News

ABU DHABI/WAM Emirates Global Aluminium (EGA) on Thursday announced its intention to acquire 80 percent of the American aluminium recycling firm Spectro Alloys Corporation. The current owner-managers will retain a 20 percent shareholding. EGA and Spectro Alloys have signed an equity purchase agreement and the transaction is expected to close during the third quarter of 2024. The acquisition, which is ...

ABU DHABI/WAM AD Ports Group has issued a white paper titled “Digitalisation for Enhanced Efficiency: Leveraging Data for Smart Ports” as a valuable resource for understanding the dynamics of digital transformation in the maritime sector and its critical role in enhancing global trade efficiency. Presented in the white paper is an in-depth analysis of the transformative impact of digital technologies ...

ABU DHABI/WAM Abu Dhabi National Energy Company (TAQA) and JERA, Japan’s largest power generation company, today announced the financial closing of Najim Cogeneration Company Limited, a new industrial steam and electricity cogeneration plant that will produce electricity and steam for a petrochemical complex located in Jubail in the Eastern Province of the Kingdom of Saudi Arabia. The new cogeneration plant ...

DUBAI/WAM  Dubai Charity Association has implemented urgent relief assistance to those affected by floods resulting from heavy rains in Mali and Niger, including a package of foodstuffs, a medical convoy to treat malaria, and the construction of huts. The aid has benefited affected families in the town of Bla in the Ségou region of Mali and the village of Shentberdine ...

SHARJAH/WAM H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has ordered the allocation of a 500-metre beach for women in Al Luluyah area of Khorfakkan, providing them with complete privacy. The project will include a service building that includes a cafe, a medical clinic and a prayer room for women. His Highness the ...

ABU DHABI/WAM The Authority of Social Contribution – Ma’an has announced its latest Social Incubator programme in partnership with startAD, the startup accelerator powered by Tamkeen and anchored at NYU Abu Dhabi. Following a successful 9th cohort earlier this year, the theme for this edition will mirror ‘Entrepreneurship for Social Impact’. The Ma’an Social Incubator is designed to support the ...

ABU DHABI/WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, today visited Sheikh Mohammed bin Butti Al Hamed at his home in Abu Dhabi. His Highness Sheikh Mansour bin Zayed inquired about the health of Sheikh Mohammed bin Butti and wished him continued good health and a long life. ...

ABU DHABI/WAM Mubadala Investment Company today announced its investment in Yondr Group, a leading global hyperscale data centre developer, alongside Apollo via an existing investment from Apollo-managed funds. Yondr, headquartered in London, is a global developer, owner, and operator of hyperscale data centres. The company provides scalable data centre infrastructure for major blue chip technology players and has a contracted ...

DUBAI/WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), welcomed Ou Boqian, Consul-General of the People’s Republic of China to Dubai and the Northern Emirates, to enhance collaboration in the energy and water sectors and review the promising investment opportunities in these sectors. The meeting discussed ways to strengthen collaboration and strategic partnerships between ...

ABU DHABI/WAM As part of its commitment to drive the UAE’s industrial sector, ADNOC has enabled the establishment of eight UAE-based and international industrial centres in less than a year under commercial agreements signed through its In-Country Value (ICV) programme. The industrial facilities have generated a combined value of more than AED700 million and created 800 job opportunities for UAE ...