April, 2023

• 19 April

  UAE President receives Jordanian King

  

  ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Tuesday received His Majesty King Abdullah II bin Al Hussein of Jordan, who is visiting the UAE accompanied by His Royal Highness Prince Hussein bin Abdullah II, the Crown Prince of Jordan. His Highness Sheikh Mohamed welcomed the Jordanian King and the Crown Prince at Al ...

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• 19 April

  Taqa’s $1.5b dual tranche 5-year, 10-year bond offering complete

  

  ABU DHABI / WAM Abu Dhabi National Energy Company (Taqa) announced on Tuesday the successful placement of an aggregate of $1.5 billion in 5-year and 10-year dual-tranche senior unsecured notes. The 10-year notes, sized at $1 billion and maturing on April 24, 2033, were issued at a coupon rate of 4.696%. These notes represent Taqa’s first green bond issuance and ...

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• 18 April

  UAE leaders wish Zimbabwe president on Independence Day

  

  ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Emmerson Mnangagwa of Zimbabwe, on the occasion of his country’s Independence Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed ...

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• 18 April

  Mohammed bin Rashid issues amendments to law regulating drone activity in Dubai

  

  DUBAI / WAM In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister, issued Law No. (10) of 2023 amending certain articles of Law No. (4) of 2020 that regulate the use of drones in Dubai, with the aim of enhancing safety standards. The new law amends article Nos. ...

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• 18 April

  Emtelle, Kezad sign pact for $50m facility in Abu Dhabi

  

  ABU DHABI / WAM Khalifa Economic Zones Abu Dhabi — Kezad Group and Emtelle on Tuesday announced the ground-breaking of one of their world’s largest facilities for the manufacture, distribution, and research and development of blown fibre units and ducted network solutions in Abu Dhabi. The ground-breaking represents the beginning of phase 1 of the three phases of development of ...

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• 18 April

  Sharjah hits 21,486 realty deals worth AED 5.9b in Q1 of 2023

  

  SHARJAH / WAM The Sharjah Real Estate Registration Department (SRERD) has reported that the emirate’s real estate sector has performed exceptionally well during the first quarter of 2023. According to the SRERD’s quarterly performance report, the total number of real estate transactions reached 21,486, with a total value of AED 5.9 billion. The report also revealed that real estate mortgages ...

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• 18 April

  EHS, MBZUAI partner to advance research, innovation efforts

  

  DUBAI / WAM Emirates Health Services (EHS) has signed a Memorandum of Understanding with the Mohammed bin Zayed University of Artificial Intelligence (MBZUAI), with the aim of strengthening areas of cooperation and knowledge sharing in line the common goals and strategies of developing human capital and promoting skills and advancing efforts in the fields of scientific research and innovation. The ...

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• 18 April

  Mohammed bin Rashid: Generosity, UAE are two sides of the same coin

  

  DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, stressed that generosity and the UAE are two sides of the same coin, and that the “1 Billion Meals Endowment” campaign will continue to welcome donations throughout the year. Once again leading by example and showing his full ...

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• 18 April

  SIB net profit surges 25% to AED233.1 million in Q1 2023

  

  SHARJAH / WAM Sharjah Islamic Bank (SIB) announced that its operating profit before provisions increased by 31.9 percent, amounting to AED327.7 million for the first quarter of 2023, compared to AED248.5 million for the same period last year. Net profit reached AED233.1 million for the quarter ending March 31, compared to AED187.0 million for the same period last year; an ...

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• 18 April

  Emirates increases flights across GCC, Middle East

  

  DUBAI / GULF TIME Emirates will be expanding its schedule this week to offer 38 additional flights across six cities in the GCC and Middle East to meet significant demand for Eid Al Fitr holiday travel. This year, more than 110,000 travellers are expected to board Emirates flights during Eid Al Fitr across the region, with additional flights planned for ...

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