News

DUBAI / WAM Dubai Aerospace Enterprise (DAE) Ltd reported its financial results for full-year 2018. The total revenue reached $1,436.6 million, marking a rise of 70% from 2017. The profit before tax amounted to $428.8 million, up 135% from the previous year. Firoz Tarapore, CEO of DAE, said: “DAE continued to build on its unique strengths and platform capabilities, a ...

Dubai / WAM Emirati astronauts Hazzaa Al Mansoori and Sultan Al Neyadi have undergone a three-day winter survival training organised by the Yuri Gagarin Cosmonaut Training Centre in Zvezdini in the Russian capital Moscow. The training, which aims to prepare the astronauts to survive harsh winter conditions, is part of the ongoing preparations to send the first Emirati astronaut to ...

CAIRO / WAM Dr. Ahmed el-Tayeb, Grand Imam of Al Azhar, has received a message from His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, thanking him for his recent visit to the UAE, during which, he met His Holiness Pope Francis, head of the Catholic Church, ...

Dubai / WAM The Mohammed bin Rashid Space Centre (MBRSC), announced that September 25, will be the launch date of the first Emirati Arab astronaut’s trip to the International Space Station (ISS). The announcement came during a press conference held by MBRSC that featured Yousuf Hamad Al Shaibani, Director-General of MBRSC; and Salem Al Marri, Assistant Director-General for Scientific and ...

VATICAN / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, sent a message to His Holiness Pope Francis, Head of the Catholic Church, thanking him for the historic visit to the UAE from February 3-5, and his participation along with Dr Ahmad el-Tayeb, Grand Imam ...

Sharjah / Emirates Business Keeping with their commitment to support entrepreneurs and build key networks across the region, the Sharjah Entrepreneurship Center (Sheraa) and Endeavor, a global non-profit pioneering in high-impact entrepreneurship movement, have signed a Memorandum of Understanding (MoU), to ensure alignment and closer collaboration of both parties. The MoU was signed by Najla Al-Midfa, CEO of Sheraa, and ...

Barcelona / Emirates Business Etisalat and Huawei, a leading global provider of ICT infrastructure and smart devices—on Monday announced during Mobile World Congress a strategic partnership to deploy end-to-end 5G network in UAE in 2019. This partnership is in line with Etisalat’s continuous efforts to enhance its digital experience and provide innovative solutions and services to its customers with the ...

ABU DHABI / WAM Sandooq Al Watan received a contribution of AED10 million from Emirates Investment Corporation (EMIC), in support of its efforts to drive sustainable development across all strategic sectors. The contribution will be added to Sandooq Al Watan Fund which is earmarked for projects to develop talents and capacities, and galvanise progress, and building a bright future for ...

ABU DHABI / WAM Sanad Aero Solutions, Sanad, a wholly-owned subsidiary of Mubadala Investment Company, announced the closing of a new financing facility with First Abu Dhabi Bank (FAB). FAB has led several Sanad financings since the company launched in 2010 which support various existing and new customer spare engine and component programmes including new long-term CFM56-5B and 7B spare ...

DUBAI / WAM Lieutenant General Dhahi Khalfan Tamim, Deputy Chairman of Police and General Security in Dubai and Chairman of HBMSU’s Board of Governors, on Monday officially opened the 12th edition of Innovation Arabia Conference and Exhibition. The event is being held under the patronage of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and ...