News

  Bloomberg French economic activity will continue to rise in December, despite another wave of the Covid-19 pandemic and fresh uncertainty over the omicron variant, according the Bank of France. Completed at the end of last week, the central bank’s monthly survey of 8,500 firms is the first indicator of how businesses in the euro area’s second-largest economy are faring ...

  Bloomberg Getty Images will merge with a blank-check firm backed by CC Capital and Neuberger Berman, returning a company bearing one of most storied names in business to the public market. The deal values the Seattle-based licensing provider of stock and news photos at $4.8 billion including debt, according to a statement. The agreement with CC Neuberger Principal Holdings ...

Dubai / WAM Chairing the last cabinet meeting scheduled for 2021, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, affirmed that the UAE has accomplished, in a short period of time, major achievements, assumed leading global ranks in various sectors, confirming that the UAE is moving into the ...

  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 ...

  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 ...

  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 ...

  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 ...

  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 ...

  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 ...

  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 ...