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Abu Dhabi / WAM The Ministry of Defence (MoD) and Tawazun Economic Council (Tawazun) have signed an MoU to establish and organise Research and Development (R&D) planning and execution for the defence and security sectors. The MoU was signed by Major-General Staff Pilot Ishaq Saleh Al-Balushi, Assistant Undersecretary for Industries, Ministry of Defence and Tareq Abdulraheem Al Hosani, Chief Executive ...

Abu Dhabi / WAM The United Arab Emirates will celebrate, on Thursday, the 60th National Day of Kuwait, which underscores the close ties and strong strategic partnership between the two countries. The UAE will host a series of distinguished activities to celebrate the annual National Day of Kuwait, which takes place on February 25. The celebrations will include illuminating the ...

Bloomberg Joe Biden and Canadian Prime Minister Justin Trudeau said their nations would adopt a unified approach toward the pandemic, climate change and China, setting aside trade and other tensions in what the White House called the new US president’s first bilateral meeting. After about a two-hour virtual meeting between the two leaders and their staffs, Biden said that they ...

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, honoured the Emirates Mars Mission “Hope Probe” team of more than 200 engineers on ...

Abu Dhabi / WAM Masdar, a global leader in sustainable innovation and development, and a subsidiary of Mubadala Investment Company, has announced the opening of a Covid-19 vaccination centre in Masdar City, Abu Dhabi. The new centre is part of the Mubadala Health network of Covid-19 vaccination centres and supports the Ministry of Health and Prevention (MoHAP) and the Department ...

Abu Dhabi / WAM Etisalat Group announced on Tuesday that its twelve month ending December 31, 2020, consolidated revenues reached AED51.7 billion, while consolidated net profit after Federal Royalty amounted to AED9 billion, an increase of 3.8 percent compared to last year. The group’s board of directors proposed dividend payout of 40 fils per share for the second half of ...

ABU DHABI, HONG KONG / WAM The central bank of the United Arab Emirates (CBUAE) and the Hong Kong Monetary Authority (HKMA) jointly announce on Tuesday the exchange of a Memorandum of Understanding (MoU) to enhance collaboration on fintech between the two authorities, with a view to strengthening co-operation between the two jurisdictions in promoting innovative financial services and regulatory ...

DUBAI / WAM Dubai Aerospace Enterprise (DAE) on Tuesday announced that it had signed long-term lease agreements for seven Airbus A321neo aircraft with IndiGo, India’s largest passenger airline. All seven aircraft will be powered by CFM International’s Leading Edge Aviation Propulsion (LEAP) engines and are scheduled to be delivered in 2021. Firoz Tarapore, Chief Executive Officer of DAE said, “We ...

Bloomberg Reliance Industries Ltd has started carving out its new oil-to-chemicals operation into an independent unit with a $25 billion loan from the parent, as billionaire Mukesh Ambani steps up efforts to unlock the value of his businesses. The wholly owned unit’s assets will be funded by the interest-bearing loan, which will be an “efficient mechanism to upstream cash, including ...

Bloomberg President Joe Biden seeks to repair relations with Canada that have been strained by disputes over trade and an oil pipeline as he meets virtually with Prime Minister Justin Trudeau. The two leaders plan to unveil a road map on how to improve cooperation on a range of topics, from global alliances to the coronavirus, according to a senior ...