ABU DHABI/WAM Modon Holding PSC (Modon), an Abu Dhabi-based holding company, and Egypt’s Elsewedy Industrial Development have signed a letter of intent (LOI) to build and operate a new industrial zone servicing the Ras El Hekma city megaproject in Egypt. The 10 million sqm new industrial zone, located south of the Alexandria-Matrouh Highway and opposite the Ras El Hekma site ...
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March, 2025
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27 March
Masdar completes acquisition of Valle Solar project in Spain
MADRID/WAM Abu Dhabi Future Energy Company PJSC – Masdar announced on Thursday the investment through its subsidiary Saeta of one of the largest solar PV projects in Spain’s Valencia region, Valle Solar. This landmark project, initially promoted by the joint venture of Genia Solar Energy and Solar Ventures, is the next step in Masdar’s commitment to expansion in Spain, driving ...
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27 March
Emaar approves AED2.7b dividend for 2024
DUBAI/WAM Emaar Development shareholders approved the Board of Directors’ proposal to distribute a dividend of AED2.7 billion ($740 million), representing 68 percent of the share capital. The announcement came during the Emaar Annual General Meeting, where the Board of Directors reviewed the company’s financial performance for 2024 and discussed its future growth strategy. The board’s report on the company’s activities ...
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27 March
EHC Investment acquires of Al Fanar Gas Group, expands energy capabilities
ABU DHABI/WAM EHC Investment, through its energy arm Emirates International Gas (EIG), has announced the full acquisition of Al Fanar Gas Group, Abu Dhabi’s largest gas distributor and maintenance provider and one of the most prominent gas service companies across the UAE. This strategic acquisition reinforces EHC’s long-term vision for growth, agility, and technological advancement, while strengthening its role in ...
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27 March
Combating obesity strategic health priority: MoHAP
DUBAI/WAM The Ministry of Health and Prevention (MoHAP) has launched several initiatives over the course of the past year 2024 in collaboration with the World Health Organisation to support the National Programme to Combat Obesity and tackle childhood obesity. The ministry also signed a landmark agreement with a renowned company to develop the national scientific guide for obesity management and ...
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27 March
DoH’s digital transformation sets new standards in healthcare service excellence
ABU DHABI/WAM The Department of Health – Abu Dhabi (DoH), the regulator of the healthcare sector in the emirate, is at the forefront of digital transformation, making significant strides in enhancing healthcare services and improving community well-being. With most healthcare services in Abu Dhabi digitalised, such as Sanadkom and the Sick Leave Attestation Service on TAMM, DoH is reshaping the ...
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27 March
CBUAE unveils Dirham symbol as UAE joins FX Global Code
ABU DHABI/WAM The Central Bank of the UAE (CBUAE) on Thursday unveiled the new symbol for the UAE’s national currency, the “Dirham”, in a move that embodies the vision of the wise leadership, and the directives and ongoing support of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Chairman of the Presidential Court, and Chairman ...
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27 March
Etihad Airways empowers communities in Sri Lanka
ABU DHABI/WAM Embodying its unwavering commitment to social responsibility beyond aviation, Etihad Airways has launched a series of transformative community outreach initiatives in Sri Lanka. These efforts are a cornerstone of the airline’s broader Corporate Social Responsibility strategy dedicated to humanitarian aid, education, and community empowerment, fostering meaningful, sustainable change in the communities it serves. “Rooted in Etihad’s core values ...
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27 March
Abu Dhabi Aviation, Archer partner to deploy first ‘Midnight’ electric aircraft
ABU DHABI/WAM Abu Dhabi Aviation Group (ADA) has signed a strategic memorandum of understanding (MoU) with Archer Aviation to deploy the first fleet of its Midnight electric vertical take-off and landing (eVTOL) aircraft globally, starting this year. This initiative is part of Archer’s global “Launch Edition”, which was launched from Abu Dhabi in partnership with ADA to establish an initial ...
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27 March
DCD-Abu Dhabi launches Volunteer in 60 Seconds initiative
ABU DHABI/AD MEDIA OFFICE The Department of Community Development (DCD) – Abu Dhabi, has launched the Volunteer in 60 Seconds initiative in collaboration with the Volunteers.ae platform. This initiative is designed to enhance the efficiency of the volunteer journey in Abu Dhabi, encourage individuals to engage in volunteer work, and foster a culture of volunteerism. The initiative significantly reduces the ...
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