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Oil’s historic surge impacting Asian stock, currency markets

  Bloomberg The historic surge in oil is reshaping the outlook for Asian equity and currency markets, as the specter of prolonged high prices exposes the vulnerability of energy-dependent countries. Risks of a rise in consumer prices and disruption to current-account balances have triggered strong foreign outflows from equities in markets like India and South Korea in recent days, spurring ...

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UAE leaders played key role in Albania’s modern history: PM

DUBAI / WAM The UAE leaders have played a key role in Albania’s modern history with their support at critical times, Albanian Prime Minister Edi Rama told the Emirates News Agency (WAM). “His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces; and his father Sheikh Zayed bin ...

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Scad-G42 deal to advance adoption of AI solutions

  ABU DHABI / WAM The Statistics Centre – Abu Dhabi (Scad) signed a partnership agreement with G42 Cloud, the leading Abu Dhabi-based AI and cloud computing company, to utilise its advanced digital and AI solutions for improving Scad’s statistical portfolio. The agreement was signed by Ahmed Mahmoud Fikri, Director-General of Scad, and Talal Al Kaissi, CEO of G42 Cloud. ...

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