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Bloomberg Nato agreed to boost its deployments in the eastern portion of the defense alliance, doubling the number of battle groups to eight, as the US said it is working with Nato to prepare for possible biological or nuclear incidents by Russia. The world’s leading developed nations plan to warn President Vladimir Putin against deploying such weapons amid his stalled ...

  Dubai / WAM Shuaa Capital, a leading asset management and investment banking platform, on Wednesday announced the launch of Shuaa Venture Partners, a $250 million Shari’ah fund, focused on venture debt investments. The fund is the largest venture debt fund in the GCC and has been established to support the growth of regional technology and technology-enabled leaders that are ...

  Dubai / WAM Marcos Troyjo, President of the New Development Bank, said that the UAE is a “prime example of an economic miracle”, while speaking at the fourth edition of the Global Business Forum Latin America (GBF LATAM) 2022, which kicked off on Wednesday in Dubai. In a session titled ‘New Priorities for the Post-Covid World’, Troyjo explored the ...

  Abu Dhabi / WAM ADQ, an Abu Dhabi-based investment and holding company, and Turkey Wealth Fund (TWF) on Wednesday launched Turkey Technology Fund — ADQ TWF, which will invest in venture capital funds and high-growth potential companies in Turkey. Building on the UAE’s platform to support strategic investments in Turkey, the new fund was launched by Mohamed Hassan Al ...

  DUBAI / WAM Emirates Central Cooling Systems Corporation (Empower) announced that it has awarded a contract worth AED 193 million to build a new generation district cooling plant, with the aim of providing the Dubai Land Residence Complex (DLRC) region with company’s environmentally-friendly district cooling services in line with international standards. The construction of the building has already begun ...

Bloomberg President Joe Biden faces a crucial test of his ability to project power and reassurance amid the biggest European security crisis in decades, as he seeks to rally US allies around harder-hitting sanctions to punish Russia for invading Ukraine. Biden will join back-to-back summits Thursday with Nato, the Group of Seven and the European Union in Brussels, where the ...

  DUBAI / WAM The 10th edition of Gisec Global, kicked off at Dubai World Trade Centre (DWTC) with industry leaders uniting to uncover the latest in global cybersecurity trends and discussing ever increasing digital challenges. Delivering the keynote speech on the first day of the three-day show, Mohammed Hamad Al-Kuwaiti, Head of Cyber Security for the Government of the ...

  DUBAI / WAM Expo 2020 Dubai visitors are saying #ThanksToExpo, with visit numbers soaring to 20,819,155, after crossing the 20-million threshold earlier this week. From Expo 2020 Dubai’s crown jewel, Al Wasl dome, to water feature Surreal, the stellar entertainment line-up and fascinating pavilions of the 192 participating countries, visitors have been moved by how the largest global gathering ...

  ABU DHABI / WAM Frederick Kempe, President and CEO of the Atlantic Council, a nonpartisan organisation based in Washington, said the UAE has successfully attained a prominent stature in the global energy scene, due to its economic policy based on creating a balance between adopting environmental standards to address climate change and leveraging various energy sources. In his statement ...

  DUBAI / WAM Sudan celebrated its National Day at Expo 2020 Dubai through showcasing its rich culture, innovative solutions to global challenges and the opportunities presented to young people to build a promising future. Following the flag-raising ceremonies of both nations, Noura bint Mohammed Al Kaabi, Minister of Culture and Youth, welcomed Dr. Graham Abdelgadir, Sudan’s Minister of Culture ...