St. Petersburg — ( AfricaNewswire.net ) -- Speaking at the Energy Panel of the St. Petersburg International Economic Forum 2026, Igor Sechin, Chief Executive Officer of Rosneft Oil Company and Executive Secretary of the Russian Presidential Commission for Strategic Development of the Fuel and Energy Sector and Environmental Safety, said that US energy companies have emerged as the principal beneficiaries of the recent tensions surrounding the Strait of Hormuz. Delivering his report titled “ The Beginning of the End or the End of the Beginning: What ’ s Left at the Bottom of Pandora ’ s Box?” , Sechin examined the shifting geopolitical landscape in the Middle East, the balance of power in global energy markets, and the long-term structural pressures facing the world economy. Hormuz crisis and global market disruption According to Sechin, the disruption in the Strait of Hormuz represents an attempt to reshape global energy market regulation in favor of US strategi...
DIFC AI Adoption Hits 52%: Governance Will Define the Next Decade of GCC Wealth Management, Says H Capital Limited’s CEO
Rising AI adoption in DIFC is creating new opportunities for innovation, efficiency, and growth across GCC wealth management. By Nasir Jamal Dubai, UAE — ( ARAB NEWSWIRE ) — Nasir Jamal, CEO of H Capital Limited, says the next decade of wealth management in the GCC will be defined not by who adopts AI fastest, but by who governs it best. The DFSA AI Survey 2025 found AI adoption among DIFC-authorised firms rose from 33% in 2024 to 52% in 2025, with Generative AI use up 166% year-on-year. The survey covered 661 firms across banking, capital markets, wealth and asset management, and fintech, with an 88% participation rate. The findings show a financial centre moving quickly into the next stage of AI use, and highlight the next priority: clearer accountability and stronger oversight. According to the survey, 21% of firms using AI still lack clear accountability, including where AI is linked to critical operations. “Th...