News

Abu Dhabi / WAM The Khalifa bin Zayed Al Nahyan Foundation continues to provide humanitarian aid through the Covid-19 initiatives launched by CSR UAE Fund in partnership with the Foundation. The campaign received monetary and in-kind contributions that included thousands of items that were distributed to beneficiaries. The items included smart devices to support distance learning, urgent medical equipment to ...

Abu Dhabi / WAM The Abu Dhabi Department of Economic Development (Added) has identified 23 industrial areas for investment mainly in the pharmaceutical and medical industries aimed at achieving self-sufficiency in Abu Dhabi’s health sector. Among these investment areas, 14 belong to new industries in the market while the other nine are already existing ones. The identification of investment areas ...

Abu Dhabi / WAM Abu Dhabi University (ADU) launched a new initiative, in collaboration with Emirates Red Crescent (ERC) Lulu Group International and PepsiCo, to provide relief for Sudanese families impacted by recent heavy floods. The initiative, titled “For Sudan”, aims to collect both monetary and in-kind donations which will be sent to affected Sudanese families. “For Sudan” will be ...

Sharjah / WAM The Emergency, Crisis and Disaster Management Team in Sharjah has approved a host of precautionary measures ahead of the resumption of activities at the iconic Expo Centre Sharjah. The landmark venue, which is a popular destination for high-profile government events, commercial exhibitions, business events and conferences in the country will reopen with all the necessary precautionary measures ...

ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) on Monday said it carried out over 72,388 additional Covid-19 tests in the country over the last 24 hours, using the latest testing methods. The ministry said in a statement that the intense testing drive uncovered 679 new cases from various nationalities, who are all in stable condition and ...

Dubai / WAM DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – has completed a real estate transaction comprised of a single plot of land sale with a self-storage facility on it to Musharaka REIT Fund, Musharaka Capital as fund Manager for Musharaka REIT is the representative of the Fund, for ...

Bloomberg The European Union (EU) will unleash as many green bonds as the world issued last year, testing the level of investor interest in financing a shift towards cleaner economies. The bloc plans to create up to 225 billion euros ($266 billion) of green debt, which will propel it from a debut issuer to the largest player in the nascent ...

Bloomberg ByteDance Ltd. emphasised it will remain in control of a hived-off TikTok Global business, appearing to contradict President Donald Trump’s statements about how the new entity will be directed by Americans and pay an unusual $5 billion fee to the US government. The world’s most valuable startup sought to play down speculation it’s giving up control of valuable Chinese ...

Bloomberg Iliad SA has agreed to buy Polish telecommunications company Play Communications SA for $2.6 billion as it expands across Europe. French billionaire Xavier Niel’s Iliad has offered 39 zloty per share for Play, and has received binding commitments from two controlling shareholders for their 40% stake, the companies said in a statement on Monday. The cash-and-debt deal shows Niel’s ...

Bloomberg Tesla Inc. Chief Executive Officer (CEO) Elon Musk is rallying the troops as the end of the third quarter nears, urging employees in an email to make and sell as many electric cars as possible before September 30. “We have a shot at a record quarter for vehicle deliveries, but will have to rally hard to achieve it,” said ...