ABU DHABI / WAM Waha Capital, an investment management company in Abu Dhabi, has announced the completion of the refinancing of its revolving credit facility with the support of four local and regional banks. The 3-year $500 million revolving credit facility replaces and upsizes the current facility of $400 million. The syndication of the facility was positively received with the ...

ABU DHABI / WAM Abdullah Mohammed Al Mazrouei, Chairman of Abu Dhabi Chamber of Commerce and Industry, and Dr. Mudaffar Mustafa Al Jubouri, Ambassador of Iraq to the UAE, have discussed ways to boost economic relations between the UAE and Iraq. During a recent visit to Abu Dhabi Chamber, the Iraqi Ambassador expressed his country’s interest in boosting economic cooperation ...

Abu Dhabi / WAM Khalifa Fund for Enterprise Development developed and published an ‘Impact Report’, which measures the effectiveness of their funding programmes between 2007-2019, and how their various forms of funding have helped develop SMEs and shape the future of the UAE’s entrepreneurial ecosystem. The 54-page report assessed how the UAE’s economy and GDP were impacted, how the SME ...

DUBAI / WAM The Dubai Electricity and Water Authority (Dewa) received 24 local, regional, and international awards in the first half of 2021 following the work approach of the Government of Dubai. Dewa’s Jebel Ali Power Generation and Water Production Complex has been confirmed by Guinness World Records as the largest single-site natural gas power generation facility in the world. ...

Dubai / WAM The Dubai Airshow 2021, set to take place from November 14-18 at Dubai World Central, serves as a key indicator of Dubai’s success in overcoming the challenges that the pandemic has posed, and moving in the right direction towards achieving a full recovery of the aviation industry. Commenting on the progress that Dubai’s aviation sector has made ...

Abu Dhabi / WAM Abu Dhabi Islamic Bank (ADIB) has announced it received two major awards at this year’s Business Continuity Institute (BCI) Middle East Awards ceremony. The Business Continuity Institute Middle East Awards aims to identify institutions that have outstanding business continuity, risk and resilience practices. ADIB has been recognised for the “Most Effective Recovery” and having the best ...

ABU DHABI / WAM Etisalat Group announced the appointment of Masood M. Sharif Mahmood as Chief Executive Officer (CEO) for Etisalat UAE operations. Reporting to Etisalat Group CEO, this new position is part of Etisalat group’s ongoing and agile transformation strategy that targets diversifying and exploring new growth opportunities, accelerating business development in the digital field, expanding geographical presence and ...

Sharjah / WAM More than 750 individual and company start-ups from around the world have joined the Sharjah Advanced Industry Accelerator 2.0 (SAIA), organised by the Sharjah Research Technology and Innovation Park (SRTI Park). The second edition of the accelerator programme is in line with Industry 4.0 and the UAE’s industrial strategy “Operation 300bn”, a 10-year comprehensive policy to empower ...

DUBAI / WAM The Dubai Electricity and Water Authority (Dewa) received 24 local, regional, and international awards in the first half of 2021 following the work approach of the Government of Dubai. Dewa’s Jebel Ali Power Generation and Water Production Complex has been confirmed by Guinness World Records as the largest single-site natural gas power generation facility in the world. ...

Dubai / WAM The total number of hybrid/electric taxis and limousines in Dubai amounted to 4,683 in 2020, Mattar Mohammed Al Tayer, Director-General, Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA), revealed. Of these, 4,510 are hybrid taxis (about 50 percent of Dubai Taxi fleet), and 173 others are electric/hybrid limos of the Dubai ...