News

Miral, e& enterprise partner to showcase Yas Island’s business venues in metaverse

ABU DHABI / WAM Miral, the leading creator of immersive destinations and experiences in Abu Dhabi, and e& enterprise, the digital transformation arm of e&, have announced a partnership to develop the Yas Island Metaverse project. The project will leverage the metaverse to exhibit business event venues on Yas Island. It will also highlight attractions and experiences across the destination, ...

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China rolls out measures to promote green finance

BEIJING/WAM China has unveiled a guideline on the development of green finance, outlining 19 important measures for key areas to promote the building of a beautiful China, Xinhua News Agency reported Sunday. Focusing on key areas such as the green development of key industries and ecological protection and restoration, China will work to create a project library for the building ...

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China’s auto sector reports growth momentum in first nine months

BEIJING/WAM China’s automobile industry has revealed a growth trend, with its production and sales of vehicles increasing steadily in the first nine months of 2024, data from the China Association of Automobile Manufacturers showed on Saturday. From January to September, China’s auto production totalled about 21.47 million units, up 1.9 percent year-on-year. Auto sales stood at 21.57 million units, an ...

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China’s generative AI service users surpass 600 million, industrial growth continues

BEIJING/WAM China has more than 600 million registered users for generative artificial intelligence (AI) services, the Ministry of Industry and Information Technology (MIIT) said on October 12. According to a report by CGTN, Zhao Zhiguo, the chief engineer at the MIIT, emphasised the ongoing growth of the country’s core AI industry, which now includes more than 4,500 companies. Currently, nearly ...

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Sharjah’s SIFF concludes its 11th edition, attracts 50,000 visitors

SHARJAH / WAM The Sharjah International Film Festival for Children & Youth (SIFF) wrapped up its 11th edition with a grand closing ceremony at the Sharjah Research, Technology, and Innovation Complex. Under the patronage of Sheikha Jawaher bint Mohammed Al Qasimi, Chairperson of the Supreme Council for Family Affairs, the event celebrated exceptional filmmakers, directors, and professionals from the industry. ...

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ALC publishes ‘Sheikh Rashid: Milestones and Images in the Arab Press’ book

DUBAI/WAM The Abu Dhabi Arabic Language Centre (ALC), in collaboration with the Mohammed bin Rashid Library, has published “Sheikh Rashid: Milestones and Images in the Arab Press”, a book marking the anniversary of the death of the late Sheikh Rashid bin Saeed Al Maktoum. Alongside the launch, the ALC organised a panel discussion attended by Mohammed Ahmed Al Murr, Chairman ...

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ADNOC to close acquisition of controlling stake in Fertiglobe

ABU DHABI/WAM Abu Dhabi National Oil Company P.J.S.C. (ADNOC) announced on Friday that its acquisition of OCI’s 50% + 1 share stake in Fertiglobe, which was announced in December 2023, has received all required approvals and is expected to close on Tuesday, 15th October 2024. Ahead of closing, a block trade will be initiated on the Abu Dhabi Securities Exchange ...

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Abdullah bin Zayed chairs second meeting of BRICS Steering Committee

ABU DHABI/ WAM H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, chaired the second meeting of the BRICS Steering Committee, held via video conferencing and attended by several UAE ministers and officials. The meeting reviewed the latest updates and developments on the UAE’s engagement with the BRICS group and explored ways to further ...

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Hafeet Rail signs contract with Progress Rail to supply modern fleet of freight locomotives

ABU DHABI/WAM Hafeet Rail, the developer and operator of the UAE-Oman Rail Network, has partnered with Progress Rail, a Caterpillar company, to supply 27 state-of-the-art EMD SD70ACS heavy-haul freight locomotives. The locomotives will be custom-designed to withstand the region’s unique environmental conditions while adhering to the highest global standards of safety, security, sustainability, and environmental protection. This took place during ...

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