January, 2024

• 12 January

  ADQ, ADNEC Group sign definitive agreements to acquire 40.5% stake in TMG Holding’s hospitality business in Egypt

  

  ABU DHABI / WAM ADQ, an Abu Dhabi-based investment and holding company, and ADNEC Group today announced the signing of definitive agreements for the strategic acquisition of a 40.5 percent stake in Egypt-based Talaat Moustafa Group Holding’s hospitality arm, ICON Group through a capital increase. ADQ and ADNEC will invest through a special purpose vehicle, with 49 percent equity ownership …

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• 12 January

  UAE, Kazakhstan sign agreement on investment cooperation in data centre and artificial intelligence projects

  

  ABU DHABI / WAM The UAE Ministry of Investment has signed a Memorandum of Understanding (MoU) with the Ministry of Digital Development, Innovations, and Aerospace Industry of the Republic of Kazakhstan and the Sovereign Wealth Fund Samruk-Kazyna. This strategic agreement aims to create a framework for investment cooperation in data centre and artificial intelligence (AI) projects in Kazakhstan. The MoU …

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• 12 January

  UAE and Seychelles discuss parliamentary relations

  

  ABU DHABI / WAM Ali Rashid Al Nuaimi, Chairman of the Defence, Interior and Foreign Affairs Committee at the Federal National Council (FNC) and Chairman of the UAE Parliamentary Division at the Inter-Parliamentary Union (IPU), today, met with Waven William, Chairperson of the International Affairs Committee of the National Assembly of Seychelles and President of the Standing Committee on Sustainable …

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• 12 January

  UAE expresses deep concern regarding repercussions of attacks on marine navigation in Bab Al-Mandab and Red Sea

  

  ABU DHABI / WAM The UAE expresses its deep concern regarding the repercussions of the attacks on marine navigation in Bab Al-Mandab and the Red Sea. The attacks constitute an unacceptable threat to international trade, security of the region, and international interests. In this regard, the UAE stresses the importance of protecting the security of the region, as well as …

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• 12 January

  In his capacity as Ruler of Abu Dhabi, UAE President issues Law establishing Abu Dhabi Hazardous Materials Management Centre

  

  ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan, in his capacity as Ruler of Abu Dhabi, has issued a Law establishing the Abu Dhabi Hazardous Materials Management Centre, which will operate under the authority of Abu Dhabi Police General Headquarters. The centre aims to develop an integrated ecosystem to enhance the effective management of hazardous …

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• 12 January

  Sharjah and Sfax Chambers discuss advancing ties between UAE, Tunisia

  

  SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI) and the Chamber of Commerce and Industry of Sfax, Tunisia, held a meeting to discuss advancing cooperation and joint efforts to further develop the relations between the two countries’ business communities. The meeting touched on exchanging commercial delegations, holding joint events and forums, and improving coordination to encourage businessmen …

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• 12 January

  CBUAE cancels licence of First Insurance Brokers Company

  

  ABU DHABI / WAM The Central Bank of the UAE (CBUAE) has cancelled the licence of First Insurance Brokers Company (First Insurance), an insurance company operating in the UAE and struck its name off the Register, pursuant to Article 22 (2) of the Board of Directors Resolution No.15 of 2013 Concerning Insurance Brokerage Regulations. The sanction comes as a result …

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• 12 January

  UAE, India issue Joint Statement affirming commitment to continue collaboration to reinforce longstanding strategic partnership

  

  ABU DHABI / WAM At the invitation of the Prime Minister of the Republic of India, Shri Narendra Modi, President His Highness Sheikh Mohamed bin Zayed Al Nahyan paid an official visit to Gujarat, India from 9th-10th January 2024 as the Chief Guest of the 10th edition of Vibrant Gujarat Global Summit 2024. Prime Minister Shri Narendra Modi welcomed His …

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• 12 January

  THINKLIGHT conference at Light + Intelligent Building Middle East to spotlight future of light and buildings

  

  DUBAI / WAM Energy efficiency, sustainability, safety, inclusivity and functionality will be the key areas discussed at the forthcoming THINKLIGHT conference, part of Light + Intelligent Building Middle East, the leading exhibition for lighting, electrical engineering, and building% technology when it returns to the Dubai World Trade Centre next week. According to the latest statistics from market research specialists, Mordor …

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• 12 January

  ‘Lunate Capital’ launches Shariah-compliant ETF tracking Indian equities

  

  ABU DHABI / WAM Lunate Capital LLC, an Abu-Dhabi-based management company licenced by the Securities and Commodities Authority (SCA) and a subsidiary of Lunate Holding RSC Limited, announced the launch of the Chimera SP India Shariah ETF, a physical, in-kind, liquid, and fully fungible exchange traded fund, that will list on the Abu Dhabi Securities Exchange (ADX). The Fund will …

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