Local News

ADDIS ABABA / WAM Ethiopia’s Defence Minister Aisha Mohammed Musa, has received UAE Ambassador to Ethiopia, Mohammad Salem Al Rashidi, at the ministry in Addis Ababa. During the meeting, they discussed issues of mutual interest, especially topics related to defence and military cooperation. The Ethiopian defence minister hailed the strong relations between the two countries and the importance of enhancing ...

Dubai / WAM The 11th meeting of the Dubai Free Zones Council,DFZ Council, headed by His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the DFZ Council, announced plans to develop a comprehensive geo-economic map of Dubai in line with the Fifty-Year Charter that aims to position Dubai as a leading destination for investment and business set-up. Sheikh Ahmed ...

Dubai / WAM Dubai Electricity and Water Authority (Dewa), signed a Memorandum of Understanding (MoU), with the Dubai Department of Economic Development (Dubai Economy) to support members of Dubai SME-the DED agency mandated to develop the small and medium enterprise (SME) sector; by marketing their offers, services, and products through Dewa Store, the first-of-its-kind smart app among government entities in the ...

DUBAI / WAM DP World has announced the acquisition of the holding company of P&O Ferries and P&O Ferrymasters (together P&O Ferries) for a purchase consideration of GBP322 million ($421million) (AED1.54 billion), implying a 2017 Enterprise Value/EBITDA valuation multiple of 6.1x. Britain-based P&O Ferries is a pan-European integrated logistics business consisting of a market leading roll-on roll-off (Ro-Ro) ferries operation ...

Dubai / WAM flydubai has announced H2 profit of as much as AED157 million ($43 million), driven by stronger yields and revenue growth that led to minimising annual loss. Ghaith Al Ghaith, Chief Executive Officer of flydubai, said, “In line with expectations, 2018 was a challenging year however we have continued to invest in our capacity and increased revenue. We ...

DUBAI / WAM Enoc Group has announced a strategic alliance with Indian Oil Company (IOC) the largest commercial oil and gas company in India worth $63 billion, in a joint effort to expand its global footprint while building on IOC’s research and development infrastructure to mitigate future manufacturing challenges. The Enoc-IOC partnership includes research and development efforts, to jointly develop ...

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, on Wednesday continued his tours of several national and foreign pavilions in the International Defence Exhibition and Conference (Idex 2019), now running at the Abu Dhabi National Exhibition Centre (Adnec). During his tour, His Highness Sheikh ...

ABU DHABI / WAM His Highness Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, a member of Abu Dhabi’s Executive Council and Supreme Petroleum Council and Chairman of the Abu Dhabi Department of Transport, was briefed on Adnoc Logistics and Services’ (Adnoc L&S) strategic growth plans, which will transform it into a global shipping champion, during a recent visit to ...

Abu Dhabi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, received a note from President Emmanuel Macron of the French Republic, regarding the bilateral relations between the two friendly countries. The note also touched on ways to further develop relations between the UAE and France in various fields, in addition to the latest developments on the regional ...

Abu Dhabi / WAM The Emirates Red Crescent (ERC), inaugurated the Al Fatah Elementary and Secondary School in Al Qataba, Khawkhah District in Hodeidah Governorate, after it has been renovated, rehabilitated and furnished, to support the education sector in Yemen. The ERC’s representative in the Red Sea Coast stated that the project was completed in record time, to enable 1,800 ...