News

ADDIS ABABA / WAM The UAE, through the Emirates Red Crescent (ERC), provided relief aid to people affected by the humanitarian situation in Ethiopia, including 50 tonnes of food, health supplies and children’s food supplements, benefitting thousands of displaced families in several provinces. The aid was sent to support Ethiopian families affected by the events taking place in the country, ...

MANAMA / WAM Investcorp, a Bahrain-based asset manager which counts Mubadala Investment Company as its biggest shareholder, announced that it has completed the acquisition of ten UK industrial assets, comprising c. 660,000 sq ft, via four transactions for a combined purchase price of €56.7 million. Since launching its European real estate business in 2017, Investcorp has invested approximately €1 billion ...

Abu Dhabi / WAM The Central Bank of the UAE (CBUAE) and the Central Bank of the Republic of Indonesia (Bank Indonesia) have signed a MoU to boost mutual co-operation. The bilateral MoU includes three main areas, covering digital innovation in payment and financial services to facilitate more efficient and secure transactions, cross-border payment systems including retail payments, and frameworks ...

Abu Dhabi / WAM Abu Dhabi has been awarded four prestigious accolades at the 28th annual World Travel Awards in recognition of the emirate’s efforts to establish itself as a leading global tourist destination. Considered to be the highest awards in the field of tourism, the accolades reward and celebrate excellence across all sectors of the international travel and tourism ...

Abu Dhabi / WAM The UAE, through the Emirates Red Crescent (ERC), provided relief aid to people affected by the humanitarian situation in Ethiopia, including 50 tonnes of food, health supplies and children’s food supplements, benefitting thousands of displaced families in several provinces. The aid was sent to support Ethiopian families affected by the events taking place in the country, ...

Abu Dhabi / Emirates Business Etihad Airways has announced the appointment of Dr Nadia Bastaki as Chief Human Resources, Organisational Development and Asset Management Officer, becoming the first-ever female chief at the national airline of the United Arab Emirates. Prior to this role, Dr Bastaki served as a key member of the human resources leadership team as Vice President Medical ...

Abu Dhabi / WAM Etihad Rail, the developer and operator of the UAE National Rail Network, announced the completion of 50 percent of the construction works of the marine rail bridge in the UAE, as part of Package B of Stage Two of the UAE National Rail Network. The marine rail bridge extends over one kilometre, connecting Khalifa Port with ...

Dubai / WAM Expo 2020 Dubai has recorded 2,942,388 visits since its opening on October 1. The visitor numbers included over 100,000 schoolchildren, with Expo set to further stimulate young minds during the forthcoming Knowledge and Learning Week from December 12-18. In the past week, Expo 2020 Dubai marked the UAE Flag Day, which saw His Highness Sheikh Mohammed bin ...

GLASGOW / WAM The UAE and Pakistan signed a memorandum of understanding (MoU) to enhance cooperation in the fields of climate change mitigation and adaptation and environmental protection in line with the national legislations of the two countries. Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, and Malik Amin Aslam, Minister for Climate Change and Special Assistant ...

Abu Dhabi / WAM Fertiglobe on Monday reported that its Q3 2021 revenues increased 175 percent to $867 million and adjusted EBITDA increased 257 percent to $371 million in Q3 2021 as compared to Q3 2020. Thanks to strong earnings momentum, Fertiglobe — a strategic partnership between ADNOC and OCI headquartered in Abu Dhabi, announced that it has increased its ...