May, 2019

• 28 May

  Mubadala revamps MRO unit as ‘Sanad Aerotech’

  

  ABU DHABI / WAM Mubadala Aerospace’s Turbine Services and Solutions, a maintenance repair and overhaul (MRO) provider for aircraft engines, gas turbines and driven equipment, has unveiled a new identity for its MRO business, which will now be known as Sanad Aerotech. The new brand positioning reflects the focus of Mubadala Aerospace on engineering excellence, underpinned by industry-leading reliability, innovation ...

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• 28 May

  Careem enters micro-mobility space with Cyacle acquisition

  Dubai / Emirates Business Careem has entered the micro-mobility space with the acquisition of UAE-based bikeshare service company Cyacle. Cyacle stations run 24-hours a day via an app, a touch screen kiosk and docking system that releases bikes using a ride code or a member key. Careem’s CXO and co-founder Magnus Olsson said, “This deal means Careem will be able ...

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• 28 May

  Ministry, Novartis ink deal to boost strategic drug stockpile

  

  DUBAI / WAM The Ministry of Health and Prevention (MoHAP) signed an agreement with Novartis Middle East on the provision and recycling of the strategic drug stockpile in severe and emergency situations. The agreement includes 31 life-saving and emergency dr-ugs. The one-year-agreement aims at strengthening pharmaceutical security and appropriate response to emer- gency cases, with formation of a joint committee ...

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• 28 May

  Brent oil steadies after rally as Trump not ready for trade deal

  

  Bloomberg Brent crude traded around $70 a barrel as a two-day rebound eased on signs the US and China are still far from reaching a trade deal, but prices remained supported by supply risks in the Middle East. Futures in London held steady after rallying 3.5 percent. President Donald Trump said on a state visit to Japan that the US ...

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• 28 May

  DLD, Mashreq ink deal on e-mortgage system

  

  Dubai / Emirates Business Dubai Land Department (DLD) signed a license agreement with Mashreq Bank, one of the first banks operating in the UAE, for the use of the e-mortgage system. The agreement was signed by HE Sultan Butti bin Mejren, Director General of DLD, and Arshad Khan, representing Mashreq Bank. Bin Mejren said: “The development and launch of the ...

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• 28 May

  Etihad Holidays launches Eid packages for travellers

  

  Abu Dhabi / Emirates Business Etihad Holidays is giving travellers the chance to create unforgettable memories this Eid with a selection of holiday packages starting from AED 1,519 per person. Take advantage of Etihad Holidays’ Eid travel sale and choose from relaxing staycations or quick getaways across Asia, Europe and the US. Etihad Holidays’ has re-launched its booking system, allowing ...

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• 28 May

  UAE to chair Global Forum for Migration and Development

  

  GENEVA / WAM The UAE was selected as the 2020 Chair of the Global Forum for Migration and Development (GFMD), at a meeting held at the United Nations in Geneva. The UAE will be the first Gulf country to chair the prestigious global summit. The role will add to the significant international focus on the UAE throughout the course of ...

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• 28 May

  Al Masaood expands Renault presence further in Abu Dhabi

  

  ABU DHABI / Emirates Business Al Masaood Automobiles, authorised distributor of Renault in Abu Dhabi and Al Ain and a leading player in Abu Dhabi’s automotive sector, has opened the latest Renault concept store (R-store) and service centre. Located at the embassies area off the Airport Road, the R-store is the first of its kind in Abu Dhabi and will ...

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• 28 May

  ‘Bustani’ an incubator of smart solutions for sustainable farming at Masdar City

  

  Abu Dhabi / WAM The UAE is establishing a sustainable farming sector, where modern technologies are key to its plans to achieve food security for the entire population. The Smart Home Farming Exhibition, Bustani, which was held this year in the Sustainable Villa in Masdar City, is one of the country’s initiatives that aim to transform the standard consumer into ...

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• 28 May

  UAE president receives invitation to attend GCC summit in Makkah

  Abu Dhabi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, received a written message from the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud inviting him to the emergency GCC summit in Makkah on May 30. The invitation was received by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu ...

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