Local News

Abu Dhabi / Emirates Business Effective June 1, Etihad Airways, the national airline of the United Arab Emirates, will transfer all its flights to and from Abu Dhabi and Beijing, and its flights to and from Beijing to Nagoya, Japan, to the new state-of-the-art Beijing Daxing International Airport (PKX). Robin Kamark, Etihad Aviation Group Chief Commercial Officer, said: “In October ...

Dubai / WAM DP World announced its robust financial results for the year ended December 31, 2019, stating that its revenue grew 36.1 percent and adjusted Ebitda increased 17.7 percent, with an adjusted Ebitda margin of 43 percent. The delivered profit attributable to the owners of the company, before separately disclosed items, was $1,328 million, up 4.6 percent and EPS ...

Abu Dhabi / WAM The Abu Dhabi Government launched on Wednesday the ‘Digital Month’ initiative in a bid to further drive the UAE leadership’s vision to utilise information technology to better serve the community and advance government services. The newly launched initiative comes within the efforts exerted by various government entities in Abu Dhabi to enhance customer experience through innovative ...

ABU DHABI / WAM Etihad Airways launched a collaborative project with the UAE Ministry of Climate Change and Environment (MoCCAE), in a bid to combat illegal wildlife trafficking. Etihad Airways hosted the Combating Wildlife Trafficking workshop at its headquarters in Abu Dhabi, attended by 37 representatives of national entities and other key stakeholders involved in the fight against wildlife trafficking. ...

DUBAI / WAM US Ambassador to the UAE John Rakolta Jr. and Counselor of the Department of State T. Ulrich Brechbuhl have officially inaugurated the construction of the US pavilion at Expo 2020 Dubai, according to a press release issued by the US Embassy website. At the first concrete pour, Ambassador Rakolta said, “The US pavilion will showcase how freedom ...

ABU DHABI / WAM The UAE-US joint military exercise, “Native Fury 20” kicked off in Abu Dhabi, with the participation of the UAE forces and their US counterpart. The joint exercise comes within the framework of exchanging military experiences and developing joint action between the two friendly countries in the military field, so as to enhance strategic relations between the ...

Dubai / Emirates Business DP World, UAE Region, the region’s premier logistics and business hub operator, has announced across-the-board reductions in license registration and administration costs for companies operating in its flagship Jebel Ali Free Zone (Jafza) as well as for new investors. The far-reaching Jafza Customer Support Initiative is designed to slash business-related fees by between 50 percent and ...

ABU DHABI / WAM The UAE condemned the terrorist attack that targeted the presidential palace in Afghan capital, Kabul, while Dr Mohammad Ashraf Ghani, President of Afghanistan, performed his constitutional oath on Monday. In a statement, the Ministry of Foreign Affairs and International Cooperation affirmed UAE’s utter condemnation of such criminal acts and firm rejection of all forms of violence ...

DUBAI / WAM The shareholders of Mashreq Bank have approved to distribute 40 percent of the bank’s paid-up capital as cash dividends for fiscal year 2019. The distribution of cash dividends stands at AED4.00 per share, amounting to AED710.123 million ($193.3 million), according to the company’s disclosure to Dubai Financial Market (DFM), on Tuesday. During the ordinary general meeting, the ...

Abu Dhabi / Emirates Business In line with the UAE’s 2030 vision to foster a knowledge-based economy, the Abu Dhabi Maritime Academy (ADMA) has signed a memorandum of understanding (MoU) with the National Association of Freight and Logistics (NAFL) to further the logistics education and training standards offered in the UAE. Both organisations will work closely together to create and ...