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ABU DHABI / WAM Dr Mohammed Al Ahbabi, Director General of the UAE Space Agency, and George Whitesides, CEO of Virgin Galactic and The Spaceship Company (TSC), signed a Memorandum of Understanding (MoU) that outlines cooperation across a range of areas including plans to bring Virgin Galactic spaceflights to the UAE for education, science and technology research, as well as ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and President of the Republic of Uzbekistan, Shavkat Mirziyoyev, on Monday discussed ways of enhancing bilateral relations and tackled a variety of regional and global issues of common interest. During an official session of ...

Abu Dhabi / WAM Etisalat signed a Memorandum of Understanding (MoU), with the Abu Dhabi Smart Solutions and Services Authority (ADSSSA), to boost their collaboration in the digital transformation of government services in Abu Dhabi. Etisalat will provide the technical knowledge and expertise to facilitate the ADSSSA’s drive to digitise Abu Dhabi Government services, thus providing seamless and proactive customer experience ...

Dubai / WAM The Emirates Environmental Group (EEG), a UAE-based professional working group, held the second-panel discussion of 2019 on the topic of “Sustainable cities and Communities” at the Modul University in Dubai, with the mission of achieving Sustainable Development Goals in the country. The event was conducted in association with the Arabia CSR Network, Emirates Green Building Council and Clean ...

Ajman / WAM His Highness Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of the Ajman Executive Council, on Monday launched the “Future Build Exhibition.” The exhibition, which was organised by the chamber, is witnessing the participation of 52 major local and international companies in the building, construction and transportation sectors, who are showcasing their latest ...

DUBAI / WAM The Dubai Financial Services Authority (DFSA), on Monday hosted a Financial Crime Conference as part of its efforts to strengthen awareness among the financial services sector of the importance of fighting financial crime. The conference highlighted the measures the DFSA is taking to mitigate money laundering and terrorism financing risks. The event shared results of the UAE’s ...

Bloomberg Malaysian billionaire T. Ananda Krishnan’s Bumi Armada Bhd is nearing an agreement for a loan of around $500 million, people with knowledge of the matter said, in a deal that will give the embattled energy firm more time to restructure. Banks are finalising details of a five-year credit facility, according to the people, who asked not to be identified ...

Bloomberg SoftBank Group Corp founder Masayoshi Son, famous for his early investment in China’s top e-commerce company, also had the chance to own a big stake in Amazon.com Inc — but he missed out over $30 million. Son, speaking at the Milken Institute conference in Tokyo, said he was close to striking a deal to acquire 30 percent of the ...

Bloomberg Citigroup Inc moved a team of sales traders in Hong Kong to work on its equities desk to support clients after eight staff were pushed out in the wake of an internal investigation. Among those moved were Ryan Clendenny, Will Faulkner, Annie Wong, Anthony Levenston and Jensen Feng, according to an internal email sent by Richard Heyes, Asia-Pacific head ...

Bloomberg A group of private equity firms and pension funds agreed to buy Inmarsat Plc for $3.4 billion in a bet on the UK-based satellite operator’s growing inflight broadband business. Inmarsat shares rose more than 8 percent. Talks began in late January as the London-based company faces growing competition from traditional rivals such as ViaSat Inc. and new challengers including ...