DUBAI/LONDON / WAM DP World has announced the creation of an investment platform in partnership with CDC Group (CDC), the UK’s development finance institution and impact investor. The platform covers a long-term investment period. DP World is contributing its stakes in three existing ports initially and expects to invest a further $1 billion through the platform over the next several ...

ABU DHABI / WAM The UAE has condemned the terrorist attack that targeted a Yemeni convoy, which included Aden Governor and Yemen’s Minister of Fisheries, leading to several civilian deaths and injuries. The Ministry of Foreign Affairs and International Cooperation reaffirmed the UAE’s strong denunciation of such criminal acts and all forms of terrorism and violence that threaten the region’s ...

ABU DHABI / WAM Under the directives of the Supreme Council for Financial and Economic Affairs, HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, member of the Abu Dhabi Executive Council, Chairman of the Abu Dhabi Executive Office, and member of the board of Abu Dhabi Supreme Council for Financial and Economic Affairs, has launched the Abu Dhabi IPO ...

Bloomberg An Australian company plans to invest $3 billion in Saudi Arabia in a bet on the metals used in batteries for electric vehicles (EV). EV Metals Group Plc’s spending will be on building plants to process minerals including lithium and nickel, and later expand into exploring for the battery metals, Managing Director and CEO Michael Naylor said. It would ...

ABU DHABI / WAM Dr Ali bin Harmal Al Dhaheri, First Vice Chairman of Abu Dhabi Chamber of Commerce and Industry, met with Carlos Massa Júnior, Governor of the State of Parana, Brazil, and the accompanying delegation at Expo 2020 Dubai to discuss the prospects of trade and investment cooperation between businesses in Abu Dhabi and Parana. During the meeting, ...

DUBAI / WAM Enoc Group has announced the opening of a new service station in Dubai South, an urban master development focused on the aviation and logistics ecosystem, in close proximity to the Expo 2020 Dubai site. This takes the total number of Enoc service stations to 156 across the UAE. The new service station will cater to residents and ...

Ras Al Khaimah / WAM The Ras Al Khaimah Municipality Department has officially launched the “Unified Addressing and Spatial Guidance System Project for the Emirate of Ras Al Khaimah” (The Address), which will improve the quality of life and drive sustainable development in the emirate. The Address will also help achieve the emirate’s developmental and economic plans and give it ...

Dubai / Emirates Business The Emirates Expo 2020 Dubai special livery aircraft will be performing two low level flypasts over Sheikh Zayed Road and the Expo 2020 Dubai site on October 13, Wednesday morning and October 14, Thursday. Opportunities for media and the public making their morning commute to spot the aircraft will approximately be between the hours of 5am ...

ABU DHABI / WAM The UAE cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, approved the UAE General Budget for the years 2022- 2026, with total expenditures of AED290 billion and the UAE General Budget for the year 2022, with AED58.931 billion expenditures. The meeting, held ...

Abu Dhabi / WAM Under the directives of the Supreme Council for Financial and Economic Affairs, His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, member of the Abu Dhabi Executive Council, Chairman of the Abu Dhabi Executive Office, and member of the board of Abu Dhabi Supreme Council for Financial and Economic Affairs, has launched the Abu Dhabi ...