News

Dubai / Emirates Business Homegrown UAE company Zbooni has announced it has just closed its latest funding round of $1.1 million from Chalhoub Group and B&Y Venture Partners to continue to grow the business. With a strong growth record over two years, it is handling millions of dirhams of sale transactions per month through its connected chat commerce app. The ...

ABU DHABI / WAM The Khalifa University of Science and Technology announced that it has become the first university in the UAE to be ranked among the top 300 academic institutions globally by the Quacquarelli Symonds, QS, World University Rankings 2020. Ranked 268th overall with a jump of 47 slots, Khalifa University thus remains among the top 27 percent of ...

Dubai / WAM Dubai Aerospace Enterprise (DAE), on Wednesday announced that its leasing division DAE Capital and Moscow based, Volga Dnepr owned cargo airline AirBridgeCargo have entered into a purchase and leaseback agreement with PDP financing for three factories new Boeing 777 freighter aircraft. The three aircraft will be the first of this type to enter AirBridgeCargo’s fleet in 2020. ...

SHARJAH / WAM Sharjah Islamic Bank (SIB), appointed banks to arrange investor meetings ahead of the issuance of a US dollar-denominated Islamic bond, also known as Sukuk, the bank has announced. SIB has mandated Citi, HSBC and Standard Chartered Bank as Joint Global Coordinators and Joint Structuring Agents for a benchmark size T1 Sukuk issuance. The instruments are priced following ...

Abu Dhabi / WAM A high-level trade and investment delegation organised by the Ministry of Economy under the chairmanship of Sultan bin Saeed Al Mansouri, Minister of Economy, will participate at the Africa Trade Week, set to be held in Johannesburg, South Africa, from June 23-25, under the theme ‘Africa – The New Home for Trade.’ The delegation includes Abdullah ...

Dubai / WAM A training workshop focused on using data and the workplace skills of the future was held in Jordan’s capital, Amman, and saw the participation of 40 young men and women. The workshop was held by the Mohammed bin Rashid Al Maktoum Knowledge Foundation (MBRF), in conjunction with the United Nations Development Programme (UNDP). The activity complemented the efforts ...

PARIS / WAM The Château de Fontainebleau’s historic Imperial Theatre has reopened to the public, following years of restoration works made possible by contributions from the Department of Culture and Tourism – Abu Dhabi. In recognition of Abu Dhabi’s contribution to the restoration, the theatre has been renamed as the Sheikh Khalifa bin Zayed Al Nahyan Theatre. HH Sheikh Abdullah ...

SHARJAH / WAM “World Refugee Day, which falls on June 20, is an annual reminder of pressing questions dealing with the reality and future of the 68 million people who have fled their homes to escape war, prosecution or terror. Every minute of every day, the staggering number continues to grow,” said HH Sheikha Jawaher bint Mohammed Al Qasimi, UNHCR’s ...

Abu Dhabi / Emirates Business Abu Dhabi National Exhibitions Company (Adnec) attended the International Council of Marine Industry Associations (ICOMIA), and International Federation of Boat Show Organisers (IFBSO), Conference alongside key industry stakeholders to promote the 2019 edition of Abu Dhabi International Boat Show (ADIBS), preparations for which are currently underway in the UAE capital. ADIBS is the first entity from ...

Abu Dhabi / Emirates Business Etihad Airways is preparing to launch seasonal flights between Abu Dhabi and the beautiful coastal city of Salalah, southern Oman, in time for the region’s unique Khareef, or green season. Salalah is one of the few locations on the Arabian Peninsula that experiences a monsoon season, creating extensive vegetation growth and spectacular waterfalls throughout the ...