Local News

MBRAH, Tim Investment sign pact to launch MRO hangar

DUBAI / WAM The Mohammed bin Rashid Aerospace Hub (MBRAH) announces the signing of an agreement with Tim Investment that will launch an MRO hangar at Dubai South that caters to wide-body aircrafts. The signing ceremony took place at Dubai South HQ and was attended by Khalifa Al Zaffin, Executive Chairman of Dubai Aviation City Corporation and Dubai South, Tahnoon ...

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UAE leaders congratulate Mongolian President on National Day

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Ukhnaagiin Khurelsukh of Mongolia on the occasion of his country’s National Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mansour bin ...

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Dubai Investments, E20 sign pact for investment in Angola

DUBAI / WAM Dubai Investments and E20 Investment, an Abu Dhabi-based agribusiness investment company, have signed a memorandum of understanding (MoU) to develop 3,750 Ha of agricultural land in Angola, harnessing the potential of the country’s agricultural sector for sustainable growth and economic development. E20 Investment, specialises in investing in operating farms and processing facilities across the globe, with a ...

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Abu Dhabi’s Edge Group acquires security solutions firm Etimad

ABU DHABI / WAM Edge Group PJSC, one of the world’s leading advanced technology and defence groups, announced the acquisition of a 100% stake in Etimad Holding LLC (Etimad), a technology solutions and services company with a focus on security systems solutions, systems integration, projects fulfilment, and execution in the fields of border security, law enforcement, critical infrastructure, urban management, ...

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UAE ministry announces its five major strategic transformational projects

DUBAI / WAM The Ministry of Finance (MoF) announced five major strategic transformational projects to support its ongoing endeavours to implement national priorities and improve government financial work with the aim of further enhancing future readiness. These projects align with the ‘We the UAE 2031’ vision, which represents a national plan through which the UAE will continue its development path ...

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Abu Dhabi Catalyst Partners  invests in Measa Partners

ABU DHABI / WAM Abu Dhabi Catalyst Partners (ADCP), a joint venture between Mubadala Capital and Alpha Wave Global, has made a strategic investment in Measa Partners Ltd, an Abu Dhabi-based investment company founded by Al Maskari Holding to attract global institutional investors to participate in the Middle East — Africa —Southern Asia (Measa) growth story. ADCP’s equity investment is ...

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Mohammed bin Rashid visits SeaWorld Yas Island in Abu Dhabi

ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Tuesday visited SeaWorld Yas Island, Abu Dhabi, the first marine life theme park in the Middle East and the first SeaWorld park outside the United States. During the visit, His Highness Sheikh Mohammed bin Rashid ...

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UAE signs air transport services agreement with Austria

VIENNA / WAM The United Arab Emirates signed a finalised air transport services agreement with the Republic of Austria at the Ministry of Foreign Affairs in the capital, Vienna. The agreement, which aims to strengthen air transport relations between the two countries, was signed on behalf of the UAE by Hamad Al Kaabi, UAE ambassador to the Republic of Austria, ...

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Private sector subject to Emiratisation targets to be expanded in 2024, 2025

DUBAI / WAM In implementation of a UAE cabinet resolution, the pool of private sector establishments subject to Emiratisation targets will be expanded to include companies and individual establishments with 20 to 49 employees in specific economic activities, the Ministry of Human Resources and Emiratisation (MoHRE) announced. The decision aims to increase the number of Emiratis employed in targeted establishments ...

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DIFC first in Measa region to join forces with Aima

DUBAI / WAM Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (Measa) region, on Tuesday announced it is the first financial centre in the region to enter into an agreement with the Alternative Investment Management Association (Aima), the alternative investment industry’s pre-eminent voice globally, representing over 2,100 corporate members with ...

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