News

  Abu Dhabi / WAM Aldar Properties (Aldar) and Mubadala Investment Company (Mubadala), an Abu Dhabi sovereign investor, have partnered to acquire Al Maryah Tower, a prime Grade A commercial office property located on Al Maryah Island, Abu Dhabi’s premium lifestyle destination and international financial centre. The transaction reflects Mubadala’s collaborative approach to driving the growth of Abu Dhabi’s real ...

  Abu Dhabi / WAM GPRC Summit 2023 will host discussions on Governance, Risk and Compliance (GRC), integrated with performance and strategy. GPRC Summit 2023, organised by Ejtemaat Events and hosted by Corporater – a global software company that enables organisations worldwide to manage their business with integrated GPRC (Governance, Performance, Risk and Compliance) solutions – will bring together GRC ...

  Abu Dhabi / WAM Adnoc Drilling Company PJSC (Adnoc Drilling) on Wednesday announced that it has signed an agreement to acquire an additional two premium high-specification Gusto MSC CJ46-X100-D design offshore jack-up drilling units. The rigs have a combined cost of $200 million. The acquisition is part of the company’s fleet expansion and growth strategy that is a key ...

    Dubai / WAM The Dubai Foundation for Women and Children (DFWAC) has launched “mobile rehabilitation services” initiative to offer mobile services through home, school, and business visits by the care and rehabilitation department, to ease customer access to the foundation’s services. The initiative will help women and children who have fallen victims to domestic abuse or human trafficking, ...

Dubai / WAM A new AI-powered mobile application for detecting crop disorders was unveiled by Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, during a ceremony at the headquarters of the International Center for Biosaline Agriculture (ICBA). Called Dr Nabat, the application is a result of collaboration between ICBA and the University of Barcelona, Spain, under a ...

  Sharjah / WAM Ambassador of Pakistan in the UAE Faisal Niaz Tirmizi has highlighted friendly economic policies, investment opportunities and ease of doing business in Pakistan. This came during his meeting with Abdullah Sultan Al Owais, Chairman of Sharjah Chamber of Commerce and Industry and Expo Center Sharjah. Ambassador Tirmizi invited the chamber’s investment in hospitality and tourism sectors ...

  Dubai / WAM In line with Dubai’s drive to become the world’s smart mobility hub, Dubai South on Wednesday signed a memorandum of understanding (MoU) with Evocargo for the launch of the UAE’s first autonomous vehicle trials for cargo at the master development’s Logistics District. The trials will see EVO.1, Evocargo’s unmanned electric logistics vehicle, navigate Dubai South’s Logistics ...

  Bloomberg China seems to be embracing a fast and explosive Covid reopening, a risky approach that’s worrying observers given the vast country’s vulnerabilities. Since embarking on a landmark shift away from its zero-tolerance policy just a week ago, China has dismantled most of its internal restrictions, casting aside the stringent playbook used to eliminate the virus for the past ...

  Bloomberg Mahindra & Mahindra Ltd plans to invest 100 billion rupees ($1.2 billion) in a plant to make electric sports utility vehicles, a significant shift for a company that has been heavily reliant on gas-powered cars. Mahindra will invest the funds over eight years to build the factory in Pune, western India, according to an exchange filing. It will ...

  Bloomberg Sony Group Corp led a big jump in video-game hardware sales in the US last month, in the latest sign of improving PlayStation 5 supply. The Tokyo-based entertainment giant drove a 45% spurt in US games hardware sales to $1.3 billion in November, according to the NPD Group. Back home in Japan, the company’s in-demand console can now ...