News

  Abu Dhabi / WAM Mubadala Investment Company PJSC (Mubadala), an Abu Dhabi sovereign investor, and National Resilience, Inc. (Resilience), a technology-focused manufacturing company dedicated to broadening access to complex medicines, have signed a deal to further advance the UAE’s life sciences ecosystem through biopharma manufacturing. Through a development agreement, Mubadala will establish the new manufacturing facility, in which Resilience ...

  Sharjah / WAM The Sharjah Chamber of Commerce and Industry (SCCI) has discussed economic cooperation and ways to boost business relations with a high-level business delegation from the Arab Colombian Chamber of Commerce. The discussions were held during the Sharjah-Colombia business forum organised by the chamber on the sidelines of the Colombian business delegation’s visit to the emirate of ...

  Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc) has announced the formation of Adnoc Gas, effective January 1, its new world-scale gas processing, operations and marketing company. The flagship company combines the operations, maintenance and marketing of the Adnoc Gas Processing and Adnoc LNG businesses into one global and market-leading consolidated business. As Adnoc grows its gas ...

  Geneva / WAM Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, headed the UAE delegation participating in a high-level international conference held in Geneva, which was organised by the Pakistani government and the United Nations. Held in the presence of Pakistani Prime Minister Shehbaz Sharif and UN Secretary-General António Guterres, the conference aimed to discuss efforts ...

  Dubai / Gulf Time Jawhara Jewellery, the leading jewellery brand, has launched a fantastic discount campaign across all of its stores in the UAE, under the name of “Winter Sale”, through which 50% discounts will be offered on a selection of diamond and pearl jewelry. Discounts started in Abu Dhabi and Al Ain stores from November 25 to January ...

  Dubai / WAM In celebration of a “Creators Month”, Global Village has partnered with Bloom World Academy (BWA) for a Young Directors Award competition, which will give two young people the chance to win a life-changing scholarship for their entire schooling at BWA, the school that dares to do the things differently. The scholarships are worth over AED1 million. ...

  Sharjah / WAM The Xposure International Photography Festival is returning for its 7th edition, and it is set to be the biggest and best yet. Organised by the Sharjah Government Media Bureau, the festival will take place at the Expo Centre Sharjah from February 9-15, and features 74 world-renowned photographers and an impressive 1,794 prints on display. The agenda ...

  Bloomberg Tata Group is close to taking over a major plant in southern India in a deal that would give the country its first homegrown iPhone maker. The airline-to-software conglomerate has been in talks with the factory’s owner, Taiwan’s Wistron Corp., for months, and is looking to complete the purchase by the end of March, according to two people ...

  Bloomberg China’s new regulation to increase scrutiny of companies’ foreign debt will become effective Feb. 10 in the market’s biggest overhaul since 2015. The effort will encompass debt instruments with tenors of over one year that are sold by Chinese firms or their controlled offshore entities, according to a Tuesday announcement on the National Development and Reform Commission’s website. ...

  Bloomberg Byju’s, the world’s most valuable edtech startup, has sought more time from creditors to renegotiate an agreement governing a $1.2 billion loan that is in breach of covenants, according to people with knowledge of the matter. The creditors have until Tuesday to sign a forbearance agreement, which will give the company time till February 10 to negotiate broader ...