News

Sheikh Mohamed, Korean president visit Barakah plant

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Yoon Suk Yeol, President of the Republic of Korea, visited the Barakah Nuclear Energy Plant on Monday to celebrate the completion of Unit 3 and witness the continued progress of the plant, located in the Al Dhafra region of Abu Dhabi, UAE. The Presidential visit ...

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President honours 10 winners of 2023 Zayed Sustainability Prize

Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan presented awards to the 10 winners of the 2023 Zayed Sustainability Prize on Monday. The Prize’s Awards Ceremony coincided with the beginning of the 2023 Abu Dhabi Sustainability Week (ADSW). The ceremony was also attended by HH Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime ...

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Abu Dhabi’s Mubadala acquires US-based ‘Dental Care Alliance’

  Abu Dhabi / WAM Mubadala Investment Company (Mubadala) has announced its investment in Dental Care Alliance (DCA), a leading US-based dental services organisation with approximately 390 allied practices, alongside funds managed by Harvest Partners, LP (Harvest Partners), an established private equity firm focused on investing in middle-market companies. DCA is one of the largest multi-branded dental support organisations in ...

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Deal signed to advance Dubai’s cultural scene

Dubai / WAM Dubai Culture and Arts Authority (Dubai Culture) signed an MoU with Fiker Institute, an interdisciplinary think-tank which specialises in international relations, public policy and culture, to establish a knowledge partnership, with the aim of supporting Dubai’s cultural scene globally and advancing research on cultural and creative industries through panel discussions, publications, debates, and the exchange of experiences, ...

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Géant expands regional footprint, opens first supermarket in UAE

  Dubai / Gulf Time Géant, part of GMG, is expanding its regional footprint with the opening of its first supermarket in the UAE in Citylife Al Jurf in Ajman. With its customer friendly open-air market look and feel, this new concept will offer an abundance of choice and quality from the freshest groceries, imported and local fresh produce, meats, ...

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Enoc unveils latest service station in Al Twar

  Dubai / WAM Enoc Group on Monday unveiled a new service station in Al Twar 1, Dubai, catering to the growing needs of the residential community and motorists using Al Quds Street. Strategically located diagonally opposite a service station inaugurated in collaboration with Dubai Police on Al Quds Street earlier this year, the new service station will meet the ...

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Beeah group launches initiative to drive sustainable action

Sharjah / WAM Beeah Group, the region’s leading sustainability pioneer, officially launched Beeah Education to consolidate its several programmes driven to raise awareness and engage people and institutions in shaping a sustainable future. Khaled Al Huraimel, Group CEO of Beeah Group, and Hind Al Huwaidi, Managing Director of Beeah Education, joined partners and colleagues to commemorate the occasion at Beeah ...

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China boost for flagging world economy as reopening starts

  Bloomberg China’s sudden reopening is set to offer a boost to a flagging world economy. The growth impulse will be felt through services sectors such as aviation, tourism and education as Chinese people pack their bags for international travel for the first time since the pandemic. Tourism-reliant nations in Southeast Asia will likely be among the first to note ...

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China bad-debt firms plan property support of up to $24 billion

  Bloomberg Chinese financial regulators and the nation’s biggest bad-debt management companies plan to offer as much as 160 billion yuan ($24 billion) of refinancing support to high-quality developers in the first quarter, according to people familiar with the matter. Under the plan first announced on Friday with little details, the People’s Bank of China will channel 80 billion yuan ...

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Taiwan remains semiconductor leader as chip exports rise again

  Bloomberg Taiwan’s exports of integrated circuit chips rose in 2022 for a seventh consecutive year, further solidifying the economy’s leadership status in a global semiconductor industry that has been roiled by US-China tensions and diversifying supply chains. Exports of IC chips — which are pivotal components of electronic appliances, computers and smartphones — rose 18.4% from a year earlier, ...

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