ABU DHABI / WAM Emirates Global Aluminium (EGA) on Thursday announced that BMW Group is the first customer for CelestiAL-R, EGA’s world-first blend of solar aluminium and recycled metal. All EGA’s aluminium supplies to BMW Group since the start of 2023 have been CelestiAL-R. The metal is used in BMW Group electric drivetrain housings, engine components and large-scale structural parts. ...

ABU DHABI / WAM G42, the leading Abu Dhabi-based technology company, and Viola, Israel’s leading technology investment group with over $5 billion in assets under management, on Thursday launched Global Valley, a talent-as-a-service platform that meets the ongoing worldwide demand for top tech talent. The joint venture between G42 and Viola is supported by the Abu Dhabi Investment Office (Adio) ...

ABU DHABI / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Minister of the Presidential Court and Chairman of the Central Bank of the UAE (CBUAE), has chaired the meeting of the CBUAE Board of Directors, which took place at Qasr Al Watan, Abu Dhabi. The CBUAE board went over the meeting’s agenda, reviewed ...

ABU DHABI / WAM UAE President HH Sheikh Mohamed bin Zayed Al Nahyan sent a letter to Ferdinand Marcos Jr, President of the Republic of the Philippines, which included an invitation to the Conference of the Parties to the UN Framework Convention on Climate Change (COP28), which will be held at Expo City Dubai in November. The invitation was presented to ...

BLOOMBERG The yen weakened to its lowest since November against the dollar as traders shifted their focus from a hawkish Federal Reserve to Friday’s Bank of Japan (BOJ) policy decision. The relatively hardline stance from Fed officials stands in sharp contrast to BOJ policymakers who have stuck with monetary easing even as most global peers tighten, a disparity that favors ...

BLOOMBERG Stocks retreated on Thursday, with sentiment subdued by the Federal Reserve’s hawkish tone and weak economic data from China. Futures for US benchmarks slid after Chairman Jerome Powell said nearly all Fed officials expected it would be appropriate to raise interest rates “somewhat further” this year following the pause. The tech-heavy Nasdaq 100 was set to trim some of ...

ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Chad’s interim president, Mahamat Idriss Deby, have witnessed the exchange of a number of agreements and memoranda of understanding between the UAE and Chad in various fields aimed at advancing bilateral cooperation. The agreements and MoUs – which were signed at Al Shati Palace – included the ...

ABU DHABI / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Minister of the Presidential Court and Owner of Manchester City FC, today received at Qasr Al Watan Pep Guardiola, Manager of Manchester City FC, and Khaldoun Khalifa Al Mubarak, Chairman of the Executive Affairs Authority and Chairman of the Board of Directors of ...

HANOI / WAM H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, discussed with Pham Minh Chinh, Prime Minister of Vietnam, bilateral cooperation ties and ways to enhance them in various domains, including economic, trade and investment. During the meeting, which comes within the framework of Sheikh Abdullah’s work visit to Hanoi, the UAE Minister of Foreign Affairs ...

DUBAI / WAM The Digital School, one of Mohammed bin Rashid Al Maktoum Global Initiatives, has inaugurated 66 new digital learning centres in the Islamic Republic of Mauritania. These centres were established in collaboration with the Emirates Red Crescent (ERC) as part of the Digital School’s initiatives aimed at disseminating digital education skills and solutions in the Arab region. The ...