RIQ and Swiss Re Collaborate on AI-Driven Reinsurance Solutions in UAE

Abu dhabi: RIQ and Swiss Re have signed a Memorandum of Understanding to advance innovative capacity solutions, risk origination opportunities, and AI-enabled capabilities across the UAE region. Headquartered in the Abu Dhabi Global Market (ADGM), RIQ is building an AI-native reinsurance platform that integrates artificial intelligence and advanced analytics to improve underwriting accuracy, capacity deployment, … Read more

ADYBC and Hub71 Collaborate to Enhance Youth-Led Startups in Abu Dhabi

Abu dhabi: The Abu Dhabi Youth Business Council (ADYBC), affiliated with the Abu Dhabi Chamber of Commerce and Industry, has entered into a strategic cooperation agreement with Hub71, Abu Dhabi’s global tech ecosystem, during Abu Dhabi Finance Week (ADFW). This collaboration aims to enhance opportunities for young entrepreneurs and integrate them more deeply into the … Read more

$200 Billion Investment Needed to Boost Middle East Gas Sector, Say Industry Leaders

Dubai: The regional natural gas sector requires $200 billion of investment in the next four years to increase production by 30% to meet rapidly growing demand for power, industry executives attending the Middle East Gas Conference in Dubai said on Wednesday. According to Emirates News Agency, more than 150 executives from energy producers gathered to … Read more

UAE Cuts Benchmark Interest Rate to 3.65%

Abu dhabi: The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 3.90% to 3.65%, effective from Thursday, 11 December. This move aligns with changes in monetary policy following the recent actions of the US Federal Reserve. According to … Read more

ADX Group Welcomes Global Brokerage Platform Interactive Brokers On Board

Abu dhabi: The Abu Dhabi Securities Exchange (ADX) Group welcomed Interactive Brokers (Nasdaq: IBKR), one of the world’s leading global electronic brokers, as its latest online broker partner. This partnership will enable more investors worldwide to access growth opportunities in Abu Dhabi and build diversified portfolios across asset classes and geographies. According to Emirates News … Read more