ABU DHABI/ WAM First Abu Dhabi Bank (FAB) and Microsoft will collaborate in developing new AI-based banking capabilities under a strategic business partnership signed today, with the UAE’s largest bank and the global technology leader to cooperate on the launch of an ‘AI Innovation Hub’ for financial services. The new AI Innovation Hub will focus on innovation, sustainability, and customer …

DUBAI/ WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, announced that the Mothers’ Endowment campaign, which he launched on 4th March 2024 to honour mothers by establishing an AED1 billion endowment fund that aims to support the education and training of millions of individuals around the world, has successfully exceeded its …

HONG KONG / WAM Asian shares were mixed on Tuesday after Wall Street retreated as surprisingly strong US manufacturing data cast doubts over how soon the Federal Reserve might cut interest rates, Associated Press (AP) reported. Hong Kong gained 2.2 percent to 16,906.15. The Shanghai Composite index edged 0.1 percent lower to 3,074.96. China real estate developer Vanke’s Hong Kong-listed …