BLOOMBERG Asset managers turned bullish on the yen from bearish for the first time since May on the growing view that the Bank of Japan (BOJ) will probably end its ultra-easy policy in 2024 while its major peers cut interest rates. The latest Commodity Futures Trading Commission data for the week through December 19 also showed a slight reduction in ...

DUBAI / WAM The Emirates Post Group Company (EPG), in collaboration with the Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), announced the launch of the first edition of the 52nd National Day stamps designed using generative artificial intelligence. The event was organised in the presence of Omar Sultan Al Olama, Minister of State for Artificial Intelligence and Digital Economy ...

SHARJAH / WAM Sharjah Consultative Council (SCC) will hold its second meeting, on December 28, as part of the first regular session of the eleventh legislative chapter, at its headquarters in the city of Sharjah, headed by Dr Abdullah Belhaif Al Nuaimi, Chairman of the Council. After approving the minutes of the first meeting, the agenda includes discussing the budget ...

ABU DHABI / WAM Abu Dhabi Department of Economic Development (Added), represented by Industrial Development Bureau (IDB), and Siemens Energy, a global leader in energy technology, have joined hands to further decarbonise Abu Dhabi’s booming industrial sector. The collaboration supports Abu Dhabi Industrial Strategy’s vision to establish the Emirate as the most competitive industrial hub in the region, driving the ...

DUBAI / WAM In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, issued Decree No 62 of 2023 forming the Board of Dubai Corporation for Ambulance Services chaired by the Director-General of Dubai Health Authority. The Assistant Commander-in-Chief for Excellence and Pioneering Affairs of Dubai ...

DUBAI / WAM Dubai Electricity and Water Authority (Dewa) has awarded an AED10.9 million contract for a project to lay a 562 metre Glass-Reinforced Epoxy (GRE) water pipeline with 1,500-millimetre diameter in Hatta. This project includes constructing a jet valve chamber to extend the lower outlet valve of Hatta Dam to the Wadi area. This project is part of the ...

DUBAI / WAM Nineteen Arab countries celebrated the Arab Day for the participating countries at the 33rd Arab Scout Camp that Dubai is hosting for the first time. The event is being held under the patronage of the HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, with the participation ...

ABU DHABI / WAM The Ministry of Economy and the Abu Dhabi Department of Economic Development (Added), have announced Anwar Gargash Diplomatic Academy (AGDA) as their official Education partner in hosting the World Trade Organisation’s 13th Ministerial Conference (MC13), the principle decision-making body overseeing global trade, when it convenes in Abu Dhabi in February 2024. The cooperation agreement was signed ...

ABU DHABI / WAM At the expense of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and the follow-up of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, the General Authority of Islamic Affairs and Endowments (GAIAE) printed about 100,000 copies of the Holy Quran. The copies ...

BLOOMBERG The sense of doom that gripped crypto markets at the end of 2022 following a $1.5 trillion wipeout has 12 months later given way to a very different sentiment: avarice. Bitcoin stormed back with a more than 160% advance this year that added some $530 billion to its market capitalisation. In its wake, myriad smaller tokens ranging from Sam ...