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Over 65% of organisations in Middle East plan to increase investment in AI: Research

ABU DHABI/ WAM A new report by Deloitte, the leading global professional services firm, in collaboration with Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), reveals the immense opportunities presented by artificial intelligence (AI) in the Middle East. The 2025 State of AI in the Middle East Report also shines a spotlight on the challenges organisationss face when investing in ...

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Guatemala seeks to boost tourism, trade with UAE: Minister

DUBAI/WAM Harris Whitbeck, Minister of Tourism of Guatemala, emphasised that his country is eager to strengthen tourism and trade cooperation with the UAE. He noted that Guatemala’s participation in the Arabian Travel Market for the third consecutive year reflects its commitment to attracting more visitors from the region. Speaking to the Emirates News Agency (WAM) on the sidelines of the ...

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Adnoc Distribution reports record EBITDA for FY 2024

ABU DHABI/ WAM ADNOC Distribution on Tuesday announced its financial results for 2024, achieving its highest-ever Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) of $1.05 billion (AED3.86 billion), an increase of 4.8 percent year-on-year. Underlying EBITDA, excluding inventory gains and one-off items, reached $989 million (AED3.63 billion), an increase of 11.4 percent year-on-year. This record-breaking performance reflects robust fuel ...

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