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China’s auto sector reports growth momentum in first nine months

BEIJING/WAM China’s automobile industry has revealed a growth trend, with its production and sales of vehicles increasing steadily in the first nine months of 2024, data from the China Association of Automobile Manufacturers showed on Saturday. From January to September, China’s auto production totalled about 21.47 million units, up 1.9 percent year-on-year. Auto sales stood at 21.57 million units, an ...

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China’s generative AI service users surpass 600 million, industrial growth continues

BEIJING/WAM China has more than 600 million registered users for generative artificial intelligence (AI) services, the Ministry of Industry and Information Technology (MIIT) said on October 12. According to a report by CGTN, Zhao Zhiguo, the chief engineer at the MIIT, emphasised the ongoing growth of the country’s core AI industry, which now includes more than 4,500 companies. Currently, nearly ...

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In line with the directives of UAE President, ERC collects ‘UAE Stands with Lebanon’ aid at Abu Dhabi Port

ABU DHABI / WAM The Emirates Red Crescent (ERC) organised the collection of relief aid at Abu Dhabi Ports’ Cruise Terminal (Terminal 1) on October 13 in coordination with Abu Dhabi’s donor agencies and institutions. This step is in line with the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan and is carried out with the follow-up ...

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Sharjah’s SIFF concludes its 11th edition, attracts 50,000 visitors

SHARJAH / WAM The Sharjah International Film Festival for Children & Youth (SIFF) wrapped up its 11th edition with a grand closing ceremony at the Sharjah Research, Technology, and Innovation Complex. Under the patronage of Sheikha Jawaher bint Mohammed Al Qasimi, Chairperson of the Supreme Council for Family Affairs, the event celebrated exceptional filmmakers, directors, and professionals from the industry. ...

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ALC publishes ‘Sheikh Rashid: Milestones and Images in the Arab Press’ book

DUBAI/WAM The Abu Dhabi Arabic Language Centre (ALC), in collaboration with the Mohammed bin Rashid Library, has published “Sheikh Rashid: Milestones and Images in the Arab Press”, a book marking the anniversary of the death of the late Sheikh Rashid bin Saeed Al Maktoum. Alongside the launch, the ALC organised a panel discussion attended by Mohammed Ahmed Al Murr, Chairman ...

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UAE harnesses AI to reshape future of global financial sector

ABU DHABI/WAM The UAE continues to lead digital transformation and financial inclusion in the Middle East region, supported by the transformative power of artificial intelligence, which has become evident across a wide range of economic sectors, primarily in the financial and banking sectors. This contributes to strengthening its economic growth and prosperity while solidifying its leading position in the global ...

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Still spending time on chores? Let a lifestyle robot take care of them

DUBAI/GULF TIME In today’s fast-paced world, it’s difficult to come by time to take care of home cleaning needs the manual way. Which is why the demand for smart home cleaning solutions is skyrocketing. These innovations are no longer just about convenience; they’re about transforming the way we live. With our lives becoming increasingly busy, smart cleaning products have emerged ...

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Bank of Korea conducts 1st policy pivot in over 3 yrs

SEOUL/WAM The Republic of Korea’s central bank on Friday cut its key benchmark interest rate, its first pivot in its yearslong monetary tightening mode, as inflation continued to moderate and the property market showed signs of cooling, reported Yonhap News Agency. As widely expected, the Bank of Korea (BOK) slashed its key rate by 25 basis points to 3.25 percent, ...

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ADX logs 44 large direct deals on Fertiglobe worth AED13.28 billion

ABU DHABI/WAM The Abu Dhabi Securities Exchange (ADX) saw today 44 large direct deals executed on the stock of Fertiglobe. According to market data, the trade was executed on 4.15 billion shares with a value of AED13.28 billion at an execution price of AED3.2 per share. Large direct transactions are deals executed outside the order book and do not affect ...

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