Dubai / Emirates Business DAMAC Properties Dubai Co. PJSC, a leading property developer in the Middle East, on Wednesday announced its first-nine months of 2017 financial results, reporting total revenue of AED 5.8 billion and net profit of AED 2.3 billion. As of September 30, DAMAC’s booked sales for 9M stood at AED 6 billion, representing a 13 percent increase ...

ABU DHABI / WAM Louvre Abu Dhabi on Wednesday signed the first exclusive platinum partnership with Etihad Airways, at the museum’s dome. As a Platinum partner, Etihad will work closely with Louvre Abu Dhabi on areas of brand partnership, marketing, social media, public and media relations, events and exhibitions, cultural exchanges, cargo support, inflight programming, and travel trade support. Etihad Airways’ ...

ABU DHABI / Emirates Business Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for corporates and individuals, announced on Wednesday its expansion into the UK market with the opening of a representative office in London, under the name ADNIC International Limited. The office will facilitate reinsurance across industrial sectors including Energy (Upstream and Downstream), ...

DUBAI / Reuters Abu Dhabi’s state fund Mubadala Investment Company said it has launched a venture capital arm that will oversee an early growth fund set up with Japan’s SoftBank, and a fund of funds focusing on emerging fund managers. A ventures investment team will be based in San Francisco, the first Mubadala office in the United States, it said ...

ABU DHABI / WAM Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, extended a $50 million (AED183.65 million) concessionary loan to the Maldivian government to develop the Velana International Airport in Male. The development project includes the construction of a new 3,400-metre runway with a breakwater and rehabilitation of the old runway. In addition, the ...

ABU DHABI / WAM The Abu Dhabi Water and Electricity Authority (ADWEA), and the Abu Dhabi Future Energy Company, Masdar, discussed the latter’s participation in the Abu Dhabi Sustainability Week (ADSW), as well as strengthening their mutual cooperation and coordination. Their discussion took place during a meeting with Abdullah Ali Musleh Al Ahbabi, Chairman of the Board of Directors of ...

SHARJAH / WAM Sharjah Archaeology Museum in partnership with Institut Francais in the UAE, and support of UNESCO on Wednesday opened an exhibition that celebrates a 40-year partnership with French archaeologists to unearth the hidden secrets of the UAE’s past. The exhibition was inaugurated by HH Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, ...

RAS AL-KHAIMAH / WAM Ras al-Khaimah is edging closer to its 900,000 visitor target for 2017, after producing record arrivals in the first nine months of this year. The latest results released by Ras al-Khaimah Tourism Development Authority (RAKTDA) show a nine-month growth in key categories including arrivals, hotel occupancy, guest nights and length of stay, with international arrivals registering ...

Dubai / WAM Hundreds of delegates from across the globe have gathered in Dubai to hear about the plans and progress of Expo 2020 Dubai and to help shape the first World Expo in the Middle East, Africa and South Asia (MEASA) region. More than 500 representatives from almost 180 countries will attend the International Participants Meeting (IPM) on October ...

ABU DHABI / WAM The 3rd UAE Biosecurity Conference starts on Monday in Dubai to identify and discuss issues and concerns in areas of biosecurity and provide a scientific platform for discussions and exchange of knowledge in this field. Sponsored by the Ministry of Climate Change and Environment, the two-day event will be opened by Dr Thani bin Ahmed Al-Zeyoudi, ...