News

Mubadala, AD Gaming ink deal to develop esports ecosystem

  Abu Dhabi / WAM Mubadala Investment Company and Abu Dhabi Gaming (AD Gaming), signed a memorandum of understanding (MoU) to build a robust gaming and esports ecosystem in Abu Dhabi and the UAE. The agreement reflects the ambition of the two entities to support high-value products, creative industries and new technologies as part of Abu Dhabi’s diversification agenda. With ...

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UAE, Mexico bilateral trade up 38% in 5 years

  Abu Dhabi / WAM UAE-Mexico bilateral trade has witnessed an approximate 38 percent upsurge in the past five years (2016-2020), a senior Mexican official told the Emirates News Agency (WAM), adding that Mexico wants to be a strategic partner for the UAE in agri-food sector. “The bilateral trade between 2016 and 2020 registered an average annual growth rate of ...

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Adio hosts events for investors seeking expansion to Abu Dhabi

  ABU DHABI / WAM The Abu Dhabi Investment Office (Adio) connected with hundreds of global business leaders, entrepreneurs and innovators in a series of six inaugural events organised by its international office network to discuss expansion opportunities to the UAE capital. Adio’s offices in London, Paris, Beijing, Seoul, New York and San Francisco each organised an event targeted at ...

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DP World to develop deep-sea port in DRC

  Dubai / WAM DP World, the world’s leading provider of smart logistics, and the Government of the Democratic Republic of the Congo (DRC), have signed the Collaboration Agreement for the development of the deep-sea port at Banana. In the presence of Félix-Antoine Tshisekedi, President of the DRC, the agreement was signed in Kinshasa by Cherubin Okende Senga, Minister of ...

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Chimera Capital closes first VC fund at $75mn

  Abu Dhabi / WAM Chimera Capital Ltd, an ADGM regulated fund manager and a wholly owned subsidiary of Chimera Investment LLC (the Abu Dhabi-based private investment firm managing a diversified portfolio of listed and private equities around the world), announced on Monday that it has closed its first venture capital fund at $75 million. Chimera Global Fund I LP ...

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UAE-Israel ties, a pivotal step towards achieving prosperity and stability

  ABU DHABI / WAM The Abraham Accords Peace Agreement between the United Arab Emirates and the State of Israel constituted a vital move towards achieving peace, enhancing security, and promoting stability in the region. A year after the signing of the Agreement in September 2020, the bilateral relations between the two countries have achieved remarkable development across various fields ...

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UAE receives award for its role in government modernisation

  Dubai / WAM In a new achievement for the UAE, the United Nations (UN) honoured the UAE government with a special award in recognition of its role in government modernisation. This recognition came during the United Nations Public Service Awards ceremony, the most prestigious global award in the field of public service. The award came in recognition of the ...

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UAE, Maldives discuss ways to promote defence ties

  Abu Dhabi / WAM Mohammed bin Ahmed Al Bowardi, Minister of State for Defence Affairs, met today with Mariya Didi, Minister of Defence of the Republic of Maldives, and the accompanying delegation in the presence of Mattar Salem Ali Al Dhaheri, Under-Secretary of the Ministry of Defence, and several senior military officers and officials at the ministry. Al Bowardi ...

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Wizz Air Abu Dhabi to start flights to Krasnodar, Russia

  Abu Dhabi / WAM Wizz Air Abu Dhabi has announced the addition of Krasnodar in Russia to the list of its destinations. The announcement follows the recent addition of Moscow to the airline’s flight network making Krasnodar the second Russian destination available with Wizz Air Abu Dhabi. Wizz Air Abu Dhabi will start operating its flight to Krasnodar from ...

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‘UAE a reliable partner for sustainable development’

  Dubai / WAM Vahan Kerobyan, Armenia’s Minister of Economy and Commissioner-General of the Armenia Pavilion at Expo 2020 Dubai, said that the UAE has become a reliable partner for sustainable development, innovation, and the realisation of opportunities regionally and internationally, thanks to its governance system, efforts to reduce oil dependence, and rapid economic diversification. “We are full of hope ...

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