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Emtelle, Kezad sign pact for $50m facility in Abu Dhabi

ABU DHABI / WAM Khalifa Economic Zones Abu Dhabi — Kezad Group and Emtelle on Tuesday announced the ground-breaking of one of their world’s largest facilities for the manufacture, distribution, and research and development of blown fibre units and ducted network solutions in Abu Dhabi. The ground-breaking represents the beginning of phase 1 of the three phases of development of ...

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Sharjah hits 21,486 realty deals worth AED 5.9b in Q1 of 2023

SHARJAH / WAM The Sharjah Real Estate Registration Department (SRERD) has reported that the emirate’s real estate sector has performed exceptionally well during the first quarter of 2023. According to the SRERD’s quarterly performance report, the total number of real estate transactions reached 21,486, with a total value of AED 5.9 billion. The report also revealed that real estate mortgages ...

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EHS, MBZUAI partner to advance research, innovation efforts

DUBAI / WAM Emirates Health Services (EHS) has signed a Memorandum of Understanding with the Mohammed bin Zayed University of Artificial Intelligence (MBZUAI), with the aim of strengthening areas of cooperation and knowledge sharing in line the common goals and strategies of developing human capital and promoting skills and advancing efforts in the fields of scientific research and innovation. The ...

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Mohammed bin Rashid: Generosity, UAE are two sides of the same coin

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, stressed that generosity and the UAE are two sides of the same coin, and that the “1 Billion Meals Endowment” campaign will continue to welcome donations throughout the year. Once again leading by example and showing his full ...

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SIB net profit surges 25% to AED233.1 million in Q1 2023

SHARJAH / WAM Sharjah Islamic Bank (SIB) announced that its operating profit before provisions increased by 31.9 percent, amounting to AED327.7 million for the first quarter of 2023, compared to AED248.5 million for the same period last year. Net profit reached AED233.1 million for the quarter ending March 31, compared to AED187.0 million for the same period last year; an ...

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Emirates increases flights across GCC, Middle East

DUBAI / GULF TIME Emirates will be expanding its schedule this week to offer 38 additional flights across six cities in the GCC and Middle East to meet significant demand for Eid Al Fitr holiday travel. This year, more than 110,000 travellers are expected to board Emirates flights during Eid Al Fitr across the region, with additional flights planned for ...

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Fatima Al Blooshi named as director of Abu Dhabi Businesswomen Council

ABU DHABI / WAM The Abu Dhabi Businesswomen Council, a subsidiary of the Abu Dhabi Chamber, has appointed Fatima Helal Al Blooshi as a director of the council, to lead the development of women’s role in the private sector and enable them to be a key partner in the emirate of Abu Dhabi’s sustainable economic development. Al Blooshi is a ...

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‘UAE-China partnership will be key asset to COP28 Presidency’

BEIJING / WAM Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP28 President-Designate, has concluded a two-day trip to China, where he held a series of bilateral meetings, including with Ding Xuexiang, First Vice Premier of China; Zhao Chenxin, Vice Chairman of the NDRC; Huang Runqiu, Minister of Ecology and Environment; Xie Zhenhua, Special Envoy ...

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