Local News

  ABU DHABI / WAM The Ministry of Defence is continuing its preparations for the launch of the Union Fortress 8 military parade, which will be held in March in South Expo near Expo 2020 Dubai. The event is taking place under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the ...

  DUBAI / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, on Tuesday launched ‘Dubai Can’, a citywide sustainability movement designed to inspire people to make a difference through a series of sustainability-focused initiatives. This initiative, which will be implemented by Dubai’s Department of Economy and Tourism, will ...

  Manama / WAM Investcorp, a Bahrain-based asset manager which counts Mubadala Investment Company as its biggest shareholder, on Tuesday announced that it has acquired 64 industrial properties totaling approximately 5.6 million square feet across seven major US markets for an all-in value of $640 million. The properties grow Investcorp’s US industrial real estate holdings to approximately $3.5 billion across ...

  DUBAI / WAM flydubai, the Dubai-based airline, has announced that it will resume flights to Istanbul’s Sabiha Gökçen Airport (SAW) from March 2 with five flights a week. With flydubai’s daily flights to Istanbul Airport (IST), the airline will increase its flight frequency to Istanbul to 12 flights a week. flydubai’s network in Turkey also includes the capital, Ankara, ...

  Dubai / WAM Food and beverage (F&B) trade in the UAE increased steadily to reach over $20 billion in the first nine months of 2021, supported by growing demand and expanded efforts to enhance food security and diversify food imports, A new analysis from Dubai Chamber of Commerce shows. Imports accounted for largest share of the UAE’s F&B trade during ...

  ABU DHABI / WAM Abu Dhabi National Oil Company (Adnoc) and Borealis AG (Borealis) are considering a potential initial public offering (IPO) of a minority stake in their joint venture business Borouge. Headquartered in Abu Dhabi, Borouge is a leading provider of innovative, value creating plastics solutions. Adnoc and Borealis will provide further material updates as and when appropriate.

  Abu Dhabi / Gulf Time National Central Cooling Company PJSC (Tabreed), on Tuesday released its consolidated financial results for 2021, reporting a net profit of AED 585.2 million – an increase of 6% compared to its 2020 performance. In addition, Tabreed’s board of directors recommend a dividend of 12.0 fils per share, to be paid 50% in cash and ...

  Dubai / WAM The number of weekly visits to Expo 2020 Dubai has passed the one million mark for the first time since the site opened over 19 weeks ago, climbing to a total of 13,457,400 as of February 14. Expo 2020 Dubai’s virtual visitation numbers reached more than 121 million, but this is set to soar even further ...

  Dubai / WAM flydubai, the Dubai-based airline, has announced that it will resume flights to Istanbul’s Sabiha Gökçen Airport (SAW) from March 2 with five flights a week. With flydubai’s daily flights to Istanbul Airport (IST), the airline will increase its flight frequency to Istanbul to 12 flights a week. flydubai’s network in Turkey also includes the capital, Ankara, ...

  AL AIN / WAM Maryam Al Kaabi from the College of Engineering at the United Arab Emirates University (UAEU) has invented a drill for aircraft body, while working on a “Mubadala”-launched initiative to support the university students’ research. Al Kaabi, who holds a Bachelor’s degree in Mechanical Engineering and a Master’s degree from the UAEU, said, “I was part ...