News

DUBAI / WAM Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, has participated in the ‘Big Inter-Council Networking Night’ event as part of its efforts to support the business community, promote cross-border economic partnerships, and consolidate the emirate’s position as a highly competitive hub for global trade. Organised by a number of business councils under ...

ABU DHABI / WAM The Central Bank of the UAE (CBUAE), the Bank for International Settlements (BIS), the Emirates Institute of Finance (EIF) and the COP28 Presidency have launched the COP28 UAE TechSprint, a global initiative aimed at promoting innovation in scaling sustainable finance and combating climate change. The launch of the COP28 UAE TechSprint comes ahead of the UAE’s ...

ABU DHABI / WAM The Emirates Nuclear Energy Corporation (Enec) and ORLEN Synthos Green Energy (OSGE) have announced the signing of a memorandum of understanding (MoU) to support the decarbonisation of the Polish and European power sector and industry, by looking into opportunities to invest in Small Modular Reactors (SMRs). Enec’s expertise, through building and operating the Barakah Nuclear Energy ...

SHARJAH / WAM HH Sheikha Jawaher bint Mohammed Al Qasimi, wife of HH the Ruler of Sharjah and Chairperson of the Supreme Council for Family Affairs (SCFA), has expressed great pride on the occasion of the inauguration of the University of Kalba, in the emirate’s coastal town. Sheikha Jawaher said that the opening of the university embodies Sharjah leadership’s vision ...

BLOOMBERG Shares of global infrastructure service providers and environmental companies in India rallied on Monday after the Group of 20 leaders meeting in New Delhi agreed to prioritise projects that involve regional connectivity and promoting biofuels. India’s state-run firms that plan and operate the country’s vast railways network were among top gainers on the S&P BSE 500 Index amid expectations ...

BLOOMBERG The dollar fell the most in two weeks, while stocks rose as traders took bullish cues from improving Chinese data and comments from Treasury Secretary Janet Yellen. The yen had the biggest move against the dollar, surging more than 1% after Bank of Japan Governor Kazuo Ueda aired the possibility of ending the developed world’s last key negative interest ...

NEW YORK / WAM Mubadala Investment Company (Mubadala), an Abu Dhabi-based global sovereign investor, announced today that it has formed a strategic partnership with Blue Owl Capital (“Blue Owl”) (NYSE: OWL), a leading alternative asset manager. The partnership was established with a $1 billion commitment to Blue Owl’s Credit platform and will initially focus on its Technology Lending strategy, which ...

ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan today met with Bola Ahmed Tinubu, President of the Federal Republic of Nigeria, who is on a working visit to the UAE. During the meeting, which took place at Qasr Al Shati in Abu Dhabi, His Highness Sheikh Mohamed renewed his congratulations to Tinubu on assuming the presidency ...

ABU DHABI / WAM ADNOC Logistics and Services (ADNOC L&S) has taken delivery of eight self-propelled jack-up barges (JUBs) through its subsidiary Zakher Marine International (ZMI) Holdings. With this expansion, the number of JUBs owned and operated by ADNOC L&S has increased from 31 to 39, reinforcing the Company’s status as the owner and operator of one of the largest ...

ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has directed to send urgent relief aid and search and rescue teams to Libya to support its efforts in mitigating the repercussions of the floods caused by Storm Daniel, which resulted in numerous deaths and injuries, and caused severe damage. His Highness expressed his sincere condolences and sympathy ...