Abu Dhabi / WAM The Ministry of Economy (MoE) has received the request to register the Investopia Summit trademark internationally, in line with the country’s accession to the Madrid Protocol for International Trademark Registration. Once the procedure is complete, the registration with World Intellectual Property Organisation (WIPO) will protect the Summit’s trademark in more than 125 countries that are ...
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Bahraini minister hails ‘longstanding partnership with UAE’
MANAMA / WAM Ali bin Mohammed Al Rumaihi, the Minister of Information Affairs, has articulated the importance of the longstanding partnership between the United Arab Emirates and the Kingdom of Bahrain, and the progress it is steadily witnessing at all levels, thanks to the keenness of President His Highness Sheikh Khalifa bin Zayed Al Nahyan and His Majesty King ...
Read More »China is planning record wind, solar power additions this year
Bloomberg China is set to install a record amount of wind and solar power capacity this year as the country strives to meet climate goals while reducing its reliance on the rest of the world for energy. China will add 140 gigawatts of capacity from the clean energy sources, said Tao Ye, a researcher with the National Development and ...
Read More »US senator warns China will pay bigger price for bullying Taiwan
Bloomberg A group of senior US senators delivered a message of support for Taiwan during a visit, a move that China answered with a display of military force. Members of the delegation, including Republican Lindsey Graham, told Beijing that the US will start making China account for bullying Taiwan and supporting Russian President Vladimir Putin’s invasion of Ukraine. “Here is ...
Read More »ADX rebrands ‘growth market’ to boost private sector listings
Abu Dhabi / WAM The Abu Dhabi Securities Exchange (ADX) has announced the rebranding of its Second Market, a key equity market on the exchange that connects investors and privately owned business, complementing Abu Dhabi’s fast-developing ecosystem for companies that are looking to catalyse their growth. The Growth Market, which replaces the Second Market established in 2014, offers companies ...
Read More »Dubai Chamber sees $3mn cost savings from paperless strategy
Dubai / WAM Dubai Chamber of Commerce revealed it has recorded AED11 million ($2.99 million) in cost savings and saved one million sheets of paper in 2021 after obtaining the 100 percent Paperless Stamp from the Dubai Digital Authority. The estimated value of savings reflects the cost of printing, time and transportation to the chamber’s customer happiness centres. Last year, ...
Read More »Emirates to launch NFTs
Dubai / WAM Emirates will soon launch Non-Fungible Tokens (NFTs) and exciting experiences in the metaverse for its customers and employees. The airline, which has earned a reputation for its innovative products and customer-centric services, today unveiled its plans to build signature brand experiences in the metaverse, alongside both collectible and utility-based NFTs. The first projects are already underway, ...
Read More »China offers more detail on Xi’s desert clean power mega-hub
Bloomberg The majority of China’s massive desert renewable power project will be built after 2025, and most of the capacity in the first phase will come from solar, according to a researcher from the country’s largest grid operator. The details fill in some gaps about the country’s plans to build 455 gigawatts of wind and solar power across the ...
Read More »Russia warns of nuclear buildup if Finland, Sweden join Nato
Bloomberg Russia threatened to deploy nuclear weapons in and around the Baltic Sea region if Finland and Sweden join the North Atlantic Treaty Organization (Nato) as tensions fuelled by President Vladimir Putin’s invasion of Ukraine spread. “In this case, there can be no talk of non-nuclear status for the Baltic,†Dmitry Medvedev, deputy chief of Russia’s Security Council and former ...
Read More »Abu Dhabi’s ADQ buys stakes in many listed Egyptian firms
Abu Dhabi / WAM ADQ, an Abu Dhabi-based investment and holding company, has undertaken several transactions in publicly listed companies within key sectors of Egypt’s economy, building on its long-term commitment to investing in the country’s economic growth through its $20 billion joint strategic investment platform. The investments reflect ADQ’s continued confidence in Egypt’s strong economic potential. The transactions ...
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