News

  Bloomberg Deutsche Telekom AG paid $2.4 billion to SoftBank Group Corp. to increase its stake in T-Mobile US Inc., taking it closer to its goal of holding a majority of the US division. The Bonn-based telecommunications company now holds 48.4% of the company after buying 21.2 million shares at an average price of $113 per T-Mobile share.

New York / WAM The United Arab Emirates has called for continued commitment from the United Nations Security Council to close the stark Covid-19 vaccination gap around the world. Sarah bint Yousif Al Amiri, Minister of State for Advanced Technology, delivered the UAE’s statement at a council meeting on the implementation of two resolutions that call for international cooperation and ...

  ABU DHABI / WAM The United Arab Emirates expressed its sincere condolences and solidarity with the brotherly Republic of Philippines over the victims of landslides and floods caused by the tropical storm that hit several areas of the Philippines this year, killing and injuring dozens. In a statement on Tuesday, the Ministry of Foreign Affairs and International Cooperation (MoFAIC) ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) started trading on the Dubai Financial Market (DFM) on Tuesday under the ticker symbol “Dewa”. After pricing its shares last week at AED2.48 per share, Dewa opened the day’s trading as the largest company on the DFM, with a market capitalisation of AED124 billion ($33.8 billion). Dewa sold 9 billion ...

  Abu Dhabi / WAM The Abu Dhabi Chamber of Commerce and Industry (ADCCI) and the Embassy of Rwanda in Abu Dhabi have discussed trade cooperation and economic partnerships between businesses in both countries. This came during the visit of the ambassador of Rwanda to UAE, Emmanuel Hategeka and the accompanying delegation to the chamber, where they were received by ...

Abu Dhabi / WAM Dr Abdulrahman bin Abdullah Al Hamidy, Director-General and Chairman of the Board of Executive Directors of the Arab Monetary Fund (AMF), has said that the Buna Payment Platform is the first Arab regional payment system that complies with universal standards. The platform allows payments in six currencies, including in four Arab currencies, the Emirati dirham (AED), ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) and Abu Dhabi Transmission and Despatch Company (Transco), a subsidiary of Abu Dhabi National Energy Company (Taqa Group), will install three interconnections that can transfer 117 MIGD to different areas in Abu Dhabi and Dubai, supporting reliable water supplies to customers across the nation. The move reinforces a shared national ...

Abu Dhabi / WAM ADQ, an Abu Dhabi-based investment and holding company, and Chimera Investments, an Abu Dhabi-based private investment firm managing a diversified portfolio of listed and unlisted equities on both local and international markets, announced on Tuesday they have established ADC Acquisition Corporation PJSC (ADC), the UAE’s first Special Purpose Acquisition Company (SPAC). ADC plans to raise AED367 ...

  Dubai / Gulf Time Dubai Chamber of Commerce has released a new report highlighting its key CSR achievements in 2021, as well as the outcome and impact of campaigns, initiatives, events and activities it organised during the year, which relate to community, environment, workplace and marketplace. In 2021, Dubai Chamber of Commerce organised a Sustainability Week campaign on celebrating ...

  Abu Dhabi / WAM The Department of Health – Abu Dhabi joined forces with “Accelerating Change Together (ACT) for Cancer Care”, a global coalition which seeks to revolutionise how cancer is being diagnosed and treated for better patient outcomes and more resilient healthcare systems. Along with Abu Dhabi based entities and AstraZeneca, ACT aims to accelerate change for equity ...