News

Abu Dhabi / WAM A Mercer Institute report focused on measuring global pension indicators revealed that the UAE is ranked 25th in its annual study, which included 44 global pension systems, equivalent to 65 percent of the world’s population. The report monitored relevant indicators regarding retirement income systems around the world, and highlighted several proposals that could contribute to providing ...

  Dubai / WAM Enoc group on Wednesday announced the opening of a new marine service station in Al Hamriya Port, Dubai, making it the eighth marine service station in the emirate. Al Hamriya port is a cargo gateway to Dubai. The port is well known for its flexibility, being able to berth different kinds of vessels from traditional dhows ...

  Dubai / WAM flydubai has announced the launch of flights to Osh in Kyrgyzstan starting November 3 with a twice-weekly service, becoming the first UAE carrier to operate direct flights from Dubai. The addition of flights to Osh makes it the second point in Kyrgyzstan including the capital, Bishkek. With the launch of operations to Osh, flydubai expands its ...

  Dubai / Gulf Time marhaba, part of dnata, continues to expand its lounge offering as passengers increasingly look for quality airport hospitality services to boost their travel experience. marhaba has re-opened a newly-refurbished lounge at Dubai International’s (DXB) Terminal 3. Located at Concourse ‘C’, the newest marhaba lounge features contemporary Arabic influences, enhanced buffet area. It offers comfortable seating ...

  Abu Dhabi / WAM President HH Sheikh Mohamed bin Zayed Al Nahyan has ordered the provision of additional humanitarian relief aid worth $100 million to Ukrainian civilians affected by the Ukraine crisis. Reem bint Ebrahim Al Hashimy, Minister of State for International Cooperation, underscored that the additional aid stems from the belief of His Highness Sheikh Mohamed in the ...

  PITTSBURGH / WAM Mubadala Capital, the global asset management firm and a wholly owned subsidiary of Mubadala Investment Company, on Tuesday announced that it has acquired AOG, LLC d/b/a TruFood Manufacturing (TruFood), in partnership with management. TruFood, a leading snack food contract manufacturer in several categories, is being acquired from funds affiliated with AUA Private Equity Partners, LLC. Financial ...

Abu Dhabi / WAM Emerge, a joint venture between Masdar and EDF, and Khazna Data Centres, the largest network of hyperscale data centres in the Middle East and North Africa region, signed an agreement to develop a ground-mounted solar photovoltaic (PV) plant to power Khazna’s new data centre in Masdar City. The plant, which has obtained Abu Dhabi’s Department of ...

  Abu Dhabi / WAM Emirates Development Bank (EDB) held its board meeting to review its results for the period ending September 30. The board discussed the progress being made in executing the bank’s strategy, which aims to support and empower the implementation of the UAE’s industrial development strategy, facilitate the adoption of advanced technology, empower the growth of SMEs, ...

  Abu Dhabi / WAM Abu Dhabi has won the bid to host the IDA World Congress 2024, which is organised by the International Desalination Association. The congress is considered the largest-of-its-kind in the world and brings together water and desalination sector leaders, senior officials, and international experts. The announcement was made during the current edition of the IDA World ...

  ABU DHABI / WAM The UAE has expressed support for the statement by the Ministry of Foreign Affairs of the Kingdom of Saudi Arabia regarding reviewing the status of oil markets and reducing production, noting that the decision was collective and based on the vote of Opec+. In a statement, the Ministry of Foreign Affairs and International Cooperation (MoFAIC) ...