PIMCO, a global leader in active fixed income, has announced a new partnership with Aditum Investment Management Limited, an independent asset management company located in the Dubai International Financial Centre (DIFC). This collaboration will enable the availability of two of PIMCO’s Income investment strategies to wealth investors in the United Arab Emirates (UAE) through Aditum...
A recent report from Sophos reveals that nearly half of companies in the UAE affected by ransomware opted to pay the ransom to retrieve their data. The report, part of Sophos’ sixth annual State of Ransomware survey, indicates that 43% of organizations that had their data encrypted made ransom payments, with 30% negotiating lower amounts...
A landmark parliamentary session is scheduled to occur in Abu Dhabi on Monday, where Saqr Ghobash, the Speaker of the Federal National Council (FNC), will host Roberta Metsola, the President of the European Parliament. This session marks a historic moment as it is the first visit by a sitting European Parliament President to the Gulf...
UAE officials met with US Vice President JD Vance at the White House on Friday to discuss key topics including artificial intelligence, recent investment initiatives, and enhanced energy cooperation. The meeting highlighted the UAE’s commitment to invest $1.4 trillion in the US across various sectors, notably artificial intelligence infrastructure, semiconductors, energy, and manufacturing. Dr. Sultan...
Laurent Saint-Martin, France’s Delegate Minister for Foreign Trade and French Nationals Abroad, stated that the United Arab Emirates (UAE) holds a top-tier position in France’s economic and trade policy within the Gulf region. He emphasized the depth and distinction of bilateral relations, particularly focusing on economic and diplomatic collaboration. Saint-Martin declared, “The UAE is undoubtedly...
Sharjah Media City (Shams) has entered into a strategic partnership with Smartt. Studio aimed at transforming and enhancing the global e-commerce landscape. This collaboration is expected to provide new opportunities for businesses and entrepreneurs within the e-commerce sector, marking a significant move for both organizations. Credit: Shams.ae The partnership will leverage Smartt. Studio’s expertise in...
Wizz Air Abu Dhabi, the ultra-low-fare national airline of the UAE, has officially launched its inaugural flight to Gabala from Abu Dhabi. This new route marks a significant milestone as Wizz Air Abu Dhabi becomes the first and only airline to connect Gabala with the UAE, reinforcing its commitment to regional expansion by adding a...
H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs of the UAE, met with Mexican Minister of Economy Marcelo Luis Ebrard. During this meeting, the two countries signed several economic and investment cooperation agreements. Credit: WAM Among the agreements was the formation of a UAE-Mexican Joint Business Council. This...
A Kuwaiti oil company listed on the local bourse, Energyhouse, has received an offer to sell its controlling share in its UAE subsidiary. The company is currently evaluating the proposal for its 92.5 percent stake in this subsidiary. Energyhouse confirmed in a bourse disclosure statement that it has received a preliminary, non-binding offer. The statement...
The United Arab Emirates is strengthening its global position in metrology, the science of measurement, as a key element of its national strategy aimed at creating a knowledge-based economy. This strategy is driven by innovation, advanced technology, and adherence to international quality standards, according to the Emirates News Agency (WAM), a partner of TV BRICS....