ABU DHABI / WAM Abu Dhabi Catalyst Partners (ADCP), a joint venture between Mubadala Capital and Alpha Wave Global, has made a strategic investment in Measa Partners Ltd, an Abu Dhabi-based investment company founded by Al Maskari Holding to attract global institutional investors to participate in the Middle East — Africa —Southern Asia (Measa) growth story. ADCP’s equity investment is ...

ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Tuesday visited SeaWorld Yas Island, Abu Dhabi, the first marine life theme park in the Middle East and the first SeaWorld park outside the United States. During the visit, His Highness Sheikh Mohammed bin Rashid ...

VIENNA / WAM The United Arab Emirates signed a finalised air transport services agreement with the Republic of Austria at the Ministry of Foreign Affairs in the capital, Vienna. The agreement, which aims to strengthen air transport relations between the two countries, was signed on behalf of the UAE by Hamad Al Kaabi, UAE ambassador to the Republic of Austria, ...

DUBAI / WAM In implementation of a UAE cabinet resolution, the pool of private sector establishments subject to Emiratisation targets will be expanded to include companies and individual establishments with 20 to 49 employees in specific economic activities, the Ministry of Human Resources and Emiratisation (MoHRE) announced. The decision aims to increase the number of Emiratis employed in targeted establishments ...

DUBAI / WAM Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (Measa) region, on Tuesday announced it is the first financial centre in the region to enter into an agreement with the Alternative Investment Management Association (Aima), the alternative investment industry’s pre-eminent voice globally, representing over 2,100 corporate members with ...

SEOUL / WAM Abdullah bin Touq Al Marri, Minister of Economy, led the UAE delegation on a visit to Samsung’s headquarters in the Republic of Korea to learn about the company’s future expansion and investment plans and strengthen its partnership with the UAE market. The minister was received by Oh-Hyun Kwon, CEO and Vice President of Samsung Electronics. The UAE ...

SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI) held a press conference to reveal the details of the 7th edition of the Al Dhaid Date Festival. The conference, held at the Al Dhaid Expo Centre, was attended by strategic partners from government departments and institutions. During the conference, Mohamed Ahmed Amin Al Awadi, Director-General, SCCI, emphasised that ...

BLOOMBERG Hyundai Motor Co recruited female technicians for automobile manufacturing in South Korea for the first time, following union pressure to improve gender equality. The world’s third-largest automaker hired six women out of 200 new technicians, the first time it allowed females to apply for the position since the company started in 1967, according to a statement from Korea Metal ...

BLOOMBERG France’s Renault SA has formally signed a joint venture agreement with China’s Zhejiang Geely Holding Group Co to set up a new combustion engine and hybrid powertrain company. The move follows a letter of intent signed between the three parties in March as the joint venture seeks to pool resources to work on hybrid technology and synthetic fuels to ...

BLOOMBERG Tata Group, India’s largest conglomerate, is close to an agreement to acquire an Apple Inc supplier’s factory as soon as August, marking the first time a local company would move into the assembly of iPhones, according to people familiar with the matter. A takeover of the Wistron Corp factory in southern Karnataka state, potentially valued at more than $600 ...