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ABU DHABI / WAM In 2022, Hub71, Abu Dhabi’s global tech ecosystem, experienced a remarkable 102% growth in its community, with more than 200 start-ups joining its ranks, including 51 early-stage companies relocating to the UAE’s capital to scale their businesses rapidly. Since its inception, these start-ups have collectively raised nearly AED4.5 billion ($1.2 billion) in venture capital and created ...

ABU DHABI / WAM The central bank of UAE (CBUAE) jointly held a signing ceremony with G42 Cloud and R3 to mark the implementation of the CBUAE Central Bank Digital Currency (CBDC) Strategy, one of the nine initiatives of the CBUAE’s Financial Infrastructure Transformation (FIT) Programme. The CBUAE has engaged with G42 Cloud and R3 as the infrastructure and technology ...

LATAKIA / WAM The Emirates Red Crescent (ERC) is continuing its distribution of humanitarian aid during the Holy Month of Ramadan as part of Operation “The Gallant Knight 2” for those affected by the earthquake occurred last month in Syria. This has been the most important humanitarian initiative by the UAE’s wise leadership for the Syrian people. ERC teams began ...

DUBAI / GULF TIME Dubai-based dnata, a leading global air and travel services provider, expanded its long-standing partnership with American Airlines to support the carrier’s growing business in India. The Texas-based airline currently operates daily flights between New York and Delhi, as well as offering domestic services through its partnership with IndiGo, with plans for further expansion. dnata Representation Services ...

DUBAI / WAM Saeed Mohammed Al Tayer, Chairman of the Board of Trustees of the UAE Water Foundation (Suqia UAE), affirmed Suqia’s commitment to continue making a positive change in the lives of millions around the world by providing clean water and turn their dream of access to clean and safe water into a reality. His announcements came on World ...

SHARJAH / WAM American University of Sharjah (AUS) has been ranked as the top university in the UAE in architecture/built environments, art and design, civil and structural engineering (tied), accounting and finance, and business and management studies, according to the QS World University Rankings by Subject 2023. It has also been ranked as the top university in the UAE in ...

SHARJAH / WAM Arada relaunched its landmark ‘Home for a Home’ Ramadan campaign to provide further housing for the vulnerable refugee population at the Kakuma camp in the Kalobeyei settlement in northern Kenya. The social responsibility initiative will build a family home at the camp for each home that is sold during Ramadan at Masaar — Arada’s woodland community in ...

NEW YORK / WAM Ares Management Corporation, a leading global alternative investment manager, and Mubadala Investment Company, a global sovereign investor, on Wednesday announced the formation of a joint venture (JV) to invest in global credit secondaries opportunities. The joint venture, anchored by Mubadala, will initially aim to deploy approximately $1 billion as it seeks to capitalise on the anticipated ...

DUBAI / WAM Under the directives of Her Highness Sheikha Hind bint Maktoum bin Juma Al Maktoum, wife of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and Chairperson of the Board of Trustees of UAE Food Bank, the UAE Food Bank has initiated a campaign to provide ...

ABU DHABI / WAM Shareholders of Waha Capital has announced approving a cash dividend of 8 fils per share for the 2022 financial year at the company’s annual general meeting (AGM). At the AGM, shareholders also authorised the company to contribute up to 1% of its net profit for the financial year ended on December 31, 2022 towards CSR initiatives. ...