres with the participation of more than 2,100 exhibitors from 53 countries. The announcement was made by Saeed Mohammed Al Tayer, Managing Director and CEO of Dubai Electricity and Water Authority (Dewa), and Founder and Chairman of Wetex, during a ...