News

  Abu Dhabi / WAM President HH Sheikh Mohamed bin Zayed Al Nahyan has ordered the provision of additional humanitarian relief aid worth $100 million to Ukrainian civilians affected by the Ukraine crisis. Reem bint Ebrahim Al Hashimy, Minister of State for International Cooperation, underscored that the additional aid stems from the belief of His Highness Sheikh Mohamed in the ...

  PITTSBURGH / WAM Mubadala Capital, the global asset management firm and a wholly owned subsidiary of Mubadala Investment Company, on Tuesday announced that it has acquired AOG, LLC d/b/a TruFood Manufacturing (TruFood), in partnership with management. TruFood, a leading snack food contract manufacturer in several categories, is being acquired from funds affiliated with AUA Private Equity Partners, LLC. Financial ...

Abu Dhabi / WAM Emerge, a joint venture between Masdar and EDF, and Khazna Data Centres, the largest network of hyperscale data centres in the Middle East and North Africa region, signed an agreement to develop a ground-mounted solar photovoltaic (PV) plant to power Khazna’s new data centre in Masdar City. The plant, which has obtained Abu Dhabi’s Department of ...

  Abu Dhabi / WAM Emirates Development Bank (EDB) held its board meeting to review its results for the period ending September 30. The board discussed the progress being made in executing the bank’s strategy, which aims to support and empower the implementation of the UAE’s industrial development strategy, facilitate the adoption of advanced technology, empower the growth of SMEs, ...

  Abu Dhabi / WAM Abu Dhabi has won the bid to host the IDA World Congress 2024, which is organised by the International Desalination Association. The congress is considered the largest-of-its-kind in the world and brings together water and desalination sector leaders, senior officials, and international experts. The announcement was made during the current edition of the IDA World ...

  ABU DHABI / WAM The UAE has expressed support for the statement by the Ministry of Foreign Affairs of the Kingdom of Saudi Arabia regarding reviewing the status of oil markets and reducing production, noting that the decision was collective and based on the vote of Opec+. In a statement, the Ministry of Foreign Affairs and International Cooperation (MoFAIC) ...

  Abu Dhabi / WAM Procurement spend of Emirates Global Aluminium (EGA) totalled over AED17 billion in 2021, with 46 percent supplied by local companies. EGA’s largest expenditures are on raw materials. Last year, EGA joined the Ministry of Industry & Advanced Technology’s In-Country Value programme, which aims to redirect public and private procurement of products and services to the ...

  Dubai / WAM Dubai Future Foundation (DFF) has announced that the second edition of the Dubai Future Forum will take place from November 27-28, 2023 at The Museum of the Future, following the success of the inaugural forum earlier this month. Khalfan Belhoul, CEO of DFF, said, “The second edition of the Dubai Future Forum will include a broader ...

  Dubai / WAM The Dubai Business Women Council (DBWC) has officially launched the 5th edition of its Mentorship Programme, one of its trailblazing initiatives designed to strengthen Dubai’s reputation as a preferred destination for talented entrepreneurs and an incubator of major economic projects. The six-month edition was launched during a briefing session held recently to bring mentees together with ...

  Dubai / WAM Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (Dewa), inaugurated Dewa’s Ground Station at the Research and Development (R&D) Centre in the Mohammed bin Rashid Al Maktoum Solar Park. The independent ground station, which is part of Dewa’s Space-D programme, is capable of tracking and communicating with Dewas satellites at their ...