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Month: October 2020

Posted on 02/10/2020

Abu Dhabi private school teachers, staff must undergo Covid test every 2 weeks

Teachers and administrative staff of private schools in Abu Dhabi will have to undergo a Covid-19 test once in every two weeks to ensure their safety and to protect students attending in-class lessons …
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Posted on 02/10/2020

UAE, U.S. and Israel to develop joint energy strategy, say ministers

The United States, Israel and the United Arab Emirates will develop a joint strategy for greater coordination in the energy sector and look to solve energy challenges facing the Palestinians, the …
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Posted on 02/10/2020

The UAE and Bahrain deals: normalizing the abnormal

The agreements between the United Arab Emirates (UAE) and Bahrain on the one hand and Israel on the other, brokered by the Trump administration and signed at the White House on Sept. 15, attempted to …
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Posted on 02/10/2020

OPEC Output Steady as UAE Cut Offsets Gains in Troubled Members

(Bloomberg) — OPEC’s crude output held steady last month as the United Arab Emirates pulled production back sharply in atonement for recent months of oversupply. The UAE slashed by 310,000 barrels a …
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Posted on 01/10/2020

Dubai Expo 2020 country pavilions set for 2020 completion

In October next year, the UAE will be hosting the first World Expo in the Middle East, Africa and South Asia region, …
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Posted on 01/10/2020

Dubai Expo reveals main pavilions ahead of rescheduled event

Dubai has released images of buildings by Adrian Smith + Gordon Gill, Grimshaw and Foster + Partners that will host next year’s coronavirus-delayed event.
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Posted on 01/10/2020

Dubai’s Yalla brings the majlis to Wall Street with IPO

Dubai social media company Yalla is bringing an online version of the Arab world’s majlis to Wall Street with its initial public offering. The company, which was valued at $1.1 billion at the time of …
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Posted on 01/10/2020

Let the countdown recommence: Dubai prepares for Expo 2020

Dubai has been postponed to October 1 2021 due to the Covid-19 pandemic. But what awaits those who make the journey to Dubai?
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Posted on 01/10/2020

Dubai property sales deal volume up 55% in Q3

This yerar September’s property sales figures have reinforced that the Dubai real estate market is in a full V-shaped recovery, according to Data Finder, the real estate insights and data platform …
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Posted on 01/10/2020

UAE fabricator stepping up digital, renewable energy pursuits

Other digital solutions at the group’s UAE yards include deployment of adaptive robotic welding, installation of facial recognition technology, digitizing a proprietary QA/QC quality management system …
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Posted on 01/10/2020

Abu Dhabi’s Mubadala to Sign Deal With India’s Reliance Retail: Source

Abu Dhabi state fund Mubadala Investment Co will on Thursday sign an agreement to invest in the retail division of India’s Reliance Industries, according to a source close to the deal. Mubadala will …
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Posted on 01/10/2020

Abu Dhabi-based sovereign investor Mubadala to invest Rs 6,247.5 crore in Reliance Retail Ventures

Reliance Industries Limited and Reliance Retail Ventures Limited (RRVL) on Thursday announced that Mubadala Investment Company (Mubadala), the Abu Dhabi-based sovereign investor, will invest Rs …
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Posted on 01/10/2020

Abu Dhabi’s Mubadala to invest $853 mln deal with India’s Reliance Retail

Abu Dhabi state fund Mubadala Investment Co has agreed to invest 62.48 billion rupees ($853 million) in the retail division of India’s Reliance Industries, the Indian conglomerate said in a statement.
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Posted on 01/10/2020

Mubadala-Reliance Retail deal: Here is all you need to know about Abu Dhabi state fund

Mubadala is billed as the second-biggest state investor after Abu Dhabi Investment Authority and has over 50 businesses and investments in more than 50 countries.
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Posted on 01/10/2020

Billionaire Ambani Gets $855 Million From Abu Dhabi for Retail Venture

Mubadala Investment Co., the Abu Dhabi-based sovereign fund, will invest 62.5 billion rupees ($855 million) in Reliance Industries Ltd.’s retail unit, as billionaire Mukesh Ambani continues to enlist …
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Posted on 01/10/2020

Abu Dhabi state fund Mubadala to invest $853 million in Reliance Retail

Abu Dhabi state fund Mubadala Investment Company will invest 62.48 billion rupees ($852.84 million) in Reliance Industries retail arm, giving the unit a pre-money equity value of 4.29 trillion rupees, …
( read original story …)


Posted on 01/10/2020

Philippine broadband firm eyes country’s biggest IPO of up to $865mln

The IPO could potentially be the country’s biggest, though regulatory filing prices in the Philippines have often been set far above value and the number of shares offered could b …
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