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Abu Dhabi / Gulf Time The Future Forum for Arab Investments (FF2020AI) announced the awarding of the Emirati businessman and founder of the Arabian Gulf Investments Group in Abu Dhabi, Khalifa Saif Al Muhairbi, the title of the Arab Real Estate Developer in the Middle East and North Africa for the second year in a row, in recognition of his ...

Dubai Integrated Economic Zones Authority (DIEZ), announced on Sunday a collaboration with DP World to support the Tumoohi Initiative. This falls in line with its ongoing commitment to empowering young Emirati competencies and preparing the next generation of leaders in the logistics and trade sectors. Tumoohi is a recognised training programme initiative by DP World, designed to boost the careers ...

Sharjah / WAM His Highness Sheikh Dr. Sultan bin Mohammad Al Qasimi, Supreme Council Member and Ruler of Sharjah and Founder of University of Sharjah (UoS), attended, in the presence of Sheikh Sultan bin Ahmed Al Qasimi, Deputy Ruler of Sharjah and President of the UoS, the University’s celebrations of its silver jubilee in front of the main campus. His ...

Liam Denning In between dabbling in geopolitics and buying-rejecting-not-really-buying Twitter, Elon Musk runs a car company. Tesla Inc. reported results that were somehow simultaneously great and yet humdrum. Revenue jumped 56% versus a year ago, but missed expectations by 3%; the stock fell slightly after hours on Wednesday. Such is the flip-side of high expectations. Musk appeared on the call ...

Faye Flam Researchers at Boston University sparked alarming headlines this week by creating a more lethal version of the omicron Covid variant. At the heart of the uproar is the fact that the researchers didn’t have any obligation to inform anyone beyond an internal review board about what they were doing. Some officials at the National Institutes of Health only ...

ABU DHABI / WAM The fifth edition of Culture Summit Abu Dhabi, a global cultural forum, will welcome more than 180 cultural leaders from around the world at Manarat Al Saadiyat from October 23-25. Under the theme ‘A Living Culture’, the global event is set to explore the future of the culture sector and discuss creative solutions to some of ...

Dubai / WAM Today, the UAE leads global efforts in clean and renewable energy through its strategies and investments in this field. In 2021, the UAE announced the UAE Net Zero by 2050 Strategic Initiative, with investments of more than AED600 billion in clean and renewable energy until 2050. This makes it the first country in the Middle East and ...

Sharjah / WAM Arada has successfully closed a $100 million tap of its existing $350 million sukuk, which was issued in June and listed on the London Stock Exchange. The tap was priced at 99 cents on the dollar, with an investor yield of 8.386%. Arada’s existing five-year fixed rate RegS debut sukuk issuance was rated BB- by Fitch and ...

Bloomberg European Union (EU) governments have pledged more than 550 billion euros ($536 billion) to protect citizens and businesses from soaring energy costs over the past year, highlighting the enormous fiscal burden the bloc’s leaders face as they jostle over how to pay for it. That figure climbs to 710 billion euros when support for utilities via loans, bailouts and ...

Bloomberg The race to be Britain’s next prime minister will be mostly conducted behind closed doors, as contenders embark on a frantic weekend of lobbying Conservative lawmakers to get onto Monday’s party ballot. Liz Truss’s dramatic resignation on Thursday triggered a leadership contest that, coming so soon after the bitter one that put her into 10 Downing Street, is likely ...