News

Abu Dhabi / WAM The United Arab Emirates has expressed its support for the statements made by Egyptian President Abdul Fattah Al Sisi in Sidi Barrani on Sunday in Libya. The Ministry of Foreign Affairs and International Cooperation (MoFAIC) affirmed the UAE’s solidarity with the Arab Republic of Egypt in all measures taken to safeguard its security against alarming developments ...

ABU DHABI / WAM The Education and Human Resources Council, at a meeting chaired by HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, was briefed on the Ministry of Education’s plan and vision on the possibility of re-opening educational institutions across the country. During the meeting, Hussain bin Ibrahim Al Hammadi, Minister of Education, ...

BUCHAREST / WAM Virgil-Daniel Popescu, Minister of Economy, Energy and Business Environment of Romania, held a remote meeting with the UAE Ambassador to Romania, Dr Ahmed Abdullah Saeed Al Matroushi. During the meeting, they discussed economic issues of concern to the two friendly countries, ways to enhance cooperation in various economic fields, mutual investment, and the signing of an amendment ...

ABU DHABI / WAM Abu Dhabi School of Government (ADSG) announced the signing of a Memorandum of Understanding (MoU) with Sandooq Al Watan, the national social initiative that empowers the citizens and society of the UAE through the provision of opportunities for growth, to start working together to identify top talent and ensure they have access to many of the ...

Abu Dhabi / WAM The Integrated Transport Centre (ITC) of the Department of Municipalities and Transport in Abu Dhabi announced that public parking fees will be resumed starting from Wednesday, July 1 at 8 am. That is after the 3-month suspension of the fees in support of the society during this challenging period. ITC is offering m-Mawaqif service for the ...

ABU DHABI / Emirates Business Abu Dhabi announces the launch of its strategy for the tourism sector, which has been created in anticipation for the return of tourists worldwide. The capital has been gradually easing stay-at-home measures after its proven success in curbing the spread of Covid-19. Hotels within the emirate have been undergoing rigorous sanitation from the beginning of ...

Bloomberg Reliance Industries Ltd, the conglomerate controlled by Asia’s richest man, said it has become free of net debt months ahead of a March 2021 target after raising more than $23 billion from stake sales and a rights issue. Its shares closed at an all-time high. India’s most valuable company said in a statement that it secured 1.16 trillion rupees ...

Bloomberg The Japanese wireless unit of SoftBank Group Corp led a $19.5 million investment in Splyt Group Ltd, a UK-based startup that makes software to simplify ride-hailing abroad. With the latest round, Splyt has raised a total of $35 million, including an earlier investment by Southeast Asia’s ride-hailing giant Grab. SoftBank Corp declined to disclose the exact amount of its ...

Bloomberg KKR & Co expects to at least triple its investments in Vietnam in the next decade as it seeks to capture rising demand from the Southeast Asian nation’s growing middle class. The US buyout firm’s investments in Vietnamese assets crossed $1 billion after a KKR-led consortium bought a stake in Vinhomes JSC, the largest real estate developer in the ...

Bloomberg Kamet Capital Partners Pte is on a hiring spree as the Singapore family office tops $1 billion in assets for the wealthy clients it serves in Asia. Kamet has hired seven people since April, bringing total headcount to 25, CEO Kerry Goh said. Two more staff will be added by September, said Goh, whose firm runs money for four ...