ABU DHABI / WAM AD Ports Group, a leading facilitator of global trade, logistics, and industry, and Premier Marine Engineering Services (Premier Marine), a UAE-based shipyard company specialising in ship building and repair services to marine and offshore industries, on Sunday announced the formation of a new joint venture, SAFEEN Drydocks. The joint venture is structured as a 51 percent ...

DUBAI / WAM The Mohammed Bin Rashid Space Centre (MBRSC) on Sunday announced the winners of the UAE Zero Robotics Programming Challenge (UAE ZRPC), a unique programming competition which took place onboard the International Space Station (ISS) with the participation of Emirati astronaut Sultan AlNeyadi. The UAE ZRPC was developed in collaboration with the Massachusetts Institute of Technology (MIT) and ...

ABU DHABI / WAM Sorbonne University Abu Dhabi announced the official launch of its Research Institute, a pioneering initiative aimed at formalising and structuring research activities while fostering collaboration and attracting international researchers. The inauguration ceremony took place in the presence of dignitaries including Prof Guillaume Fiquet, Vice-President Sorbonne University in charge of International Engagement and Economic Partnerships, Prof Silvia ...

JAKARTA / WAM  DP World is set to commence operations at Indonesia’s Belawan New Container Terminal (BNCT), after finalising an agreement with the Indonesia Investment Authority and Pelindo to manage the terminal and begin a major expansion. The strategic partnership between the Indonesia Investment Authority (INA), Indonesian government-owned port operator Pelindo, and DP World, will create Indonesia’s most direct link ...

ABU DHABI / WAM The Emirates Mission to the Asteroid Belt (EMA), the first multiple-asteroid tour and landing mission to the main belt, will be represented by science team members making a number of presentations at ACM 2023, the premier international gathering of scientists who study small bodies, taking place in Flagstaff, Arizona. The recently announced Emirates’ Mission to the ...

ABU DHABI / GULF TIME Under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi, and Chairman of the Executive Council, Abu Dhabi Global Market (ADGM), the international financial centre of UAE’s capital city, will conduct the second edition of its ground-breaking event, Abu Dhabi Finance Week (ADFW) in November ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Friday received a phone call from President Ferdinand Marcos Jr of the Philippines. During the call, the two leaders discussed various areas of cooperation between the UAE and the Philippines and explored opportunities to further develop bilateral relations aimed at boosting the sustainable development ambitions ...

DUBAI / GULF TIME The sands of the UAE fell to unveil Titan Marhaba, the latest collection from the renowned watchmaker inspired by the culture, architecture, and people of the Middle East. Designed to reflect the fusion of faith and fashion, tradition, and modernity, the official launch of this hotly anticipated collection took place this morning at Al Fanar, the ...

BLOOMBERG Japanese stocks fell as some of the best-performing shares this year led losses amid expectations domestic pension funds will pare positions to rebalance their portfolios before the quarter ends. The Nikkei 225 Stock Average declined 1.5% to 32,781.54 as of market close in Tokyo, ending a string of weekly gains that began in early April. The Topix fell 1.4% ...

BLOOMBERG Investors fled into the safety of bonds and stocks fell, as a lurch towards higher interest rates together with weak euro-area activity data heightened anxiety that aggressive central bank policy will tip economies into recession. Global stocks headed for their biggest weekly decline in more than three months. European shares slipped, with a record 36% drop in Siemens Energy ...