Local News

  Dubai / WAM The Commercial Transport activities sector in Dubai has reported a significant growth of 37 percent during the first quarter of 2022 extending from the same period of last year. These results reflect the cohesion and strength of the business movement in the commercial transport sector, which plays a vital and prominent role by contributing to facilitating ...

  Dubai / Gulf Time Dubai-based carrier flydubai and Standard Chartered, have successfully signed the sale and leaseback (SLB) agreement for five new Boeing 737 Max aircrafts. Four aircrafts were delivered between March and May with the remaining aircraft scheduled to arrive from Boeing, before the end of the first half of the year. The deal was structured, financed and ...

  Abu Dhabi / WAM The sixth edition of the Global Aerospace Summit 2022, hosted by Mubadala, commenced on Tuesday in Abu Dhabi, welcoming around 1,000 C-level leaders, experts and specialists from across the aviation, aerospace, space and defence sectors. This is the first in-person edition of the Summit since the 2018 edition. Mohammed bin Ahmed Al Bowardi, Minister of ...

Abu Dhabi / WAM Strategic relations between Abu Dhabi Development Fund for Development (ADFD) and the government of Jordan date to 1974, when ADFD financed the first project in the country. Thereafter, the fund financed hundreds of development projects in vital sectors, whose total value stands at about AED6.5 billion. These projects collectively raised the standard of living in Jordan ...

  DUBAI / WAM A UAE high-level delegation, encompassing UAE ministers, government officials and private sector leaders, is attending the World Economic Forum (WEF) annual meeting in Davos, taking place until May 26, to share the UAE’s vision and future directions in vital sectors and draw the features of agile partnerships in line with the new global changes. The meeting ...

  Abu Dhabi / WAM Khalifa Al Qabisi, Deputy Director-General of ADFD, hosted Shaukat Ali Soudhan, Ambassador of Mauritius, at the fund’s headquarters in Abu Dhabi, where the parties explored expansion of cooperation that would bolster crucial sectors in Mauritius. Al Qabisi said that the meeting was part of periodic interactions that are held to discuss cooperation over mutual interests ...

  ABU DHABI / WAM Emirates Global Aluminium (EGA), the largest industrial company in the UAE outside oil and gas, and GE Gas Power signed an agreement to upgrade four existing GE 9F gas turbines at EGA’s Al Taweelah power plant, reduce greenhouse gas emissions intensity, and contribute to the UAE’s Net Zero by 2050 Strategic Initiative. GE’s Advanced Gas ...

  Ajman / WAM Ajman Free Zone signed a memorandum of understanding (MoU) with Zajel- a specialised company in the field of logistics and transport. The agreement was signed by Ali AlSuwaidi, Director-General of Ajman Free Zone and Yousuf Alkhaja, CEO of Zajel. Under the agreement, Zajel will provide smart and efficient delivery services to free zone business partners, including ...

  DUBAI / WAM Emirates Post, the official postal operator and leading express provider in the UAE, has been awarded the “Amazon Best Carrier of the Year 2021” in the Middle East and North Africa (Mena) region by Amazon, the company’s last-mile delivery solution partner. The award recognises Emirates Post’s service, performance, collaboration, transpar- -ency and ease of communication between ...

  Dubai / WAM Enoc group on Monday announced the launch of its compact station in the Dubai Airport Freezone (Dafza), offering customers accessible and convenient refuelling services. The station is designed to cater to fuelling needs for the entire Dafza region where major logistics offices are located. The economic zone is home to over 1,600 international firms from various ...