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ABU DHABI / WAM Emirates Development Bank (EDB), the key financial engine of economic development and industrial advancement in the UAE, has launched its internal AI Wave programme, a strategic initiative aimed at enhancing AI literacy and adoption across the organisation. In line with the UAE’s Artificial Intelligence Strategy 2031, the programme seeks to support the UAE’s position as a ...

ABU DHABI / WAM The UAE’s tourism sector continues to record remarkable performance in international tourist arrivals and hotel bookings, aligning with the UAE Tourism Strategy 2031, which aims to attract AED100 billion in tourism investments and boost the sector’s contribution to the GDP to AED450 billion by 2031. In 2023, the tourism sector contributed 11.7 percent of the UAE’s ...

NEW DELHI / WAM HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has arrived in New Delhi on an official visit to India. Upon arrival at the airport, HH was received by Piyush Goyal, India’s Minister of Commerce and Industry, and was honoured with a traditional red-carpet reception, during which the national anthems of ...

BEIJING / WAM China’s foreign exchange reserves totalled $3.2882 trillion as of the end of August, up by $31.8 billion, or 0.98 percent compared to the end of July, official data showed. Xinhua News Agency quoted the State Administration of Foreign Exchange as saying that China’s foreign exchange reserves have remained stable above $3.2 trillion for nine consecutive months. The ...

SHANGHAI / WAM The Chinese financial hub of Shanghai announced the establishment of a CN¥10 billion (about $1.41 billion) fund to nurture future industries. Xinhua News Agency quoted the Science and Technology Commission of Shanghai Municipality as saying the fund is fully financed by the Shanghai government and has a term of 15 years that can be extended by an ...

SEOUL / WAM The Republic of Korea recorded a 19.9 percent year-on-year (YoY) increase in the number of international flight passengers during the summer vacation season, fully recovering to the pre-pandemic level, data showed on Sunday. Offering data compiled by the Korea Airports Corp and the Incheon International Airport Corp, Yonhap News Agency reported that a total of 15.69 million ...

DOHA / WAM The Secretariat General of the Gulf Cooperation Council (GCC), honoured Lieutenant General Dhahi Khalfa Tamim, DeputyChief of Police and Public Security in Dubai, as the GCC Pioneer Social Work Personality for 2024, during an award ceremony held in Qatari capital Doha. During the ceremony, which was attended by Jasem Mohamed Al-Budaiwi, Secretary General of the Gulf Cooperation ...

ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Sunday received His Excellency Dr Badr Abdel Ati, Minister of Foreign Affairs and Migration of the Arab Republic of Egypt. During the meeting, which took place at Qasr Al Shati in Abu Dhabi, His Excellency conveyed to His Highness the greetings of Egyptian President Abdel Fattah ...

CAIRO/WAM Abdullah bin Touq Al Marri, Minister of Economy, held bilateral meetings with Lieutenant General Kamel El Wazir, Deputy Prime Minister for Industrial Development and the Minister of Industry and Transport of Egypt, and Dr Rania Al Mashat, Egypt’s Minister of Planning, Economic Development, and International Cooperation. The discussion aimed to strengthen the economic partnership between the UAE and Egypt ...

ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Gordana Siljanovska-Davkova of the Republic of North Macedonia, on the occasion of her country’s Independence Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mansour ...