Local News

Dubai / WAM The UAE announced its intention to buy 24 B-250 light attack aircraft worth AED2.27 billion to strengthen air support for its Air Force and Air Defence from aerospace company Calidus. Major-General Ishaq Saleh Al Blooshi, Deputy Executive Director of the Military Committee of Dubai Airshow 2019, confirmed at the show daily briefing that the deal is in ...

ABU DHABi / WAM The Central Bank of the UAE (CBUAE), announced that during October 2019, total bank deposits increased by AED 17.8 billion, attributable to an AED 1.9 billion increase in resident deposits and an AED 15.9 billion increase in non-resident deposits. The money supply aggregate M1 decreased by 1.2 percent, from AED 511.9 billion at the end of ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) on Wednesday announced a partnership with Honeywell, as it embarks on one of the largest predictive maintenance projects in the oil and gas industry. Under the terms of a 10-year partnership agreement, the Adnoc will utilise Honeywell’s state-of-the-art asset monitoring and predictive analytics platform to maximise asset efficiency and ...

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, Their Highnesses the Supreme Council Members and Rulers of the Emirates, Crown Princes, Sheikhs, and large crowd performed funeral prayers on the body of the late HH Sheikh Sultan bin Zayed Al Nahyan, at ...

DUBAI / WAM Dubai is showcasing its diverse business events offerings and meetings capabilities to industry professionals at the IBTM World in Barcelona, where Dubai Business Events (DBE), the city’s official convention bureau, is leading Dubai’s strong presence at the trade show, being held from November 19-21. Taking place at the Fira Barcelona Gran Via, IBTM World is welcoming over ...

DUBAI / WAM In his capacity as Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, enacted a new DIFC Intellectual Property Law, Law No. 4 of 2019, Dubai International Financial Centre (DIFC), the world’s eighth ranked international financial centre and the number one financial hub in the Middle East, ...

ABU DHABI / WAM Abu Dhabi Fund for Development (ADFD), the leading national entity for economic development aid, attended the official opening ceremony of the Social Housing Project in the Seychelles. ADFD allocated $9 million (AED33 million) towards the strategic venture that spans three residential areas on Mahé – the largest and most populated island in the archipelago. Aimed at ...

Dubai / WAM Saeed Mohammed Al Tayer, MD & CEO of Dewa, received a high-level delegation from Siemens AG, led by Cedrik Neike, Member of the Managing Board. The visit underpins Dewa’s collaboration with its strategic partners. Nasser Lootah, Executive Vice President of Generation at DEWA attended the meeting. Al Tayer welcomed the delegation and highlighted that the meeting enhances ...

Dubai / WAM The Mohammed bin Rashid Fund (MBRF), of Dubai SME, the agency of Dubai Economy mandated to develop the small and medium enterprise (SME), sector, and First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, have formed a partnership to launch a new receivable financing programme for Emirati- owned ...

Dubai / WAM American defence giant Lockheed Martin described the UAE’s F-16, Block 60, fighters jets as “the best in the world,” praising the 40-year “strong partnership” with the country. Block 60 is considered the most advanced operational F-16 produced so far and features developed specifically for UAE Air Force. The UAE announced of signing a AED76 million agreement with ...