News

Bloomberg Automakers to trading houses from North America to Europe are becoming more concerned about future supply shortages of key materials needed for electric vehicle batteries as spending on new production soars, according to the developer of a $1.5 billion project in Australia. More than a dozen parties have now expressed interest in taking up as much as a 50 ...

MOSCOW / WAM The UAE has been named as the partner country of Moscow Global Forum ‘City for Education’ set to take place in conjunction with Aqdar World Summit from August 29 until September 1 in Russia. Maadhad Hareb Mughair Al Khaili, UAE Ambassador to Russian Federation highlighted importance of hosting such international events that ensure the exchange of knowledge ...

ABU DHABI / WAM Around AED31 billion was generated through 10,000 plus real estate transact-ions across Abu Dhabi Emirate in first half of 2019, according to the first biannual report of the Department of Urban Planning and Municipalities (DPM). “These results demonstrate the buoyant real estate market in Abu Dhabi,” Falah Al Ahbabi, Chairman of the DPM, commented, adding, “These ...

Al Ain / Emirates Business Strata Manufacturing, the advanced composite aero structures manufacturing company wholly-owned by Mubadala Investment Company PJSC, is to expand its current manufacturing facilities to on board the assembly of the Boeing 787 Dreamliner vertical fins. The modifications to Strata’s existing facility at Nibras Al Ain Aerospace Park follow an agreement signed by the two aircraft manufacturers ...

Dubai / Emirates Business Etihad Credit Insurance (ECI), the UAE federal credit insurance company has signed a memorandum of understanding (MoU) with the Corporate Banking division of Emirates NBD, enabling them to expedite their global business reach. This partnership will empower UAE-based firms to strengthen their presence regionally and internationally by providing them access to ECI’s comprehensive range of trade ...

Dubai / WAM Smart Dubai has upgraded its flagship “Dubai Now” application, designed to be the city’s one-stop shop for smart services, which will allow users to donate to four types of beneficiaries during the Year of Tolerance. Launched in collaboration with the Dubai Department of Finance (DoF), the new feature offers a platform in which donations can be made ...

Dubai / WAM Saeed Mohammed Al Tayer, Managing Director and CEO of Dubai Electricity and Water Authority (Dewa) received a high-level delegation from the Brunei Ministry of Energy, Manpower, and Industry (MEMI) at the Dewa’s Sustainable Building in Al Quoz. The two sides discussed ways to work together and exchange experiences and practices to enhance Dubai’s position as a global ...

Dubai / WAM Noor Bank has announced that it entered into a successful collaboration with Azimut (DIFC) Limited to launch the largest US-dollar Islamic fixed maturity plan (FMP) in the UAE under a Dubai International Financial Centre (DIFC) domiciliation. Azimut (DIFC) Limited is an asset management company regulated by the Dubai Financial Services Authority (DFSA) and a full subsidiary of ...

Abu Dhabi / WAM Emirates Post, in cooperation with Mohammed bin Rashid Space Centre,MBRSC, celebrates the KhalifaSat with a commemorative stamp, which showcases the image of the satellite’s launch into outer space over the UAE. KhalifaSat is the first-ever Arab satellite engineered from scratch by a 100% Emirati engineering team, marking one of the greatest milestones for the UAE. KhalifaSat ...

ABU DHABI / WAM Al Ain Municipality, and Abu Dhabi General Services Company, Musanada, have begun the construction of seven new parks and three sand playgrounds across four regions in Al Ain, namely Sweihan, Nahel, Al Shwaib and Al Faqa. The work, expected to be completed by October, spans an area of 12,100 square metres at a cost of approximately ...