Dubai / WAM Dubai Aerospace Enterprise (DAE), Ltd. announced on Tuesday 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 $555 million of the principal amount of its publicly traded bonds under the previous authorisations of $600 million. DAE Chief ...

Dubai / WAM Emirates Central Cooling Systems Corporation (Empower), announced a payment of AED400 million as dividend to its shareholders for fiscal year ended on December 31, 2019. Empower recorded a net profit of AED871 million in 2019 with an increase of 8.3 percent year-on-year (Y-o-Y) and 46 percent of this is being paid as dividends. The company also recorded ...

DUBAI / WAM Nine countries from around the world – Djibouti, Grenada, Malawi, Myanmar, Saint Kitts and Nevis, San Marino, Sri Lanka, Suriname and Zimbabwe – have unveiled their Expo 2020 Dubai pavilions, each designed by young and emerging talented students, and in line with the Expo’s wider aim to engage, involve and empower the next generation. Hind Al Boom, ...