News

Abu Dhabi / WAM Mubadala Investment Company (Mubadala) on Tuesday announced that it has joined Silver Lake and other investors including the Canada Pension Plan Investment Board, Magna International, and Andreessen Horowitz as part of a consortium to invest a total of $2.25bn in Waymo, the self-driving technology company owned by Alphabet, the parent company of Google. Waleed Al Mokarrab ...

ABU DHABI / WAM A phone call from His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, to Chinese President, Xi Jinping, last week has sent a “positive signal to the international community,” according to a Chinese diplomat. “It has sent to the international community a positive ...

ABU DHABI / WAM The Emirates Nuclear Energy Corporation (Enec), announced on Tuesday that, following the successful completion of fuel assembly loading into Unit 1, the UAE has officially become a peaceful nuclear energy operating nation. The UAE has also become the first country in the Arab World to achieve this status, joining a limited group of countries worldwide that ...

Bloomberg Group of Seven (G-7) finance chiefs said they are ready to act to shelter their economies from the spreading coronavirus, though they stopped short of spelling out what specific measures they would put into place. “We, G-7 Finance Ministers and Central Bank Governors, are closely monitoring the spread of the coronavirus disease 2019 (Covid-19) and its impact on markets ...

ABU DHABI / WAM The UAE’s gross domestic product (GDP), in constant prices, is projected to grow to AED1.501 trillion in 2020 from AED1.464 trillion in 2019 and AED1.442 trillion in 2018, said Obaid bin Humaid Al Tayer, Minister of State for Financial Affairs, and Chairman of the Federal Tax Authority. Al Tayer was answering a question from a member of ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, chaired the UAE Cabinet on Tuesday and was briefed on the latest developments and preventive measures taken by all concerned national authorities to protect the community from the new coronavirus (Covid-19). The cabinet reviewed all procedures and ...

DUBAI / WAM His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority, on Tuesday opened the 45th edition of Middle East Energy, previously known as Middle East Electricity, the global energy platform running until March 5 at Dubai World Trade Centre. Touring the exhibition, HH Sheikh Ahmed explored the latest technology breakthroughs and solutions being ...

ABU DHABI / WAM The Khalifa University of Science and Technology has once again validated its status as a pioneering research-intensive higher education institution, driving innovation in new technologies, after winning two top recognitions at the Abu Dhabi Awards for Intellectual Property. It was presented with the ‘Top University with Filed Patents’ award that was received by Dr. Steve Griffiths, ...

ABU DHABI / WAM Mohammed Saif Al Suwaidi, Director-General of Abu Dhabi Fund for Development (ADFD) has welcomed a visiting high-level delegation from Malawi, led by Ralph Pachalo Jooma, Malawi’s Minister of Transport and Public Works, at the Fund’s headquarters in Abu Dhabi. During the meeting, the two sides discussed strengthening synergies and explored joint efforts to further finance development ...

DUBAI / WAM The Mohammed bin Rashid Space Centre (MBRSC) announced on Tuesday that over 3,000 Emirati men and women have applied to become the next UAE astronaut on future space missions. Registration figures for the second batch of the UAE Astronaut were revealed during a press conference by Yousuf Hamad Al Shaibani, Director-General, MBRSC, Salem Al Marri, Head of ...