Local News

ABU DHABI / WAM First Abu Dhabi Bank (FAB) announced the issuance of the largest-ever Chinese Yuan (CNH) denominated dual-listed Formosa bond globally, with a CNH 3.25bn five-year issuance. Despite the GCC-wide public holiday, FAB was able to attract a high quality international orderbook of more than CNH 3.6 billion, which enabled it to upsize its target issuance from CNH ...

ABU DHABI / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, has received Brigadier General Miguel A. Correa, Senior Director for Gulf Affairs, Middle Eastern Affairs Directorate, National Security Council at the Executive Office of the US President. During the meeting — which was held at the Foreign Ministry headquarters in Abu ...

Abu Dhabi / WAM Etihad Rail, the developer and operator of the UAE’s national railway, is tripling its fleet by announcing the award of a contract for the manufacture, supply and commissioning of 842 new wagons bringing its total fleet to more than 1,000 units to serve the whole network. This expansion paves the way for the rail transport to ...

Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX) announced on Tuesday that it has listed $4 billion Fixed Rate Notes issued by MDGH GMTN B.V. and guaranteed by Mamoura Diversified Global Holding (MDGH). According to a statement issued by ADX on Tuesday, MDGH is the debt issuing entity of Mubadala Investment Company, and the MDGH bonds have their primary ...

Abu Dhabi / WAM The Telecommunications Regulatory Authority (TRA) stymied approximately 120, 038 cyber-attacks, during July, according to the authority’s monthly report. The report, which addresses the cybersecurity developments in the Federal Government of the United Arab Emirates for April, noted that the National Computer Emergency Response Team (CERT) responded the cyber-attacks which varied between malware (78 percent), vulnerabilities (11 ...

Abu Dhabi / Emirates Business Etihad Airways, the national airline of the UAE, has launched innovative new protective wear for First and Business class guests. As part of its new health and hygiene programme, Etihad Wellness, premium passengers will receive a snood style facemask for use throughout their journey and beyond. The soft reusable snood has been treated with MicrobeBARRIER ...

ABU DHABI / WAM Driven by powerhouse realty and bank shares, the listed companies in UAE financial markets posted combined gains of AED15.8 billion ($4.30 billion) in market cap on the first trading day of the month. Abu Dhabi’s main stocks index was up 0.45% to 4,324 points on Monday, driven by gains by some of blue chips, with DFM’s ...

Dubai / WAM Air Arabia Abu Dhabi, the capital’s first low-cost carrier, announced the introduction of two new destinations — Kabul in Afghanistan and Dhaka in Bangladesh with direct flights from Abu Dhabi commencing on August 7. Air Arabia Abu Dhabi was formed following an agreement by Etihad Airways and Air Arabia to establish the capital’s first low-cost carrier that ...

Dubai / Emirates Business Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO), on Monday announced it has successfully upgraded its existing Integrated Building Management System (IBMS) that looks after 40 buildings within Dubai Silicon Oasis (DSO) to an Artificial Intelligence (AI) enabled IBMS. The system connects almost 60,000 points of control from all the buildings ...

Dubai / Emirates Business Emirates announced that it will deploy its iconic A380 aircraft to Guangzhou from August 8. The airline has also restarted its A380 operations to Amsterdam and Cairo this week, and introduced a second daily A380 service to London Heathrow, serving market demand and offering customers more travel options. Emirates has so far resumed A380 services to ...