ABU DHABI / WAM The Abu Dhabi Monitoring and Control Centre (ADMCC) announced the launch of the ‘Falcon Eye’ system throughout the city of Abu Dhabi, including Abu Dhabi International Airport, the main islands, and Bani Yas and Musaffah areas. The system is a complete central system that receives a live feed from visual surveillance equipment installed across the ...

  Dubai / Emirates Business Leading financial institution, Mashreqbank psc (Mashreq) announced successful coordination of a BHD 107 million (AED 1,050 million) contracting facility for financing the bonding and working capital requirements of the Arabtec Construction LLC (Arabtec) and TAV Tepe Akfen Yatirim Insaat ve Isletme A.S. (TAV) joint venture (JV) in support of the JV’s main works contract for ...

  Dubai / Emirates Business GITEX Technology Week 2016 will welcome an exceptional line up of finance and technology experts, including James Barrese, formally CTO of PayPal, and Andres Wolberg-Stok, Global Head of Emerging Platforms and Services from Citi to shed light on the state of FinTech (technology-enabled banking and finance). FinTech solutions are transitioning from startup offices to the ...

  Farnborough / WAM Strata Manufacturing, the advanced composite aero-structures manufacturing company wholly owned by Mubadala Development Company, announced that it has been awarded two contracts to manufacture additional composite components and completed major assemblies for Airbus. The combined deals, valued at more than US$1 billion, will see Strata become a source for Airbus A320 Horizontal Tail Plane (HTP) and A350-900 ...

  Abu Dhabi / WAM Saqr Ghobash, Minister of Human Resources and Emiratisation, issued a Decree empowering students to complete training periods and fill positions in the private sector after obtaining their work permits. Conditions of the Decree stipulate the need for written consent by the guardianship of student aged between 12 and 18 years for training purposes, similarly to those ...

  Abu Dhabi / WAM The Ministry of Foreign Affairs and International Cooperation (MOFAIC) co-hosted in Abu Dhabi the Tidewater Development Cooperation Meeting, with the Development Assistance Committee (DAC) of the Organisation for Economic Co-operation and Development (OECD). The Tidewater Meeting convenes ministers and heads of major bilateral and multilateral aid agencies and development banks each year for a strategic conference ...

  Dubai / WAM The Dubai Electricity and Water Authority (DEWA) recently organised workshops to review strategies, and cascaded each division’s strategic plans and Balanced Scorecards within DEWA’s corporate strategy. The first workshop, held in cooperation between DEWA’s Strategy and Business Development and other divisions, took place in May. “Strategy is the cornerstone of our success and the means by which ...

  Dubai / Emirates Business Hussain Al Qemzi, CEO, Noor Bank, one of the fastest growing Islamic banks in the region, on Wednesday rang the market-opening bell to celebrate the listing of Noor Bank’s USD 500 million debut Tier 1 Sukuk on Nasdaq Dubai. It was the 11th Sukuk listing in Dubai this year, as well as the first perpetual ...

  London / AFP Outgoing British prime minister David Cameron urged his successor Theresa May on Wednesday to maintain close ties with the EU even while negotiating to leave it, as he paid a fond farewell to MPs hours before leaving office. In his final question and answer session in the House of Commons, Cameron said he would “miss the ...

  WASHINGTON / AFP A frustrated US Secretary of State John Kerry is heading back to Moscow once again to meet President Vladimir Putin and test his commitment to the stalled Syrian peace process. Russia and the US are nominally co-chairs of international efforts to bring Bashar al-Assad’s regime to the negotiating table with armed opposition groups. But ferocious bloodshed continues ...