February, 2022

• 23 February

  Mubadala leads $500m equity round into Princeton Digital

  

    Abu Dhabi / WAM Singapore-based Princeton Digital Group (PDG) has closed an equity investment from Mubadala Investment Company (Mubadala) as a lead investor for $350 million. Both existing shareholders in PDG, Warburg Pincus and Ontario Teachers’ Pension Plan Board (Ontario Teachers’), also invested in this round, with the total exceeding half a billion dollars. Established in 2017, PDG is ...

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• 23 February

  UAE leaders wish Saudi King on kingdom’s Founding Day

  DUBAi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, have sent congratulatory messages to the Custodian of ...

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• 23 February

  Umex, SimTex see deals worth AED1.62 billion

  

    Dubai / WAM The Ministry of Defence announced the signing of three new deals with an overall value of over AED966.25 on the second day of the 5th edition of Umex & SimTex 2022. Under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed ...

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• 23 February

  UAE, Czech Republic sign deal to boost trade, economic cooperation

  

    DUBAI / WAM Etihad Credit Insurance (ECI), the UAE Federal export credit company, signed a memorandum of understanding (MoU) with the Czech Republic’s Export Guarantee and Insurance Corporation (EGAP) to enhance the trade, investment, and economic cooperation between the two countries. Under the agreement, the state export credit agencies will cooperate in joint projects to expand their exports globally, ...

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• 23 February

  ADFD, Mauritius explore ways to strengthen ties

  

    ABU DHABI / WAM Mohammed Saif Al Suwaidi, Director-General of the Abu Dhabi Fund for Development (ADFD), has received at the fund’s headquarters in Abu Dhabi Shaukat Ali Soudhan, Ambassador of Mauritius to the UAE. Khalifa Abdullah Al Qubaisi, Deputy Director-General of ADFD; and other senior officials from both sides were present at the meeting. The parties discussed bilateral ...

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• 23 February

  Etihad Airways launches new summer routes

    ABU DHABI / WAM Etihad Airways will launch a seasonal twice-per-week service to Crete, the largest island in Greece, starting June 15. The flights are set to be operated on an Airbus A320 aircraft and will connect Abu Dhabi to the main city of Heraklion. Lying in the Aegean Sea, Crete offers travellers a rich tapestry of spectacular landscapes, ...

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• 23 February

  DXB remains world’s busiest airport for 8th straight year

  

    Dubai / WAM Dubai International (DXB) continues to be the world’s busiest airport by international passenger numbers for the eighth consecutive year after clocking 29.1 million in annual traffic in 2021. DXB’s annual traffic exceeded forecasts for the year by more than half a million passengers, on the back of a strong last quarter. Paul Griffiths, CEO of Dubai ...

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• 23 February

  Edge group unveils remote control weapon station at Umex 2022

  

    ABU DHABI / WAM Edge Group, an advanced technology group for defence and beyond and one of the top 25 defence contractors globally, has unveiled the 7IS Remote Control Weapon Station (RCWS) at the Unmanned Systems Exhibition and Conference (Umex) 2022, taking place at the Abu Dhabi National Exhibition Centre (Adnec) from February 21-23. The 7IS is a two-axis, ...

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• 23 February

  Ewec to host third clean energy certificates auction

  

    ABU DHABI / WAM Emirates Water and Electricity Company (Ewec), a leading company in the integrated coordination of planning, purchasing and supplying of water and electricity across the UAE, announced it will host the third auction for Clean Energy Certificates (CECs) in Abu Dhabi, on March 14, following two successful auctions last year. CECs enable Abu Dhabi entities to ...

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• 23 February

  Deal signed to promote watersports in Dubai

  

    Dubai / WAM Dubai International Marine Club, the government body responsible for marine sports in Dubai, and P&O Marinas, DP World’s portfolio of world-class luxury marinas and picturesque harbours, have signed a cooperation agreement to enhance the strategic partnership and coordinate efforts to develop watersports activities and events. The agreement was signed at the P&O Marinas headquarters in Mina ...

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