News

ABU DHABI / WAM Bpifrance, the French national investment bank, and Mubadala Investment Company (Mubadala) announced the signing of a Memorandum of Understanding (MoU) to launch a new co-investment partnership dedicated to African private equity. The two companies will aim to deploy up to EUR 350 million through fund and direct investments in private equity and venture capital, with a ...

ABU DHABI / Emirates Business Emirates Development Bank (EDB), a key financial enabler of the country’s economic diversification and industrial transformation agenda, has entered into a Memoradum of Understanding (MoU) with First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, on Credit Guarantee and Co-lending programs for SMEs in the ...

Abu Dhabi / WAM Nawah Energy Company (Nawah), the subsidiary created by Joint Venture partners Emirates Nuclear Energy Corporation (Enec) and Korea Electric Power Corporation (Kepco) to operate and maintain the Barakah Nuclear Energy Plant, signed a Maintenance and Engineering Services Agreement (Mesa) with Framatome, an international leader in nuclear energy technologies. The signing took place during the 3rd annual ...

Abu Dhabi / WAM The Emirates Nuclear Energy Corporation (Enec) has signed a Letter of Intent with France’s electricity company EDF to develop a Memorandum of Understanding (MoU) for cooperation on research and development (R&D) in the nuclear energy sector. The collaboration is part of Enec’s commitment towards progressing the UAE’s nuclear energy industry, supporting innovation, clean electricity production and ...

Dubai / WAM The Emirates Mars Mission (EMM), the first interplanetary exploration undertaken by an Arab nation, on Wednesday released the first global images of Mars in the far-ultraviolet, providing new insights into the discrete aurora phenomenon in Mars’ nightside atmosphere. The images have revolutionary implications for our understanding of the interactions between solar radiation, Mars’ magnetic fields and the ...

ABU DHABI / WAM Etihad Airways has extended its “Verified To Fly” travel document initiative, enabling travellers to validate their Covid-19 travel documents before arriving at the airport, to routes across its global network. To use the service – which is available for the vast majority of Etihad flights – passengers sign-up by visiting “Manage my Booking” and following the ...

MOSCOW / WAM Dr Mohammed Ahmed bin Sultan Al Jaber, UAE Ambassador to the Russian Federation, has met with Hassan Hakimov, Deputy Prime Minister of Chechnya, and Adam Cherchigov, Director-General of the Sheikh Zayed Foundation, at the UAE Embassy in Moscow. During the meeting, the sides discussed the strong bilateral ties between their countries and ways of strengthening them to ...

Abu Dhabi / WAM Abu Dhabi Health Services Company, (Seha) announced the opening of a new Covid-19 drive-through services center in Al Manhal area in Abu Dhabi. The new center is composed of 4 tracks; 1 for vaccination and 3 for nose swab with a capacity of 100 vaccinations and 600 nose swabs and laser tests per day. The center ...

Abu Dhabi / WAM To support the growth of the environmental goods and services (EGS) sector, the Ministry of Climate Change and Environment (MOCCAE) is leading a project that aims to assess the state of play in the local EGS industry. The EGS Project will define and map the sector, assess its overall economic value, and develop actionable enabling policies ...

SHARJAH / WAM Kalimat Foundation, a UAE-based global non-profit organisation, signed a Memorandum of Understanding (MoU) with UK-based charity, Book Aid International (BAI), under which both entities will partner to support and enrich the learning resources of refugees and forcibly displaced children in Africa and the Middle East (ME). The agreement formalising the partnership was signed recently, on the sidelines ...