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Abu Dhabi / WAM Mubadala, the Abu Dhabi-based sovereign investment company, on Monday announced that it will become an investor in Group42 (G42) the Abu Dhabi-based artificial intelligence (AI) and cloud computing company, via the integration of Injazat and Khazna Data Centres. As a result of the transaction, Injazat and Khazna – both homegrown industry leaders nurtured over the past ...

Abu Dhabi / WAM Hub71, Abu Dhabi’s global tech ecosystem, on Monday announced the latest cohort of startups selected to join its rapidly growing startup community, with an increasing number of startups led by female founders. The successful startups, chosen from hundreds of applicants, will benefit from Hub71’s Incentive Programme, which reduces the cost of living and business set up ...

DUBAi / WAM The Dubai Gold and Commodities Exchange (DGCX) continued its strong growth trajectory during October, with its G6 currencies portfolio a standout performer during the month. The portfolio recorded an impressive year-to-date (y-t-d) volume growth of 378%, compared to same period last year. Among G6 currency pairs, Euro and British Pound Futures Contracts registered strongest performances, recording an ...

Dubai / WAM Nasdaq Dubai has welcomed the listing of a $ 600 million sukuk by the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank (IsDB). The capital raised from the sukuk will support ICD’s wide-ranging development activities within its 55 member countries which include creating competition, entrepreneurship, employment ...

Sharjah / WAM The Expo Centre Sharjah, the organiser and the host of the SteelFab exhibition, has announced the postponement of the 17th edition of the event, which was scheduled to be held in January 2021, to June of the same year. In a statement, the centre’s Board of Directors said that the decision made after assessing the current global ...

DUBAI / WAM The Global Renewables Outlook: Energy Transformation 2050 report issued by the International Renewable Energy Agency (Irena), in April this year indicated that the transition to renewables, efficiency and electrification could drive overall socio-economic development, supported by comprehensive policies to cut carbon emissions. The use of hydrogen and synthetic fuels, direct electrification, advanced biofuels and carbon management will ...

Abu Dhabi / WAM National Petroleum Construction Company (NPCC) the nation’s leading energy sector Engineering, Procurement and Construction (EPC) major with a fast-growing global footprint of operations, has been ranked as the Top EPC Contractor in the Middle East by the leading industry magazine Oil & Gas Middle East. NPCC recorded this outstanding recognition, ahead of global EPC majors, underlining ...

Dubai / WAM Leading development experts, technology visionaries and government officials from some of the world’s most populous and resilient cities are set to gather virtually for Expo 2020 Dubai’s Urban and Rural Development Week to discuss the future of smart cities and sustainable habitats. Hosted by Expo 2020 and delivered in collaboration with the United Nations Human Settlements Programme ...

Emirates Business Agthia Group, a leading food and beverages company in the region, and part of ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy, announced the group’s net revenue reached AED 492.1 million for the third quarter, a 1.2 growth verses Q3 2019. The increase ...

Abu Dhabi / WAM The UAE has expressed its strong condemnation and denunciation of the Iranian-backed Houthi terrorist militias’ attempt to target civilian areas in the Kingdom of Saudi Arabia with six bomb-laden UAVs that were intercepted by the Coalition Forces. In a statement, the UAE Ministry of Foreign Affairs and International Cooperation emphasised that the recent increase in Houthi ...