Recent Posts

Middle East Energy Dubai generates over AED18bn of business in 2020

Dubai / WAM Middle East Energy Dubai, a global energy industry event formerly known as Middle East Electricity, has revealed that the 2020 edition of the show generated more than AED18 billion worth of business during the three-day showcase, as registration for the 2021 event goes live on Tuesday. Held under the patronage of HH Sheikh Maktoum bin Mohammed bin ...

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US welcomes Saudi Arabia’s initiative to end Yemeni crisis

WASHINGTON / WAM The United States welcomed Saudi Arabia’s initiative to end the Yemeni crisis, as well as Yemen’s Government commitment to a ceasefire and political process in the country. Deputy Spokesperson at the US Department of State Jalina Porter affirmed during a press meeting that discussions in support of peace efforts are ongoing, calling on all parties to commit ...

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Mubadala, ADCP invest $150 million in Telegram

ABU DHABI / WAM Mubadala Investment Company, the Abu Dhabi-based sovereign investor, invested $75 million in 5-year pre-IPO convertible bonds of Telegram, an operator of the self-named security-focused social media platform, with Abu Dhabi Catalyst Partners (ADCP) investing a further $75 million. The strategic partnership between the companies is also expected to create new collaboration opportunities and thereby further advance Abu ...

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