November, 2021

• 17 November

  Temasek sells off Chinese tech stocks

  

  Bloomberg Singapore’s state-owned investor Temasek Holdings Pte sold shares of US-listed Chinese technology companies from Alibaba Group Holding Ltd and Didi Global Inc to online education providers amid regulatory crackdowns. Temasek cut 16% of its stake in e-commerce giant Alibaba and 11% of its shares in ride-hailing service Didi, according to a 13F filing for the three months ended September ...

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• 16 November

  UAE to host ‘Global Prosperity Conference’ on November 24

  

  DUBAI / WAM The Mohammed Bin Rashid Initiative for Global Prosperity Monday announced that it will host the Global Prosperity Conference to explore the role of start-ups, disruptive business models, and digital innovations to support the advancement of the United Nations Sustainable Development Goals (SDGs) and drive global good. Reinforcing the importance of technology as a key tool for positive ...

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• 16 November

  Dubai Airshow: UAE Armed Forces sign deals worth AED11b on Day 2

  

  Dubai / WAM On the second day of Dubai Airshow 2021, the Ministry of Defence announced the conclusion of 5 deals at the value of AED11,284,837,000.00 with local and international companies. The total number of deals in these two days have been 10 contracts with a total value of AED16,524,044,000.00. The deals of the first day amounted to AED5,239,207,000. This ...

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• 16 November

  Adipec opens with participation of top global energy leaders

  ABU DHABI / WAM This year’s Adipec — the global energy industry’s largest, most important and influential event — opened on Monday and will run until November 18 to offer face-to-face meetings for the energy industry following the challenges of Covid-19. The event is held under the patronage of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, and hosted ...

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• 16 November

  Tawazun, BDF to enhance ties in defence sectors

  

  DUBAI / WAM Tawazun Economic Council (Tawazun) and Bahrain Defence Force (BDF) have signed a Memorandum of Understanding (MoU) to boost cooperation in defence industries and to exchange information and expertise on industrial participation and offset programmes. Present at the signing ceremony were Kamal bin Ahmed Mohammed, Bahraini Minister of Transport and Telecommunications; Matar Salem Al Dhaheri, Under-Secretary of the ...

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• 16 November

  EDB, Dubai Industries & Exports ink deal to bolster industrial growth

  

  DUBAI / WAM Emirates Development Bank (EDB) has announced the signing of a strategic agreement with Dubai Industries & Exports (Dubai IE) to provide innovative financing and banking solutions to SMEs and corporates aimed at supporting the growth of UAE’s industrial sectors and exports. Signed by Ahmed Mohamed Al Naqbi, CEO of EDB, and Saed Al Awadi, CEO of Dubai ...

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• 16 November

  Edge-Lockheed pact to boost UAE Apache pilots capabilities

  

  DUBAI / WAM Edge, the region’s leading advanced technology group for defense and beyond, on Monday announced the signing of a Memorandum of Understanding (MoU) between EARTH, an entity within Edge Group, and Lockheed Martin, that has the potential to modernise aviation capabilities for UAE Apache pilots. Omar Al Zaabi, Senior Vice President, Head of Programme Acquisition at Edge, and ...

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• 16 November

  G42 partners with GMIS to explore AI

  DUBAI / WAM The Global Manufacturing and Industrialisation Summit (GMIS) and G42 have announced a partnership to explore the latest trends and opportunities in artificial intelligence (AI), advanced analytics and cloud computing to accelerate the digitisation of manufacturing processes and drive supply chain improvements. Through this partnership, GMIS and G42 will promote the adoption of disruptive technologies to solve some ...

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• 16 November

  Bank Alfalah, LuLu Exchange to ease remittances to Pakistan

  

  Dubai / Emirates Business In a major boost to the Pakistan payments corridor, LuLu Exchange – a leading financial services provider in the UAE has entered into a strategic partnership with Bank Alfalah, a leading bank in Pakistan, to accelerate and scale cross border remittance payments from the UAE to Pakistan through the RippleNet platform. The payment integration by Bank ...

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• 16 November

  Abu Dhabi Art Fair opens on November 17

  Abu Dhabi / WAM Held under the patronage of HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council and Chairman of Abu Dhabi Executive Office, the 13th edition of Abu Dhabi Art Fair will open to the public on Wednesday at Manarat Al Saadiyat, Abu Dhabi. Organised by DCT – Abu Dhabi, the ...

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