Local News

Mubadala opens Covid-19 vaccination centre in Masdar City

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 ...

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Etisalat net profit rises 3.8% to reach AED9 billion in 2020

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 ...

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UAE central bank, HKMA ink fintech deal

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 ...

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DAE leases 7 Airbus aircraft from IndiGo

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 ...

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Covid-19: UAE sees 3,515 new recoveries

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 175,284 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Tuesday, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary ...

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UAE leaders to chair government retreat to plan next 50 years

DUBAI / WAM Upon the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, will chair a government retreat on Tuesday, ...

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Adnoc’s Thamama generates AED4 billion in business value

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) announced on Monday that its Thamama Centre of Excellence (Thamama) has generated $1.1 billion (AED4.04 billion) in business value since its inception in 2017. The announcement was made at Adnoc’s Innovation Week, which is taking place virtually from February (21-25). Named after the reservoir formation most dominant in Abu ...

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Idex 2021: Deals worth AED7.2b signed on Day 2

ABU DHABI / WAM The second day of the International Defence Exhibition (Idex) and the Naval Defence Exhibition (Navdex) 2021 has seen the UAE Armed Forces sign 11 new deals, worth AED 7.293 billion, with local and international companies. The cumulative value of deals signed at Idex and Navdex 2021 is now AED 12.323 billion. Staff Brigadier-General Mohammed Al Hassani, ...

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Japan-UAE cooperation can establish hydrogen supply chain: Eiichiro Washio

ABU DHABI / WAM Japan-UAE cooperation in the fields of hydrogen and ammonia can lead to the establishment of their international supply chains, a top Japanese official told Emirates News Agency (WAM). “In fact, the UAE is endowed with not only oil and gas, but also bright sunshine, so the country has a great potential for supplying hydrogen in the ...

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SDF, EOS form partnership

ABU DHABI / WAM SDF, the investment arm of Tawazun Economic Council, and EOS Defence Systems Pty Limited (EOS) have signed an agreement to establish a JV with equal partnership, which would design and develop a new multi-platform Light-Weight 14.5 x 114 mm Chain Driven Machine Gun in the UAE, with the involvement of international and local engineering and designing ...

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