ABU DHABI / WAM First Abu Dhabi Bank (FAB) showcased the UAE’s potential as an investment gateway for Chinese companies by hosting a China-Arab Entrepreneurs’ Summit in Abu Dhabi. The summit brought together over 60 Chinese entrepreneurs, executives, and government officials on Friday. Over the past decade, China has emerged as the Middle East’s largest trading partner, with investment and ...

ABU DHABI / WAM The Department of Culture and Tourism — Abu Dhabi (DCT Abu Dhabi) hosted a series of events in major cities across the GCC including Saudi Arabia, Kuwait, Qatar, Bahrain and Oman to launch the SeaWorld Yas island, and Experience Abu Dhabi’s “One Summer Isn’t Enough” offering, in partnership with 20 key stakeholders including hotels, city attractions ...

ABU DHABI / WAM Mubadala Investment Company has released its 2022 financial results for the group. Despite a challenging macroeconomic environment in 2022 that significantly impacted financial markets and investor sentiment, Mubadala outperformed global benchmarks, supported by active management of its portfolio, robust capital deployment and a considered monetisation programme. Mubadala invested AED107 billion ($29.14 billion) in line with its ...

JEDDAH / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, and Minister of the Presidential Court, held a meeting on Friday with President Bashar al-Assad of Syria on the sidelines of the 32nd Arab League Summit. During the meeting, they exchanged cordial talks that reflected the strong fraternal relations between the two countries and ...

BLOOMBERG Deep in the bowels of Wall Street there’s a surprisingly successful counterfeiting operation underway: The world’s largest banks have created a booming business churning out imitation quant trades. JPMorgan Chase & Co, Goldman Sachs Group Inc and Morgan Stanley are among those hawking the products, which are known by the deceptively dreary name “quantitative investment strategies” (QIS). It’s the ...

BLOOMBERG Shares of Adani Group companies rallied, trimming their losses for the week, after a panel appointed by India’s Supreme Court found no conclusive evidence of stock price manipulation as alleged by US short-seller Hindenburg Research. Flagship Adani Enterprises Ltd surged 3.5% on the court findings. Other group entities like Adani Transmission Ltd, and Adani Power Ltd closed higher by ...

ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan, sent a written letter to Sultan Haitham bin Tariq of Oman, which included an invitation to the Conference of the Parties to the UN Framework Convention on Climate Change (COP28), which will take place at Expo City Dubai this November. The message was delivered by Mohammed bin ...

DUBAI / WAM H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, on Thursday visited the Emirates Group Headquarters. Sheikh Hamdan was accompanied by H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance. Their Highnesses, who were received by ...

ABU DHABI / WAM The UAE cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, issued a decision appointing HH Sheikha Mariam bint Mohamed bin Zayed Al Nahyan as Vice Chairperson of the Education and Human Resources Council. Her Highness Sheikha Mariam is Chairperson of the ...

ABU DHABI / WAM The UAE strongly condemned the storming of Al-Aqsa Mosque by a member of the Israeli government, members of the Knesset, and extremists under the protection of the Israeli police. The Ministry of Foreign Affairs and International Cooperation (MoFAIC) underscored the need to respect the role of the Hashemite Kingdom of Jordan over the holy sites and ...