ABU DHABI / WAM Abu Dhabi Developmental Holding Company (ADDH), announced on Monday that it concluded the definitive agreement with its partner Wizz Air Holdings, Europe’s fastest growing and greenest airline, to jointly establish Wizz Air Abu Dhabi. The low-cost airline is set to launch its operations at Abu Dhabi International Airport in Fall 2020. The agreement is a major ...

SHARJAH / WAM Dana Gas on Monday issued a trading update to shareholders noting that its growth plan and operations remain unaffected by coronavirus (Covid-19), developments. The company went on to note that precautionary measures and contingency plans were put in place to safeguard personal and assets. Dana Gas has robust operations and cash flows since a large part of ...

DUBAI / WAM The National Bank of Fujairah (NBF), announced its partnership with Ripple, a leading enterprise blockchain company, to enact easy and seamless cross-border payments through the RippleNet platform. According to a press release issued by the NBF on Monday, the bank’s customers, through this blockchain solution, will now be able to conduct secure and real-time payments with clear ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, launched 8-language ‘Mystery Shopper’ application to enhance the role of customers, and measure the performance of government entities and efficiency of the services they provide. His Highness Sheikh Mohammed affirmed, “That every individual in our community in the ...

Dubai / WAM The Dubai Gold & Commodities Exchange (DGCX), last month saw its flagship Gold Futures product continue its strong start to the year, with year-to-date (Y-T-D), volume growth of 773.6 percent compared to the same period last year, aided by a multi-year record in January. The spike in trading is a response to a global backdrop of economic ...

DUBAI / WAM The United Arab Emirates has facilitated a mission by the World Health Organisation (WHO) to deliver medical supplies and equipment to Iran in a bid to help contain the new coronavirus, Covid19, in the neighbouring country. The UAE Air Force deployed an aircraft that carried 7.5 tonnes of cargo from Dubai to Iran on Monday afternoon. Dubai’s ...

Abu Dhabi / Emirates Business The Ministry of Climate Change and Environment (MOCCAE) has announced its support for Innovate4Good (I4G), a purpose-driven startup community platform and thought leadership forum committed to accelerating social innovation and transformational entrepreneurship in the Mena region and beyond. As part of its involvement, MOCCAE intends to work with I4G strategic and community partners to help ...

DUBAI / WAM The Dubai Electricity and Water Authority (Dewa) received the ISO:20400:2017 for Sustainable Procurement and Supply Chain, becoming the first utility in the Middle East to receive this certificate. Dewa received the certificate after a thorough audit by INTERTEK on its sustainable procurement practices. ISO:20400:2017 is the world’s first international standard for sustainable procurement and aims to help ...

ABU DHABI / WAM First Abu Dhabi Bank (FAB) has announced the launch of a new “payment as a platform” for merchants, consolidating a full range of payment needs into a single, digital-first package. The platform can converge card payments, new payment methods including domestic and international digital wallets, loyalty programmes, QR solutions, and value-added services such as buy-now-pay-later and ...

DUBAI / WAM Dubai Aerospace Enterprise (DAE) on Monday announced that it had recommenced its bond repurchase programme. Since the inception of the programme in mid-2018, DAE has repurchased approximately $485 million of principal amount of bonds and has remaining authorisation to repurchase a further approximately $115 million. DAE Chief Executive Officer Firoz Tarapore said, “The current trading levels of ...