DUBAI / WAM Dubai Aerospace Enterprise (DAE) entered into a definitive sale agreement to sell a portfolio of 18 mid-life aircraft to institutional investors. The 18 aircraft in this portfolio are on lease to 15 airlines in 13 countries and have a weighted average age of approximately nine years with a weighted average remaining lease term of 4.5 years. The ...

DUBAI / WAM Emirates Central Cooling Systems Corporation (Empower) is building a new 50,000 Refrigeration Tonnesm (RT) unmanned district cooling plant in Jumeirah Village Circle (JVC). Being built at a total cost of AED250 million, the project is part of company’s expansion plan of increasing the number of district cooling plants across Dubai, to serve major projects. This is also ...

Dubai / WAM Twenty-eight student teams from 16 universities across the UAE have secured the funding and support needed to take their creative solutions to the next level, thanks to Expo 2020 Dubai’s innovation and partnership programme ‘Expo Live’. The teams, comprising about 100 students, are to each receive grants of up to AED50,000, plus guidance and exposure, to advance ...