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Emirates to build new $950m engineering facility at DWC

DUBAI / WAM Emirates, the world’s largest international airline, today announced a massive $950 million investment to build a new ultra-modern engineering facility at Dubai World Central (DWC). Spread over 1 million square metres, the engineering complex will be the largest and most advanced of its kind to be operated by any airline, adding a boost to Dubai’s world-class aviation ...

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AED 11.6 billion worth deals signed on first two days of Dubai Airshow 2023

DUBAI/ WAM Tawazun Council, the independent government entity that works closely with the Ministry of Defense and security agencies to maximize value through acquisition systems, announced signing of 11 deals, worth AED 6.9 billion, with local and international companies on the second day of the Dubai Airshow 2023. The cumulative value of deals signed for first two days at Dubai ...

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ADNOC Gas reports 13% Q-o-Q increase in Q3 2023 net income to $1.1 billion

ABU DHABI/ WAM ADNOC Gas plc (ADNOC Gas), a world-class integrated gas processing company, today announced its financial results for the three months and nine months ended September 30, 2023 (Q3 2023 and 9M 2023). ADNOC Gas continued to deliver robust financial and operational performance in a volatile market environment marked by consumer and geo-political pressures. The Company’s Q3 2023 ...

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Dubai Taxi announces its intention to float on Dubai Financial Market

DUBAI / WAM Dubai Taxi Company announced on Monday its intention to proceed with an initial public offering (IPO) and to list its ordinary shares for trading on the Dubai Financial Market (DFM). In a statement on Monday, the company said that 624,750,000 shares, each with a nominal value of AED0.04, will be made available in the offering, representing 24.99% ...

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UAE is seeking to address climate change challenges: Tuna Gulenc

ABU DHABI / WAM Tuna Gulenc, Vice President of Japan’s Daikin Middle East Africa, said that the UAE is continuing its global efforts to radically change the course of climate action and pave the way for a sustainable future by hosting COP28. In statements to the Emirates News Agency (WAM), Gulenc added that COP28 will come up with the first-ever ...

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