Dubai / Gulf Time The Mena region witnessed 524 deals worth AED202.76 billion ($55.2 billion) during the first nine months of the year, according to the latest EY Mena M&A Insights report. Rising inflationary pressures, dampening economic demand and global market disruptions resulted in moderate growth in deal activity of 6% year-on-year (YoY) while deal value slipped by 23% ...

ABU DHABI / WAM Etihad Airways, the UAE national airline, and Garuda Indonesia, the national flag carrier of Indonesia, announced they are strengthening their partnership between Abu Dhabi and Jakarta and beyond their respective hubs. The scope of the partners’ codeshare agreement, first signed in 2012, will be significantly expanded to nearly double the number of combined destinations Etihad and ...

Solo, Indonesia / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Indonesian President Joko Widodo have inaugurated the Sheikh Zayed Grand Mosque in the Indonesian city of Solo. The two leaders performed prayers together at the mosque before His Highness Sheikh Mohamed signed a commemorative plaque to mark the opening. Named in honour of the late Sheikh ...