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DUBAI / WAM Dubai Aerospace Enterprise (DAE) announced that its board of directors and shareholders had authorised an additional $300 million for bond repurchases to be conducted through open market transactions. To date, DAE has repurchased approximately $1.13 billion of principal amount of its publicly traded bonds under the previous authorisations of $1.2 billion. DAE now has $370 million of ...

DUBAI / GULF TIME Air Dispatch, part of dnata and the world’s leading supplier of centralised load control (CLC) services, has celebrated the production of its seven millionth loadsheet.  The milestone document was issued from the Prague facility, ensuring safe and efficient operations of a Titan Airways’ Airbus A330-300 P2F cargo flight which the airline operates on behalf of global ...

ABU DHABI / WAM A record of 60,310 Muslims in Abu Dhabi gathered at the Sheikh Zayed Grand Mosque on the 27th night of Ramadan to observe Laylat Al Qadr, a significant night in the Islamic faith. This is the largest number of worshippers hosted by the grand mosque since its opening. Laylat Al Qadr, or the Night of Destiny ...

DUBAI / WAM The UAE and Kurdistan regional governments held a series of meetings to promote their strategic partnership in government modernisation. This partnership is being launched under the umbrella of the Government Experience Exchange Programme, and during the meetings, the two parties discussed ways to expand their cooperation and enhance the exchange of knowledge, expertise, and successful experiences in ...

ABU DHABI / WAM The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) has announced a new AED367.23 million ($100 million) Culinary Investment Fund that will help introduce iconic brands to the UAE capital. In addition, the fund will support building and establishing a Culinary School to aid with recruitment, training, and other staffing resources in the ...

DUBAI / WAM The Ministry of Climate Change and Environment has launched an integrated programme to monitor plastic waste in the marine and coastal environment of the country, in line with its efforts to preserve marine resources, seawater quality, and beach cleanliness within the general framework of Year of Sustainability. A series of scientific studies will be conducted as part ...

SHARJAH / WAM Sharjah Taxi, one of the projects of Sharjah Asset Management, the investment arm of the emirate of Sharjah, has distributed 15,000 meals to Sharjah taxi drivers across various localities, in close cooperation with Sharjah Charity International. Khalid Al Kindi, Acting General Manager — Osoul Transport Solutions, said that this initiative strives to promote the values of goodness ...

HANOI / WAM Dr Bader Abdullah Al Matrooshi has presented his credentials as UAE ambassador Extraordinary and Plenipotentiary to Vietnam, to Võ Văn Thưởng, President of the Socialist Republic of Vietnam, at an official reception ceremony which took place at the Presidential Palace in the capital, Hanoi. During the meeting, Al Matrooshi conveyed to the President of Vietnam the greetings ...

DUBAI / WAM Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, on Wednesday announced its results for the period ending on March 31. The bank’s net profit came in at AED 1.506 billion, up 12 percent year-on-year (YoY) compared to AED1.345 billion, a growth was driven by rising core revenues and effective cost management. Net financing and ...

LATAKIA / WAM The Emirates Red Crescent (ERC) team in Latakia Governorate are distributing Eid clothes sets among  60 orphans in the governorate who’ve lost their parents in the February 6 earthquake as part of  the“Operation Gallant Knight/2”, initiated by the Ministry of Defence’s Joint Operations Command. Mohamed Khamis Al-Kaabi, the head of the ERC team, said the UAE humanitarian ...