Local News

Future of global aviation takes centre stage at 4th IAMC

  Dubai / WAM Riveting keynote speeches from leaders, compelling research papers, and speakers drawn from the industry and academia marked the opening of the 4th International Aviation Management Conference (IAMC) at Emirates Aviation University. This year’s topical theme – The Future of Aviation: Covid-19 Pandemic and Challenges – has brought together leaders, professionals, research scholars, students and academia to ...

Read More »

Fitch affirms ECI’s ratings at AA- with stable outlook

  Dubai / WAM Etihad Credit Insurance (ECI), the UAE Federal export credit company, has been assigned ‘AA-‘ (Very Strong) ratings for the fourth consecutive year by Fitch Ratings, reflecting ECI’s role in supporting the diversification of the UAE economy. ECI’s Insurer Financial Strength (IFS) Rating and Long-Term Issuer Default Rating (IDR) were both affirmed at ‘AA-‘ (Very Strong) with ...

Read More »

UAEBF reiterates importance of supporting SMEs

  Abu Dhabi / WAM The UAE Banks Federation (UAEBF) organised a webinar on growth opportunities and innovation of banking solutions for small and medium enterprises (SMEs) under the theme “Changing Landscape of SME Banking in the UAE”, as part of its efforts to support this important sector and enhance its role in the economic and social development in the UAE. ...

Read More »

Mohammed Rasool Khoory and Sons launches new Rolex boutique

  Abu Dhabi / Gulf Time Mohammed Rasool Khoory & Sons and Rolex announced the grand official opening of a new boutique in Abu Dhabi. Located in Yas Mall, the boutique is in the heart of the biggest mall in Abu Dhabi at Yas Island – one of the top tourism projects in the capital. It occupies the ground floor, ...

Read More »

UAE leaders wish Kazakh President on his re-election

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan sent a congratulatory message to Kassym-Jomart Tokayev, President of Kazakhstan, on his re-election as President. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has dispatched similar message to Tokayev

Read More »

Adnoc Drilling buys 3 new jack-up rigs for AED1.17bn

  Abu Dhabi / WAM Adnoc Drilling Company on Monday announced that it has signed an agreement to acquire an additional three brand new high-specification offshore jack-up drilling units (the “rigs”). The cost of the acquisition is part of the company’s three-year guidance on capital expenditure and its strategic growth plans. The acquisition underpins the company’s accelerated fleet expansion and ...

Read More »

Sharjah’s Arada unveils its first project in Dubai

  DUBAI / WAM Arada has unveiled its first project in Dubai with the launch of “Jouri Hills” at Jumeirah Golf Estates, a villa collection in the heart of one of the emirate’s most-sought-after residential and leisure communities. The latest phase in 40 million square foot Jumeirah Golf Estates master plan, Jouri Hills contains 294 high-end homes located close to ...

Read More »

DAE completes acquisition of Sky Fund I Irish

  DUBAI / WAM Dubai Aerospace Enterprise (DAE) Ltd announced that it had completed the previously announced acquisition of SKY Fund I Irish, Ltd and its subsidiaries (SKY Fund I) on November 18. Sky Fund I leases aircraft to 14 airline customers in 11 countries. Next-generation technology aircraft represent more than 90% of the acquired portfolio. Following the acquisition of ...

Read More »

AD Ports-TotalEnergies deal to explore solar power generation

  Abu Dhabi / Gulf Time Khalifa Economic Zones Abu Dhabi – Kezad group, the integrated trade, logistics, and industrial hub of Abu Dhabi and a subsidiary of AD Ports group, announces an agreement with TotalEnergies Renewables Distributed Generation Middle East & Africa, an affiliate of TotalEnergies, to explore opportunities to solarise assets across Kezad’s industrial ecosystem. TotalEnergies’ Renewables Distributed ...

Read More »

Dubai DAE’s acquisition of SKY Fund I Irish complete

Dubai / WAM Dubai Aerospace Enterprise (DAE) Ltd announced that it had completed the previously announced acquisition of SKY Fund I Irish, Ltd and its subsidiaries (SKY Fund I) on November 18. Sky Fund I leases aircraft to 14 airline customers in 11 countries. Next-generation technology aircraft represent more than 90% of the acquired portfolio. Following the acquisition of SKY ...

Read More »
Send this to a friend