The Bank of Japan has introduced a negative interest rate in a surprise move. The benchmark rate of -0.1% means that the central bank will charge commercial banks 0.1% on some of their deposits. It's hoped the moves will encourage banks to lend, and counter the ongoing economic slump in the world's third-largest economy. Investors cheered the surprise stimulus as Japan's share prices rose 476.85 points to close at 17,518.30 points at the Tokyo Stock Exchange, after the plans were unveiled.
ADNOC, Gecko Robotics sign deals to accelerate AI, robotics, skills training
ADNOC and Gecko Robotics have expanded their strategic partnership with three new agreements to explore deploying robotics and artificial intelligence (AI) across ADNOC’s operations and boosting future skills training for UAE nationals.
ADIPEC 2025 kicks off in Abu Dhabi with record global presence
ADIPEC 2025 has kicked off on Monday at ADNEC Centre Abu Dhabi, bringing together leading figures from the global energy sector.
Maktoum bin Mohammed chairs Board meeting of Federal Tax Authority
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, and Chairman of the Board of the Federal Tax Authority (FTA), chaired the latest FTA Board meeting, during which he reviewed development projects.
UAE’s first AI-designed business complex launched in Sharjah
Al Marwan Developments has launched its pioneering project, “District 11”, the UAE’s first smart work resort designed using artificial intelligence, setting a new benchmark for urban innovation and economic vitality in Sharjah and the wider UAE.
ADNEC Group to host two of world’s largest events simultaneously in Abu Dhabi, London
ADNEC Group is set to demonstrate its international prowess by simultaneously hosting two of the world’s largest events at Excel London and ADNEC Centre Abu Dhabi from November 3-6.
The Emirates Lunar Mission’s Rashid Rover 2 has completed its development and testing in the UAE and is now on its way to the United States for launch preparations.
The UAE has expressed its solidarity with Afghanistan after a 6.3 magnitude earthquake struck Mazar-e Sharif city in the northern region, killing at least 20 people and leaving hundreds injured.
The UAE has offered its sincere condolences and solidarity with Kenya over landslides caused by heavy rainfall in the west of the country that resulted in the deaths of at least 26 people.
