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ABU DHABI / WAM Dubai Aerospace Enterprise (DAE) on Wednesday announced that it has signed a new four-year unsecured revolving credit facility arranged by Emirates NBD as sole mandated lead arranger and bookrunner. The initial commitment of $535 million is from a group of eight regional banks. The accordion feature allows the facility to be increased to up to $600 ...

DUBAI / WAM Dr Matar Al Neyadi, Under-Secretary of the Ministry of Energy and Industry in the government of the UAE, opened the three-day 22nd Middle East Iron and Steel Conference in Dubai by discussing ongoing regional and international trends, and how the iron and steel sectors of the GCC could work towards mitigating risks inherent in a turbulent international ...

Emirates Business The Federal Tax Authority (FTA) asserted that all preparations were complete by the system operator ahead of launching phase two of the tax refunds for tourists scheme next Sunday (December 16), whereby the scheme would cover 12 air, land, and sea ports across the country. Phase two comes on the heels of the previous phase of implementing the ...

Dubai / Emirates Business Leading economic and business experts portrayed a positive outlook for 2019 at the Arab Strategy Forum (ASF) 2018 in a session titled “Arab World Economy…What’s Next”. Navigating the existing economic challenges facing the region, including the need to create employment opportunities, adapting to technology and fluctuating oil prices, the session posed a question: “Do economic considerations ...

Dubai / Emirates Business “Dubai has emerged as the newest member among the most significant global cities, a stable city that the world can rely on, and it should embrace its role as the anchor of West Asia,” said leading geopolitical expert Parag Khanna, at the concluding session of Arab Strategy Forum (ASF) 2018, remarking on the continued efforts made ...

Dubai / Emirates Business “Arab nations continue to be heavily reliant on oil, which can have a severe impact on the economic and political growth of the region,” said Dr Nasser Saidi, former Lebanese Minister of Economy and Trade, during a session titled ‘The State of the Arab World Economy in 2019’ at the Arab Strategy Forum (ASF) 2018, moderated ...

AL AIN / WAM Adnoc Fertilisers, an affiliate of Adnoc Group, hosted at Qasr Al Muwaiji in Al Ain city the 3rd Agricultural Field workshop in cooperation with the Arab Fertiliser Asso- -ciation and Saudi Arabian Basic Industries Corporation (SABIC). The event, organised for the first time in the UAE, aims to showcase Adnoc Fertilizers’ commitment to the community by ...

Dubai / Emirates Business flydubai launches new fare types offering passengers more choice when travelling in Economy. The new fare types, which are applicable for all bookings, allows passengers to choose between Lite, Value and Flex bundles designed to cater to their different travel needs, budget. Passengers travelling in Business continue to benefit from great value for money with the ...

Abu Dhabi / Emirates Business The Environment Agency – Abu Dhabi (EAD), the largest environmental regulator in the Middle East, on Wednesday released the results of the Abu Dhabi Air Emissions Inventory. The findings have produced over 50 high-definition sector- and pollutant- specific Air Emission Maps that identify the location and intensity of each man-made emission source in Abu Dhabi ...

Abu Dhabi / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, revealed that the UAE economy had achieved several developmental milestones in 2018, which have contributed to stimulating its growth, enhancing its competitiveness and ensuring the sustainable development of the economy. The Minister added that the country has reinforced its regional and global reputation as an economic hub, thanks ...