ABU DHABI / WAM The Central Bank announced that the Money supply aggregate M1 decreased by 0.2%, from AED799.3 billion at the end of October 2023 to AED797.4 billion at the end of November 2023. This was due to AED4.9 billion fall in Monetary Deposits. Currency in Circulation Outside Banks increased by AED3.0 billion during November 2023. The Money Supply ...

DAVOS/ WAM Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, emphasised that the rapid growth observed in the global generative artificial intelligence market reflects that AI is the driving force and the engine for the future. He pointed out that the leadership of the UAE has recognised for more than two ...

DUBAI / WAM The Dubai Electricity and Water Authority (Dewa) extended over 364 kilometres of fibre optic (FO) ducts across different areas in Dubai in 2023. This expansion has increased the total length of these cable ducts to 3,998 kilometres, a 10% increase compared to 2022. This initiative aligns with Dewa’s commitment to developing a world-class digital infrastructure that leverages ...