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DAE ends first quarter with $2.8b in liquidity

Dubai / WAM Dubai Aerospace Enterprise, DAE, has announced that it ended Q1 2020 with available liquidity of approximately $2.8 billion. DAE’s owned, managed and mandated-to-manage fleet exceeded 400 aircraft. During the said period, DAE sold or novated 15 aircraft, acquired 4 aircraft and transitioned or extended leases on 8 aircraft. Commenting on the announcement, Firoz Tarapore, DAE’s Chief Executive ...

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Covid-19 precaution: UAE ministry cancels all night permits

ABU DHABI / WAM In response to the high level of commitment shown by the public with the precautionary measures to restrict traffic movement, the Ministry of Interior (MoI) decided to suspend all federal and local permits, and online applications for vehicles during the National Disinfection Programme, including the federal movement permit service, ‘Tajawal’ or ‘Move’. The move comes as ...

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‘Trakhees’ activates remote work system

ABU DHABI / WAM The Department of Planning and Development, (Trakhees), activated its remote work system to ensure continuity of providing a total of 365 field and non-field services to its customers. The department was able to continue providing its services 100 percent without interruption during this period in line with government announcement to ensure safety and wellbeing of the ...

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