Local News

ABU DHABI / WAM Sandooq Al Watan received a contribution of AED10 million from Emirates Investment Corporation (EMIC), in support of its efforts to drive sustainable development across all strategic sectors. The contribution will be added to Sandooq Al Watan Fund which is earmarked for projects to develop talents and capacities, and galvanise progress, and building a bright future for ...

ABU DHABI / WAM Sanad Aero Solutions, Sanad, a wholly-owned subsidiary of Mubadala Investment Company, announced the closing of a new financing facility with First Abu Dhabi Bank (FAB). FAB has led several Sanad financings since the company launched in 2010 which support various existing and new customer spare engine and component programmes including new long-term CFM56-5B and 7B spare ...

DUBAI / WAM Lieutenant General Dhahi Khalfan Tamim, Deputy Chairman of Police and General Security in Dubai and Chairman of HBMSU’s Board of Governors, on Monday officially opened the 12th edition of Innovation Arabia Conference and Exhibition. The event is being held under the patronage of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and ...

Abu Dhabi / WAM The Abu Dhabi Department of Energy (DoE), the government entity in charge of ensuring excellence and sustainability in energy sector in Abu Dhabi, has received a delegation from the Saudi Arabia’s Saline Water Conversion Corporation (SWCC), to enhance cooperation and outline joint efforts towards a more sustainable future for the wider region. During the visit, DoE ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) announced that it has entered into a landmark multi-billion-dollar midstream pipeline infrastructure partnership with KKR and BlackRock, two of the world’s leading institutional investors. To mark the occasion, a signing ceremony was held at Adnoc Headquarters with Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State and Adnoc ...

Dubai / WAM As part of its efforts to strengthen its leading position amongst most innovative and smart exchanges in the region and beyond, Dubai Financial Market (DFM) organises series of brainstorming sessions during the ‘UAE Innovation Month 2019’. The sessions aim to promote a culture of innovation amongst DFM employees and various market participants including listed companies and brokerage ...

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, received at the Beach Palace on Sunday, heads of two global investment firms, Larry Fink, Chairman and Chief Executive Officer of BlackRock, and Henry Kravis, Co-Chairman and Co-Chief Executive Officer of KKR. His Highness ...

SHARM EL SHEIKH / WAM In a step towards supporting the UAE’s digital transformation, Emirates Integrated Telecommunications Company (EITC), on Sunday announced advanced level of preparation to roll-out 5G services in the UAE in 2019. Prominent landmarks across the UAE in all seven Emirates are currently being installed with high-technology 5G equipment and will be the first areas to have commercial ...

Abu Dhabi / WAM Given how uncertain and volatile the global economic and political landscape currently is, with market uncertainty pervasive and investor confidence deteriorating, global private equity firms are on the lookout for stable, new markets where they can be certain not just of promising returns on investment but also an investor-friendly regime. As a result, the UAE, with ...

Dubai / WAM Dubai welcomed 15.92 million international overnight visitors in 2018, marking a new high, according to Dubai Tourism. The emirate’s tourism department reported that Dubai’s top source markets provided consistently large numbers of tourists, resulting in double-digit growth to ensure targets are met, based upon Dubai’s Tourism Vision 2022-2025, in addition to driving even greater economic impact on ...