February, 2019

• 20 February

  Flybe gets counter-bid from American Air-backed Mesa

  

  Bloomberg Flybe Group Plc said American Airlines-backed Mesa Air Group Inc. has launched a counter-bid for its business, leading the stock to more than double in price. The approach from Phoenix, Arizona-based Mesa and New York private-equity firm Bateleur Capital LLC is “preliminary and highly conditional,” Exeter, England-based short-haul carrier Flybe said in a statement on Wednesday, without revealing how ...

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• 19 February

  AED4.8bn defence deals inked at Idex

  

  ABU DHABI / WAM The UAE Armed Forces has awarded 28 deals worth AED 4,878,756,832 on the third-day of the International Defence Exhibition (Idex), and the Naval Defence and Maritime Security Exhibition (Navdex). The total value of deals awarded so far to national and international companies has reached AED16.869 billion. Speaking at a press conference, General Mohammed Al Hassani, Official ...

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• 19 February

  Pact signed to advance UAE naval capabilities

  

  Abu DHABI / WAM Abu Dhabi Ship Building and Leonardo signed an MoU to enhance their collaboration in the naval sector. Building on years of positive partnership for development of UAE naval capabil- ities, under the MoU, which was signed at Idex, the two parties will jointly work to create a combat management system (CMS), integration laboratory capable of testing, ...

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• 19 February

  UAE Central Bank: M1 hits AED486bn

  ABU DHABI / WAM The UAE Central Bank has announced that money supply aggregate M1 increased by 0.1 percent, from AED485.6 billion at end of December 2018 to AED486 billion at end of January 2019. The money supply aggregate M2 decreased by 0.2 percent, from AED1308.4 billion to AED1305.5 billion.

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• 19 February

  LuLu unveils ‘Taste of Egypt’ food festival across UAE

  

  ABU DHABI / Emirates Business LuLu, the largest hypermarket chain in the Middle East, launched the annual Egyptian-themed food festival “Taste of Egypt” across its stores in the UAE. The week-long fest features various offers on different product categories until February 25. In partnership with EgyptAir, LuLu will be giving away 10 tickets to Cairo in a raffle promo, where ...

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• 19 February

  Nasdaq Dubai, Menacorp announce collaboration

  

  DUBAI / WAM Nasdaq Dubai and Menacorp will collaborate to raise investor awareness across the Middle East and North Africa (Mena), of the expanding capital markets opportunities in the UAE and the region. The campaign will include joint roadshows conducted by Nasdaq Dubai and Menacorp in GCC and other Mena countries as well as digital outreach to a wide range ...

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• 19 February

  PO Box holders urged to renew by February 28

  

  DUBAI / WAM Emirates Post has issued a reminder to its customers to renew their P.O. Box subscriptions before February 28, to avoid late renewal fees and penalties. Customers can simply renew subscriptions via several convenient ways including the Emirates Post website, Emirates Post mobile services app or at Emirates Post Customer Happiness Centres. Last December, the postal and express ...

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• 19 February

  EDCC inks pacts with European councils

  ABU DHABI / WAM The Emirates Defense Companies Council (EDCC), an initiative of Tawazun Economic Council (Tawazun), signs three new agreements with global councils and organisations during Idex 2019. The agreements aim to develop the defence and security sectors in various countries involved and states that each of these parties will support one another and commit to knowledge transfer; offering ...

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• 19 February

  Mohamed meets delegations, defence ministers at Idex

  

  Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, met a number of delegations and defence ministers who are visiting the country to participate in Idex 2019 being organised at Adnec. His Highness Sheikh Mohamed bin Zayed met, separately, with Ibrahim Kasuri Fofana, ...

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• 19 February

  Tawazun unit, Halcon sign AED193 million funding deal

  

  ABU DHABI / WAM The Defense and Security Development Fund of Tawazun Economic Council signed a funding agreement reaching the potential total of AED 193 million with Halcon Systems LLC, a company owned by the Abu Dhabi-based Yas Holding Group. The agreement was signed during Idex 2019 by Abdulla Al Huwar, Strategic Technology Investments Director at Defense and Security Development ...

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