DUBAI/WAM Dubai Aerospace Enterprise (DAE) Ltd today announced that it had completed the previously announced acquisition of 100% of the outstanding share capital of Nordic Aviation Capital Designated Activity Company and its consolidated subsidiaries (“NAC” or “Nordic Aviation Capital”) from NAC Holdings Limited. The enterprise value is approximately US$2 billion. DAE now has a fleet of approximately 750 owned, managed ...

ABU DHABI/WAM ne’ma- the National Food Loss and Waste Initiative- has launched the country’s first National Baseline Study to measure actual food loss and waste. This first-of-its-kind study, which involves 3,000 participants, marks a pivotal milestone in national efforts to halve food loss and waste by 2030, in line with the United Nations Sustainable Development Goal (SDG) 12.3. The pioneering ...

ABU DHABI/ WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Wednesday welcomed Her Excellency Sahiba Gafarova, Speaker of the Milli Majlis (National Assembly) of the Republic of Azerbaijan, who is on an official visit to the UAE. The meeting, which took place at Qasr Al Shati in Abu Dhabi, was attended by His Excellency Saqr Ghobash, ...

ABU DHABI/ AD MEDIA OFFICE  In the presence of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, G42, a UAE-based global technology group, has announced reaching an agreement with Cisco, the global leader in networking and security, to lay the groundwork for a strategic collaboration aimed at ...

GAZA/ WAM As part of ongoing efforts to enhance essential services in the Gaza Strip, Operation Chivalrous Knight 3 has signed a Memorandum of Understanding (MoU) with the Coastal Municipalities Water Utility to implement a project for drilling and equipping potable water wells in the Strip. The initiative is part of broader efforts to improve infrastructure and ensure access to ...

DUBAI/ WAM The Museum of the Future has announced a new lineup of insightful talks and interactive workshops taking place throughout the month of May. Covering a diverse range of topics including the future of finance, regulation, governance and the future of wellness, these activations reflect the museum’s ongoing commitment to fostering innovation and serving as a dynamic hub for ...

ABU DHABI/ WAM ADNOC Distribution today reported record Q1 EBITDA and fuel volumes that drove double-digit year-on-year (y-o-y) earnings growth. For the first three months of 2025, ADNOC Distribution’s financial performance significantly exceeded analyst expectations. Net profit increased 16 percent year-on-year (y-o-y) to $174 million (AED639 million), with EBITDA increasing by 11 percent y-o-y to $275 million (AED1.01 billion), the ...

ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan today welcomed a delegation from the Department of Government Enablement – Abu Dhabi, along with the winners of the first edition of the Abu Dhabi Effortless Customer Experience Award, organised by the department, at Qasr Al Bahr. His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown ...

DUBAI/ WAM The 24th edition of Airport Show is set to open at the Dubai World Trade Centre, bringing together aviation leaders, airport operators, technology providers and government officials. Held under the patronage of HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority, Chairman of Dubai Airports and Chairman and Chief Executive of Emirates Airline and ...

ABU DHABI/WAM ADNOC Drilling Company announced on Monday it has been awarded a contract for three island rigs by ADNOC Offshore for an estimated total contract value of US$806 million to support expanding operations at the offshore Zakum development project. These three rigs are in addition to three ordered in July 2024. Abdulrahman Abdulla Al Seiari, ADNOC Drilling CEO, said, ...