ABU DHABI / WAM The winners of the inaugural Make it in the Emirates Start-up Pitch Competition were announced at the Make it in the Emirates Forum that took place in Abu Dhabi. Three startups were revealed as winners of the first edition of the Make it in the Emirates Startup Competition. Twenty-four startups were shortlisted to participate in the ...

ABU DHABI / WAM The Ministry of Industry and Advanced Technology (MoIAT) and Mext signed a memorandum of understanding (MoU) to implement the UAE’s Industrial Technology Transformation Index (ITTI) and deploy the index overseas for the first time. The move is part of the UAE’s efforts to accelerate decarbonisation and digitalisation within the global manufacturing sector. First implemented in the ...

ABU DHABI / WAM The Securities and Commodities Authority (SCA) entered into a memorandum of understanding (MoU) with the Astana Financial Services Authority (AFSA) in Kazakhstan to establish a framework for mutual cooperation in supervision, surveillance, and information exchange, thereby enhancing market transparency and increasing the efficiency of the securities sector in both countries. The MoU was signed between Dr ...

ABU DHABI / WAM The UAE Space Agency (UAESA) announced the first batch of opportunities for startups, private companies, and research centres in the UAE to take part in the Emirates Mission to the Asteroid Belt, the first-ever mission to explore and study seven asteroids of the main asteroid belt. The invite came at the UAESA’s participation in the “Make ...

BLOOMBERG Wall Street’s reaction to the latest jobs report showed bets that another Federal Reserve interest-rate hike is likely in the bag — but that wouldn’t necessarily happen in June. As Treasury yields climbed, swap contracts projected officials will probably wait until next month to tighten again. The possibility of a Fed pause, more signals that the economy is still ...

BLOOMBERG The ESG fund with the biggest exposure to Nvidia Corp has just beaten 99% of its peers, as bets on artificial intelligence (AI) transform the fortunes of portfolios promoting environmental, social and governance principles. The $830 million Nvidia stake held by Swedbank Robur Technology C makes it the most exposed ESG-registered fund to the world’s most valuable chip company, ...

ABU DHABI / WAM The UAE’s economic growth is expected to remain robust, averaging 4.6 percent from 2022 to 2024, driven by higher oil prices and improved business confidence, according to the Arab Monetary Fund (AMF). The AMF’s “Arab Economic Outlook Report forecasts a 4.2 percent growth rate for the UAE in 2023, accompanied by a decline in the consumer ...

SEOUL / WAM  The UAE’s General Civil Aviation Authority (GCAA) participated in the second World Aviation Forum hosted by the International Civil Aviation Organisation (ICAO) in Seoul, Republic of Korea. Saif Mohammed Al Suwaidi, Director-General of the GCAA, and Saeed Mohammed Al Suwaidi, Permanent Representative of the UAE to the ICAO, headed the Emirati delegation. The key event combined four ...

ABU DHABI / WAM The Ministry of Industry and Advanced Technology (MoIAT) signed a memorandum of understanding (MoU) with Etihad Aviation Group to provide new incentives for companies certified under the National In-Country Value (ICV) Programme. The incentives include discounts on Etihad’s cargo rates and miles on-board flights. The MoU was signed during the second edition of the Make it ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to the newly sworn-in Nigerian President Bola Ahmed Tinubu. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai; and His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, ...