News

DUBAI / WAM Dubai’s business events sector continues to build on its momentum as one of the first cities in the world to reopen for international meetings, with a busy calendar of high profile conferences, meetings and incentives on the horizon through the rest of 2021 and into 2022. Following on from the resumption of international tourism to the city ...

ABU DHABI / WAM Masdar, one of the world’s leading renewable energy companies; and PT PJBI, a subsidiary of Indonesia’s state-owned electricity company PT PLN, announced on Tuesday that financial close has been achieved on the Cirata Floating Photovoltaic Power Plant project and construction work has begun. Financing for the project — Indonesia’s first floating solar power plant — was ...

ABU DHABI / WAM The UAE Financial Intelligence Unit (FIU) has signed a Memorandum of Understanding (MoU) with the China Anti-Money Laundering Monitoring and Analysis Centre (CAMLMAC) to facilitate international cooperation on the exchange of intelligence concerning anti-money laundering and combatting the financing of terrorism. The signing of this MoU is in line with the objectives of the UAE and ...

SHARJAH / WAM To boost investment activity in Sharjah, the Alef Group, a leading real estate developer and a pioneer in developing world-class lifestyle experiences in Sharjah, and the Sharjah Investors Services Centre (SAEED) recently signed an MoU to provide more facilities for investors and entrepreneurs to establish or expand their businesses in the emirate. The agreement was signed by ...

ABU DHABI / WAM Mubadala Investment Company, an Abu Dhabi-based sovereign investor, announced that it will be the title sponsor for the Global Manufacturing and Industrialisation Summit (GMIS) for the fourth consecutive time. Taking place under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, the fourth edition of the ...

ABU DHABI / WAM BDT Capital Partners (BDT), Mubadala Investment Company and its asset management subsidiary, Mubadala Capital (together “Mubadala”), on Monday announced the transaction close of the acquisition of Culligan International (Culligan), the global leader in sustainable water solutions and services. BDT Capital Partners, LLC (BDT), affiliated with BDT & Co, LLC, a merchant bank that provides closely held ...

MAKKAH / WAM/ SPA The Technical and Service Authority at the Grand Mosque in Makkah has intensified its preparations for the Umrah season. Sterilisation and perfuming processes of the Grand Mosque and its outdoor parks are going on round the clock to prevent the spread of the Covid-19 pandemic. More than 4,000 workers are sterilising the Grand Mosque and related ...

ABU DHABI / WAM Abu Dhabi Islamic Bank (ADIB), with alignment to the UAE government vision in promoting digital services, announced opening of accounts remotely and digitally. Through secure access to the Ministry of interior’s Facial Recognition verification system, ADIB becomes the first bank in the UAE to perform instant and highly secure verification before opening a new account. ADIB’s ...

ABU DHABI / WAM Aldar Properties has announced the sell-out of land plots at the second phase of Al Gurm, the beachfront community on the South-West side of Abu Dhabi’s main island. This solid sales performance is the latest indication of the demand for a diverse range of real estate investment opportunities in Abu Dhabi, Aldar said. Available exclusively to ...

ABU DHABI / WAM A Memorandum of Understanding (MoU) was signed between the Ministry of Education, represented by the Commission for Academic Accreditation (CAA), and the High Council for Evaluation of Research and Higher Education (Hcéres) in France. The MoU aims to improve the quality of higher education in the UAE, France and the rest of the world, as well ...