Local News

DUBAI / Reuters Dubai Aerospace Enterprise (DAE) intends to tap the Islamic bond market within the next nine months as part of a strategy to diversify the company’s funding, its chief executive said on Monday. The Dubai government-controlled company became one of the world’s largest aircraft lessors in August after acquiring Dublin-based AWAS. DAE Chief Executive Firoz Tarapore said that ...

DUBAI / Reuters Abu Dhabi Commercial Bank (ADCB) has raised $315 million in a triple tranche ‘Kangaroo’ bond issuance, the bank said in a statement. Kangaroo bonds are issued by non-Australian issuers in the Australian market and are denominated in Australian dollars. Australia and New Zealand Banking Group Ltd (ANZ) and Nomura International Plc acted as joint lead managers for the ...

ABU DHABI / Emirates Business IBS Software (IBS) has been selected by Etihad Airways for implementing its award winning cargo management solution, iCargo. The multi-million dollar, multi-year contract was signed in Abu Dhabi. The engagement will see iCargo system manage the airline’s air cargo sales and operations worldwide, automating its network-wide booking, pricing and capacity management functions with real-time revenue ...

DUBAI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued Federal Law No. 09 of 2017 regulating the handling, trading, marketing and circulation of veterinary products considering its direct impact on animal and public health, as well as the environment at large. The move emphasises the critical role of veterinary medicines and related products in animal ...

NEW YORK / WAM The UAE has expressed its unwavering commitment to promoting and protecting human rights within the domestic legal framework, stressing it’s commitment to continue serving as a pioneering model for change in the region, as well as an active member of the international community. A statement, at the General Debate of the Third Committee of the United ...

ABU DHABI / WAM The Emirates Nuclear Energy Corporation (ENEC) said that health and safety are on top of its priorities, highlighting the importance of safety culture, which comes as part of ENEC’s role as official Safety Partner and National Gold Partner for the event. This commitment is demonstrated by ENEC’s team of ‘Health and Safety Ambassadors’ at WorldSkills Abu ...

Emirates Business Madi International, the leading distributor of internationally renowned professional beauty brands in the GCC, has extended its support to the first Middle-East WorldSkills Competition being organized in Abu Dhabi. Madi is sponsoring competitions for Hair, Skin and Nail Care in the event. Mohammed Madi, President of Madi International Group said, “There should be no barriers to lifelong learning. ...

Dubai / Emirates Business The MEA division of global technology company Barco has announced the expansion of its Demo and Training Center based in Dubai Media City’s Concorde Tower. The new Barco Experience center was officially inaugurated on Monday by Her Excellency Dominique Mineur, Belgian Ambassador to the UAE, in the presence of Eric Brouwers, Vice President MEA, Barco. The ...

Dubai / WAM Dubai South and Dubai Quality Group (DQG) signed a Memorandum of Understanding (MoU) to strengthen their cooperation in exchanging expertise, enhancing quality and excellence, developing institutional performance, and providing mutual support. In line with the MoU, the parties have committed to work together towards elevating institutional performance and adopting quality standards and excellence in the former’s initiatives ...

Dubai / Emirates Business Mashreq, one of the leading financial institutions in the UAE, on Monday reported its financial results for the first nine months ending September 30, 2017. The net profit for 9M 2017 stood at AED1.7 billion, a 12% increase YoY. The impairment allowance was down by 30% YoY, while operating expenses were lower by almost 2% on ...