October, 2024

• 13 October

  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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• 13 October

  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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• 13 October

  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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• 13 October

  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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• 13 October

  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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• 13 October

  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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• 11 October

  ADNOC to close acquisition of controlling stake in Fertiglobe

  

  ABU DHABI/WAM Abu Dhabi National Oil Company P.J.S.C. (ADNOC) announced on Friday that its acquisition of OCI’s 50% + 1 share stake in Fertiglobe, which was announced in December 2023, has received all required approvals and is expected to close on Tuesday, 15th October 2024. Ahead of closing, a block trade will be initiated on the Abu Dhabi Securities Exchange ...

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• 11 October

  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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• 11 October

  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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• 11 October

  Abdullah bin Zayed chairs second meeting of BRICS Steering Committee

  

  ABU DHABI/ WAM H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, chaired the second meeting of the BRICS Steering Committee, held via video conferencing and attended by several UAE ministers and officials. The meeting reviewed the latest updates and developments on the UAE’s engagement with the BRICS group and explored ways to further ...

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