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ABU DHABI/WAM Etihad Credit Insurance (ECI), the UAE Federal export credit company, and the Multilateral Investment Guarantee Agency (MIGA), an institution of the World Bank Group, signed an agreement to expand cooperation and coordination between both parties in driving foreign direct investments (FDI), along with co-insurance and reinsurance activities. The signing happened on the sidelines of the Berne Union Annual ...

BERLIN/WAM Turbine installation has been successfully completed at the 476 MW Baltic Eagle offshore wind farm, a joint venture between Abu Dhabi Future Energy Company – Masdar, and Iberdrola, a world leading clean energy company. When fully operational, Baltic Eagle will supply around 475,000 households with renewable energy while reducing carbon dioxide emissions by about 800,000 tons per year. Dr. ...

ABU DHABI/AD MEDIA OFFICE His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has attended a wedding reception hosted by His Excellency Mohamed Salem Al Tajer Al Dhaheri for the marriage of his son Abdullah to the daughter of Faisal Juma Suhail Al Kaabi. His Highness congratulated the newlyweds and their families and wished ...

DUBAI / WAM Nakheel, part of Dubai Holding Real Estate, has awarded three major contracts valued at over AED 5 billion for the construction of ultra-luxury villas on the first six fronds of Palm Jebel Ali, with completion expected by late 2026. The contracts, awarded to Ginco General Contracting, Shapoorji Pallonji Mideast and United Engineering Construction Company (UNEC), mark a ...

SHARJAH / WAM HH Sheikh Dr Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, officially opened the new headquarters of the Poetry House in the Heart of Sharjah area on Wednesday. During the opening ceremony, the Sharjah Ruler revealed the memorial plaque and delivered a speech, acknowledging the presence of poets, writers, and media professionals. He ...

ABU DHABI / WAM ADNH Catering has completed the bookbuild and public subscription process for its initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX). ADNH Catering confirmed that the final offer price for its ordinary shares has been set at Dh0.96 per Share, pricing at the top of the previously announced offer price range. In a press ...

DUBAI / WAM The Abu Dhabi Accountability Authority (ADAA) signed a commercial partnership agreement with SAP during GITEX Global 2024 to adopt the RISE with SAP platform to enhance efficiency of the authority’s digital infrastructure. The partnership marks a significant milestone in ADAA’s digital transformation journey as RISE with SAP platform provides integrated capabilities for managing human and financial resources, ...

DUBAI / WAM The “UAE Aviation Safety Conference 2024” concluded in Dubai, organised by the General Civil Aviation Authority (GCAA) under the theme “Safety: The Constant in a Changing Industry.” The two-day conference featured 24 expert speakers from various sectors of aviation safety, including government agencies, airlines, and related academic and research institutions. As part of the UAE State Safety ...

ABU DHABI / AD MEDIA OFFICE Etihad Airways and the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) are celebrating the growth of their Abu Dhabi Stopover programme. The relaunch of the initiative has exceeded expectations, significantly boosting Abu Dhabi’s tourism sector. The Abu Dhabi Stopover programme, exclusive to Etihad Airways, has seen remarkable growth since its ...

ABU DHABI/WAM Adnoc on Tuesday announced the completion of its acquisition of OCI Global’s 50 percent + 1 shareholding in Fertiglobe plc, increasing its share in the company to 86.2 percent, with 13.8 percent remaining in free float on the Abu Dhabi Securities Exchange (ADX). Fertiglobe is the world’s largest seaborne exporter of urea and ammonia combined, exporting to 53 ...