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DUBAI / WAM Omar Sultan Al Olama, Minister of State for Artificial Intelligence (AI), said that the rapid change of technology and its impact on key sectors calls for strategic collaborations and international partnerships to accelerate the adoption of AI across various sectors. This came during the launch of the UAE Artificial Intelligence Network, a network dedicated to gathering academics, ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received a letter from the President of Liberia, George Weah, with regard to bilateral relations between the two countries. The letter was conveyed by Gbehzohngar Findley, Liberian Minister of Foreign Affairs, and Trokon Kpui, ...

ABU DHABI / WAM Abu Dhabi National Insurance Company (Adnic), partnered with Addenda Technologies, a blockchain technology start-up and DIFC fintech Hive member, to bring new innovation to the claims process. Adnic and Addenda Technologies began working together in 2018 through their involvement with DIFC’s fintech Hive accelerator programme. A team of claims experts from Adnic collaborated with the start-up ...

Dubai / WAM Marking the 5th anniversary of Dubai Tram on November 11, Roads and Transport Authority (RTA), confirmed that the tram had become a key component of rail systems and public transport network in Dubai. It has a significant contribution to making public transport the ideal mobility choice of Dubai visitors and tourists. Growing numbers of commuters are using tram, ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Sunday attended the 4th Abu Dhabi CEO Roundtable, where 30 of the world’s leading oil and gas companies gathered to discuss key industry challenges and opportunities in today’s fast evolving global economy. The ...

Bloomberg Bank of England (BOE)policy makers are being forced to keep stumm just as the outlook is changing, restricting their ability to reinforce signals that lower interest rates could be imminent. The UK’s December 12 election will hamper any attempts to prepare markets for a move at the BOE’s next decision just before Christmas. Officials are now in the customary ...

Bloomberg India’s Yes Bank Ltd, the world’s worst-performing lender in 2019, has posted the globe’s biggest gain over the past month. Its shares have rallied about 50% — the biggest gain among global peers valued at more than $1 billion — after embattled founder Rana Kapoor was forced to sell his holdings in October and a new management team promised ...

Bloomberg Deutsche Bank AG shareholders have called for Chief Executive Officer Christian Sewing to end his role in supervising the investment banking division amid concern it may distract him from his main job, the Telegraph reported. Deka Investment, one of the bank’s shareholders, called it “unusual” for a CEO to run a division while there’s ongoing restructuring involving 18,000 job ...

Bloomberg Nigerian local-currency bond yields have plunged to 18-month lows as investors pile into the debt after the central bank restricted sales of higher-yielding, shorter-term central-bank securities. The average yield for naira government bonds has dropped 117 basis points to 13.03% since the central bank moved to block individuals and non-bank firms from buying so-called open-market operations (OMOs) on October ...

Bloomberg Vietnam’s Military Commercial Joint Stock Bank plans to raise about $240 million from the sale of a 7.5% stake to foreign investors via a private placement, according to people familiar with the matter. The sale of the 7.5% stake, or 141.5 million new shares and 47 million treasury shares, is expected to be completed by the end of this ...