DUBAI / WAM Thirty innovators, including 22 startups and eight AI development professionals, presented breakthrough AI-powered solutions at the UAE’s first Llama Design Drive Demo Day during an exclusive event at the Dubai Future Foundation. Meta’s AI accelerator programme, developed in partnership with Dubai Future Foundation and powered by Startupbootcamp, culminated with 19 teams showcasing real-world applications for some of ...

BAKU/WAM The United Arab Emirates and the Republic of Azerbaijan signed a memorandum of understanding (MoU) worth $5 billion to support demining efforts in Nagorno-Karabakh. The agreement was signed on behalf of the UAE by Mohammed Murad Al Blooshi, UAE Ambassador to Azerbaijan, and Vugar Suleymanov, Chairman of the Board of the Mine Action Agency of Azerbaijan (ANAMA), on behalf ...

ABU DHABI/WAM Following the board’s strategic endorsement, the Abu Dhabi National Oil Company (Adnoc) on Wednesday announced the launch of XRG, a groundbreaking international lower-carbon energy and chemicals investment company, with an enterprise value of over $80 billion. XRG aims to more than double its asset value over the next decade by capitalising on demand for low-carbon energy and chemicals ...