February, 2021

• 17 February

  Etihad, Gulf Air sign pact to deepen partnership

  

  ABU DHABI / WAM Etihad Airways, the national airline of the United Arab Emirates, and Gulf Air, the national carrier of the Kingdom of Bahrain, have signed a Strategic Commercial Cooperation Agreement (SCCA) to deepen their partnership between Abu Dhabi and Bahrain and beyond the respective hubs. The wide-ranging SCCA, subject to obtaining applicable governmental and regulatory approvals, was signed ...

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• 17 February

  Saab reveals first UAE-made product at this year’s Idex

  ABU DHABI / WAM Saab, a defence and security company in the UAE, is revealing its first UAE developed product at Idex 2021. The company’s inaugural UAE developed product is a Rugged Camera Module — Infrared, (RCAM-IR) which features an extremely rugged design for harsh and demanding environments. This is the first of many such products to be developed in ...

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• 17 February

  Arada to build AED367m student housing complex

  

  SHARJAH / WAM Sharjah developer Arada has announced the award of a contract to build “Nest”, an integrated student housing complex based at its Sharjah megaproject Aljada. The AED367 million contract was won by Intermass Engineering and Contracting Company, a Sharjah-based contractor with more than 40 years’ experience in the regional construction industry, which has also worked on previous phases ...

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• 17 February

  Oil holds near $60 as cold snap halts a third of US crude output

  

  Bloomberg Oil held gains after surpassing $60 a barrel for the first time in a year as a cold snap and power crisis took out a third of US crude production. Some 3.5 million barrels a day of American output has been halted, according to traders and industry executives, as a cold blast freezes well operations and cuts power across ...

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• 17 February

  Air Arabia resumes flights to Luxor, Egypt

  

  SHARJAH / WAM Air Arabia has announced the resumption of direct flights between Sharjah and Luxor, starting from February 23. Customers can now book their direct flights between Sharjah and Luxor by visiting Air Arabia’s website, by calling the call centre or through travel agencies. Ensuring the highest standards of safety at every step of the journey by following all ...

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• 17 February

  Idex, Navdex 2021 to host 900 companies from 97 countries

  

  Abu Dhabi / WAM Major General Staff Pilot Ishaq Saleh Al Balushi, Head of the Executive Directorate of Industries and Development of Defence Capabilities at the Ministry of Defence and Vice Chairman of the Higher Organising Committee for Idex and Navdex, has said that the participation of 900 companies from 59 countries in the current edition of the joint event, ...

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• 17 February

  Dutch company Adyen selects DIFC for its regional headquarters

  

  Dubai / WAM Dubai International Financial Centre (DIFC) welcomed global payment technology provider Adyen, a company that has a market capitalisation of €66.4 billion and processed over €303.6 billion worth of transactions in 2020. Dutch firm Adyen announced their expansion into the Middle East in November 2020. The company selected the DIFC as the location for its regional headquarters, due ...

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• 17 February

  Mubadala Petroleum appoints new CEO

  

  Abu Dhabi / WAM Mubadala Petroleum on Wednesday announced the appointment of Mansoor Mohamed Al Hamed as Chief Executive Officer (CEO) of the international oil and gas exploration and production company, which is a wholly-owned subsidiary of Mubadala Investment Company (Mubadala). Al Hamed succeeds Dr Bakheet Al Katheeri, who was recently appointed to an executive leadership position in the newly ...

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• 17 February

  Arada to build AED367mn student housing complex at Aljada, Sharjah

  

  SHARJAH / WAM Sharjah developer Arada announced the award of a contract to build “Nest”, an integrated student housing complex based at its Sharjah megaproject Aljada. The AED367 million contract was won by Intermass Engineering and Contracting Company, a Sharjah-based contractor with more than 40 years’ experience in the regional construction industry, which has also worked on previous phases at ...

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• 17 February

  UAE reports 3,570 new recoveries from Covid-19

  ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 185,502 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Wednesday, 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 ...

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