News

Dubai / WAM Emirates Development Bank (EDB) has announced the signing of a strategic agreement with Dubai Industries & Exports (Dubai IE) to provide innovative financing and banking solutions to SMEs and corporates aimed at supporting the growth of UAE’s industrial sectors and exports. Signed by Ahmed Mohamed Al Naqbi, CEO of EDB, and Saed Al Awadi, CEO of Dubai ...

ABU DHABI / WAM HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council, Chairman of the Abu Dhabi Executive Office and Chairman of the Executive Committee of the Board of Directors of the Abu Dhabi National Oil Company (Adnoc), on Monday witnessed the signing of a strategic partnership that confirms a $6.2 billion ...

Dubai / WAM Expo 2020 Dubai announced its latest visitor numbers, with an incredible 3,578,653 individual visits achieved by November’s half-way point, only six weeks into Expo’s six-month run. Virtual visitation also rose to 15.7 million since October 1. The announcement comes after a packed weekend at the site, with stellar music, sport and cultural performances taking place. And more ...

Dubai / WAM Israel Aerospace Industries (IAI) has signed an agreement to convert four B777-300ER passenger aircraft to cargo configuration for Emirates. The aircraft will be converted at the new site established in Etihad Engineering’s MRO centre in Abu Dhabi, and the first conversion of the Emirates plane is expected to begin in early 2023. The agreement has potential to ...

ABU DHABI / WAM Sheikh Shakhbout bin Nahyan bin Mubarak Al Nahyan, Minister of State, representing President His Highness Sheikh Khalifa bin Zayed Al Nahyan, participated in the “Paris International Conference for Libya,” which was held in the French capital, Paris. During his speech, the minister conveyed the greetings and appreciation of the UAE leadership to France, Germany, Italy, Libya ...

ABU DHABI / WAM Edge Group entity, GAL, a leading regional provider of integrated aircraft sustainment solutions for military and civilian customers, has been awarded an exclusive Performance-Based Logistics (PBL) contract to supply the UAE Air Force and Air Defence (AFAD) with maintenance, repair and overhaul (MRO), and specialised support services. For the first time in the company’s history, the ...

ABU DHABI / WAM Tawazun Economic Council (Tawazun) on Sunday signed a Letter of Intent (LoI) to purchase 100 VRT500 helicopters from Aeroter at a total value of around AED913 million for use across some government entities. The delivery of the 100 helicopters is expected by the end of 2023. Ahmed Ali Al Harmoodi, Chief Acquisition Management officer of Tawazun, ...

DUBAI / WAM Emaar Development PJSC, the leading build-to-sell property development business, majority-owned by Emaar Properties, achieved strong performance during the first nine months (January to September) of 2021, with a strong contribution by exceptional inventory sales, and reinforced by recent successful launches creating value for the future. The developer reported its highest ever property sales of AED20.943 billion in ...

Dubai / WAM The UAE Ministry of Culture and Youth has signed a Memorandum of Understanding (MoU) with the UK’s Department for Digital, Culture, Media & Sport (DCMS) to reinforce cooperation in cultural fields related to tangible and intangible cultural heritage, literature, visual and performing arts, audio-visual media, design, cultural and creative industries. The two countries will also work together ...

DUBAI / Emirates Business Emirates Islamic, one of the leading Islamic financial institutions in the UAE, successfully closed a $500 million five-year sukuk issued from its $2.5 billion Certificate Issuance Programme. The landmark issuance, rated A+ by Fitch, is listed on Nasdaq Dubai and Euronext Dublin’s Regulated Market. Investors showed strong appetite which resulted in an order book that peaked ...