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UAE President, US Defence Sec. discuss regional developments

UAE President, US Defence Sec. discuss regional developments

President His Highness Sheikh Mohamed bin Zayed Al Nahyan received a phone call from Lloyd Austin, US Secretary of Defence. During the call, His Highness and the US Secretary of Defence discussed cooperation between the UAE and the United States in defence matters as part of the strategic relations that bind the two countries.

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World Investment Forum 2023 ends with strong call for greater private and public investment

World Investment Forum 2023 ends with strong call for greater private and public investment

UNCTAD's 8th World Investment Forum concluded on 20th October in Abu Dhabi, emphasizing the crucial role that public and private investors must play in reshaping the global economy. The forum highlighted the emerging opportunities presented by the energy transition, transformation of the agrifood and health sectors, and the evolving solutions for sustainable development.

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Mohamed Al Hussaini Explores Economic Ties With Pakistani Counterpart

Mohamed Al Hussaini Explores Economic Ties With Pakistani Counterpart

Mohamed Hadi Al Hussaini, the Minister of State for Financial Affairs, engaged in discussions with Shamshad Akhtar, the Minister for Finance, Revenue and Economic Affairs of Pakistan, and Jameel Ahmad, the Governor of State Bank of Pakistan, during the final day of the Annual Meetings of the Boards of Governors of the World Bank Group (WBG) and the International Monetary Fund (IMF) in Marrakech on the 15th of October, 2023.

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UAE, Saudi Arabia lead MENA VC fundraising

UAE, Saudi Arabia lead MENA VC fundraising

MENA venture capital funding in the third quarter saw $250 million raised across 78 deals, a 32% increase compared to Q2 of 2023, according to the Q3 2023 MENA Venture Investment Premium Report by startup data platform MAGNiTT.

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Abu Dhabi’s SAVI cluster anchors its first maritime technology company

Abu Dhabi’s SAVI cluster anchors its first maritime technology company

The Abu Dhabi Investment Office (ADIO) announced that Marakeb Technologies will become the first anchor company to develop maritime applications in the Emirate’s new smart and autonomous vehicle industry (SAVI) cluster. Centred in Masdar City, the cluster provides state-of-the art facilities and value-added services within an enabling regulatory environment to support innovation and the commercialisation of advanced technologies for air, land, and sea mobility applications.

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Sheikh Abdullah and Iranian foreign minister discuss Gaza-Israel war

Sheikh Abdullah and Iranian foreign minister discuss Gaza-Israel war

Sheikh Abdullah bin Zayed, the Minister of Foreign Affairs, emphasized the imperative of safeguarding civilian lives amidst the ongoing Israel-Gaza conflict during a telephone conversation with Iran's Minister of Foreign Affairs, Hossein Amirabdollahian. According to a report by the state news agency Wam on Thursday morning, the two ministers deliberated on the consequences of the unfolding humanitarian crisis

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EIB pledges €1 billion for Morocco’s earthquake recovery efforts

EIB pledges €1 billion for Morocco’s earthquake recovery efforts

The European Investment Bank (EIB) has pledged €1 billion over the next three years to Morocco's post-earthquake reconstruction programme which will mobilise €12 billion by 2028. This financing is completely aligned with Morocco's ambitious national recovery programme according to the priorities of the national authorities.