News

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 ...

ABU DHABI / WAM Dr Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development and Chairman of the Federal Transport Authority-Land and Maritime (FTA) highlighted the keenness of the UAE Government to provide incentives and adopt appropriate laws to encourage the growth of the country’s maritime sector, and keep pace with the country’s future goals. In his statement to ...

ABU DHABI / WAM The Emirates Red Crescent (ERC) launched several health projects in Pakistan, as part of its development initiatives for the ‘Year of Tolerance’. The projects include the restoration of the Kidney Treatment Centre in Khyber Teaching Hospital in Peshawar, which received ten kidney dialysis machines and other medical equipment, and the Institute of Kidney Diseases Hayatabad Peshawar, ...