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 ...
Read More »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 ...
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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 ...
Read More »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 ...
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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, recognised the winners of the 2019 REACH Awards on Tuesday at a ceremony held during the Reaching the Last Mile Forum in Abu Dhabi. Established by the Crown Prince of Abu Dhabi, the biennial ...
Read More »Abu Dhabi / WAM HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union and President of the Supreme Council for Motherhood and Childhood, said that children have the right to live in safety and security, urging the international community to shoulder its responsibility towards children and to work with full capacity to enforce mechanisms and policies that would ...
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Dubai / WAM Dubai Islamic Bank (DIB), successfully closed a $750 million 5-year Sukuk with a profit rate of 2.950 percent per annum, which is equivalent to 140bps over the 5-year Mid Swap Rate. The transaction is DIB’s second foray into the international capital markets in 2019, first being a $750mn Additional Tier 1 sukuk priced earlier this year. The ...
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Abu Dhabi / Emirates Business Sanad Capital (Sanad), the aerospace asset leasing and financial solutions company, has completed delivery of its 12th engine to Etihad Airways. The delivery marks the final tranche of a $280 million, 12 engine deal signed between the two Abu Dhabi aerospace companies in 2016. The 12-year sale and lease-back agreement between Etihad Airways and Sanad, ...
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SHARJAH / WAM Mohammed Sultan Al Qadi, Chairman of Emirates Post Group, on Tuesday inaugurated the 10th edition of the Sharjah Stamp Exhibition at Mega Mall Sharjah, set to witness a debut by China and Pakistan, besides Australia, New Zealand, Iraq, Kuwait, Oman, Saudi Arabia, and Bahrain. The exhibition is being organised by the Emirates Philatelic Association (EPA), in cooperation ...
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ABU DHABI / WAM ION, the UAE-based sustainable transport company, which was announced in 2018 as a joint venture between Bee’ah and Crescent Enterprises, has now set up operations in Abu Dhabi, Dubai and Sharjah. The first ever green mobility solutions provider of its kind in the region was officially inaugurated during a ceremony attended by Badr Jafar, CEO of ...
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