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Recent News
Sheikh Mohammed authorizes $8.2bln financial assistance to companies to boost UAE economyHis Majesty Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, has accepted the Emirates Development Bank (EDB) Strategy, which will offer a sizable AED30 billion in financial assistance to companies and start-ups, as a significant move toward driving the national economy..... Read more » Posted on : 4/7/2021 |
UAE signs $3bn investment agreement with IraqThe United Arab Emirates has agreed to spend $3 billion in Iraq as part of an effort aimed at "solidifying trade and investment links, tapping new opportunities of cooperation, and spurring developmental and socio-economic growth in Iraq.".... Read more » Posted on : 4/7/2021 |
Sterlite Technologies Ltd Bags Rs 700-Crore Deals from Telecom Firms in UAE, AfricaBroadband technology company Sterlite Technologies Ltd NSE 2.18 % in March announced to have requested deals of over Rs 700 crore from telecom firms in Middle East and Africa (MEA), taking the company's total order book to over Rs 11,300 crore. The deal includes building infrastructure for 5G, 4G and FTTX for a leading telecom company in the UAE. It also got a deal from North Africa to deploy digital billing solutions for 70 lakh subscribers. .... Read more » Posted on : 4/7/2021 |
Dubai Awards $147 Million Rail Contract to Franco-Japanese GroupDubai's Road and Transport authority said on 13th March it had awarded a USD 147 million (AED 542 million) contract for the operation and maintenance of its rail services to a French-Japanese consortium. .... Read more » Posted on : 4/7/2021 |
UAE's Mubadala to invest $1b in the UK's health and life sciencesThe Abu Dhabi government's sovereign investment company, Mubadala Investment Co, has signed a long-term deal with the UK Investment Office to invest £800 million ($1 billion) in life sciences and healthcare growth in both countries..... Read more » Posted on : 4/6/2021 |
