RAS AL KHAIMAH / WAM Gulf Pharmaceutical Industries (Julphar) announced on Wednesday that its AED500 million ($1.36 million) rights issue was successfully completed and more than two times oversubscribed. According to a press release issued by Julphar on Wednesday, the company will use the net proceeds of the rights issue to support the implementation of its growth plans, repay existing ...
Read More »Dubai / WAM DP World has lauded a decision by the US House of Representatives to pass legislation requesting a regulatory framework for the safe deployment of hyperloop systems. The Non-Traditional and Emerging Transportation Technology (NETT) Council in the United States is expected to issue guidance within the next six months to help set out a clear regulatory framework for ...
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Bloomberg Apple Inc. won its court fight over a record 13 billion-euro ($14.9 billion) Irish tax bill in a crushing blow to European Union Competition Commissioner Margrethe Vestager’s crackdown on preferential fiscal deals for companies. The judgment by the EU’s lower court on Wednesday vindicates Apple Chief Executive Officer Tim Cook’s challenge against a decision he labelled as “political crap.†...
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ABU DHABI / WAM Etihad Airways announced the expansion its hand baggage only ‘Deal Fare’ which allows travellers to purchase lower fares in Economy Class if no checked baggage is required, to include destinations across Europe and Asia. The ‘Deal Fare’ includes a complimentary carry-on baggage allowance of 7kg and was initially only available on flights between Abu Dhabi, Bahrain, ...
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Dubai / WAM Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, rang the market-opening bell at Nasdaq Dubai on Wednesday to celebrate the listing of a $1.5 billion perpetual sukuk. According to a press release issued by Nasdaq Dubai on Wednesday, DP World, the Dubai-based provider of worldwide smart end-to-end supply chain logistics, will use the capital ...
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ABU DHABI / WAM The United Arab Emirates on Wednesday sent a second aid plane carrying eight metric tonnes of medical supplies to Kazakhstan. This aid will assist approximately 8,000 medical professionals as they work to contain the virus, bolstering the country’s efforts to curb the spread of Covid-19. “The UAE has spared no effort to provide the best health ...
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ABU DHABI / WAM Adnoc Distribution has announced the launch of a new range of lubricants that offer greater fuel efficiency for hybrid vehicles. The new range of Adnoc Voyager vehicle engine oils is the UAE’s first to meet the needs of latest engine technologies and to be certified by the world-leading industry body, the American Petroleum Institute (API). Voyager ...
Read More »ABU DHABI / WAM First Abu Dhabi Bank (FAB) has been named the ‘Middle East’s Best Bank for Financing’, ‘Best Investment Bank in the UAE’ and the ‘Middle East’s Best Bank for Corporate Responsibility’ in Euromoney’s Awards for Excellence 2020. The ‘Middle East’s Best Bank for Financing’ honour marks the second consecutive year, and the third time in four years, ...
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Abu Dhabi / WAM The Emirates Nuclear Energy Corporation (Enec) has successfully completed the construction of Unit 2 of the Barakah Nuclear Energy Plant, the Arab World’s first nuclear energy plant located in the Al Dhafra region of Abu Dhabi. The unit has now been officially handed to Nawah Energy Company (Nawah), ENEC’s operating and maintenance subsidiary, for operational readiness ...
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Dubai / WAM A new launch date for the UAE Hope Probe mission to Mars have been set for Friday July 17 at 12:43am UAE time. The UAE Space Agency and the Mohammed bin Rashid Space Centre, in collaboration with Mitsubishi Heavy Industries, made the announcement following a decision to delay the mission due to bad weather conditions. The UAE’s ...
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