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SHARJAH/WAM The Sharjah Islamic Bank (SIB) registered robust growth, achieving a 31 percent surge in net profits to AED 841.5 million in 2023, compared to AED 650.9 million in 2022. Operating profits also witnessed a 23 percent rise, reaching AED 2 billion for 2023, up from AED 1.6 billion in the previous year. The net income resulting from financing and ...

DAVOS/ WAM The UAE Government and the World Economic Forum (WEF) have signed a partnership agreement to develop the “We the UAE for Strategic Intelligence 2031” platform, which represents a digital model powered by artificial intelligence, incorporating the best global knowledge resources and international experts in various sectors. The platform aims to support policymakers, strategists, and government leaders in the ...

AL AIN / WAM The UAE University (UAEU) in cooperation with Seoul National University, Korea, conducted a workshop on “Earth Science for a Better Stewardship of Our Planet”. The workshop aims to strengthen partnerships and improve research outcomes in geology, earth science, and environmental science to protect the planet from climate change. Prof Ahmed Murad, UAE Associate Provost for Research, ...

DUBAI / WAM Dubai Electricity and Water Authority (Dewa) has utilised innovation and the latest disruptive technologies in detecting leaks in the water transmission underground pipelines. This helped Dewa save 243 million gallons of water and AED9.66 million in 2023. Dewa’s Smart Ball technology detects leaks that are usually difficult to detect using traditional techniques. Since its utilisation in April ...

FUJAIRAH / WAM HH Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi, Crown Prince of Fujairah, witnessed the signing of a strategic agreement between the Fujairah Natural Resources Corporation, the Fujairah Oil Industry Zone (FOIZ) and the Emirates General Petroleum Corporation (Emarat). The agreement was signed by Ali Qasim, General Manager of the Fujairah Natural Resources Corporation, Captain Salem Abdullah ...

RAS AL KHAIMAH / WAM HH Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, received on Thursday at his palace in the Saqr bin Mohammed City, Željka Cvijanović, Member of the Presidency of Bosnia and Herzegovina, who is currently visiting the country. The RAK Ruler welcomed Cvijanović and her accompanying delegation, and discussed ...

DAVOS / WAM Misiek Piskorski, Professor of Digital Strategy, Analytics and Innovation and Dean of Asia and Oceania at IMD, focused during a session held in the UAE pavilion in Davos, on advanced talent management models. The session, entitled “How to build the leaders for tomorrow”, discussed talent management models using artificial intelligence (AI) to help public and private institutions ...

ABU DHABI / WAM Saqr Ghobash, Speaker of the Federal National Council (FNC), held separate meetings with Madiyar Menilbekov, Ambassador Extraordinary and Plenipotentiary of the Republic of Kazakhstan to the UAE, and Antonis Alexandridis, Ambassador of the Hellenic Republic to the UAE. The meetings discussed ways to strengthen bilateral cooperation in various fields, particularly the activation of parliamentary cooperation between ...

ABU DHABI / WAM Edge, one of the world’s leading advanced technology and defence groups, has announced that it will conduct a six-month trial on a major public security initiative with the São Paulo State Government. The partnership was announced during a high-level delegation visit by senior government members to Edge Group headquarters in Abu Dhabi. The ‘Proof of Concept’ ...

RAS AL KHAIMAH/ WAM H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, received today at his palace in the Saqr bin Mohammed City, Satish Kumar Sivan, Consul-General of India in Dubai and the Northern Emirates. The RAK Ruler welcomed the Indian Consul-General, wishing him success in performing his duties and bolstering UAE-India ...