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ABU DHABI/ WAM Mubadala Investment Company (Mubadala), the Abu Dhabi sovereign investor, has announced its investment in Zenobē, a global player in fleet electrification and battery storage solutions. This strategic investment by Mubadala was executed with Infracapital, the infrastructure equity investment arm of MG Plc, where Mubadala is a strategic limited partner. Founded in 2017 and headquartered in London, Zenobē ...

DOHA/ WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan headed the UAE delegation participating in the 44th Session of the Gulf Cooperation Council Supreme Council. The summit was inaugurated today in Doha by His Highness Sheikh Tamim bin Hamad Al Thani, Emir of the State of Qatar. The summit addressed ways to build upon the historical cooperation ...

RAS AL KHAIMAH / WAM H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, has directed to reduce commercial licensing fees by 25 percent for all small and medium enterprises (SMEs) in the southern regions. The directives came within the framework of Sheikh Saud’s follow-up of work progress in various economic sectors in ...

DUBAI / WAM The Emirates Nuclear Energy Corporation (Enec) and Westinghouse, an international leader in designing, developing and deploying commercial nuclear energy facilities, have together signed a memorandum of understanding (MoU) regarding the eVinci microreactor as a key solution for tackling the dual challenges of energy security and climate change. The MoU signing took place at COP28 between Mohamed Al ...

DUBAI / WAM Dubai’s Roads and Transport Authority (RTA) has endorsed the ‘Dubai Portfolio for Public-Private Partnership (PPP) (2024-2026),’ encompassing 10 projects with an estimated value of AED2.5 billion. The move is in line with Dubai Government’s strategy to foster public-private partnerships aimed to boost the emirate’s economic growth by expanding the role of the private sector in the development ...

DUBAI / WAM Sheikha Shamma bint Sultan bin Khalifa Al Nahyan, President and CEO of UAE Independent Climate Change Accelerators (UICCA), on Tuesday chaired a Youth Ambition Majlis at COP28, hosted by Shamma bint Suhail Faris Al Mazrouei, Minister of Community Development and COP28 Youth Climate Champion. The Majlis highlighted the central role of young people in addressing climate change, ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, met with senior officials and decision-makers from leading global agencies shaping climate policies and space programmes, on the sidelines of their participation in the Space Agencies Leaders’ Summit, at Expo City Dubai. The summit, the first of ...

DUBAI / WAM With the rising waves of “climate migration” happening around the world, hopes are pinned on the ongoing 28th UN Climate Change Conference (COP28) held in Dubai to alleviate the impact of this phenomenon amid escalating concerns due to the increasing effects of climate change. Climate change is a significant driver of internal migration due to its effects ...

DUBAI / WAM The 28th Conference of the Parties (COP28) provides a platform for universities and educational institutions to present their research contributions and innovations in climate action. The following report details the projects and innovations executed by research teams at Khalifa University. The university plays a prominent role in driving and accelerating innovation, boasting distinguished academic programmes, advanced research ...

ABU DHABI / WAM The Ministry of Economy, in partnership with global fintech company Capital.com and leading Vietnamese electric vehicle producer VinFast, has hosted the Sustainable Trade Forum at COP28. A key component of the first ever Trade Day at a Conference of the Parties, the forum brought together global business and investment leaders to offer private-sector perspectives on global ...