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ABU DHABI / WAM Jamil Kawar, Vice President for the Middle East and North Africa (Mena) at ICEYE, an international satellite manufacturing company, said the success of astronaut  Sultan Al Neyadi’s mission had enhanced the UAE’s leadership in space sciences and its track record as a leader in the global space industry. In his statement to the Emirates News Agency ...

DUBAI / WAM Emirates NBD has announced it invested in Komgo, a leading software development and technology services company transforming the trade finance industry. The strategic equity investment was made by Emirates NBD’s Innovation Fund, the bank’s corporate venture fund. Emirates NBD’s corporate venture capital arm will enable the group to invest in tech start-ups and companies supporting its digital ...

ABU DHABI / WAM Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) is inviting Chinese tourists and residents to experience Golden Week, a national holiday celebrated annually during October. Guests visiting the emirate, especially those who are experiencing it for the first time, will get to explore a wide variety of experiences to mark the occasion and ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Monday attended the 20th edition of the Abu Dhabi International Hunting and Equestrian Exhibition (Adihex) at the Abu Dhabi National Exhibition Centre. Organised by the Emirates Falconers’ Club and running from September 2-8, this year’s event is being held under the theme ‘Sustainability and Heritage, ...

ABU DHABI / WAM Mubadala Capital, the $20 billion global asset management firm, and Petrobras, the Brazilian integrated energy company, on Monday signed a memorandum of understanding (MoU) that will see the two parties explore a potential investment by Petrobras into a biofuel project currently being developed by Mubadala Capital in the State of Bahia, Brazil. The MoU builds on ...

ABU DHABI / WAM The Federal Tax Authority (FTA) has again called on Public Joint Stock Companies (PJSCs), Private Shareholding Companies (PSCs), limited liabilities companies and private companies resident in the UAE to register for Corporate Tax. The call is especially important for companies and juridical persons with taxable income whose financial year started on June1, 2023, as the Corporate ...

SHARJAH / WAM Each year, more than 200,000 knowledge seekers and learners visit Sharjah Public Libraries (SPL). These visitors and members of SPL, who represent different nationalities and age groups and come in with diverse curiosities and interests, demonstrate the SPL’s increasingly important role in promoting literacy, cultural appreciation, and academic and scientific research in the UAE. The impressive visitor ...

BLOOMBERG China intensified efforts to stimulate the economy and support its currency, as investor concerns over the growth outlook persist. The central bank will trim the amount of foreign currency deposits banks are required to hold as reserves for the first time this year, the People’s Bank of China (PBOC) said. The move came hours after authorities announced fresh stimulus ...

BLOOMBERG The renewable energy unit of South Korea’s SK Inc secured a site required to develop a $15 billion green hydrogen project in Canada that’s set to be one of the world’s biggest. SK ecoplant Co received approval to use 1,078 square kilometres (670 square miles) of Canada’s state-owned property, known as Crown Land, to harness wind energy to develop ...

BLOOMBERG Every morning, thousands of construction workers in Qatar start their day by soaking their uniforms in water. The two-minute ritual kickstarts an important process: When the workers are toiling outside — often at summer temperatures above 120F (48C) —  their uniforms can cool skin temperature by as much as 8C (14F), for up to seven hours. The uniforms are ...