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Sheikh Mohamed, Ethiopian PM review regional developments

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Abiy Ahmed, Ethiopian Prime Minister, have discussed means to foster cooperation in different sectors for the benefit of the two sides. This came in a phone call Sheikh Mohamed received from the Ethiopian ...

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Jafza invests AED2.48b for infra, sustainability projects

DUBAI / WAM DP World, UAE Region’s flagship Jebel Ali Free Zone (Jafza) has improved and elevated the roads and infrastructure within its premises over the last five years, to offer top-notch facilities to those operating in the free zone. The projects include sustainable developments and major construction works valued at approximately AED2.484 billion. Key features of the upgrades include ...

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RAK Ports, global oil & shipping group Monjasa finalise new deal

RAS AL KHAIMAH / WAM RAK Ports has signed a strategic partnership with Danish established Monjasa, a global top ten bunker fuel provider supplying around five million tonnes of oil products every year. Firmly rooted in the Middle East since 2006, Monjasa’s office in Dubai employs 75 specialists covering regional supply operations across the Arabian Gulf and West Africa. With ...

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Boeing prepares safety measures for 737 jets

Bloomberg Boeing Co is finalising a set of three safety enhancements to the engines on its popular 737 Next Generation models to prevent debris from escaping during a failure, according to US regulators. The Federal Aviation Administration (FAA) outlined the fixes in a letter to the National Transportation Safety Board (NTSB). The NTSB had recommended improvements in the engine designs ...

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RTA wins global award for ‘rail maintenance’

Dubai / WAM Dubai’s Roads and Transport Authority (RTA) has won the Best International Innovation Award in the field of Rails Infrastructure Maintenance Management System (RIMMS). The award is part of the Global Business Awards presented by the UK-based Awards Intelligence Ltd, a specialist in evaluating innovative services in large and medium enterprises as well as start-ups. RTA’s winning of ...

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RAK Ports, global oil and shipping group Monjasa finalise new deal

Ras Al Khaimah / WAM RAK Ports signed a strategic partnership with Danish established Monjasa, a global top ten bunker fuel provider supplying around five million tonnes of oil products every year. Firmly rooted in the Middle East since 2006, Monjasa’s office in Dubai employs 75 specialists covering regional supply operations across the Arabian Gulf and West Africa. With recent ...

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Dubai poised for rapid contactless economy growth

Dubai / WAM The global contactless economy is booming, and companies based in Dubai Internet City (DIC) are playing an integral role in positioning Dubai as an incubator and exporter of innovative contactless technologies that have gained new importance as consumers move away from cash. Contactless services are seeing a steep rise in demand due to better user experiences and ...

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AUS, Ajman Transport Authority sign deal

SHARJAH / WAM The American University of Sharjah (AUS) has signed a Memorandum of Understanding (MoU) with the Ajman Transport Authority to enhance and facilitate collaboration between the two entities. Held virtually, the signing ceremony was attended by senior officials from both organisations, including AUS Chancellor Prof. Kevin Mitchell and Omar Mohammed Rashid Lootah, Director-General of the Ajman Transport Authority. ...

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Nadaq Dubai lists $600m sukuk by Kuwait’s AUB

Dubai / WAM Abdullah AlLanqawi, General Manager and Treasurer of Ahli United Bank (AUB) Kuwait, on Tuesday rang the Nasdaq Dubai market opening bell to celebrate the listing of a $600 million sukuk issued by the bank. The new listing has increased the total value of debt issuances listed on Nasdaq Dubai by Kuwaiti issuers to $1.51 billion. It has ...

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Emirates transports 100 tonnes of Covid-19 relief cargo to India

Dubai / WAM Emirates SkyCargo flew 100 tonnes of relief materials free of charge from Dubai to India during a three week period in May 2021 to support the Indian community to battle the second wave of the Covid-19 pandemic. Under the Emirates India Humanitarian Airbridge, Emirates donated cargo capacity to transport essential supplies such as relief tents and thousands ...

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