Local News

Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, said that a persistent focus on innovation and government initiatives to create a variety of new investment opportunities are reinforcing the UAE’s position as the region’s entrepreneurial hub. Sheikh Hamdan added that the UAE has embraced ...

Dubai / Emirates Business The 16th edition of the Middle East and Africa’s (MEA) largest automotive aftermarket trade and networking event opened on Tuesday in Dubai, featuring 1,812 exhibitors from 61 countries. Running for three days and spanning 63,350sqm at the Dubai International Convention and Exhibition Centre, Automechanika Dubai 2018 was flagged off by His Excellency Mattar Al Tayer, the ...

Abu Dhabi / WAM Strata Manufacturing, the advanced composite aero-structures manufacturing facility wholly owned by Mubadala Investment Company, announced the successful completion of the manufacturing process for the redesigned Airbus A330 Flap Track Fairing. The process was conceived and spearheaded by a team of Emirati engineers who tested the new product at Strata’s state-of-the-art facilities in Al Ain. A team ...

Abu Dhabi / WAM The Dubai Airport Freezone Authority (Dafza), announced continued growth in the number of automotive, car parts and accessories companies within the free zone. The announcement was made during Automechanika Dubai 2018. The event, which specialises in automotive, automobile parts and accessories, is being hosted at the Dubai World Trade Centre from May 1-3. DAFZA’s sponsorship and ...

Abu Dhabi / Emirates Business The space sector will help solve critical issues around renewable energy, transportation, nutrition and water conservation according to His Excellency Dr. Ahmad bin Abdullah Humaid Belhoul Al Falasi, Minister of State for Higher Education and Advanced Skills and Chairman of UAE Space Agency, who spoke at the second day of the Global Aerospace Summit 2018. ...

DUBAI / WAM Emaar Malls recorded a net profit of AED548 million ($149 million) during the first quarter of 2018, similar to the net profit of AED539 million ($147 million) in Q1 2017. Revenue for first three months of 2018 was AED1.038 billion ($283 million), 24 percent higher than Q1 2017 revenue of AED836 million ($228 million), primarily due to ...

ABU DHABI / WAM Mubadala Investment Company of Abu Dhabi on Sunday announced its full-year 2017 financial and operational highlights. According to a statement, revenue totalled AED165.6 billion compared to AED145.4 billion in 2016, driven by the strong performance of all four global platforms, with major contributions from upstream and integrated, petrochemicals and the semiconductor business sectors. Group Chief Executive ...

ABU DHABI / WAM Emirates Global Aluminium (EGA) signed a 15-year agreement with LD Ports and Logistics on Sunday, a subsidiary of Louis Dreyfus Armateurs, for the trans-shipment of bauxite in the Republic of Guinea. Also, Louis Dreyfus Armateurs and Abu Dhabi Ports separately signed an agreement to form a joint venture company to work together to carry out the ...

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, has discussed developing bilateral ties between the UAE and Austria with the Austrian Chancellor, Sebastian Kurz. During official talks held at the Presidential Palace in Abu Dhabi on Sunday, the two sides reviewed cooperation ...

Hanover / WAM Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and Industry, met Li Yong, Director-General of the United Nations Industrial Development Organisation (UNIDO), on the sidelines of Hannover MESSE 2018 exhibition. During the meeting, the two sides, who chaired together the Global Manufacturing and Industrialisation Summit (GMIS), signed a joint communique on the summit’s strategies and ...