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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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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Abu Dhabi, Mauritius to bolster economic ties

  ABU DHABI / WAM The Abu Dhabi Chamber of Commerce and Industry has signed a cooperation agreement with the Economic Development Board of Mauritius (EDB) to further deepen the economic and trade relations between Mauritius and the emirate of Abu Dhabi. The agreement also aims at serving the business environment as a world system for positive partnership, share experiences ...

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Zayed II Military College produces qualified leaders, says Mattar Al Dhaheri

  Abu Dhabi / WAM Mattar Salem Ali Al Dhaheri, Under-Secretary of the Ministry of Defence, said the 50th anniversary of Zayed II Military College coincides with the UAE’s golden jubilee, proving the country has been aware, since its establishment, of the importance of creating a strong army. In his speech on the occasion, he added the Founding Father, late ...

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dnata to invest $224m in Amsterdam cargo centre

  Dubai / WAM dnata, a leading global air and travel services provider, announced a major, over €200 million ($224.07 million) investment in a fully automated cargo centre, dnata Cargo City Amsterdam, at Amsterdam Airport Schiphol (AMS). dnata Cargo City Amsterdam will significantly enhance cargo capacity in The Netherlands and create new, direct jobs with dnata. It will enable dnata ...

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