ABU DHABI / WAM The COP28 Presidency has announced that it will convene the Independent High-Level Expert Group (IHLEG) on Climate Finance in the UAE this week to drive progress on steps to reform international finance ahead of COP28. The two-day meeting — taking place on August 15 at the Abu Dhabi Global Markets (ADGM) — will bring together world-leading …

ABU DHABI / WAM According to the latest statistics from the Central Bank of the UAE, the country’s national banks increased their credit facilities for the business and industrial sectors by around AED28.4 billion in the first five months of this year. The statistics also showed that the two sectors witnessed a 4 percent rise in credit balance from national …

DUBAI / WAM   The World Economic Forum announced the selection of Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, Director-General of the Prime Minister’s Office, for the steering committee in the AI Governance Alliance which includes 10 of the world’s leaders in the digital and technological fields globally. The AI Governance …