Local News

DUBAI / WAM Shuaa Capital on Wednesday announced that along with other parties, it had successfully priced and issued GFH Financial Group’s five-year sukuk at $300 million. The sale of the sukuk, held on January 21, was more than twice oversubscribed, with orders of over $700 million. Mustafa Kheriba, Deputy CEO and Group Head of Asset Management at Shuaa, commented, ...

ABU DHABI / WAM The Emirates Nuclear Energy Corporation (Enec) has achieved 75 million safe work hours at the Barakah Nuclear Energy Plant, reflecting Enec’s commitment to the highest standards of safety, security and quality in the development of the UAE Peaceful Nuclear Energy Programme. Mohamed Al Hammadi, Chief Executive Officer of Enec, Mark Reddemann, Chief Executive Officer of Nawah ...

Abu Dhabi / WAM The Abu Dhabi Investment Office (ADIO) on Wednesday announced AED60 million of investment in the latest batch of startups and fund managers applying to its Ventures Fund. The recipients, Securrency, TruKKer, Sarwa, YACOB and Okadoc, are innovation-focused companies that are either based in Abu Dhabi or expanding into the emirate. ADIO also signed its first investment ...

SHARJAH / WAM Sheikh Khalid bin Essam Al Qasimi, Chairman of Department of Civil Aviation Sharjah, on Wednesday inaugurated the 16th International Education Show 2020 (IES 2020), which is being organised and hosted by the Expo Centre Sharjah, with the support of the Sharjah Chamber of Commerce and Industry (SCCI) and the Ministry of Education and Sharjah Education Private Authority. ...

ABU DHABI / WAM First Abu Dhabi Bank (FAB), published its 2020 Global Investment Outlook Report, ‘Shaping tomorrow, today’. The report, written by the bank’s industry experts, examines the current global economic and investment environment, providing insights into key macro-economic trends. According to the report, FAB is expecting growth in 2020 for the UAE. The International Monetary Fund (IMF), forecasts that the ...

ABU DHABI / WAM Mubadala Petroleum on Tuesday announced that it has completed the farmout of a 20 percent participating interest in each of the Andaman I and South Andaman Gross Split Production Sharing Contracts (PSCs), to Premier Oil following Indonesian Government approvals. Following completion, Mubadala Petroleum, as operator, has 80 percent participating interest in each of the Andaman I ...

DUBAI / WAM The Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (Measa), region, on Tuesday announced the final details ahead of the launch of its new DIFC Employee Workplace Savings Plan (DEWS) that will secure the financial future of more than 24,000 employees based at the centre. DEWS is ...

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, has sent a message of condolences to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud of Saudi Arabia, in which he expressed his sincere condolences and sympathy over the death of Prince Bandar bin Mohammed bin Abdulrahman bin Faisal Al Saud. In ...

DUBAI / Emirates Business Emirates, is looking for candidates in the UAE to join its multinational cabin crew team. Candidates are required to register online on the Emirates Group careers website and wait to receive an invitation email prior to attending the recruitment event. Candidates who qualify will be informed of the venue details for the assessment day. The airline ...

ABU DHABI / WAM Etihad Aviation Training, the specialist training division of Etihad Aviation Group, has become the first aviation company in the Middle East to gain approval from the European Aviation Safety Agency (EASA), to train Boeing 777 and 787 pilots for European operators and carriers elsewhere which adopt Europe’s air safety standards. The approval to train pilots for ...