September, 2020

• 22 September

  Mubadala and Sberbank sign deal to explore opportunities

  

  Abu Dhabi / WAM Mubadala Investment Company (Mubadala) an Abu Dhabi-based sovereign investor, and Sberbank, the largest bank of Eastern and Central Europe, on Tuesday signed a strategic agreement to explore opportunities of mutual benefits. The agreement covers cooperation in multiple areas, including co-investments, debt and equity financing, long-term financing of Mubadala projects in Russia and other territories, advisory services, ...

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• 22 September

  CNN Academy launches in Abu Dhabi to train region’s next-gen journalists

  

  ABU DHABI / WAM The first CNN Academy in the world opened its doors for applications on Tuesday for journalists of the future to learn about multiplatform storytelling. Starting January 2021, the intensive learning programme will offer a full-time five-week course with a combination of online learning sessions and in-person workshops that will take place at CNN at twofour54. Over ...

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• 22 September

  Expo 2020: US pavilion to be completed in November

  

  ABU DHABI / WAM The construction of the US pavilion at Expo 2020 Dubai will be completed in November, John Rakolta, the US Ambassador to the UAE, said on Tuesday. “The construction of the pavilion is progressing according to our schedule. We look forward to substantial buildings’ completion sometime around November 15,” he said during a virtual media roundtable with ...

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• 22 September

  DHA, DHCA sign MoU to strengthen partnership

  Dubai / WAM The Dubai Health Authority (DHA) signed on Tuesday a Memorandum of Understanding (MoU) with the Dubai Healthcare City Authority (DHCA) to strengthen cooperation in various medical fields including insurance, transfer of permits of health professionals, education, medical training and research. The collaboration will include coordination in the field of health insurance; developing health services provided by both ...

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• 22 September

  MBRSC, Nasa ink deal to train four Emirati astronauts

  

  DUBAI / WAM The Mohammed Bin Rashid Space Centre (MBRSC) and the National Aeronautics and Space Administration (Nasa) announced that they have signed a strategic agreement to train Emirati astronauts in Nasa. This partnership aims to prepare Emirati astronauts for advanced space missions by providing them with the highest level of expertise and knowledge. Under the agreement, four Emirati astronauts ...

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• 22 September

  Nikola’s plunge hits Nel stock hard

  

  Bloomberg Nikola Corp’s latest stock plunge sent shares of Norwegian green energy company Nel ASA to a nearly 17% drop. The Oslo-based company is critically tied to Nikola, which is set to be a major buyer of Nel’s technology to create hydrogen. Earlier this year, Nikola made a more than $30 million order for Nel’s electrolysers that would create the ...

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• 22 September

  Exxon lines up bidders for aging UK oil, gas fields

  

  Bloomberg Exxon Mobil Corp’s UK North Sea assets have attracted suitors from state-owned companies to private equity-backed firms as the US oil giant seeks to exit the aging region altogether, according to people with knowledge of the matter. China Petroleum & Chemical Corp, Kuwait Foreign Petroleum Exploration Co and the UK’s EnQuest Plc are among bidders, the people said, asking ...

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• 22 September

  UK, Netherlands plan to link offshore wind farms

  

  Bloomberg The UK’s National Grid Plc and Dutch power transmission operator Tennet Holding BV are developing a plan to link the two countries’ power markets via giant wind farms at sea. The network managers want to use underwater cables to connect as much as 4 gigawatts of offshore wind farms to the power grids of both countries, a move that ...

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• 22 September

  Trump is proving that democracy is broken

  

  Republicans are likely to move ahead and fill the current Supreme Court vacancy to replace the late Justice Ruth Bader Ginsburg, even if doing so contradicts the rationalisations they offered in 2016 for squashing President Barack Obama’s nomination of Judge Merrick Garland after Justice Antonin Scalia’s death. On this point, at least, President Donald Trump is honest: “Merrick Garland is ...

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• 22 September

  Microsoft’s Bethesda buy beats TikTok

  

  Ask enough gamers about their favourite console and this is what you’ll generally learn: Those who play Xbox tend to love it and stay loyal to that system, but PlayStation has the best games. Microsoft Corp, Xbox’s parent company, is betting $7.5 billion that it can change that perception. Microsoft agreed to acquire ZeniMax Media Inc, the owner of popular ...

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