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Emirates to operate two A380s to Bahrain for F1

DUBAI / WAM Emirates will upgrade two of its services to Bahrain on March 06 to the A380 to serve high demand from those visiting and attending the Bahrain Formula 1 Grand Prix 2023. Flights EK 835/836 and EK 837/838, all previously operated by the Boeing 777-300ER, have been upgraded to the flagship and customer favourite, the Emirates A380, and ...

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ERC, Q Holding ink deal to boost humanitarian work

ABU DHABI / WAM Emirates Red Crescent (ERC) and Q Holding PJSC signed a cooperation agreement to strengthen their partnership in humanitarian fields. The agreement outlines mechanisms for coordination and cooperation between the two parties and Q Holding’s role in supporting the ERC’s humanitarian and development efforts in the UAE and abroad. It also aims to promote corporate social responsibility ...

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Green energy meets 80% of Abu Dhabi demand: Ewec

ABU DHABI / WAM Emirates Water and Electricity Company (Ewec) has, for the first time, met 80% of total power demand in Abu Dhabi using renewable and clean energy from its solar and nuclear energy plants. In the process, Ewec supplied approximately 6.2 gigawatts (GW) of the total 7.7GW system power demand. The significant achievement to meet 80% of total ...

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Deal signed to attract new stream of crypto firms to Dubai

DUBAI / WAM DMCC – the world’s flagship free zone and government of Dubai Authority on commodities trade and enterprise – has partnered with Digital Wave Finance (DWF) Labs, a global digital asset market maker and multi-stage web3 investment firm, to offer a new $5 million growth platform for web3 and blockchain businesses at the DMCC Crypto Centre. As a ...

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e& receives Brand Finance Telecoms award in Barcelona

BARCELONA / WAM e& on Thursday received the Brand Finance Telecoms 150 2023 award as the most valuable portfolio of telecom brands in the Middle East and Africa. e& has undergone a significant transformation, resulting in remarkable business growth and sustained stakeholder confidence. The transformation into a global technology and investment group has seen e &’s portfolio of brands grow ...

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Investopia ‘Marketplace’ to position UAE as leading investment destination

DUBAI / WAM Investopia 2023 announced the launch of its newly innovative investment platform “Marketplace”, with the aim of enhancing the UAE attractiveness to foreign investments in various economic and commercial sectors, in particular the new economy sectors, and with the aim to position the UAE as a leading investment destination on the regional and global level. The launch will ...

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UAE, Malta keen to boost relations in key sectors

ABU DHABI / WAM The first political consultation committee between the UAE Ministry of Foreign Affairs and International Cooperation (MoFAIC) and the Ministry for Foreign and European Affairs and Trade of the Republic of Malta took place virtually. The meeting was chaired by ambassador Lana Zaki Nusseibeh, Assistant Minister of Foreign Affairs and International Cooperation for Political Affairs and Permanent ...

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UAE banks’ investments reach AED528bn in December 2022

ABU DHABI / WAM The Central Bank of the UAE has released figures showing that the total investments of banks operating in the country reached a historic high of AED528 billion at the end of December 2022. This represents an 11.5% annual increase or AED54.5 billion compared to the same period in the previous year, when total investments were AED473.2 ...

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Markab Capital, Italian firm to set up civil aircraft factory in UAE

ABU DHABI / GULF TIME The Emirati company “Markab Capital” signed a strategic partnership agreement with the Italian company “Super Jet International” to establish a factory for the assembly, installation and production of civil aircraft in UAE. The factory, which is scheduled to be completed in 2025, is the first of its kind in the Arab world, through which civil ...

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Al Fardan Exchange forays into UAE’s education sector

ABU DHABI / GULF TIME As one of the UAE’s leading institutions in the field of finance, Al Fardan Exchange under the umbrella of Al Fardan group has now ventured into the education sector with the inauguration of the Al Fardan Banking Training Institute. With corporate social responsibility at its core, the institute is aimed at developing and empowering UAE ...

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