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Bloomberg Russia’s increased presence in Belarus, where it’s helping strongman President Alexander Lukashenko retain power amid a wave of demonstrations, is putting nearby countries on alert. One is Estonia, which like its Baltic neighbours has been edgy since Vladimir Putin annexed Crimea from Ukraine in 2014 and backed a war on the two former allies’ border. More integration between Belarus ...

Abu Dhabi / WAM Mubadala Investment Company (Mubadala) an Abu Dhabi-based sovereign investor, and Sberbank, the largest bank of Eastern and Central Europe, on Tuesday signed a strategic agreement to explore opportunities of mutual benefits. The agreement covers cooperation in multiple areas, including co-investments, debt and equity financing, long-term financing of Mubadala projects in Russia and other territories, advisory services, ...

ABU DHABI / WAM The construction of the US pavilion at Expo 2020 Dubai will be completed in November, John Rakolta, the US Ambassador to the UAE, said on Tuesday. “The construction of the pavilion is progressing according to our schedule. We look forward to substantial buildings’ completion sometime around November 15,” he said during a virtual media roundtable with ...

DUBAI / WAM The Mohammed Bin Rashid Space Centre (MBRSC) and the National Aeronautics and Space Administration (Nasa) announced that they have signed a strategic agreement to train Emirati astronauts in Nasa. This partnership aims to prepare Emirati astronauts for advanced space missions by providing them with the highest level of expertise and knowledge. Under the agreement, four Emirati astronauts ...

Bloomberg Nikola Corp’s latest stock plunge sent shares of Norwegian green energy company Nel ASA to a nearly 17% drop. The Oslo-based company is critically tied to Nikola, which is set to be a major buyer of Nel’s technology to create hydrogen. Earlier this year, Nikola made a more than $30 million order for Nel’s electrolysers that would create the ...

Bloomberg Chinese President Xi Jinping took a veiled swipe at the US in a strongly worded speech, saying no country should “be allowed to do whatever it likes and be the hegemon, bully or boss of the world.” Pushing for developing countries to have a greater role in world affairs, Xi said the United Nations could be “more balanced” and ...

Abu Dhabi / WAM The Khalifa bin Zayed Al Nahyan Foundation continues to provide humanitarian aid through the Covid-19 initiatives launched by CSR UAE Fund in partnership with the Foundation. The campaign received monetary and in-kind contributions that included thousands of items that were distributed to beneficiaries. The items included smart devices to support distance learning, urgent medical equipment to ...

Abu Dhabi / WAM The Abu Dhabi Department of Economic Development (Added) has identified 23 industrial areas for investment mainly in the pharmaceutical and medical industries aimed at achieving self-sufficiency in Abu Dhabi’s health sector. Among these investment areas, 14 belong to new industries in the market while the other nine are already existing ones. The identification of investment areas ...

Sharjah / WAM The Emergency, Crisis and Disaster Management Team in Sharjah has approved a host of precautionary measures ahead of the resumption of activities at the iconic Expo Centre Sharjah. The landmark venue, which is a popular destination for high-profile government events, commercial exhibitions, business events and conferences in the country will reopen with all the necessary precautionary measures ...

Dubai / WAM DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – has completed a real estate transaction comprised of a single plot of land sale with a self-storage facility on it to Musharaka REIT Fund, Musharaka Capital as fund Manager for Musharaka REIT is the representative of the Fund, for ...