News

Dubai / WAM Dubai Aerospace Enterprise (DAE), Ltd. announced on Tuesday that its Board of Directors and shareholders had authorised an additional $300 million for bond repurchases to be conducted through open market transactions. To date, DAE has repurchased approximately $555 million of the principal amount of its publicly traded bonds under the previous authorisations of $600 million. DAE Chief ...

Dubai / WAM Emirates Central Cooling Systems Corporation (Empower), announced a payment of AED400 million as dividend to its shareholders for fiscal year ended on December 31, 2019. Empower recorded a net profit of AED871 million in 2019 with an increase of 8.3 percent year-on-year (Y-o-Y) and 46 percent of this is being paid as dividends. The company also recorded ...

DUBAI / WAM Nine countries from around the world – Djibouti, Grenada, Malawi, Myanmar, Saint Kitts and Nevis, San Marino, Sri Lanka, Suriname and Zimbabwe – have unveiled their Expo 2020 Dubai pavilions, each designed by young and emerging talented students, and in line with the Expo’s wider aim to engage, involve and empower the next generation. Hind Al Boom, ...

Dubai / Emirates Business Under a special dispensation from the authorities in Saudi Arabia, Emirates will operate selected flights to Riyadh, Jeddah and Dammam from March 12-15. This is to facilitate the return of travellers whose journeys were disrupted by the recent travel restrictions implemented by the Kingdom as a containment response to the Covid-19 outbreak. Only Saudi nationals will ...

DUBAI / WAM The Dubai Financial Market (DFM) announced that it has successfully implemented a remote working technical exercise that included various market operations’ technical activities, as part of its plan for business continuity in the event of facing any unforeseen circumstances. Hassan Al Serkal, Chief Operating Officer and Head of Operations Division of DFM, said, “In line with DFM’s ...

AL AIN / WAM Al Ain Zoo, in cooperation with the Abu Dhabi Digital Authority and IBM, has conducted pilot tests for the use of artificial intelligence (AI) systems to identify animals individually using a face or skin imprint. During its initial stages, the tests will be applied on three animals; Arabian Sand Cat, Dama Gazelle, and penguin, as AI ...

SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI) received a delegation from Etihad Rail to enhance avenues of cooperation and introduce the business community in Sharjah to the strategic Etihad Rail project in view of its importance in supporting the national economy. The meeting also reviewed the possibility of holding an introductory seminar for government and private ...

ABU DHABI / WAM President of the Global Council for Tolerance and Peace Dr. Ahmed bin Mohammed Al Jarwan has denounced the attack on the Sudanese Prime Minister Abdalla Hamdok’s convoy on March 9, in the Sudanese capital, Khartoum. In a statement, Dr. Al Jarwan said that the council is working hard to mobilise international efforts to fight and confront ...

Abu Dhabi / Emirates Business Etihad Cargo, the cargo and logistics arm of Etihad Aviation Group, has expanded its digital portfolio by launching the first version of its mobile application, offering customers the ability to gain real time access to information on-the-go. Building on the success of Etihad Cargo’s iCargo platform and etihadcargo.com, the optimised mobile app boasts an array ...

Sharjah / WAM The Big Heart Foundation, (TBHF) the Sharjah-based global humanitarian charity dedicated to helping refugees and people in need worldwide received 242 nominations from 52 countries for the fourth edition of the Sharjah International Award for Refugee Advocacy and Support (SIARA). Of the total number of nominations received, 49 percent were from Africa, 44 percent from Asia, five ...