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ABU DHABI / WAM Emirates Development Bank (EDB) and the Abu Dhabi Investment Office (Adio) have announced the signing of a Memorandum of Understanding (MoU) to collaborate on promoting business setup and foreign direct investments into Abu Dhabi. The MoU between EDB and Adio aims to help private sector companies establish and grow in the Emirate of Abu Dhabi, while ...

MANAMA / WAM Sheikh Sultan bin Hamdan bin Zayed Al Nahyan, UAE Ambassador to Bahrain, has met with Sheikh Salman bin Khalifa Al Khalifa, Bahrain’s Minister of Finance and National Economy, where they discussed the distinguished relations between the two countries and ways to enhance cooperation to achieve their common interests. During the meeting, held at the Minister’s office in ...

ABU DHABI / WAM Etisalat Group and G42 have announced the signing of a binding agreement to merge their data centre (DC) offering in the UAE. A total of twelve data centres will be combined in a new joint venture business operating under Khazna Data Centres, creating the UAE’s largest data centre provider. G42 and Etisalat Group will each own ...

DUBAI / WAM The UAE government has launched “Pioneers of the Digital Economy” initiative, which aims to enhance capabilities of young talents and provide them with the knowledge and expertise needed to develop advanced future technology that will positively influence the UAE’s economy. The initiative also targets empowering talents to compete for the best job opportunities in global leading companies ...

ABU DHABI / WAM The UAE Cybersecurity Council and Etisalat have announced the successful completion of the first Bug Bounty pilot programme in collaboration with Beacon Red and Yogosha, during Gitex Technology Week 2021. The telecom company has signed a partnership agreement with Yogosha, a leading European crowdsourced cybersecurity company, and Beacon Red, a defense consulting firm, to launch the ...

ABU DHABI / WAM Abu Dhabi Chamber of Commerce and Industry (ADCCI) has organised a business meeting with a joint delegation from Estonia, Latvia and Sweden. The meeting was attended by Saeed Ghumran Al Rumeithi, BoD Deputy Treasurer of ADCCI; Mohamed Helal Al Mheiri, Director General of ADCCI; as well as Jaan Reinhold, Ambassador of Estonia to the UAE; Atis ...

DUBAI / WAM DP World on Wednesday announced the launch of its new digital logistics platform, CARGOES Logistics. The platform provides customers with a single-window solution enabling seamless, safe, secure, and efficient movement of their cargo. With CARGOES Logistics, customers can choose from multimodal logistics options, ship freight by sea, road, and/or rail, get instant quotes, swift booking confirmation and ...

Bloomberg India plans to take more ambitious climate action by 2030, even as the nation pushes back against pressure to set a target for net-zero greenhouse gas emissions. The country has already mostly met a goal of having 40% of installed power capacity from non-fossil fuel sources, and has options to extend that action, Finance Minister Nirmala Sitharaman said in ...

Bloomberg UK Business Secretary Kwasi Kwarteng sought to damp speculation that taxes will have to rise in order to fund the government’s green goals a day after the Treasury said it would need to consider new sources of revenue to pay for the transition. “I don’t think that tax rises are inevitable,” Kwarteng said when asked on LBC radio what ...

Bloomberg China has started building a massive renewable energy project that’s bigger than all of the wind and solar power in India. Construction on the first phase, comprising 100 gigawatts of wind and solar, in the desert has started smoothly, President Xi Jinping said via video link at a United Nations Biodiversity Conference in Kunming. That’s more than the entire ...