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UAE investments abroad hit $2.5trn in beginning of 2024

ABU DHABI / WAM The United Arab Emirates has solidified its position as a leading regional and global player in foreign direct investment, according to Jamal Bin Saif Al Jarwan, Secretary-General of the UAE International Investors Council (UAEIIC). He estimates the total value of Emirati investments abroad, encompassing both government and private sectors, to have reached a staggering $2.5 trillion ...

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UAE and German Presidents discuss bilateral relations and regional developments in phone call

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan held a phone call on Tuesday with His Excellency Dr Frank-Walter Steinmeier, President of the Federal Republic of Germany. They explored cooperation between the UAE and Germany and discussed how to further strengthen ties across various sectors, particularly in the economic and trade areas, to advance their ...

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FUJIFILM UNVEILS THE BRAND NEW “INSTAX PAL™”: Set to become your new instant companion for the most memorable moments

DUBAI/ GULF TIME Fujifilm has announced its latest exciting new launch, the INSTAX Pal. A palm-sized camera that allows you to capture pictures anytime, anywhere! Making small moments feel big, this pocket-friendly digital camera will capture all your spontaneous moments with ease. In fact, it’s so aesthetically pleasing, that we don’t think it will stay in your pocket for long! ...

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Anthropologie Partners with Internationally Acclaimed Mega Creator Betül Tunç to Launch Turkish-inspired Homeware Collection

DUBAI/ GULF TIME The beloved lifestyle brand, Anthropologie has unveiled its latest homeware collaboration with popular content creator (with over 9.9M followers) and Turkuaz Kitchen (@turkuazkitchen) Founder, Betül Tunç. Renowned for her made-from-scratch recipes and artful aesthetic that has captured the hearts of millions across social media, this limited-edition collection fuses tradition with contemporary elegance, just in time for Ramadan. ...

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Masdar to acquire 50% stake in Terra-Gen from ECP

ABU DHABI/ WAM Abu Dhabi Future Energy Company (Masdar), the UAE’s clean energy powerhouse, today announced that it has signed a definitive agreement to acquire a 50 percent stake in Terra-Gen Power Holdings II, LLC (Terra-Gen), one of the largest independent renewable energy power producers in the United States, from Energy Capital Partners (ECP). ECP, a leading investor across energy ...

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Moove secures $100 million in Series B funding round

ABU DHABI/ WAM Moove, the global mobility fintech that democratises access to vehicle ownership for mobility entrepreneurs, today announced that it has raised $100 million in a Series B funding round. Mubadala Investment Company PJSC (Mubadala), an Abu Dhabi sovereign investor, which led Moove’s previous funding round in 2023, participated in this round alongside new investment from Uber. The round ...

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UAE and World Central Kitchen complete food delivery to Northern Gaza, aid brought to Gaza by sea in historic first

ABU DHABI/WAM The United Arab Emirates and the World Central Kitchen announced they successfully completed the delivery of food aid to Gaza by sea, and delivered it to Northern Gaza. The mission – Operation Safeena – in partnership with Open Arms and with the support of the government of Cyprus departed from Cyprus and docked just off the coast of ...

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