February, 2019

• 25 February

  FAB shareholders approve record AED8.06bn dividends

  

  ABU DHABI / WAM The shareholders of the First Abu Dhabi Bank (FAB) approved the distribution of 74 percent cash dividends (AED 0.74 per share) for the financial year ended on December 31, 2018 for registered, entitled shareholders, during the general assembly meeting (GAM). Commenting on FAB’s performance, Abdul Hamid Saeed, Group CEO of FAB, said, “Consistent with our commitment ...

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• 25 February

  Trump extends China trade truce

  

  Bloomberg President Donald Trump said he’ll extend a deadline to raise tariffs on Chinese goods beyond this week, citing “substantial progress” in the latest round of talks that wrapped up in Washington. “The US has made substantial progress in our trade talks with China on important structural issues including intellectual property protection, technology transfer, agriculture, services, currency, and many other ...

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• 25 February

  DAE profit before tax soars 135%

  DUBAI / WAM Dubai Aerospace Enterprise (DAE) Ltd reported its financial results for full-year 2018. The total revenue reached $1,436.6 million, marking a rise of 70% from 2017. The profit before tax amounted to $428.8 million, up 135% from the previous year. Firoz Tarapore, CEO of DAE, said: “DAE continued to build on its unique strengths and platform capabilities, a ...

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• 25 February

  Emirati astronauts undergo winter survival training

  

  Dubai / WAM Emirati astronauts Hazzaa Al Mansoori and Sultan Al Neyadi have undergone a three-day winter survival training organised by the Yuri Gagarin Cosmonaut Training Centre in Zvezdini in the Russian capital Moscow. The training, which aims to prepare the astronauts to survive harsh winter conditions, is part of the ongoing preparations to send the first Emirati astronaut to ...

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• 25 February

  Mohamed bin Zayed writes to Grand Imam of Al Azhar

  CAIRO / WAM Dr. Ahmed el-Tayeb, Grand Imam of Al Azhar, has received a message from His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, thanking him for his recent visit to the UAE, during which, he met His Holiness Pope Francis, head of the Catholic Church, ...

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• 25 February

  UAE’s first astronaut going to space on September 25

  

  Dubai / WAM The Mohammed bin Rashid Space Centre (MBRSC), announced that September 25, will be the launch date of the first Emirati Arab astronaut’s trip to the International Space Station (ISS). The announcement came during a press conference held by MBRSC that featured Yousuf Hamad Al Shaibani, Director-General of MBRSC; and Salem Al Marri, Assistant Director-General for Scientific and ...

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• 25 February

  Mohamed sends letter of thanks to Pope Francis

  

  VATICAN / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, sent a message to His Holiness Pope Francis, Head of the Catholic Church, thanking him for the historic visit to the UAE from February 3-5, and his participation along with Dr Ahmad el-Tayeb, Grand Imam ...

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• 25 February

  Sheraa, Endeavor sign pact to boost entrepreneurship in UAE

  

  Sharjah / Emirates Business Keeping with their commitment to support entrepreneurs and build key networks across the region, the Sharjah Entrepreneurship Center (Sheraa) and Endeavor, a global non-profit pioneering in high-impact entrepreneurship movement, have signed a Memorandum of Understanding (MoU), to ensure alignment and closer collaboration of both parties. The MoU was signed by Najla Al-Midfa, CEO of Sheraa, and ...

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• 25 February

  Etisalat partners with Huawei for 5G launch

  

  Barcelona / Emirates Business Etisalat and Huawei, a leading global provider of ICT infrastructure and smart devices—on Monday announced during Mobile World Congress a strategic partnership to deploy end-to-end 5G network in UAE in 2019. This partnership is in line with Etisalat’s continuous efforts to enhance its digital experience and provide innovative solutions and services to its customers with the ...

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• 25 February

  EMIC contributes AED10 million to Sandooq Al Watan

  ABU DHABI / WAM Sandooq Al Watan received a contribution of AED10 million from Emirates Investment Corporation (EMIC), in support of its efforts to drive sustainable development across all strategic sectors. The contribution will be added to Sandooq Al Watan Fund which is earmarked for projects to develop talents and capacities, and galvanise progress, and building a bright future for ...

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