News

  Abu Dhabi / WAM Emerge, a joint venture between Masdar and EDF, and Al Dahra, one of the largest integrated agri-businesses in the Middle East, announced a strategic partnership to develop a rooftop solar photovoltaic (PV) installation at Al Dahra Food Industry at Khalifa Industrial Zone Facility Abu Dhabi (Kizad). The rooftop solar system will be installed on Al ...

  Abu Dhabi / WAM Pursuant to a resolution issued by the cabinet, the Ministry of Finance (MoF) on Tuesday announced the amendment of the VAT treatment on workmanship services when supplying gold and diamonds between registrants in the state. According to the resolution, there will be a temporary replacement for the definition of “goods” contained in Article (1) of ...

Dubai / WAM The World of Coffee Dubai 2023 exhibition, which is scheduled to be held from January 11-13, 2023, is preparing to host more than 1,000 international, regional, and local companies and brands from over 30 countries worldwide, surpassing the participation figures from its first edition. The three-day event, organised by DXB Live, the integrated event management and experiential ...

Bahrain / Gulf Time Investcorp, a leading global alternative investment firm, on Monday announced it has agreed to acquire Marble Point Credit Management LLC (Marble Point), a leading US-based collateralised loan obligation (CLO) manager. “The proposed acquisition of Marble Point is a significant milestone in Investcorp’s 40-year journey of growth through diversification, geographic expansion and building scale. With $50 billion ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to King Maha Vajiralongkorn of Thailand, on the occasion of his country’s National Day. HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, sent similar messages to the Thai King ...

  Abu Dhabi / WAM Mubadala Investment Company PJSC (Mubadala), the Abu Dhabi sovereign investor, on Monday announced the transition of Musabbeh Al Kaabi from his current role as Chief Executive Officer of the UAE Investments platform to Executive Director of a new Low Carbon Solutions & International Growth vertical at Abu Dhabi National Oil Company (Adnoc) as of January ...

  Abu Dhabi / WAM The Abu Dhabi Securities Exchange (ADX) has been recognised by World Business Outlook with awards for “Best Trading Securities Exchange – Mena 2022” and “Best Trading Derivatives Exchange – Mena 2022” for accomplishments since 2021. ADX won the “Best Trading Securities Exchange – Mena 2022” award for reaching a record market capitalisation of more than ...

  Dubai / WAM Emirates NBD announced its partnership with the Arab payment system Buna to facilitate payments and transfers within the Arab region. Buna is operated by the Arab Regional Payments Clearing and Settlement Organisation “Arpcso,” a subsidiary of the Arab Monetary Fund (AMF). The landmark tie-up with Buna will provide Emirates NBD’s clients with a more rapid, efficient ...

  AUCKLAND / WAM Emirates’ flagship A380 made a landmark touchdown at Auckland Airport. This is the first time the Emirates double-decker has landed in Auckland since February 2020, demonstrating increasing travel demand in and out of New Zealand. The special non-stop daily service from Dubai to Auckland was greeted at Auckland Airport ahead of the country’s first fully open ...

Dubai / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, on Monday, discussed with HH Sheikh Tamim bin Hamad Al-Thani, Emir of Qatar, the brotherly relations and ways of enhancing their cooperation to advance the common interests of the two countries. This was part of their official talks that took place at the Emiri Diwan in Doha. The ...