SEOUL/WAM The Republic of Korea’s central bank kept its benchmark interest rate frozen Thursday following its two successive rate cuts. According to Yonhap News Agency, the monetary policy committee of the Bank of Korea (BOK) held its key rate unchanged at 3 percent during a rate-setting meeting in Seoul. The decision came on the heels of two rate cuts in ...

SHARJAH/WAM His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, received Yoweri Museveni, President of the Republic of Uganda, on Thursday at Al Badi Palace. At the beginning of the meeting, H.H. the Ruler of Sharjah welcomed the President of Uganda and his accompanying delegation and exchanged friendly talks on a number of ...

RAS AL KHAIMAH/WAM H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, received Sandeep Walia, Chief Operating Officer – Middle East & Luxury, Europe, Middle East and Africa at Marriott International, Inc, at his palace in the Saqr bin Mohammed City on Thursday, in the presence of Raki Phillips, CEO of Ras Al ...

DUBAI/GULF TIME Axis Communications, a global leader in network video solutions, unveiled its groundbreaking advancements in artificial intelligence (AI) and security technologies at Intersec Dubai 2025. Speaking at the event, Rudie Opperman, Manager of Engineering & Training for the Middle East and Africa at Axis Communications, emphasized the transformative potential of AI in reshaping traditional security practices. “AI is revolutionizing ...

DUBAI/GULF TIME GF Corys, a leading provider of water and flow solutions in the Middle East with over 45 years of local experience, announced the regional launch of their UltraFlow Drainage Solution. This groundbreaking system blends GF Piping Systems’ world-class quality with GF Corys’ deep regional expertise, setting a new standard for performance and value across the Middle East. UltraFlow ...

NEW YORK/WAM The UN Secretary General António Guterres has welcomed the announcement of a deal to secure a ceasefire and hostage release in Gaza. “I commend the mediators — Egypt, Qatar, and the United States of America — for their dedicated efforts in brokering this deal. Their unwavering commitment to finding a diplomatic solution has been critical in achieving this ...

CAIRO/WAM Egyptian President Abdel Fattah El-Sisi has welcomed reaching a ceasefire agreement in the Gaza Strip after more than a year of arduous efforts under the mediation of Egypt, Qatar, and the United States. The Egyptian President emphasised the urgency of facilitating the swift delivery of critical humanitarian aid to the people of Gaza to address the current catastrophic humanitarian ...

WASHINGTON/WAM US President Joe Biden has welcomed the ceasefire agreement between Gaza and Israel. In a statement issued by the White House last night, the US President officially announced that, after many months of intensive diplomacy by the United States, along with Egypt and Qatar, Israel and Hamas have reached a ceasefire and hostage deal. “This deal will halt the ...

ABU DHABI/GULF TIME The highly anticipated Middle East Metallurgy, Corrosion & Coatings (MECOC) EXPO 2025 opened its doors from January 14 to 16 at the Conrad Abu Dhabi Etihad Towers, gathering global industry leaders, experts, and innovators to explore cutting-edge advancements in metallurgy, corrosion management, and non-metallic materials. The conference brought together a dynamic mix of over 1000+ attendees, 200+ ...

RAS AL KHAIMAH/WAM H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, has received a delegation from the UAE Journalists Association along with prominent media leaders and journalists from Gulf, Arab and global communities. During the meeting, which took place at his Palace in Saqr bin Mohammed City, H.H. Sheikh Saud asserted the ...