News

Abu Dhabi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan issued the Federal Decree – Law No.33 of 2021 on the regulation of labour relations in the private sector that will take effect from February 2, 2022. The new decree-law seeks to enhance the elasticity, resilience and sustainability of the labour market nationwide, as well as ensure ...

Dubai / WAM Emirates announced at the Dubai Airshow 2021 on Tuesday that it will retrofit 105 of its modern wide-body aircraft with its Premium Economy product, in addition to other cabin enhancements. The 18-month retrofit programme, scheduled to begin at the end of 2022, will be entirely conducted at Emirates’ state-of-the-art Engineering Centre in Dubai. It will see 52 ...

DUBAI / WAM The Mohammed Bin Rashid Initiative for Global Prosperity Monday announced that it will host the Global Prosperity Conference to explore the role of start-ups, disruptive business models, and digital innovations to support the advancement of the United Nations Sustainable Development Goals (SDGs) and drive global good. Reinforcing the importance of technology as a key tool for positive ...

Dubai / WAM On the second day of Dubai Airshow 2021, the Ministry of Defence announced the conclusion of 5 deals at the value of AED11,284,837,000.00 with local and international companies. The total number of deals in these two days have been 10 contracts with a total value of AED16,524,044,000.00. The deals of the first day amounted to AED5,239,207,000. This ...

ABU DHABI / WAM This year’s Adipec — the global energy industry’s largest, most important and influential event — opened on Monday and will run until November 18 to offer face-to-face meetings for the energy industry following the challenges of Covid-19. The event is held under the patronage of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, and hosted ...

DUBAI / WAM Tawazun Economic Council (Tawazun) and Bahrain Defence Force (BDF) have signed a Memorandum of Understanding (MoU) to boost cooperation in defence industries and to exchange information and expertise on industrial participation and offset programmes. Present at the signing ceremony were Kamal bin Ahmed Mohammed, Bahraini Minister of Transport and Telecommunications; Matar Salem Al Dhaheri, Under-Secretary of the ...

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 ...

DUBAI / WAM Edge, the region’s leading advanced technology group for defense and beyond, on Monday announced the signing of a Memorandum of Understanding (MoU) between EARTH, an entity within Edge Group, and Lockheed Martin, that has the potential to modernise aviation capabilities for UAE Apache pilots. Omar Al Zaabi, Senior Vice President, Head of Programme Acquisition at Edge, and ...

DUBAI / WAM The Global Manufacturing and Industrialisation Summit (GMIS) and G42 have announced a partnership to explore the latest trends and opportunities in artificial intelligence (AI), advanced analytics and cloud computing to accelerate the digitisation of manufacturing processes and drive supply chain improvements. Through this partnership, GMIS and G42 will promote the adoption of disruptive technologies to solve some ...

Dubai / Emirates Business In a major boost to the Pakistan payments corridor, LuLu Exchange – a leading financial services provider in the UAE has entered into a strategic partnership with Bank Alfalah, a leading bank in Pakistan, to accelerate and scale cross border remittance payments from the UAE to Pakistan through the RippleNet platform. The payment integration by Bank ...