February, 2023

• 14 February

  Adnec, UAE ministry launch Idex next gen

  

    Abu Dhabi / WAM Adnec group, in cooperation with the Ministry of Defence, has announced the launch of Idex Next Gen for the first time during the 16th edition of Idex 2023 and the 7th edition of Navdex 2023. The exhibitions will be held under the patronage of President His Highness Sheikh Mohamed bin Zayed Al Nahyan from February ...

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• 14 February

  Dubai Islamic Bank prices $1b sustainable sukuk

    Dubai / WAM Dubai Islamic Bank (DIB) has successfully priced its second Sustainable Sukuk – a landmark $1 billion 5.5-year senior issue with a profit rate of 4.80 percent per annum, representing a spread of 102.4 bps over 5-Year US Treasuries. The sukuk was issued in line with DIB’s Sustainable Finance Framework, which was created to facilitate financing of ...

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• 14 February

  UAE President meets world leaders, heads of delegations

  

  Dubai / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan met a number of world leaders, officials and heads of delegations participating in the World Government Summit (WGS) 2023, which kicked off on Monday in Dubai. His Highness Sheikh Mohamed held separate meetings with HH Sheikh Ahmad Nawaf Al Ahmad Al Sabah, Prime Minister of Kuwait; Maeen Abdulmalik ...

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• 14 February

  Empower revenues jump 13.3% to AED2.8bn in ’22

  

    Dubai / WAM Emirates Central Cooling Systems Corporation (Empower) announced its financial results for the fiscal year 2022, with a total revenue of AED2.8 billion, and with a remarkable growth of 13.3 percent compared to 2021. The company has recorded a net profit of AED1.001 billion, representing an increase of 7 percent compared to the previous year. The company ...

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• 14 February

  Operation ‘Gallant Knight / 2’ symbolises UAE’s rich legacy of humanity

  

  AhramanmaraÅŸ, Türkiye / WAM The UAE’s humanity is a rich legacy inherited from generation to generation. The country has always proved that humanity is action, not words, which has transformed tragedies and sufferings of people in many parts of the world into joy and happiness. With the launch of Operation “Gallant Knight / 2” under the directives of the wise ...

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• 14 February

  Jawhara Jewellery announces opening of its 90th store in UAE

  

    Ras Al Khaimah / Gulf Time Under the patronage and presence of Sheikh Mohammed bin Kayed Al Qasimi, Chairman of the Department of Economic Development in Ras Al Khaimah, and in the presence of media professionals and senior guests, the new branch of Jawhara Jewellery was opened in Manar mall in Ras Al Khaimah. With this, Jawhara reaches 90 ...

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• 13 February

  AD Police launches new recording studio

    Abu Dhabi / WAM The Abu Dhabi Police (AD Police) has launched a new recording studio as part of its Security Media Department, Command Affairs Sector, to coincide with World Radio Day observed on February 13. The aim of the studio is to improve audio communications with the community and increase awareness of various police and security matters. Major ...

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• 13 February

  Emirati Belselah wins UAE International Jet Ski Championship title

  

    Abu Dhabi / Gulf Time The curtain fell on the fifth and final round of the UAE International Jet Ski Championship held on Abu Dhabi’s breakwater. The championship witnessed the participation of 60 competitors, representing the UAE, Bahrain, Saudi Arabia, Kuwait, Qatar, Japan, Morocco, Jordan, Palestine and Hungary, who took part in 11 racing categories. The first place in ...

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• 13 February

  Air India close to record jet deal with Airbus, Boeing

  

    Bloomberg Air India has signed agreements with Airbus SE and Boeing Co for what could become the largest purchase of jetliners in commercial aviation history, as the carrier seeks to reinvent itself with a fuel-efficient fleet that can take on local low-cost rivals. The airline has agreed on the outlines of the accord with the two planemakers and may ...

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• 13 February

  Korean grocery delivery app shelves Seoul IPO on valuation frustration

  

    Bloomberg Oasis Corp, a South Korean grocery delivery app that competes with US-listed Coupang Inc, decided to withdraw what was expected to be the nation’s largest initial public offering in five months amid difficulty in reaching expected valuation. After finishing the book building for an offering expected to be as large as 206.8 billion won ($162 million), the startup ...

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