News

  Abu Dhabi / WAM Waha Capital has announced the extension of maturity of its collar hedges over the approximate 4 million shares it owns in New York-listed AerCap Holdings N.V. This extension forms part of the company’s wider hedging and financing strategy over its shares in AerCap. This strategy, which limits downside equity market risk for Waha Capital, was originally ...

  Dubai / WAM The Buildings Department of Dubai Municipality is undertaking engineering supervision of 25,124 buildings under construction in various areas of the Emirate of Dubai. The engineering supervision process includes inspection and control of all construction works. Building permits were issued for various kinds of multi-storied buildings, general and industrial buildings, private villas and investment villas as well as ...

  Sharjah / WAM Sheikha Jawaher bint Mohammed Al Qasimi, Chairperson of the Nama Women Advancement Establishment and wife of H.H. the Ruler of Sharjah, has hailed the leap forward taken by Emirati women on the road to progress and excellence, shoulder to shoulder with men in every sphere of activity, thanks to the UAE leadership’s constant support and abiding faith ...

  Abu Dhabi / WAM Sanad Aero Solutions GmbH (Sanad), a wholly-owned subsidiary of Mubadala Development Company, on Wednesday announced an expansion to its existing relationship with Etihad Airways, national carrier of the UAE. The 12-year sale and lease-back agreement is valued at US$265 million and sees Sanad add an additional 12 spare engines in support of the airline. Sanad, which ...

  Dubai / WAM flydubai is participating in Dubai’s Department of Tourism and Commerce Marketing’s (Dubai Tourism) first-ever East Africa roadshow, joining 14 Dubai-based partners in showcasing a wide range of services and upcoming attractions in Kampala, Uganda. It will continue the roadshow to Dar es Salaam on August 30. The roadshow is a platform for local operators to meet directly ...

  Dubai / WAM Dubai Chamber of Commerce and Industry, in association with BSA Ahmed bin Hezeem and Associates, organised a workshop entitled “Key Legal Aspects of Real Estate” on the Chamber’s premises. The workshop seeks to raise awareness of the legal aspects of doing business in Dubai, with a particular emphasis on property ownership for GCC nationals and foreigners. Attended ...

  Dubai / Emirates Business Dubai Electricity and Water Authority (DEWA) launched an innovation fund to develop creative ideas proposed by DEWA’s employees on the MyDEWAideas internal portal, which was launched by DEWA early last year. The portal encourages creativity and innovation, and implements the suggestions received by DEWA’s employees to improve the work environment, and further develop the services ...

  Dubai / WAM ENOC Processing Company LLC, a subsidiary of Emirates National Oil Company, ENOC, has received international recognition for its quality control laboratory, reinforcing its capabilities to deliver quality products to its customers. The ENOC refinery achieved ISO 9001:2015 and ISO 17025:2005 certificates for its laboratory quality management systems and its technical competency respectively, aligned with international benchmarks for ...

  Dubai / WAM Emirates Auction, a world leading company in hosting, organising and managing public auctions of all kinds, was announced as the winner of the Best Web Application Award in the Services Category during the 9th UAE Excellence Awards ceremony organised recently at the Al Bustan Rotana, Dubai. Abdullah Matar Al Mannai, Executive Director of Emirates Auction, received the ...

  Frankfurt / AFP Strong foreign trade and buoyant consumption drove Germany’s economy, Europe’s largest, to better-than-expected growth in the second quarter, federal statistics office Destatis said on Wednesday. Gross domestic product (GDP) grew by 0.4 percent between April and June, adjusted for seasonal, calendar and price effects — twice as fast as analysts surveyed by Factset predicted. However, the ...