Europe

UAE, French Presidents witness signing of UAE-France Framework for Cooperation in Artificial Intelligence in Paris

The two leaders emphasized a strategic AI partnership, focusing on collaboration, investment, and Virtual Data Embassies

Bank of England cuts interest rates to 4.5 percent, lowest since 18 months

This decision follows December's unexpected inflation drop from 2.6 percent to 2.5 percent

South Korea latest country to block DeepSeek access in government ministries amid security concerns

The government also advised ministries to exercise caution when using AI services like ChatGPT

Qatar sees 190,000+ cruise passengers in early 2024/2025 season

Germany led with 30.2 percent of arrivals, followed by Russia at 10.8 percent and Italy at 9.2 percent.

What Trump’s sovereign wealth fund means for TikTok

Trump proposed a sovereign wealth fund to address American security and user privacy concerns

Trump’s tariff policies explained: EU next in line following Canada, Mexico and China

When asked about the UK, the US president said that trade issues with the UK could be worked out

Dubai International Chamber attracts 51 multinational companies in 2024, 55 percent growth achieved

The chamber participated in 127 global events in 78 cities across 50 countries

Markets surge after ECB cuts interest rates for fifth time to 2.75 percent

Eurozone stagnation due to industrial recession leads ECB to continue its easing trajectory

DeepSeek under fire in Europe as Ireland and Italy investigate data handling

Both regulators united against China’s AI chatbot over data protection issues

UAE gold prices gain AED0.25, global rates rise ahead of key U.S. inflation data

Fed signaled no rush in lowering borrowing costs until inflation and jobs data made it appropriate to begin another easing cycle

Estonia reaches 100 percent digital government services as UAE aims for 2,000 bureaucratic cuts

Both nations are dedicated to advancing digital transformation and enhancing services for citizens

NEOM secures $3 billion financing facility with Italy’s SACE to support key projects

Deal marks NEOM's first corporate ECA financing and the largest untied financing ever guaranteed by SACE