ABU DHABI / WAM Mubadala Investment Company has made a cornerstone investment in PAG’s Asia Pacific renewable energy platform (PAG REN I), primarily focused on supplying solar power to corporations across Japan. PAG REN I will leverage PAG’s multi-decade experience in the Japanese real-estate space and the expertise of its in-house renewable energy team, PAG Renewables. The platform aims to ...

KAZANLAK / WAM Bulgaria’s rose harvesting season has begun in rose plantations near the southern town of Kazanlak where a rose harvesting ritual during the weekend attracted many visitors, Bulgarian News Agency BTA reported on Monday. Kazanlak is the best known rose growing region in Bulgaria. One of the top three rose oil producers in the world, Bulgaria exported 1,370 ...

ABU DHABI / WAM Local stock markets attracted liquidity exceeding AED1.4 billion at the close of trading on Monday, with International Holding Company (IHC) and Emaar Properties leading the trades. According to market data, the liquidity was distributed as AED1.008 billion in the Abu Dhabi Securities Exchange (ADX) and AED405.4 million in the Dubai Financial Market (DFM), after trading 377 ...

SINGAPORE / WAM Asian shares hit two-year highs while copper and gold struck records on Monday as investors wagered on interest rate cuts around the corner and China stepping up efforts to steady its property sector, Reuters reported. Brent crude futures rose to a one-week high of $84.25 a barrel after reports on fresh instability in the Middle East. Gold ...

THESSALONIKI / WAM As part of its participation in Sharjah’s Guest of Honour Programme at the 39th Thessaloniki International Book Fair in Greece, the Emirates Publishers Association (EPA) shared the UAE’s distinguished publishing experience with an international audience. During the fair, which began on May 16 and concluded on Sunday, the association highlighted its efforts in advancing the Emirati and ...

BALI / WAM The 10th World Water Forum in Bali will produce its first-ever ministerial declaration since the forum was first held in 1997 in Morocco, an official from the Indonesian Ministry of Foreign Affairs said. “For the first time in World Water Forum history, it will produce a ministerial declaration which is not negotiated but through consultation,” Director General ...

AL ARISH / WAM The UAE Floating Hospital in the Egyptian city of Al Arish has conducted a number of specialised and complex surgeries for Palestinian patients and the injured, as part of the medical services provided by the United Arab Emirates to Palestinian families in the Gaza Strip. The provided medical support falls within the framework of Operation Chivalrous ...

ABU DHABI / WAM Reem bint Ebrahim Al Hashimy, Minister of State for International Cooperation, has announced the arrival of a shipment of food aid for the brotherly people of Gaza, intended for the northern Gaza Strip. The shipment, which arrived via the maritime corridor from Larnaca in the Republic of Cyprus, was facilitated with the joint cooperation of the ...

DUBAI / WAM A total of 200 players representing 28 countries will battle for top honours at the 24th edition of the Dubai Open Chess Tournament. The Dubai Chess and Culture Club will host the prestigious tournament, which will take place from May 25 to June 2. The details of the tournament were revealed during a press conference today at ...

ABU DHABI / AD MEDIA OFFICE Adnoc Drilling Company has been awarded a AED6.24 billion contract by Adnoc to provide drilling and associated services for the recovery of unconventional energy resources. The contract will see Turnwell deliver 144 unconventional oil and gas wells. To service the contract and explore the considerable future opportunities in unconventional resources, Adnoc Drilling has incorporated a ...