News

Abu Dhabi / WAM Mubadala Investment Company, an Abu Dhabi-based sovereign investor, on Wednesday announced the acquisition of a 2.6 percent stake in EN+, a global leader in low-carbon aluminium production and renewables. Mubadala’s total share ownership in EN+ now stands at 2.86 percent on a fully diluted basis. The new block acquisition equates to 16,641,700 of EN+ ordinary shares. The ...

Abu Dhabi / WAM The Mohamed Bin Zayed Solar PV Complex, one of the largest solar PV plant in West Africa financed by the Abu Dhabi Fund for Development (ADFD) and selected under ADFD-Irena Project Facility, is now fully operational. The 50-megawatt (MW) project in Blitta, Togo, will supply reliable, clean electricity to hundreds of thousands of homes and businesses ...

Abu Dhabi / WAM Ahmed Al Naqbi, CEO of Emirates Development Bank (EDB), revealed bank’s plans to launch an AED 1 billion direct investment fund in 2022 to support SMEs and industrial companies that need financing and investment in priority sectors, such as manufacturing, healthcare, infrastructure, food security and technology. In a statement to the Emirates News Agency (WAM), Al ...

MORONI / WAM President Azali Assoumani of the Republic of Comoros has received Saeed Mohammed Al Maqbali, UAE Ambassador to Comoros, in the capital, Moroni. During the meeting, they discussed ways to enhance relations between the two brotherly countries across all sectors, in addition to many issues of common interest. President Assoumani lauded UAE-Comoros ties, stressing the need to develop ...

Abu Dhabi / WAM The Mohamed Bin Zayed Solar PV Complex, one of the largest solar PV plant in West Africa financed by the Abu Dhabi Fund for Development (ADFD) and selected under the ADFD-Irena Project Facility, is now fully operational. The 50-megawatt (MW) project in Blitta, Togo, will supply reliable, clean electricity to hundreds of thousands of homes and ...

Abu Dhabi / WAM Zayed Charitable and Humanitarian Foundation has begun implementing its seasonal programme, “Eid Clothing”, ahead of Eid Al Adha. Hamad Salem bin Kordous Al Ameri, Director-General of the foundation, said that the foundation aims to achieve its goals in charitable work based on its social responsibility in line with the approach established by the UAE’s Founding Father, ...

Dubai / WAM Moro Hub (Data Hub Integrated Solutions LLC), a subsidiary of Digital Dewa, the digital arm of Dubai Electricity and Water Authority (Dewa), signed a memorandum of understanding (MoU) with Intel Corporation to advance collaboration in implementing and accelerating digital transformation initiatives at Moro Hub’s Green Data Centre, the first Certified Tier III Data Centre in the Middle ...

Dubai / WAM Uber announced on Wednesday that it is offering free rides to people looking to receive Covid-19 vaccination in Dubai and Abu Dhabi, as part of its support for the UAE’s vaccination drive aimed at containing the spread of the virus. Riders will be able to avail two free Uber rides, up to AED60 each to and from ...

ABU DHABI / WAM Etihad Cargo, the cargo and logistics arm of Abu Dhabi’s Etihad Aviation Group, and global supply chain company EFL Global, have successfully carried a vital consignment of antiretroviral drugs from India to Brazil. The shipment, which weighed more than 55,000kg, was transported on behalf of a leading manufacturer headquartered in Hyderabad and delivered to Sao-Paulo-Guarulhos International ...

Dubai / WAM 3iQ Corp, Canada’s largest digital asset investment fund manager with more than C$2.5 billion in assets under management, on Wednesday officially listed “The Bitcoin Fund”, (Trading Symbol: QBTC), on Nasdaq Dubai, the region’s international exchange. The regulated Bitcoin-based exchange-traded product is the first listed digital asset-based fund in the Middle East and North Africa (Mena) region. The ...