Abu Dhabi / WAM The National Central Cooling Company (Tabreed) has entered into a strategic partnership with the International Finance Corporation (IFC), a member of the World Bank Group, to invest about $400 million in India over the next five years. Under the partnership agreement, Tabreed India, currently a wholly owned subsidiary of Tabreed, will be transferred to a ...

Abu Dhabi / WAM The United Arab Emirates has expressed its sincere condolences and solidarity with the Philippines over the victims of Typhoon Rai, which swept through several central and southern areas. The typhoon caused around 200 fatalities and left thousands homeless. The Ministry of Foreign Affairs and International Cooperation expressed its sincere condolences and sympathy to the Philippines government ...

  ABU DHABI / WAM Emirates Development Bank (EDB) on Monday announced the closure of an AED165 million revolving credit facility, co-arranged with First Abu Dhabi Bank (FAB) to Lamprell Energy Ltd, a leading provider of services to the international energy sector. The bespoke credit facility additionally benefited from the comprehensive trade credit solutions provided by Etihad Credit Insurance (ECI), ...

  Dubai / WAM As a part of Dubai government efforts to create new economic sectors, it was announced today that the Dubai World Trade Centre (DWTC) will become a comprehensive zone and regulator for virtual assets and crypto including digital assets, products, operators and exchanges. The DWTC will be designing a comprehensive ecosystem for this progressive sector within Dubai. The ...

  Abu Dhabi / WAM International Holding Company (IHC) has announced today the acquisition of a majority and controlling stake in Al Qudra Holding PJSC (AQH). The acquisition will enable IHC to broaden its portfolio in the real estate, services, and hospitality area. Al Qudra Holding has built out a large portfolio of customers since its founding in 2005, including ...

  Dubai / WAM Following the opening of the final phase of Concourse A at Dubai International’s (DXB) Terminal 3, the world’s busiest international airport is 100% operational with all terminals, concourses, lounges, restaurants, and retail outlets now open. Terminal 3 is expected to serve more than 1.6 million passengers in the second half of December during the month’s peak ...

  Dubai / WAM Expo 2020 Dubai visit numbers have increased significantly to a total of 7,167,591 visits in the period up to December 20, as organisers continue to maintain robust Covid-19 measures, ensuring a safe and exceptional event for all attending. Expo 2020’s virtual visitation rose to 31.6 million over the same period, mainly driven by the uptake of ...

  Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 272,115 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. ...

  Dubai / WAM Under the patronage of HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, the second edition of Al Burda Festival opened at the Dubai Exhibition Centre, Expo 2020 Dubai. Organised by the Ministry of Culture and Youth, this year’s edition of Al Burda Festival takes place under the theme “Transcending Spaces, ...

  Abu Dhabi / WAM Adnoc Distribution, the UAE’s largest fuel and convenience retailer, announced on Monday the opening of its latest Adnoc service station in KSA – the first to fully showcase the company’s modern fuel and retail convenience offering with an integrated Adnoc Oasis store, car wash and lube change. During the first half of 2021, Adnoc Distribution ...