ABU DHABI/WAM The United Arab Emirates has emerged as a key player in regional and global development, driven by its visionary leadership, strategic location, and favourable business climate. This established the country as an influential economic force, particularly in supporting major global initiatives such as China’s Belt and Road Initiative (BRI), launched by President Xi Jinping in 2013. The UAE’s ...

ABU DHABI/WAM The Abu Dhabi Chamber of Commerce and Industry reported that it registered over 400 AI companies in Abu Dhabi by the end of the second quarter of 2024, showcasing a rapid growth and increasing interest in AI and its applications in the emirate.A recent study by the Abu Dhabi Chamber revealed that, on average, one AI company was ...

DUBAI/WAM Drydocks World on Tuesday signed a contract with Shanghai Zhenhua Heavy Industries Co. Ltd. (ZPMC) to acquire a new generation 5,000-tonne Floating Sheerleg Crane, which will help meet the growing demand for large-scale offshore projects. The signing ceremony took place in Dubai, attended by Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, Captain Rado Antolovic, PhD, ...