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  Abu Dhabi / WAM Mubadala Petroleum, the Abu Dhabi headquartered international energy company, has celebrated its tenth anniversary after emerging as an independent entity from Mubadala’s energy unit in 2012. Since then, the company has continued to grow and now spans eleven markets, employs over 500 people and is making a significant contribution to the energy transition through its ...

Bloomberg China urged Nato to abandon what it called a Cold War mentality after the military alliance said the Asian nation poses systemic challenges to security. Nato’s so-called Strategic Concept, a document on policy guidelines adopted at an alliance summit in Madrid on Wednesday, is “filled with Cold War thinking and ideological bias” and is “maliciously attacking and smearing China,” ...

  ABU DHABI / WAM With the support of His Highness Sheikh Saeed bin Zayed Al Nahyan, Abu Dhabi Ruler’s Representative, the Emirates Red Crescent (ERC) has provided humanitarian and food aid to over 150,000 refugees in Jordan, Bangladesh, Iraq’s Kurdistan Region, and Turkey. The ERC’s aid also included air conditioners sent to the UAE-Jordanian Camp for Syrian Refugees in ...

  Dubai / WAM Dubai Future Foundation (DFF) organised an event bringing together startups with venture capital firms to explore opportunities for collaboration and growth in the technology and digital economy sector. In line with DFF’s ongoing efforts to enhance Dubai’s position as a global hub for tech innovators and investors, the event was part of the “10×10” initiative launched ...

  WASHINGTON DC / WAM Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, concluded a two-day visit to Florida, which focused on expanding the bilateral UAE-US trade and commercial relationship. His trip to the “Sunshine State” builds on recent economic development missions to the UAE by local South Florida officials. Dr Al Zeyoudi met Broward County ...

  Bloomberg Investment returns from UK power network operators are set to be higher than analysts expected as the regulator unveiled a $25.5 billion budget for expanding the grid for the green-energy transition. Ofgem said it’s proposing tough efficiency targets for the networks, along with a reduction in their allowed rate of equity return to 4.75% from about 6%. While ...

Bloomberg Nato leaders formally invited Sweden and Finland to join the military alliance, paving the way for reshaping European defense by lengthening its border with Russia. “The accession of Finland and Sweden will make them safer, Nato stronger, and the Euro-Atlantic area more secure,” according to summit conclusions agreed by Nato leaders in Madrid after weeks of stalling by Turkey. ...

  Bloomberg The US merchandise-trade deficit narrowed in May to its smallest this year as exports rose to a record, suggesting a tailwind for economic growth in the second quarter. The shortfall shrank 2.2% to $104.3 billion last month, Commerce Department data showed. The figures, which aren’t adjusted for inflation, compared with a median estimate for a gap of $104.8 ...

Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan received on Tuesday Narendra Modi, Prime Minister of India. The Indian Prime Minister offered his condolences to the UAE President and people on the passing of Sheikh Khalifa bin Zayed Al Nahyan, recalling his generous humanitarian values and the progress witnessed in the Emirati-Indian ties at all ...

  Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, launched ‘Dubai Global’, an initiative to establish 50 integrated commercial representative offices for Dubai in five continents across the world during the next few years. The initiative aims to strengthen Dubai’s position as one of the ...