ABU DHABI / WAM Ali Al Hashemi, CEO of Yahsat Group, has announced that the company expects to allocate over $100 million this year for capital expenditures as part of the “T4-NGS” satellite programme. The programme, the next-generation telecommunications system for Thuraya, is scheduled to begin operational service in H1 2025 with a total cost of up to $550 million, ...

VANCOUVER / CANADA / WAM A delegation from the UAE is participating with observer status in the plenary of the Asia/Pacific Group (APG) on Money Laundering, a Financial Action Task Force-Style regional body (FSRB), taking place this week in Vancouver, Canada. The UAE is the first Arab country to be granted observer status at the APG. Ahmed Ali Al Sayegh, ...

TAN TAN / WAM Various Moroccan media outlets lauded the UAE’s participation in the Tan Tan Moussem 2023. The festival is part of the United Nations Educational, Scientific and Cultural Organisation (Unesco) World Cultural and Heritage Forum held in the Tan Tan region of Morocco. The Moroccan media confirmed that the UAE pavilion, which showcases Emirati culture and heritage, was ...

GUANGDONG / WAM A delegation led by Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa), has met with senior officials from Huawei in China, and discussed enhancing cooperation and exchanging experiences in energy storage, smart grids, digital transformation, cloud computing, and electric vehicle charging station. During his visit to the headquarters of Huawei, a ...

ABU DHABI / WAM Burjeel Holdings has partnered with BridgeBio Pharma, a commercial-stage biopharmaceutical firm focussed on genetic diseases and cancers, to launch a new project to revolutionise the field of early diagnosis and treatment of rare diseases or disorders in the UAE and the region. The two entities signed a preliminary, non-binding collaboration agreement establishing a mutual intention to ...

DUBAI / WAM Dubai Chambers is taking a big step towards ensuring that businesses in the emirate provide excellent customer service. The Service Excellence Programme (SEP) will evaluate the quality of customer experience delivered by private sector companies through mystery shopper reports. The initiative marks another significant milestone that advances the chambers’ role in supporting Dubai’s drive to achieve excellence ...

ABU DHABI / WAM Multiply Group, an Abu Dhabi-based investment holding company, is acquiring a minority interest in Breakwater Energy for AED367 million ($100 million). This investment comes under Multiply+, the group’s sector-agnostic arm that is more opportunistic in nature. Through this acquisition, Multiply Group will become part owner of a highly profitable and cash-generative, diversified global upstream portfolio with ...

KUWAIT / WAM Dr Matar Hamed Al Neyadi, UAE ambassador to Kuwait, met with Sheikh Ahmed Fahad Al Sabah, Deputy Prime Minister and Minister of Defense of the State of Kuwait, wherein they discussed the distinguished relations between the two countries and ways to develop cooperation. During the meeting, Al Neyadi, accompanied by Colonel Mohammed Al Muhairi, Military Attaché of ...

SHARJAH / WAM In implementation of the directives of HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, to expand Al Tarif Park in Kalba, the Department of Town Planning and Survey in Sharjah has begun to take the necessary measures to implement the directive. The park’s size will increase to more than 27,000 ...

SHARJAH / WAM Sharjah Book Authority (SBA) has begun accepting applications for the 2023 edition of the prestigious Sharjah International Book Fair (SIBF) Awards, which features five main categories, including the prestigious ‘Turjuman’ Award and nine associated accolades. These awards are designed to honour the outstanding achievements of writers, intellectuals and publishers, as well as local talents whose writing and ...