News

DUBAI / WAM Emirates Global Aluminium (EGA) on Wednesday announced that EGA’s CelestiAL solar aluminium will be blasted into space through a partnership with Gulf Extrusions and the Mohammed bin Rashid Space Centre (MBRSC). EGA’s metal has been formed in Jebel Ali into parts for MBRSC’s MBZ-SAT, the region’s most advanced commercial satellite in the field of high-resolution satellite imagery, ...

DUBAI / WAM Emirates NBD has announced the launch of the Emirates NBD Digital Asset Lab, a platform that will enable and accelerate digital asset and financial services innovation in the UAE. Through the Digital Asset Lab, the bank is establishing a robust platform with industry experts, enabling co-creation and experimentation for the development of innovative ideas in financial services ...

BRUSSELS / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, held a meeting with Josep Borrell, European Union High Representative for Foreign Affairs and Security Policy and Vice-President of the European Commission. The discussions, which took place in Brussels, focussed on strengthening bilateral relations between the UAE, the EU, and its member states ...

DUBAI / WAM The UAE Ministry of Education announced a collaboration agreement with its counterpart in the Sultanate of Oman, during an official visit by Dr Ahmad Belhoul Al Falasi, Minister of Education and the ministry’s delegation to Oman. This agreement aims to enhance collaboration and the exchange of expertise in the field of education between the two ministries. Dr ...

ABU DHABI / WAM Abu Dhabi Terminals (ADT) has announced that it has set a record by exceeding 10 million man-hours without lost time injury (LTI) and by handling 20 million twenty-foot equivalent units (TEU) containers. These achievements represent major milestones for ADT since inception. Recording more than 10 million man-hours without LTI is rare across the industry and reflects ...

ABU DHABI / WAM Alcoa and Emirates Global Aluminium (EGA) have announced a new multi-year agreement, with Alcoa set to supply EGA with smelter grade alumina. The agreement, spanning eight years starting in 2024, includes volume options that enable EGA to procure up to 15.6 million metric tonnes of alumina from Western Australia. This supply agreement represents a substantial portion ...

ABU DHABI / WAM Etihad Airways announced that it will fly to Osaka five times per week beginning from October 1. “We are delighted to introduce flights to Osaka for the first time,” said Antonoaldo Neves, Chief Executive Officer of Etihad Airways. “As one of the world’s most cosmopolitan cities, I know visitors will enjoy exploring its heritage and sampling ...

ABU DHABI / WAM Al Seer Marine, the global player across multiple marine sectors and a subsidiary of the International Holding Company (IHC), has secured a major cornerstone investment in Adnoc Logistics & Services PLC, the global energy maritime logistics leader with share value of AED 257 million ($70 million). The move comes as part of the company’s strategy to ...

ABU DHABI / WAM Adnoc Logistics & Services, a global energy maritime logistics leader, on Tuesday announced the offer price range and the opening of the subscription period for its initial public offering (IPO) on the ADX. The price range for the offering has been set between AED1.99 to AED2.01 per share, implying an equity value of $4.01 billion to ...

DUBAI / WAM In line with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to develop an integrated system to support the growth of family businesses, HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of ...