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Ankara / WAM The UAE announced it will establish a $10 billion investment fund in Turkey. This announcement followed the talks held in Ankara on Wednesday between His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Recep Tayyip Erdogan, President of Turkey, which aimed to support ...

Abu Dhabi / WAM On behalf of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Wednesday inaugurated the third ordinary session of the 17th legislative chapter of the Federal National Council (FNC), attended by the crown princes, deputy ...

Abu Dhabi / WAM Hub71, Abu Dhabi’s global tech ecosystem, announced a new partnership with Stripe, a global technology company that builds economic infrastructure for the internet, assisting tech startups to more easily and efficiently accept payments online, payout funds, and manage their business growth. The partnership was announced during fintech Abu Dhabi Festival 2021, where Hub71 is a key ...

Bloomberg Europe is growing increasingly reliant on coal to keep the lights on as the weather turns cold, sending the cost of polluting to a record. Carbon prices exceeded 70 euros for the first time ever as utilities turn to the dirtiest of fossil fuels. Power plants in the UK are burning the most coal since the beginning of the ...

Bloomberg The Biden administration included Taiwan among the 110 invitees to its upcoming democracy summit, the State Department announced, a move that’s intended to show solidarity with a key regional partner but risks angering China. Taiwan was invited to join nations, including the UK and Japan, at the December 9-10 virtual summit, the State Department said on its website. The ...

Abu Dhabi / WAM The Federal Authority for Identity, Citizenship, Customs and Port Security, and the National Emergency Crisis and Disasters Management Authority have updated the entry procedures through land borders for the citizens of neighbouring countries and those living in border areas, who are repeatedly entering and leaving the UAE. According to the updated procedures, all Gulf Cooperation Council ...

OUAGADOUGOU / WAM Dr Fahad Obaid Mohammed Al Taffaq, UAE Ambassador to Nigeria and Non-Resident ambassador to Burkina Faso, has met with Burkina Faso’s ministers of Foreign Affairs and Economy, Finance and Development, several officials, and business people. He discussed relations between the two countries and ways to boost them. Al Taffaq met with Alpha Barry, Minister of Foreign Affairs, ...

Dubai / WAM The 5th edition of the decoration, design and building materials exhibition ‘DecoBuild 2021’ kicks off on Wednesday at the Dubai World Trade Centre and continue until November 27. The four-day event is organised by the Mohammed Bin Rashid Housing Establishment (MRHE) with the participation of more than 80 exhibitors from government institutions, private sector companies, as well ...

Bloomberg Shares of India’s pioneering digital payments startup Paytm plummeted for a second day after its $2.5 billion initial public offering, marking one of the worst debuts ever by a major technology company. The stock fell about 14% after a 27% plunge in its debut Thursday, cutting its market value to about $12 billion. The drop has hit individual investors ...

Bloomberg South Korea’s exports are poised to extend a run of double-digit gains in November, underpinned by chip and ship sales and signalling global demand remains solid in the run up to the year-end holiday season. The value of Korea’s overseas shipments advanced 27.6% during the first 20 days of this month, the customs office reported, following a 24% increase ...