March, 2022

• 27 March

  Big Tech faces crackdown as EU backs tough law

  

    Bloomberg Tech giants face sweeping changes to how they operate in the European Union after the bloc hammered out a deal on a new law that paves the way for multibillion euro fines and acquisition bans for the worst transgressors. The new Digital Markets Act, agreed on by negotiators in Brussels, targets so-called gatekeeper companies — platforms like Facebook ...

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• 27 March

  Spotify pulls free service from Russia

  Bloomberg Spotify Technology SA is halting its free, ad-supported service in Russia after evaluating the risks of keeping it going amid a government crackdown on news providers. The latest move follows an earlier decision to pause its paid service in the country. “Spotify has continued to believe that it’s critically important to try to keep our service operational in Russia ...

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• 26 March

  UAE is an example to newcomers in development of N-power program

  Abu Dhabi / WAM Rafael Mariano Grossi, Director General of the International Atomic Energy Agency (IAEA), has congratulated the UAE on doubling the amount of zero-carbon electricity produced at the Barakah Nuclear Power Plant with the start of commercial operations from Unit 2. In a statement on this occasion, he said, “The UAE has provided an example to nuclear newcomers ...

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• 26 March

  UAE leaders offer condolences to King Hamad of Bahrain

    Abu Dhabi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has sent a message of condolences to King Hamad bin Isa Al Khalifa of Bahrain on the death of Sheikha Sheikha bint Salman bin Hamad Al Khalifa. In his message, President His Highness Sheikh Khalifa expressed his sincere condolences and solace on the death of Sheikha ...

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• 26 March

  Adnoc Distribution okays dividend of AED1.28bn

  

    Abu Dhabi / WAM Adnoc Distribution shareholders have approved a consistent and fully maintained second and final dividend payment of AED1.285 billion (10.285 fils per share) for the year ended December 31, 2021, during the Annual General Assembly Meeting. This dividend payment comes on top of an interim AED1.285 billion (10.285 fils per share) dividend payment for the first ...

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• 26 March

  Dubai sees AED6.8b in week-long realty deals

  

    Dubai / WAM The real estate and properties transactions valued at AED6.8 billion in total during the week ending March 25, according to Dubai Land Department (DLD). The DLD weekly real estate report said that the sum of transactions was 2,461. 330 plots were sold for AED1.65 billion, 1,653 apartments and villas were sold for AED3.42 billion. The top ...

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• 26 March

  ADFD funds AED692m projects in Bangladesh

  

    Abu Dhabi / WAM Abu Dhabi Fund for Development (ADFD) and the government of Bangladesh have enjoyed close relations for more than 40 years. The ties enabled ADFD to drive development in Bangladesh through financing major developmental projects amounting to AED692 million. The initiatives covered sectors such as agriculture, energy, industry, transport and water. Moreover, ADFD also holds a ...

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• 26 March

  SMEs play critical role in UAE move towards economic growth, diversity

  

    DUBAI / WAM Small and medium enterprises (SMEs) in the UAE have taken on a critical and highly essential role in the move towards achieving economic growth and diversity. SMEs represent more than 94 percent of companies operating in the country, ably providing jobs to more than 86 percent of private sector’s workforce. In Dubai alone, they make up ...

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• 26 March

  Multiply Group invests $100m in Dewa IPO

    DUBAI / WAM Multiply Group, a technology-enabled holding company based in Abu Dhabi, on Friday announced it will be investing AED367 million ($99.92 million) into the Dubai Electricity and Water Authority’s (Dewa’s) landmark initial public offering (IPO) as a cornerstone investor. The group’s latest investment follows a series of strategic acquisitions, creating a unique technology-enabled ecosystem to pursue growth ...

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• 26 March

  ADFD finances projects worth AED692 million in Bangladesh

  

    Abu Dhabi / WAM Abu Dhabi Fund for Development (ADFD) and the government of Bangladesh have enjoyed close relations for more than 40 years. The ties enabled ADFD to drive development in Bangladesh through financing major developmental projects amounting to AED692 million. The initiatives covered sectors such as agriculture, energy, industry, transport and water. Moreover, ADFD also holds a ...

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