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. ...
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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 ...
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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. ...
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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 ...
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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 ...
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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 ...
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Dubai / Gulf Time The world’s only contest for IoT solutions IoT project of the year was held for the third time and named 12 best projects over the last 12 months. The companies that won managed to create the most functional solutions, implement non-standard ideas using telematics and IoT technologies in different industries. These projects were implemented globally, from ...
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James Stavridis This week, the North Atlantic Treaty Organization started a round of exercises of its nuclear capabilities in Western Europe, centered in Belgium and the UK. This comes at a particularly fraught moment in Nato-Russian relations, to say the least, given President Vladimir Putin’s frequent rattling of the nuclear saber over the past six months. Russia is “not bluffing†...
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America’s closest allies are nervously watching US midterm elections for any signals that voters could return Donald Trump to the White House in two years, with foreign officials fanning out to battleground states for meetings to collect information that might help avoid a 2016-like shock. Officials from Europe and Asia are flying from their home countries to augment the traditional ...
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The two Koreas fired warning shots at each near a nautical border after Seoul said a merchant vessel from its neighbor crossed the line, adding to a recent series of provocations along one of the world’s most militarized boundaries. South Korea’s military said it fired warning shots after the North Korean vessel violated the western sea border at 3:42 a.m. ...
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