Local News

Sheikh Mohamed, Putin discuss bilateral relations

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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 and Russian President, Vladimir Putin discussed bilateral relations and ways to enhance them in various fields as part of the existing strategic partnership between the two friendly countries. In a phone call, His Highness ...

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UAE’s Julphar rights issue oversubscribed 2.3 times

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RAS AL KHAIMAH / WAM Gulf Pharmaceutical Industries (Julphar) announced on Wednesday that its AED500 million ($1.36 million) rights issue was successfully completed and more than two times oversubscribed. According to a press release issued by Julphar on Wednesday, the company will use the net proceeds of the rights issue to support the implementation of its growth plans, repay existing ...

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Etihad adds more destinations to hand baggage only fare

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ABU DHABI / WAM Etihad Airways announced the expansion its hand baggage only ‘Deal Fare’ which allows travellers to purchase lower fares in Economy Class if no checked baggage is required, to include destinations across Europe and Asia. The ‘Deal Fare’ includes a complimentary carry-on baggage allowance of 7kg and was initially only available on flights between Abu Dhabi, Bahrain, ...

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Nasdaq Dubai welcomes listing of $1.5bn sukuk by DP World

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Dubai / WAM Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, rang the market-opening bell at Nasdaq Dubai on Wednesday to celebrate the listing of a $1.5 billion perpetual sukuk. According to a press release issued by Nasdaq Dubai on Wednesday, DP World, the Dubai-based provider of worldwide smart end-to-end supply chain logistics, will use the capital ...

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UAE sends 2nd medical aid plane to Kazakhstan

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ABU DHABI / WAM The United Arab Emirates on Wednesday sent a second aid plane carrying eight metric tonnes of medical supplies to Kazakhstan. This aid will assist approximately 8,000 medical professionals as they work to contain the virus, bolstering the country’s efforts to curb the spread of Covid-19. “The UAE has spared no effort to provide the best health ...

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Adnoc Distribution unveils new lubricants for hybrid engines

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ABU DHABI / WAM Adnoc Distribution has announced the launch of a new range of lubricants that offer greater fuel efficiency for hybrid vehicles. The new range of Adnoc Voyager vehicle engine oils is the UAE’s first to meet the needs of latest engine technologies and to be certified by the world-leading industry body, the American Petroleum Institute (API). Voyager ...

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FAB receives 3 awards in excellence

ABU DHABI / WAM First Abu Dhabi Bank (FAB) has been named the ‘Middle East’s Best Bank for Financing’, ‘Best Investment Bank in the UAE’ and the ‘Middle East’s Best Bank for Corporate Responsibility’ in Euromoney’s Awards for Excellence 2020. The ‘Middle East’s Best Bank for Financing’ honour marks the second consecutive year, and the third time in four years, ...

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Unit 2 of Barakah nuclear energy plant complete

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Abu Dhabi / WAM The Emirates Nuclear Energy Corporation (Enec) has successfully completed the construction of Unit 2 of the Barakah Nuclear Energy Plant, the Arab World’s first nuclear energy plant located in the Al Dhafra region of Abu Dhabi. The unit has now been officially handed to Nawah Energy Company (Nawah), ENEC’s operating and maintenance subsidiary, for operational readiness ...

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Hope Probe mission postponed to July 17 due to bad weather

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Dubai / WAM A new launch date for the UAE Hope Probe mission to Mars have been set for Friday July 17 at 12:43am UAE time. The UAE Space Agency and the Mohammed bin Rashid Space Centre, in collaboration with Mitsubishi Heavy Industries, made the announcement following a decision to delay the mission due to bad weather conditions. The UAE’s ...

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Dubai Customs, Italy discuss cooperation

Dubai / WAM Director-General of Dubai Customs, Ahmed Mahboob Musabih, continued his virtual meetings with directors of customs departments around the world to develop means of cooperation in what has been a testing time for all. He held a video meeting with Marcello Minenna, Director-General of the Italian Customs, to discuss best practices to protect the society from the hazards ...

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