The UAE economy is predicted to pick up pace towards the end of 2015. Frost & Sullivan reveals the Emirates, along with Saudi Arabia will be able to ride out the drop in oil prices due to a strong non-oil sector. High public spending on education, healthcare, transport and water infrastructure will lead the two economies. Meanwhile, the firm predicts Algeria and Nigeria will continue to deal with the decline in exports and depreciation in currency.
UAE stresses need for deeper economic cooperation with OIC states
Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade, has stressed the need for deeper economic and commercial integration with OIC member states amid "rapid geopolitical shifts that are challenging international trade flows and supply chains".
North Korea says US allegations linking it to Binance heist are 'absurd rhetoric'
North Korea on Tuesday dismissed as "absurd rhetoric" US allegations that it was behind a $6 billion cryptocurrency heist on the Binance platform, saying they proved Washington remained hostile towards it, state news agency KCNA said.
Dubai Future Finance Week spotlights AI, fintech and investment trends
The inaugural Dubai Future Finance Week has brought together global financial leaders, policymakers and innovators to discuss the trends shaping the future of the financial industry.
Abu Dhabi, OpenAI sign 4 agreements as Sam Altman meets Sheikh Khaled
Four agreements were signed between Abu Dhabi-based entities and OpenAI, spanning government, energy and investment sectors, as His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, held talks with Sam Altman.
ADIPEC opens record-breaking edition in Abu Dhabi
The 42nd edition of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) has opened, bringing together global leaders from the energy, technology, finance and industrial sectors.
