ABU DHABI/WAM National banks boosted their investments in local stock markets by AED4.4 billion over 12 months, according to the latest statistics from the Central Bank of the UAE (CBUAE). According to Central Bank statistics, national banks raised their equity investments to AED16.1 billion at the end of May, a year-on-year (YoY) increase of 37.6 percent compared to AED11.7 billion …

DUBAI/WAM The Dubai Multi Commodities Centre (DMCC) and the global crypto exchange Bybit have launched their second joint hackathon with US$100,000 on offer for the most innovative Web3 businesses. This latest hackathon follows the success of their first edition in November 2023, which focused on innovations across Web3, including artificial intelligence (AI), gaming, and information security. Applications for the second edition …

DUBAI/WAM Dubai’s Knowledge and Human Development Authority (KHDA) is committed to ensuring that schools and educational institutions deliver the highest quality of education, aligning with the leadership’s vision for Dubai to become a global leader in education and learning, according to Aisha Miran, Director-General of KHDA. In conversation with editors-in-chief of UAE media outlets, Aisha Miran emphasised the Authority’s dedication …