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 ...

ABU DHABI / WAM Abu Dhabi National Energy Company (Taqa) reported its first half earnings for the period ending on June 30, announcing a group revenues of AED26.8 billion, 5% higher than the prior-year period, primarily due to higher pass-through bulk supply tariffs and transmission use of system within the Transmission and Distribution segment. Taqa also announced that the net ...