February, 2017

• 20 February

  DRS Technologies to provide US Navy tactical data

    Abu Dhabi / WAM DRS Technologies Inc. was awarded an Indefinite Delivery, Indefinite Quality contract, IDIQ, worth up to US$22 million by the US Navy for updated communications systems that allow ship commanders to securely share real-time tactical data. The initial five-year contract for the Link-11/Link-22 tactical data system is worth $9.3 million, with a second five-year option that could ...

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• 20 February

  EDIC unveils world-class ammunition products, services at IDEX

    Abu Dhabi / WAM Emirates Defense Industries Company (EDIC) an integrated national defence services and manufacturing platform, announced the establishment of Barij Munitions, specialising in providing world-class ammunition products and services. The company will be a manufacturer of all kinds of ammunition, including small arm, infantry, artillery and air-craft munitions. Announcing the formal launch of the company on the second ...

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• 20 February

  RAK Properties achieves AED390mn revenue in 2016

  

    Ras Al Khaimah / Emirates Business RAK Properties PJSC, Ras Al Khaimah’s largest property developer listed on the Abu Dhabi Stock Exchange, revealed continued growth and increased profit margins in 2016 following 12 months of key announcements and operational achievements. The company, which has been leading the residential and commercial development of Ras Al Khaimah while rolling out a ...

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• 20 February

  ADNOC opens Motor World vehicle inspection centre in Al Shamkha

  

    Abu Dhabi / Emirates Business ADNOC Distribution announced on Monday the opening of a Vehicle Inspection Centre (VIC) for light vehicles within the Motor World service station located in the Al Shamkha area in Abu Dhabi. The opening ceremony was attended by Saeed Mubarak Al Rashdi, Acting Chief Executive Officer of ADNOC Distribution, Brigadier Ali Khalfan Al Dhaheri, Director-General ...

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• 20 February

  Etihad Airways Engineering inks pact with Kenya Airways

  

    Abu Dhabi / Emirates Business Etihad Airways Engineering signed an agreement with Kenya Airways to perform mandatory checks on its Boeing 787-8 fleet. This is part of an integration programme for the newest additions to the airline’s fleet. The first of six scheduled Boeing 787 C-checks begins this month, with the last one planned for October 2017. The airline ...

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• 20 February

  ‘Ministry of Science Live’ comes to Sharjah with a big bang!

    Sharjah / Emirates Business The UK’s famous ‘Ministry of Science Live’ is coming to Sharjah with a brand new show and some bizarre new experiments to spread the word that physics is fantastic, chemistry is crazy and that every child has the chance to become a life-changing scientist. Under the theme ‘The world is one classroom’, many elements of ...

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• 20 February

  Nobel Museum highlights life-altering breakthroughs in Physics

  

    Dubai / Emirates Business “Investing in knowledge is essential in our efforts to reach Mars and explore the universe,” asserted His Excellency Jamal bin Huwaireb, CEO of the Mohammed bin Rashid Al Maktoum Knowledge Foundation (MBRF) on the sidelines of the second workshop of the third annual Nobel Museum. MBRF – a member of the Mohammed bin Rashid Al ...

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• 20 February

  Flynn may be gone, but serious questions remain

  

    President Trump confronts complicated problems as the investigation widens into Russia’s attack on our political system. But his responsibilities are simple: A month ago, he swore an oath that he would “faithfully execute” his office and “preserve, protect and defend the Constitution of the United States.” That’s apparently easier said than done. In a rambling press conference Thursday and ...

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• 20 February

  It’s not record oil speculation that’ll drive prices globally

  

    Speculators have piled back into oil since OPEC announced output cuts in November. But don’t be fooled into thinking that means prices are set to soar. As my Bloomberg News colleague Alex Longley pointed out last week, hedge funds and money managers have placed record trades on an oil rally. Net long positions of so-called oil speculators reached an ...

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• 20 February

  Europe needs a higher price on carbon

    Europe’s promise to lower greenhouse-gas emissions looked bright a dozen years ago, when its leaders created the first big market for trading carbon permits. Sadly, though, its system has failed to encourage investment in clean technology and appreciably lower carbon dioxide emissions. Until the European Union trims the number of permits traded enough to drastically raise the cost of ...

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