President His Highness Sheikh Mohamed bin Zayed Al Nahyan has issued a resolution toreconstitute the Artificial Intelligence and Advanced Technology Council (AIATC), chaired by His Highness Sheikh Tahnoon bin Zayed Al Nahyan.
The AIATC resolution sees His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan as Vice-Chairman.
Since January 2024 the AIATC has been regulating, implementing, and developing policies and strategies related to AI and advanced technologies in Abu Dhabi.
The resolution also appointed Khaldoon Khalifa Al Mubarak, Dr. Ahmed Mubarak bin Nawi Al Mazrouei, Dr. Sultan Ahmed Al Jaber, Jassem Mohamed Bu Ataba Al Zaabi, Mohamed Hassan Al Suwaidi, Faisal Abdulaziz Al Bannai, and Mr. Peng Xiao as members of AIATC.
The council plays a vital role in positioning Abu Dhabi as a global leader in AI and advanced technology, fostering research, investments, and collaborations with local and international partners.
The World Bank projects the economic growth rate of Gulf countries will reach 3.4 per cent in 2025, rising to 4.1 per cent in 2026, compared to an expected 3.3 per cent growth rate for the Middle East and North Africa (MENA) region as a whole.
DP World is advancing with the development of its Sokhna Logistics Park, in Egypt. The $80 million (AED 293 million) state-of-the-art logistics hub, is set to enhance Egypt’s logistics infrastructure and position the country as a key regional trade hub.
Emirates, the world’s largest international airline, has signed an interline agreement with West Africa’s largest carrier, Air Peace, enhancing connectivity for passengers travelling to and from Nigeria.
Haitham Al Ghais, Secretary-General of OPEC, said investment needs in the oil sector will remain substantial to meet the expected growth in oil demand, with cumulative investment requirements estimated at $17.4 trillion between 2024 and 2050, or approximately $640 billion annually.