Bloomberg Bitcoin plunged along with other cryptocurrencies, in another indication of the risk aversion sweeping across financial markets. The largest digital token falls as low as $42,296 before paring some of the tumble. It was trading at about $48,300 as of 10:31 am in New York, a drop of about 10%. The token has now declined more than 20% from ...

Abu Dhabi / WAM The Global Volunteering Leadership Summit, hosted and organised by the Emirates Foundation in association with the International Association for Volunteer Effort (IAVE) and in collaboration with the Department of Community Development, discussed why volunteering matters for the post-Covid world. It also discussed the volunteers’ pivotal role in weaving a strong social fabric within communities. The Adnoc ...

Abu Dhabi / WAM During the official state visit of the President of the French Republic Emmanuel Macron to the UAE, Abu Dhabi-based sovereign investor, Mubadala Investment Company (Mubadala), announced the signing of two agreements aimed at facilitating investments in sectors of mutual priority and interest in France. These two agreements are part of comprehensive economic agreements valued at more ...

Dubai / WAM The Ministry of Climate Change and Environment (MOCCAE) signed a memorandum of understanding (MoU) with the French Ministry of Agriculture and Food to collaborate on developing sustainable and resilient food systems that enhances food security for both countries. Signing the MoU coincided with the visit of the French President Emmanuel Macron to the UAE. Mariam bint Mohammed ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has received a phone call from President of Israel, Isaac Herzog, who congratulated His Highness on the UAE’s Golden Jubilee. Herzog wished the UAE leadership and people further progress and prosperity, expressing hope the ...

Bloomberg The International Monetary Fund (IMF) sees ‘downside risks’ to the global economic rebound it forecast for this year and next, and is concerned that new coronavirus variants may hinder the recovery, its chief economist said. “Most of the overall risks are to the downside,” Gita Gopinath said in a virtual speech to an International Finance Forum conference in Guangzhou ...

Dubai / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa), has inaugurated the “Noor Energy 1 Visitors Centre” in the fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park. The 950-megawatt (MW) phase has investments totalling AED15.78 billion based on the Independent Power Producer (IPP) model. Mohammad Abunayyan, Chairman of ACWA ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 185,406 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. As ...

Abu Dhabi / WAM The Department of Community Development (DCD) in Abu Dhabi celebrates the 36th annual International Volunteer Day, a United Nations resolution that recognises the importance of volunteering in making a vital societal impact and celebrating the spirit of volunteerism. Mohammed Helal Al Blooshi, Executive Director of the Office of Strategic Affairs at the DCD, said, “The Department ...

Dubai / WAM An analysis released by Dubai Chamber highlights the vital role that countries from the Association of South East Asian Nations (Asean) can play in enhancing the UAE’s food security. The release of the analysis comes ahead of the first-ever Global Business Forum (GBF) Asean, organised by Dubai Chamber in partnership with Expo Dubai at Expo 2020 Dubai. ...