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TOKYO/ WAM Asian stock markets rallied on Thursday, buoyed by Wall Street’s surge to all-time peaks overnight after a milder US inflation report raised expectations the Federal Reserve will deliver two interest rate cuts this year, Reuters reported. The dollar remained on the back foot, sagging to fresh multi-week lows against peers including the euro and sterling. US Treasury yields ...

ABU DHABI / WAM Presight, a leading big data analytics company powered by generative artificial intelligence (AI), and Intel, a cloud computing, data centre, AI, and PC solutions company, have announced a strategic collaboration aimed at accelerating applied AI projects and developing cutting-edge AI solutions in the Middle East. Signifying a commitment to advancing AI research and development in the ...

ABU DHABI/ WAM Standard & Poor’s Credit Ratings Agency (S&P Global) said the profitability of GCC Banks will remain strong in 2024, and their asset quality will stay robust despite higher-for-longer rates, due to supportive economies, contained leverage, and a high level of precautionary reserves. In its related report, S&P stated that the US Federal Reserve Board (FRB) could begin ...

ABU DHABI/ WAM The Abu Dhabi Businesswomen Council (ADBWC) and Etihad Airways have signed a Memorandum of Understanding to support 25,000 women-owned small and medium-sized enterprises (SMEs) operating in the capital. Etihad will consider members of the organisation to be preferred suppliers when it comes to procurement and through its “Business Connect” programme will offer generous Etihad Guest Miles benefits ...

ABU DHABI/ WAM Emirates Global Aluminium (EGA), the largest industrial company in the UAE outside oil and gas, today announced the launch of one of the first digital manufacturing platforms in the region to unlock additional value through Industry 4.0 applications. EGA developed the digital manufacturing platform with Microsoft as part of a strategic collaboration to progress EGA’s Digital Roadmap. ...

SHARJAH/ WAM H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member, Ruler of Sharjah, and President of the University of Khorfakkan, praised what the university achieved during the academic year 2023/2024 and the ongoing development of the educational process in it in conjunction with the administrative systems in place and the implementation of the regulations approved by the ...

ABU DHABI/ WAM Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse, along with Infinity Power, the largest African renewable energy developer, and Hassan Allam Utilities, a sustainable infrastructure focused development and investment platform, have today signed a Land Access Agreement with the Egyptian Government for the consortium’s 10GW capacity onshore wind farm in Egypt, set ...

ABU DHABI/ WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan today received at Qasr Al Shati in Abu Dhabi His Highness Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah. During the meeting, Their Highnesses engaged in brotherly conversations covering various topics concerning national affairs and the wellbeing of citizens. They ...

ABU DHABI / WAM The United Arab Emirates and the Republic of India held the fifth session of their joint consular committee (JCC) in New Delhi to advance and consolidate cooperation in all joint consular fields in serving the citizens of the two countries. On the UAE side, the meeting was chaired by Khalid Abdulla Belhoul, Under-Secretary of the Ministry ...

ABU DHABI / WAM Bayanat, the ADX-listed public company and provider of AI-powered geospatial solutions, announced its results for Q1, reporting AED113 million in revenues, a 12% increase Year-over-Year. In a statement on Wednesday, the company said that revenue increased primarily due to the expansion of its market presence and its strong product range and service offerings. The company remains ...