News

ABU DHABI / WAM Emirates Global Aluminium (EGA), Mubadala and Dubal Holding will sign an agreement worth over AED1 billion to develop a state-of-the-art power block and a water desalination plant at EGA’s smelter at Jebel Ali in Dubai. The new facilities will improve efficiency of power for EGA’s aluminium smelting, reducing environmental emissions and natural gas consum- ption. Mubadala ...

ABU DHABI / Emirates Business Abu Dhabi Terminals (ADT) and CSP —Abu Dhabi sign an MoU to strengthen collaboration and ensure smooth transactions between the two facilities. The MoU promises to increase cooperation between two companies, benefitting Abu Dhabi and UAE trade and supporting Abu Dhabi Leadership vision 2030. The two parties will facilitate a significant increase in contribution to ...

Dubai / WAM Investment Corporation of Dubai (ICD) announced its consolidated financial results for the six month period ended on June 30, having achieved revenues of AED115.1 billion and net profit of AED10 billion. Revenues grew across all operating segments with the largest increases in oil and gas and transportation services. Net profit reached AED10 billion. Net profit benefited from ...

ABU DHABI / WAM The owners of the 402-megawatt (MW) Dudgeon wind farm in Britain’s North Sea, Masdar, Equinor and China Resources Group, have announced the signing of a hybrid refinancing that includes approximately GBP561 million (AED 2.6 billion) of commercial bank debt and GBP706 million (AED 3.275 billion) of senior secured notes privately placed with institutional investors, finally maturing ...

Abu Dhabi / WAM The Federal National Council (FNC) has expressed full support and solidarity with Saudi Arabia in rejecting recent US Senate resolutions, reaffirming the necessity of all world countries abiding by UN conventions and principles on respecting the sovereignty of world nations and refraining from meddling into the internal affairs of each other. In a statement on Tuesday, ...

ABU DHABI / WAM The joint military exercise between the ground forces of the UAE and the United States has concluded. The “Iron Union 9” exercise, which continued for two weeks, comes within the framework of the joint exercises of the UAE Armed Forces with fraternal and friendly countries to enhance their combat skills. The final day of the exercise ...

DUBAI / WAM Emirates Airline and South African Airways (SAA), are expanding their strategic cooperation with enhancements to its codeshare agreement, opening up new destinations for both Emirates and SAA customers. Pending governmental approval, South African Airways and Emirates have signed an enhanced commercial partnership which will see the relationship between the two carriers grow and strengthen their codeshare agreement ...

ABU DHABI / Emirates Business Leading integrated shipping, logistics and marine services provider GAC is opening a warehouse and open yard in the Middle East’s largest industrial zone and a subsidiary of Abu Dhabi Ports, Khalifa Industrial Zone Abu Dhabi (Kizad). The new GAC Abu Dhabi facility, expected to be fully operational by January next year, will serve a wide ...

ABU DHABI / Emirates Business Al Hilal Bank, the progressive Islamic Bank headquartered in Abu Dhabi, announced the completion of its Data Transformation Programme, as part of the Bank’s strategy to enable digital evolution throughout its entire chain of operations. The Data Transformation Programme was implemented in record time by a specialised team from the Bank using SAS technology, innovative ...

Abu Dhabi / Emirates Business It was a moment of euphoria for Private International English School, Abu Dhabi as the school got qualified to plant five trees in Minae’, South Ras Al Khaimah (Skheibar Area) on December 18. Nine students accompanied by five parents, the SSI coordinator Ushakumari, and Eco Club member Pushpa Joyce attended “For Our Emirates We Plant” ...