Abu Dhabi / WAM Masdar City, the regional home of technology innovation and R&D in Abu Dhabi, and Emirates Development Bank (EDB), a key financial enabler of the country’s economic diversification and industrial transformation agenda, signed a memorandum of understanding (MoU) to advance the UAE’s economic diversification agenda. This will be achieved by identifying potential collaboration opportunities across sectors ...

  MEXICO CITY / WAM A delegation from the Emirates News Agency (WAM) has discussed ways to enhance media cooperation with a number of media entities in Mexico. The discussion took place during the delegation’s visit, led by Mohammed Jalal Al Rayssi, Director-General of WAM, to Mexico, at the end of a tour to Latin America, which included Brazil and ...

  Abu Dhabi / WAM The UAE Space Agency and Masdar will establish the nation’s first Space Economic Zone in Masdar City to create an integrated business ecosystem to propel startups and SMEs. It is the first of many space-tech hubs the UAE Space Agency will launch to create a competitive private sector, build national capabilities and contribute to the ...

  Sharjah / WAM Sharjah is bringing together 70 world-renowned photographers on a single platform to showcase their vivid and compelling images at the sixth edition of Xposure International Photography Festival at Expo Centre Sharjah from February 9-15 across 45 solo and group exhibitions that offer a window to the wider world around us. Photography’s powerful role as a tool ...

  Sharjah / WAM Sharjah Islamic Bank (SIB) recorded net profit of AED514.1 million for the year ended in December 31, 2021, an increase of 26.7% compared to AED405.8 million for the same period in 2020. The bank also reported AED850.7 million in operating profits , an increase by 21.9%, compared to AED697.7 million in the previous year. Despite the ...

  Pfizer Inc and Moderna Inc are starting to churn out doses of omicron-specific vaccines, and they say they could have data on whether the shots are effective as soon as March. But is this the best way to build and maintain protection against Covid-19? The world is breeding new variants so fast, it may not make sense to chase ...

On Christmas eve, Gazprom, the Russian state-owned natural gas giant, tweeted a rather unfestive message: Gas inventories in Europe were depleting quickly. Since then, Gazprom has been reminding the world of the trend every few days. “It should be noted that gas reserves in Europe’s UGS (underground gas storages) are currently at their lowest for the season in the long ...

  Britain’s decision to leave the European Union has imperiled London’s status as the region’s financial center. So far, the loss of jobs has been more of a dribble than an exodus. But the current hiatus masks a longer-term threat, as companies choosing where to house new positions expand elsewhere. At the moment, British banking is thriving. UK financial-services firms ...

  Microsoft Corp is going all in on gaming. The technology behemoth announced an agreement to buy Activision Blizzard Inc for $69 billion in cash. If the deal goes through, it would become the biggest acquisition in the company’s history. But is this mega-deal a smart move? At first blush, the merger makes sense. Gaming is one of the largest ...

  Bloomberg President Joe Biden said he thinks Vladimir Putin doesn’t want a full-blown war but will “move in” on Ukraine after amassing 100,000 troops on its border, part of an extraordinarily blunt assessment of Russian intentions and the West’s likely response. “I’m not so sure he has — is certain — about what he’s going to do,” Biden said ...