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UAE unveils first locally-made drone ‘Garmousha’ at Umex

ABU DHABI / WAM Adasi, the regional leader in autonomous systems and services, on Sunday launched the first UAE-made high-performance “Garmousha” vertical take-off and landing drone, in an agreement with the General Headquarters of the UAE Armed Forces. His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, unveiled the new unmanned system at ...

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Etihad Engineering records robust growth

Abu Dhabi / Emirates Business Ahead of its participation at the upcoming MRO Middle East event at the Dubai World Trade Centre, Etihad Engineering announced its performance indicators for 2019 revealing that the leading maintenance, repair and overhaul (MRO) provider has signed off yet another year with a very positive record and continues to demonstrate strong potential for sustained growth ...

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Sharjah Islamic Bank proposes 10% dividend

SHARJAH / WAM During the 44th General Assembly of the Sharjah Islamic Bank (SIB), 10 percent of the profits were distributed to shareholders, including five percent in cash and five percent of bonus shares, approved after the bank reported a net profit of AED545.5 million last year, an increase of seven percent compared to 2018, when profits reached AED510.4 million. ...

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