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Temasek-backed fund amasses $10b for global foray

  Bloomberg 74-year-old Ng Kok Song has built one of Singapore’s fastest-growing investment companies with plans to make it a global player. Avanda Investment Management’s assets have more than doubled to around $10 billion since it was co-founded by Ng in mid-2015 — soon after he retired from sovereign wealth giant GIC as its chief investment officer following a 42-year ...

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Dubai summit set to unlock mega food security potential

  DUBAI / WAM A new wave of business opportunities spanning the global food ecosystem will be unlocked at the ground-breaking Food For Future Summit and Global Agtech Expo later this month as the industry looks to address an impending agricultural shortfall that could fail to produce enough to feed the world’s anticipated 10 billion population by 2050. More than ...

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UAE, Germany discuss latest regional, global developments

DUBAI / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation in a phone call with Annalena Baerbock, the German Minister for Foreign Affairs, discussed the strategic relations between the two countries and joint cooperation in all fields. The two sides also tackled a number of issues of common concern and the latest ...

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Sharjah, Cuba to boost economic cooperation

  SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI) has discussed with its Cuban counterpart enhancing joint work to develop commercial activity and areas of economic cooperation between them. The two sides also explored available investment opportunities while highlighting the importance of strengthening communication mechanisms to organise mutual visits of business owners, missions and trade delegations. This ...

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G42 Cloud, Serbia to develop AI, cloud computing solutions

  Dubai / WAM G42 Cloud, a subsidiary of G42, the leading UAE-based AI and cloud computing company, and the Office for Information Technologies and eGovernment of the Government of the Republic of Serbia signed a memorandum of understanding (MoU) as part of Expo 2020 Dubai. The new agreement will see both parties progress the joint development of artificial intelligence ...

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UAE’s F&B imports from LatAm hit $1.9b in 2020

  DUBAI / WAM The UAE’s food and beverage imports from Latin America (LatAm) reached $1.9 billion in 2020 as the Gulf country expanded its efforts to enhance food security, new analysis from the Dubai Chamber of Commerce has revealed. The findings, released on the sidelines of Gulfood 2022, will be discussed in further detail at the 4th Global Business ...

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Dubai imports 8 million tonnes of food in 2021

DUBAI / WAM Dubai has imported eight million tons of food during 2021 and re-exported 6.277 million shipments through all its ports, a Dubai Municipality press release said on Thursday. Dubai also issued 78,812 food export health certificates, while the quantity of food exported last year amounted to 3.272 tons to 157 countries after verifying their safety and compliance with ...

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Adnoc awards AED7.1bn deals for drilling growth

  Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc) on Thursday announced framework agreement awards valued at $1.94 billion (AED 7.1 billion) to enable drilling growth. The awards build on Adnoc’s recent record investments in drilling-related equipment and services and support its strategy to boost crude oil production capacity to 5 million barrels per day (mmbpd) by 2030 ...

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UAE’s F&B imports from LatAm hit $1.9bn in 2020

  Dubai / WAM The UAE’s food and beverage imports from Latin America (LatAm) reached $1.9 billion in 2020 as the Gulf country expanded its efforts to enhance food security, new analysis from the Dubai Chamber of Commerce has revealed. The findings, released on the sidelines of Gulfood 2022, will be discussed in further detail at the 4th Global Business ...

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UAE and Jamaica sign pact on cybersecurity

  ABU DHABI / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, attended the signing of a memorandum of understanding (MoU) on cybersecurity between the UAE and Jamaica at Expo 2020 Dubai. The MoU was signed by Dr Kamina Johnson-Smith, Minister of Foreign Affairs and Foreign Trade of Jamaica, and Dr Mohamed ...

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