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AL AIN / WAM Silal, Abu Dhabi’s leading food, agriculture, and technology company, has announced that its state-of-the-art automated packhouse in Al Ain will deliver up to 216 tonnes of fresh produce daily and will be the largest of its kind in the UAE. Covering an area spanning 14,000 square metres, Silal’s automated packhouse includes a 4,930 square metre grading ...

ABU DHABI / WAM The Abu Dhabi Department of Economic Development (Added) and Tawazun Industrial Park, established by Tawazun Council, have signed a memorandum of understanding to boost industrial sector’s competitiveness and further develop it by implementing initiatives and programmes of the Abu Dhabi Industrial Strategy (Adis). The agreement was signed by Arafat Al Yafei, Executive Director of Added’s Industrial ...

DUBAI / WAM DP World’s Jebel Ali Free Zone (Jafza) witnessed the highest customer registrations in a decade, marking a 30 percent year-on-year growth, and taking the total number of companies to over 9,500 in 2022. The free zone has created unparalleled opportunities in a variety of sectors through end-to-end logistics solutions, digital trade platforms and access to DP World’s ...

ABU DHABI / WAM Sheikh Zayed Housing Programme (SZHP), an initiative under the Ministry of Energy and Infrastructure (MoEI), on Wednesday announced the first batch of beneficiaries of housing loans and grants for 2023. As part of the new policy announced in May 2022, the programme has issued 550 decisions worth AED435.750 million in loans and grants. This brings the ...

ABU DHABI / WAM Abu Dhabi is set to host the ninth edition of the ‘Union Fortress 9’ military parade under the patronage of President His Highness Sheikh Mohamed bin Zayed Al Nahyan. The announcement came during a preparatory meeting, held under the chairmanship of Major General Ali Saif Al Kaabi, Deputy Commander of the Presidential Guard, and several Ministry ...

DUBAI / WAM DP World has announced the first commercial use of its revolutionary Boxbay High Bay Storage (HBS) system at South Korea’s Pusan container terminal, which is world’s sixth-largest container port. This pioneering technology has put Dubai in the spotlight globally as DP World, a leading provider of smart end-to-end supply chain logistics, continues to adopt innovative ways to ...

ABU DHABI / WAM Abu Dhabi Exports Office (Adex), the export financing arm of Abu Dhabi Fund for Development, and Japan’s Sumitomo Mitsui Financial Banking Corporation (SMBC), have joined hands to provide a loan facility of $135 million to Trafigura, a market leader in the global commodities industry. Adex contributed $125 million of the total facility to support Trafigura’s working ...

ABU DHABI / WAM Emirates Global Aluminium (EGA) on Tuesday reported its strongest-ever financial results, announcing net profit of AED7.4 billion ($2.0 billion), up 34 percent from AED5.5 billion ($1.5 billion) in 2021. EGA’s adjusted Earnings Before Interest, Tax, Depreciation and Amortisation (adjusted Ebitda) for 2022 was up 37 percent to a record AED12.4 billion ($3.4 billion), compared to AED9.0 ...

ABU DHABI / WAM Mubadala Investment Company announced that it has partnered with primary investor Stone Point Capital, a private equity firm focussed on the global financial services industry, alongside other co-investors, to purchase a 20% stake for $1.95 billion in Truist Insurance Holdings, Inc, a subsidiary of Truist Financial Corporation. Based in Charlotte, North Carolina, Truist Insurance Holdings is ...

ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan, on Tuesday at Qasr Al Shati Palace, received Andrzej Duda, President of the Republic of Poland. President His Highness Sheikh Mohamed bin Zayed welcomed President Duda and his accompanying delegation, expressing his hopes that his visit would constitute an impetus to the two countries’ relations. The two ...