News

  Abu Dhabi / WAM Union National Bank (UNB) on Tuesday announced the successful completion of a 12-year aircraft financing term loan facility for the acquisition of an Airbus A380 aircraft by Baz Aircraft Leasing One L.T.D, in which it acted as mandated lead arranger. The aircraft is leased to the UAE’s national carrier, Abu Dhabi-based Etihad Airways, according to a ...

  Abu Dhabi / WAM Shareholders of the National Central Cooling Company, Tabreed, approved a dividend of 6.5 fils per share for the 2016 financial year, which represents an 8 percent increase on the dividend paid out in 2015. The dividend was approved by shareholders at the company’s Annual General Assembly which was chaired by Khaled Abdulla Al Qubaisi, Tabreed’s Vice ...

  Abu Dhabi / Emirates Business Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi) is spearheading a large delegation of more than 50 of the emirate’s leading hotels, tour operators, attractions and destination management companies to Germany to highlight the best of the emirate at one of the world’s largest travel and trade exhibitions to help build on last ...

  Sharjah / WAM The success of Pink Caravan’s journey should not be measured by the kilometres it travelled in the past six years, but by the number of detections, free screenings and medical advice provided by brave giving women who completely committed to the nation’s health and safety, HH Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member ...

  Dubai / Emirates Business The Mohammed bin Rashid Al Maktoum Knowledge Foundation (MBRF) signed an agreement with Emirates Islamic Bank, whereby both parties will collaborate to support efforts to mark the Year of Giving 2017. In the agreement, the Foundation and Emirates Islamic pledge to exchange knowledge and expertise, and to launch joint initiatives and projects to promote social ...

  Abu Dhabi / Emirates Business Mother of the Nation Festival (MOTN), the largest of its kind in Abu Dhabi which pays tribute to the values and extensive contributions of H.H. Sheikha Fatima bint Mubarak, will mark International Women’s Day by celebrating women’s role in Emirati society. Highlighting the values instilled in every Emirati citizen by HH Sheikha Fatima bint ...

  Emirates Business Her Highness Dr Sheikha Shamma bint Mohammed Al Nahyan made a special visit to Etihad’s Global Business Service Solutions (GBSS) facility in Al Ain. Tuesday’s visit was part of Etihad Aviation Group’s (EAG) activities to mark International Women’s Day, recognised internationally on March 8 each year to celebrate the achievements of women. This year’s theme is ‘Be ...

  Bloomberg Yingde Gases Group Co. Chairman Zhao Xiangti’s agreement to sell his stake to a private equity firm undermined the chance of a better deal from other potential buyers, according to an expelled founder fighting to regain management control. The allegation against Zhao is among the latest in the war of words between the three estranged founders of the ...

  Bloomberg Russia has exited recession, with a little help from the boys in uniform, a major statistical revision – and the global oil price. And not just any recession, but its longest in two decades. So what happened? Is the economy really out of the woods? Actually, the contraction ended a few quarters earlier than previously estimated, according to ...

  AP Comcast NBCUniversal is paying $2.3 billion to buy out its partners to take full ownership of Universal Studios Japan. The company said Tuesday that it had agreed to purchase the 49 percent stake in the theme park from its partners, including Goldman Sachs, a US hedge fund and an Asian private equity firm. Comcast NBCUniversal says the purchase ...