BLOOMBERG Citigroup Inc has named new co-heads of its banking, capital markets and advisory division for continental Europe. Linos Lekkas and Patrick Frowein will also represent the BCMA division as members of Citigroup’s Europe leadership team, according to an internal memo seen by Bloomberg News. A spokesperson for Citigroup confirmed the contents of the memo. The BCMA division’s continental Europe ...

NEW YORK / WAM Mubadala Investment Company (Mubadala), an Abu Dhabi-based global sovereign investor, announced today that it has formed a strategic partnership with Blue Owl Capital (“Blue Owl”) (NYSE: OWL), a leading alternative asset manager. The partnership was established with a $1 billion commitment to Blue Owl’s Credit platform and will initially focus on its Technology Lending strategy, which ...

ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan today met with Bola Ahmed Tinubu, President of the Federal Republic of Nigeria, who is on a working visit to the UAE. During the meeting, which took place at Qasr Al Shati in Abu Dhabi, His Highness Sheikh Mohamed renewed his congratulations to Tinubu on assuming the presidency ...

ABU DHABI / WAM ADNOC Logistics and Services (ADNOC L&S) has taken delivery of eight self-propelled jack-up barges (JUBs) through its subsidiary Zakher Marine International (ZMI) Holdings. With this expansion, the number of JUBs owned and operated by ADNOC L&S has increased from 31 to 39, reinforcing the Company’s status as the owner and operator of one of the largest ...

ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has directed to send urgent relief aid and search and rescue teams to Libya to support its efforts in mitigating the repercussions of the floods caused by Storm Daniel, which resulted in numerous deaths and injuries, and caused severe damage. His Highness expressed his sincere condolences and sympathy ...

NEW DELHI / WAM Shri Gunveer Singh, Chief General Manager of the Reserve Bank of India’s Department of Payment and Settlement Systems, said that India is looking forward to more meaningful cooperation with the UAE in the field of digital payments. Speaking to the Emirates News Agency (WAM) on the sidelines of the G20 Summit in New Delhi, Singh said ...

NEW DELHI / WAM The UAE’s successful participation in the 18th G20 Summit has spotlighted the country’s global stature and its efforts to drive global action to ensure a brighter tomorrow for generations to come, crowning the UAE’s active efforts in the G20 summit, working groups and meetings. Participating for the second time in a row, marking its fourth time ...

DUBAI / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has approved the Dubai Marine Transport Master Plan 2030. The plan encompasses a 188 percent expansion of the marine transport network, a 400 percent increase in passenger lines, and the manufacturing of the world’s first electric abra using ...

DUBAI / WAM Dubai Customs hosted a delegation from the General Directorate of Customs of the Royal Oman Police, underscoring their commitment to global customs collaboration. During the visit, the Omani delegation, led by Major Khalifa bin Talib Al-Masqari, Director of Dhofar Customs, and Captain Yusuf bin Ahmed Al-Balushi, discussed cooperation with Dubai Customs. They also explored the advancements made ...

ABU DHABI / WAM Etihad Credit Insurance (ECI), the federal export credit agency of the UAE, has joined forces with the Abu Dhabi Export Office (Adex), in a move to strengthen the UAE’s position in international trade and innovation. This partnership is marked by the signing of an insurance policy, which aims to support an initiative to implement a digital ...