Local News

Abu Dhabi / WAM The central bank of the UAE (CBUAE) published its Financial Stability Report (FSR) which provides information, analysis and an assessment of the resilience and matters that require additional support in the banking and financial system in the UAE promoting public understanding and transparency. The report covers macro-financial conditions, regulatory developments, assessments of the banking and finance ...

Abu Dhabi / WAM Dubai Exports announced they will co-host the UAE’s major virtual international buyers forum in partnership with Abu Dhabi Exports Office (Adex), and Etihad Credit Insurance (ECI) in a unified effort to boost the emirate’s export economy and increase foreign business to drive economic recovery for Dubai businesses. The announcement of the forum – which will be ...

Dubai / Emirates Business dnata, one of the world’s largest air services providers, has donated three pieces of cargo handling equipment to Dubai-based International Humanitarian City (IHC), the largest humanitarian hub in the world, to support the organisation in facilitating rapid relief and first responses to crises, including the Covid-19 pandemic, at a global level. dnata has donated a cargo ...

ABU DHABI / WAM Agthia Group on Tuesday announced the appointment of Alan Smith as its new Chief Executive Officer (CEO). Alan succeeds Jamal Salem Al Dhaheri, Acting CEO of Agthia Group, who was appointed in March 2020 by the company’s Board of Directors for a transition period. Agthia is a leading Abu Dhabi-based food and beverage company listed on ...

Abu Dhabi / WAM The UAE Government will complete more than two million Covid-19 tests during the next two months to continue to curb the spread of the virus. The announcement was made at the UAE Government’s regular media briefing wherein Dr Amna Al Dahak Al Shamsi, official spokesperson of the UAE Government, provided an update on Covid-19 and all ...

Abu Dhabi / WAM The Abu Dhabi Judicial Department (ADJD) organised a remote training workshop for lawyers on the “novelty in the bankruptcy and restructuring system in the light of Emirati and American legislations”. This was through the training platform of the Abu Dhabi Judicial Academy, with the participation of 120 lawyers registered with the department, in addition to a ...

ABU DHABI / WAM Etihad Airways is gradually resuming services to more destinations across its global network. This follows the easing of travel restrictions by UAE regulatory authorities on outbound and inbound travel for citizens and residents. All travel remains subject to the entry and health regulations set by the UAE authorities, and those at the end destination. Throughout July ...

AL AIN / WAM Strata Manufacturing, the advanced composite aero structures manufacturing facility wholly-owned by Mubadala Investment Company, successfully delivered 100 shipsets of the assembled A350-900 Inboard Flaps (IBF). Having completed the full First Article Inspection for the fabrication of six IBF components at its facility in the Nibras Al Ain Aerospace Park, Strata now assumes fabrication and assembly duties ...

Abu Dhabi / WAM Abu Dhabi Global Market (ADGM) and the International Renewable Energy Agency (Irena) have announced the signing of a Memorandum of Understanding (MoU) to signify their joint commitment to progressing sustainable finance across the UAE and the wider region. Through the MoU, ADGM and Irena solidified their mutual dedication to promoting solutions that facilitate investment in renewable ...

Abu Dhabi / WAM Air Arabia Abu Dhabi has announced that will start direct flights connecting Abu Dhabi with Alexandria and Sohag in Egypt. The inaugural flight will take off from Abu Dhabi to Alexandria on July 14 followed by flights to Sohag the next day. Air Arabia Abu Dhabi will start its operations with two Airbus A320 aircraft based ...