ABU DHABI / WAM Multiply Group, a subsidiary of International Holding Company (IHC), will list directly on the Abu Dhabi Securities Exchange (ADX) on December 5, offering investors the opportunity to invest in the field of disruptive digital technology and other key industries. Multiply Group, which had assets of AED 8.16 billion and 3,240 employees as at end of September, ...

Dubai / WAM Etihad Credit Insurance (ECI), the UAE Federal export credit company, signed a Memorandum of Understanding (MoU) with Greece’s Export Credit Insurance Organisation (ECIO), to enhance the bilateral trade and economic cooperation between the UAE and Greece. The two state export credit agencies will support local businesses of both countries operating in agriculture, construction, steel and aluminium, ceramics, ...

Abu Dhabi / WAM The good deeds and sacrifices of our martyrs will remain as long as there is life, and their blood is manifested in our identity, reinforcing our glory, said His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. In a statement given to ‘Nation Shield,’ the ...

Abu Dhabi / WAM The Emirates News Agency (WAM) has announced the production of a documentary entitled “1971”, coinciding with the celebrations of UAE’s 50th National Day. The 13-minute documentary provides documentation on the march of the Union, whose foundations were laid by the Founding Father, the late Sheikh Zayed bin Sultan Al Nahyan. It presents the country’s development experience, ...

Dubai / WAM Expo 2020 Dubai visit numbers have climbed to 4,766,419 in the period up to November 28, driven by music, sporting stars and continued strong take-up of the November Weekday Pass. Jubilee stage played host to a packed week of entertainment, including Kuwaiti singer Abdullah Al-Ruwaished and famed Egyptian singer Mohamed Hamaki, while a formidable all-female line-up delighted ...

Emirates Business Abu Dhabi Islamic Bank (Adib), a leading financial institution, and Refinitiv, a London Stock Exchange Group business, on Monday announced that it has awarded AED 450.000 to three Islamic finance enterprises as part of its 6th edition of Ethical Finance Innovation Challenge and Awards (Efica) which was launched to recognise companies and individuals that successfully develop ground-breaking solutions ...

Bloomberg BP Plc plans to build a green hydrogen facility in northeast England that could start producing the gas by 2025, part of a massive project to help the oil major transition towards cleaner sources of energy. The HyGreen Teesside proposal follows one made earlier this year to develop a blue hydrogen facility in the same location. That would produce ...

A possible delisting of DiDi Global Inc at the behest of Beijing risks repercussions well beyond the fortunes of those who bought into the Chinese ride-hailing company. Tech companies from Tencent Holdings Ltd and SoftBank Corp to asset managers BlackRock Inc and Vanguard Group need to be prepared. In using national security as an excuse to reverse Didi’s June offering ...

At least we’re learning. Remember when the early reaction to the outbreak of a deadly virus in Wuhan was to discourage people from changing their travel plans? South Africa’s government didn’t sit on information about a new worrying variant of Sars-CoV-2, which the World Health Organization (WHO) has now dubbed omicron. It didn’t downplay it. On the contrary, authorities shared ...

Now that President Joe Biden has signed the $550 billion infrastructure legislation, $15 billion will be spent to remove lead from the nation’s drinking-water systems. Of all the economic and social necessities in the spending package — from roadways and bridges to the power grid and broadband expansion — ensuring access to safe, clean water is perhaps the most fundamental. ...