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The second auction of Treasury bonds attracted 9.7 billion dirhams

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The second auction of Treasury bonds attracted 9.7 billion dirhams

Dubai: “Gulf”

The United Arab Emirates’ Ministry of Finance has announced the results of the second auction of Treasury bonds (“D-bonds”) denominated in United Arab Emirates Dirhams as part of the Treasury Bond Issue for 2022. Bonds calendar at the beginning of this year.
The ministry, which is co-issuing and issuing payments as Emirates Central Bank, saw strong demand from six major distributors in the second auction of the Treasury securities program for bids worth $ 9.7 billion. Dirhams were received, and the subscription amount was 6.5 times higher. Demand was strong in two installments, with the final allocation for two-year bonds at 750 million dirhams and 3-year bonds at 750 million dirhams, for a total of 1.5 billion dirhams. The success in market-driven premium rates reflected the spread of 27 basis points across the U.S. Treasury over two years. Re-issue (“re-opening”) was implemented in this auction to build the volume of personal bond issues with the aim of improving cash flow in the secondary market.
Treasury bonds in local currency form the yield curve specified in UAE dirhams and provide secure investment alternatives for investors, thus helping to increase the competitiveness of the local credit capital market, improve the investment environment and support a sustainable economy. Development.

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Emirates News Agency – Pension Board of Directors to hold sixth meeting for 2023

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Emirates News Agency – Pension Board of Directors to hold sixth meeting for 2023

ABU DHABI, September 27 / WAM / Mubarak Rashid Al Mansouri, Chairman of the Board of Directors of the Public Pensions and Social Security Authority, presided over the Sixth Council Meeting for the year 2023, which was held yesterday, Tuesday.

The meeting began by welcoming the Honorable Council members and thanked the Minister of State for Financial Affairs, Honorable Mohammed bin Hadi Al Husseini, for his continued efforts during his tenure as Chairman of the Council.

The Council approved the minutes of its previous meeting, approved the follow-up agenda of the administration to the decisions and recommendations of its previous meetings and also approved the decisions and recommendations made by its sub-committees. Apex Committee on Human Resources and Rewards, Investment Committee and Internal Audit and Risk Committee.

The Council discussed and approved the Commission’s financial statements for the first and second quarters of 2023. It reviewed the investment performance report up to 2023 and the executive summary of the authority’s corporate performance in the first half of 2023. topics on its agenda and take appropriate decisions regarding them.

The Authority’s figures for the month of August 2023 indicate an increase in the number of subscribers (111,735) compared to (89,329) for the same month last year. (11,865) companies also increased compared to (7,612) in August 2022.

As per August 2023 figures, the number of retirees has increased to (19,685) and the number of eligible persons has reached (8,458) as compared to the number of pensioners in August 2022 (18,752). , compared to approximately (8,499) eligible individuals for the same month of the year.

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In terms of insurance expenses, their value in August this year was (415,268,101) dirhams, which was approximately (455,467,005) dirhams in the same month last year.

Dina Omar

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Scientists: Artificial intelligence will not replace journalism

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Scientists: Artificial intelligence will not replace journalism

Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, said, “Artificial intelligence, no matter how advanced its technologies, will not completely replace the journalist in the future, but it will play an important role. In creating and disseminating content,” emphasizes the need to develop tools for global, individual and organizational preparation for a new era.

Scientists said during a session on “How artificial intelligence will affect the media personality” within the activities of the Arab Media Forum that by 2025, 90% of content will be created by artificial intelligence, as smart systems compete. Humans are involved in creating content, but human intervention is necessary to deliver content. Compliance with standards and regulations. He pointed out that the future will see a trend of media professionals creating and publishing their content through digital platforms, which provide ten times more reach than traditional channels, in addition to providing an exciting aspect of audience engagement. Serve as a facilitator to accelerate initiatives, analyze media data, and support creative ideas.

The media will see radical change in the way media professionals operate, he said, but the search for truth will be a fundamental skill that differentiates human elements from artificial intelligence, citing the most important variables affecting media content. “Instant Artificial Intelligence, Creating Images and Pictures, and Deep Fakes.”

Studies have confirmed a 66% increase in the use and experience of artificial intelligence applications in the UAE, and have demonstrated that artificial intelligence increases productivity by 50%.

The session saw a virtual conversation produced using artificial intelligence with the late author and poet Ghazi Al-Khosaybi, during which he discussed the most important challenges of media work in light of the development of artificial intelligence technologies.

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Emirates News Agency – Haifa Abu-Ghazaleh: We are counting on a lot at “COP28” to reach recommendations that will contribute to solving pressing environmental problems.

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Emirates News Agency – Haifa Abu-Ghazaleh: We are counting on a lot at “COP28” to reach recommendations that will contribute to solving pressing environmental problems.

Cairo, September 26 / WAM / Assistant Secretary-General for Social Affairs of the League of Arab States, Dr. Haifa Abu-Ghazaleh, confirmed that the “COP28” climate conference hosted by the United Arab Emirates is the biggest climate. events in the world, and for this reason we intend a lot to create the outcomes of the summit.

Abu Ghazaleh Emirates News Agency reports to WAM that the participation of the Arab region in the ongoing negotiations on how to deal with the crises resulting from climate change is by hosting the “COP27” climate summit in the city of Sharm el, Arab Republic of Egypt. -Sheikh last year, and hosted the United Arab Emirates’ “COP27” climate summit. COP28 “emphasizes the important role played by our Arab countries in the field of climate action this year and the world’s interest in the proposals and initiatives presented by Arab countries to combat the negative effects of climate change.”

He warned of the severity of these effects, which have a frequent and direct impact on citizens, and said that our Arab region is close to the negative effects of forest fires, droughts and floods. Global warming, water scarcity and food crises, the world must come together to solve them.

He noted that the UAE is witnessing a comprehensive growth renaissance in all sectors, especially in the environment and renewable energy sector, and we look forward to completing its active role in the Arab region.

On the occasion of the “COP28” summit, he pointed to the participation of the League of Arab States in activities held in collaboration with the General Women’s Association in the Emirates.

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WAM Correspondent – Egypt

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