News

President Jair Bolsonaro’s momentum in opinion polls seemed to stall after a series of blunders and incidents over the past few days, including the arrest of one of his most outspoken supporters —an episode that turned violent and shook Brazilians ahead of Sunday’s presidential runoff. Leftist challenger Luiz Inacio Lula da Silva, 76, would take 54% of valid votes, which ...

President Joe Biden’s advisers are working on setting up a meeting with Xi Jinping and maintaining a dialogue after the Chinese president emerged from the Communist Party congress last week with a tighter grip on the country, a White House spokesman said. John Kirby, a spokesman for Biden’s National Security Council, said the US would have no official comment on ...

Six Palestinians were killed in the West Bank overnight, and more than 30 were injured, in an Israeli military operation. The operation against the Lion’s Den group, which the military says was planning a number of attacks against Israelis, was the deadliest night of violence in the West Bank and Jerusalem since the start of the year. It comes a ...

Ukraine’s allies are increasingly concerned that desperation in the Kremlin over an unrelenting string of battlefield failures may lead Russia to escalate its war, possibly using a massive attack on a target like a dam or even a weapon of mass destruction. For the moment, there’s no sign Moscow is actually making preparations for such a strike, even as it ...

Abu Dhabi / WAM International Holding Company (IHC) is scaling up its information technology businesses, as part of its long-term strategy to grow its capacity in the tech industry across different sectors. Accelerating the growth of its tech businesses portfolio, IHC has increased its technology deals by 100% compared to last year, crossing AED1 billion in the first 10 months. ...

Abu Dhabi / WAM The Abu Dhabi Commercial Bank PJSC (ADCB) on Monday reported its financial results for the third quarter of 2022 (Q3 2022). Solid earnings growth as UAE economy remains resilient against challenging global backdrop. During Q3 2022 and compared to Q3 2021, the bank recorded a net profit of AED1.591 billion, an increase of 25%, a net ...

Abu Dhabi / WAM Mubadala Investment Company (Mubadala) and KKR, a leading global investment firm, on Monday signed a strategic partnership that will see the two firms co-investing across performing private credit opportunities in the Asia Pacific (APAC) region. The partnership aims to deploy at least AED3.67 billion ($1 billion) of long-term capital, providing bespoke credit solutions to companies and sponsors. ...

Abu Dhabi / WAM The UAE is the latest member state to join the Schools Meals Coalition (SMC), coming off the back of the ministerial meeting in Helsinki. The unfolding food crisis and resulting rise in food insecurity is leading to the new urgency to expand the coalition in all countries and to ensure that every child has the opportunity ...

Abu Dhabi / WAM The UAE Pakistan Assistance Programme (UAE PAP) has announced the results of the UAE Polio Vaccination Campaign carried out in Pakistan from 2014 to the end of September, highlighting that the campaign succeeded in administering 647,758,365 doses of vaccination against polio in nine years in Pakistan. The move follows the directives of President His Highness Sheikh ...

Dubai / WAM Emirates Central Cooling Systems Corporation (Empower) on Monday announced its intention to proceed with an initial public offering (IPO) and to list a portion of its ordinary shares for trading on the Dubai Financial Market (DFM). In a press conference, Empower said that one billion (1,000,000,000) shares, each with a nominal value of AED0.10 (ten fils) will ...