Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Wednesday met Pedro Sanchez, the Prime Minister of Spain, at Expo 2020 Dubai. The meeting was held in the presence of HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime ...
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UAE, Rwanda discuss ways to enhance ties
Dubai / WAM Ohood bint Khalfan Al Roumi, Minister of State for Government Development and The Future, and Edouard Ngirente, Prime Minister of Rwanda, discussed enhancing the overall partnership between the UAE and Rwanda in areas of government modernisation. The meeting was attended by Paula Ingabire, Rwandan Minister of Information and Communications Technology and Innovation; Emmanuel Hategeka, Ambassador of ...
Read More »EU unveils controversial green label for gas, nuclear
Bloomberg The European Union (EU) unveiled how it plans to label investments in some gas and nuclear projects as sustainable, a move that has divided member states as the energy transition collides with political reality. The European Commission on Wednesday announced technical amendments to its draft green-label criteria and proposed strengthening disclosure rules to ensure more transparency for investors. Yet ...
Read More »Promise of US, allied troops bolsters Nato’s eastern flank
Bloomberg Thousands of additional US and allied soldiers on the ground in Eastern Europe may not alter Russia’s military calculus on Ukraine. But the commitment is a boon to Nato member states near Russia’s border. From Washington to Paris, governments have vowed to boost readiness and dispatch troops and hardware to deter Russia from attacking Ukraine —and show solidarity ...
Read More »DFM operator posts net profit of AED103.8 million in 2021
Dubai / WAM Dubai Financial Market Company on Tuesday announced its consolidated results for the financial year ended December 31, 2021, posting a net profit of AED103.8 million compared to AED137.9 million in 2020. Total revenues reached AED294.6 million compared to AED337.2 million. The total revenue comprised AED213 million operating revenues and AED81.6 million investment revenues and others. The ...
Read More »Deal signed to advance female representation on UAE boards
Dubai / WAM General Women’s Union (GWU) and Aurora50, a UAE-based social enterprise dedicated to building the pipeline of female leaders needed for the future boards, have signed cooperation agreement to advance female representation on UAE boards. The signing ceremony was attended by Sheikha Shamma bint Sultan bin Khalifa Al Nahyan, Co-Founder of Aurora50, and Noura Al Suwaidi, Secretary-General ...
Read More »Human Fraternity Festival begins at Expo 2020 Dubai
Abu Dhabi / WAM The second edition of the Human Fraternity Festival will start on Wednesday at Expo 2020 Dubai, organised by the Ministry of Tolerance and Coexistence, in collaboration with the Higher Committee of Human Fraternity, with the participation of international and Arab entities, including representatives of Al-Azhar and the Vatican. The event will celebrate the UAE’s efforts ...
Read More »EU countries make last-ditch bid to stop green label for gas
Bloomberg Four countries asked the European Union to reverse a plan to make some natural gas projects eligible for its coveted green label in a last-minute plea, highlighting divisions about how to manage the energy transition. In a letter sent to the European Commission, the Netherlands, Austria, Sweden and Denmark argued there’s a lack of scientific evidence to include ...
Read More »One year after coup, US to slap new sanctions on Myanmar
Bloomberg The US issued fresh sanctions against people and entities linked to Myanmar’s military that seized control of the government a year ago, with President Joe Biden warning “further costs†will be imposed as long the junta doesn’t hold elections. Seven people including Myanmar government officials and businessmen as well as a private logistics company and an army-run procurement ...
Read More »Masdar City, MBRIF partner to cultivate entrepreneurship
Abu Dhabi / WAM Masdar City and the Mohammed Bin Rashid Innovation Fund (MBRIF) on Monday announced a strategic partnership designed to cultivate entrepreneurship and economic development in the UAE and at an international level. The initiative will extend support to innovative SME’s, while also sharing industry knowledge and collaborating to develop the entrepreneurship ecosystem at home and abroad. ...
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