July, 2023

• 11 July

  Added, NWTN ink deal to boost green auto industry in Abu Dhabi

  

  ABU DHABI / WAM The Abu Dhabi Department of Economic Development (Added) and NWTN Inc, an eco-conscious mobility technology company bringing passenger-centric green premium mobility solutions to the world, have inked an agreement to train and provide job opportunities for UAE talent and develop the automotive industry as well as green economy. NWTN plans to build an integrated production line ...

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• 11 July

  UAE accelerates to net zero with nationwide emissions reduction of 40% by 2030

  

  DUBAI / WAM Following the UAE cabinet’s approval of the Third Update of the country’s Second Nationally Determined Contributions (NDC) under the Paris Agreement, the Ministry of Climate Change and Environment (MOCCAE) on Tuesday announced a comprehensive roadmap to achieving 40 percent emission reduction by 2030 compared to business as usual. The Third Update of the Second NDC marks a ...

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• 11 July

  UAE President sends official COP28 Invite to President of Sao Tome and Principe

  

  ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan sent a written letter to Carlos Vila Nova, President of the Democratic Republic of Sao Tome and Principe, which included an official invitation to the Conference of the Parties to the UN Framework Convention on Climate Change (COP28), which will be held at Expo City Dubai ...

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• 11 July

  UAE ambassador to Peru meets Peruvian minister of Economy and Finance

  

  LIMA / WAM Mohamed Abdulla Al Shamsi, UAE ambassador to the Republic of Peru, has met with Alex Contreras Miranda, Minister of Economy and Finance, at the Ministry’s headquarters in the Peruvian capital, Lima. During the meeting, they reviewed prospects for cooperation between the UAE and Peru. Al Shamsi and Miranda also discussed promising investment opportunities and stimulating investment flows, ...

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• 11 July

  EAD reaches goal of all schools to join Sustainable Schools Initiative

  

  ABU DHABI / WAM Environment Agency – Abu Dhabi (EAD) announced, in collaboration with the Ministry of Education (MoE), Emirates Schools Establishment, and the Abu Dhabi Department of Education and Knowledge (Adek), that all schools in the emirate have now pledged to join EAD’s Sustainable Schools Initiative (SSI), globally recognised by the United Nations Environment Programme (UNEP). This initiative will ...

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• 11 July

  SEC exempts Ruwad projects from 50% of government department fees

  

  SHARJAH / WAM The Sharjah Executive Council (SEC) held on Tuesday its weekly meeting under the chairmanship of HH Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Deputy Chairman of SEC. The meeting discussed a number of topics on its agenda covering several topics, including progress of government work in the emirate, the development of ...

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• 11 July

  MBRAH, Tim Investment sign pact to launch MRO hangar

  

  DUBAI / WAM The Mohammed bin Rashid Aerospace Hub (MBRAH) announces the signing of an agreement with Tim Investment that will launch an MRO hangar at Dubai South that caters to wide-body aircrafts. The signing ceremony took place at Dubai South HQ and was attended by Khalifa Al Zaffin, Executive Chairman of Dubai Aviation City Corporation and Dubai South, Tahnoon ...

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• 11 July

  UAE leaders congratulate Mongolian President on National Day

  

  ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Ukhnaagiin Khurelsukh of Mongolia on the occasion of his country’s National Day. 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 ...

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• 11 July

  London bank bonuses plunge across board in M&A drought

  

  BLOOMBERG  The slump in dealmaking cut pay for investment bankers at almost every level of seniority in London last year, more evidence of the global slowdown in the sector. The highest tier of vice presidents made 13% less, and all but the most junior associates saw their total compensation fall, according to a survey of about 250 bankers by global ...

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• 11 July

  Bain Capital, Carlyle study bids for Gautam Adani’s shadow bank

  

  BLOOMBERG  Bain Capital and Carlyle Group Inc are among potential bidders for a controlling stake in Gautam Adani’s shadow bank, according to people familiar with the matter, as the Indian billionaire looks to conserve cash and focus on core businesses. The Adani Group is working with an adviser to look for buyers for Adani Capital after an initial public offering ...

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