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 ...

Dubai / WAM Dubai managed to place itself within the top 10 or 20 cities globally in more than 100 indicators related to safety and security in several internationally renowned competitiveness reports, according to a policy brief released by the Dubai Competitiveness Office in Dubai Economy. The policy brief, titled ‘Safety and Security Competitiveness in Dubai: Why Dubai is ranked ...

SHARJAH / WAM The Sharjah Institute for Heritage (SIH), organisers of the 18th edition of the Sharjah Heritage Days (SHD), has announced the launch of an AED20,000 photography competition in two categories, open to amateurs and professionals. The first category will include architectural photographs that showcase the aesthetic elements of the venue, and the country pavilions on site. The second ...

DUBAI / WAM EZDubai, a fully dedicated e-commerce free zone strategically located in the heart of Dubai South’s Logistics District, has welcomed UDA Express, one of the largest express companies in China, that will be expanding its operations in the region by benefitting from EZDubai’s e-commerce, logistics facilities, bespoke business solutions, and reach to the high-growth markets of the Middle ...

Abu Dhabi / WAM Mohammed Thani Al Rumaithi, Chairman of the Abu Dhabi Chamber of Commerce and Industry, discussed with Nguyen Manh Tuan, Ambassador of Vietnam to UAE, the means of strengthening trade and investment relations between Abu Dhabi and Vietnam. This came during a meeting both sides held at the chamber’s tower in Abu Dhabi, which was attended by ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 209,079 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Tuesday, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate early detection of coronavirus cases and carry out necessary treatment. As ...

Abu Dhabi / WAM Miral, Abu Dhabi’s leading curator of magnetic experiences, announced on Tuesday that Yas Island is on track to become a fully contactless destination through the adoption of FacePass. This cutting-edge contactless technology is part of Miral’s digital transformation strategy for Yas Island. Rolled out in phases across the island, it will streamline guest experiences using facial ...

In a government poster from the early 1970s, a young Singaporean mother stands in a laundry-strewn apartment with a screaming infant on her hip. Her toddler is on the floor wailing and her husband stands disapprovingly in the doorway, disgusted by the messy home. A thought bubble appears above the woman’s head: “If only I hadn’t married so early.” The ...

The ruin that the novel coronavirus has visited on Latin America is hard to overstate. By almost any metric — 2.7 million companies shuttered in 2020, a 20% drop in investment, 44.1 million unemployed, 23.5 million projected to fall into poverty this year — the new report by the United Nations Economic Commission on Latin American and the Caribbean is ...

If the lockdowns of the past year introduced millions of people to the ease of online shopping, they also underlined some e-commerce pain points: clothes that don’t fit, returns that take ages to process, groceries that arrive nearly expired and tiresome customer service. If online retailers want to retain customers when physical stores reopen, these are problems they’ll need to ...