Local News

Mastercard partners with Lulu Exchange for speedy remittances

Dubai / Emirates Business Mastercard has entered a strategic partnership with Lulu Exchange to enable UAE consumers to carry out simple, speedy, and secure remittances through the Lulu Money mobile app. Transactions made using Mastercard debit cards will bear no additional ‘merchant transaction fees’, making Lulu Exchange the first exchange house in the UAE to enable such a facility for ...

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Sheikh Mohamed, US security advisor discuss bilateral ties, regional issues

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received on Tuesday Jake Sullivan, US National Security Advisor, who is currently on a tour of several countries in the region. During the meeting, which took place at Al Shati’ Palace, Sheikh Mohamed and ...

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ECI seeks to protect non-oil trade worth AED10bn by end of 2021

Dubai / WAM Massimo Falcioni, CEO of Etihad Credit Insurance (ECI), has affirmed that the company – since its establishment in 2018 – is instrumental in achieving the target adopted in the UAE National Agenda for non-oil Export Development, aiming at accessing 25 new global markets and advance the company’s foreign trade, thanks to ECI’s partnership strategy with foreign governments’ ...

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Sharjah Airport unveils new sonic branding

SHARJAH / WAM In fulfilment of its mission to provide a safe travel experience and pioneering services for all within an environment that supports innovation, the Sharjah Airport Authority (SAA) launched the distinctive sonic branding of Sharjah Airport. The musical tone, inspired by the sounds and movements of the airport, adds a new dimension to the airport’s identity. The sonic ...

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ECI’s strategy aligns with UAE’s vision for next 50 years: CEO

DUBAI / WAM Massimo Falcioni, CEO of Etihad Credit Insurance (ECI), has affirmed that the company — since its establishment in 2018 — is instrumental in achieving the target adopted in the UAE National Agenda for non-oil Export Development, aiming at accessing 25 new global markets and advance the company’s foreign trade, thanks to ECI’s partnership strategy with foreign governments’ ...

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Abu Dhabi expands electricity tariffs incentive program

Abu Dhabi / WAM The Abu Dhabi Economic Development Department (Added) has announced the expansion of the Electricity Tariffs Incentive Programme (ETIP), launched in 2019 for industrial SMEs to join the programme once they meet the criteria, to encourage the use of the developed logistic infrastructure of Abu Dhabi to create a supportive eco-system. The ETIP comes as part of ...

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Expo 2020 Dubai message of peace and tolerance from UAE to world

ABU DHABI / WAM Dr Matar Hamed Al Niyadi, UAE Ambassador to Kuwait, has said that Expo 2020 Dubai sends a message of peace and tolerance from the UAE to the entire world, as it will gather participants and visitors from around the world for six months in a display of innovation and social and cultural development. In an interview ...

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Adnoc Drilling raises over $1.1b in oversubscribed IPO

ABU DHBAI / WAM Abu Dhabi National Oil Company (Adnoc) on Monday announced the successful completion of the bookbuild and public subscription process for the Initial Public Offering (IPO) of Adnoc Drilling Company PJSC. It confirmed the previously announced increased offering size from 1,200,000,000 ordinary shares to 1,760,000,000 ordinary shares (Offer Shares), equivalent to 11 percent of total issued share ...

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Sheikh Mohamed congratulates Chechen president on re-election

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, held a phone call with Ramzan Kadyrov, president of Chechnya, during which he congratulated him on being re-elected for another presidential term, and wished him continuing success in performing his duties. His highness Sheikh ...

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UAE, Georgia sign deal on maritime training

ABU DHABI / WAM The Ministry of Energy and Infrastructure (MoEI) has signed a Memorandum of Understanding (MoU) with the Maritime Transport Agency of the Ministry of Economy and Sustainable Development in Georgia. Under the MoU, the UAE and Georgia will recognise maritime education and training as well as certificates of competency of seafarers issued by the competent authorities in ...

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