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DUBAI/WAM Dubai Aerospace Enterprise (DAE) Ltd on Monday announced that it had recently signed an agreement to acquire 10 aircraft for an aggregate consideration of approximately $0.5 billion. The aircraft portfolio is comprised 100 percent of narrow-body, next-generation aircraft on lease to 4 airlines in 4 countries. In addition, DAE has initiated and managed the purchase and sale of equity ...

ABU DHABI/WAM The Anwar Gargash Diplomatic Academy (AGDA), the UAE’s leading diplomatic training centre, in partnership with the Emirates Centre for Strategic Studies and Research (ECSSR), has launched the UAE – Africa Dialogue. This initiative brings together experts, scholars, diplomats, legislators and policymakers to discuss avenues to enhance the relations between Sub-Saharan African countries and the Gulf region, with a ...

WASHINGTON / WAM Abu Dhabi Fund for Development (ADFD) and CAF – Development Bank of Latin America and the Caribbean—have signed a landmark agreement aimed at enhancing collaboration to promote sustainable economic growth and reduce inequalities in Latin America. The agreement establishes a framework for joint initiatives in project co-financing, investment, and information exchange on the sidelines of the annual ...

RAS AL KHAIMAH / WAM Commercial licences in the emirate of Ras Al Khaimah increased by 28.6 percent, and professional and industrial licences by 25 percent each in the first nine months of the year, according to the commercial performance report issued by the emirate’s Department of Economic Development. The report showed a significant growth of 27 percent in commercial ...

ABU DHABI / WAM Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse, and EMSTEEL, the UAE’s largest publicly listed steel and building materials company, have announced the successful completion of a pilot project demonstrating the use of green hydrogen to produce green steel. The Abu Dhabi-based pilot project, the first-of-its-kind in the Middle East and ...

ABU DHABI / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, on Monday welcomed His Excellency Pham Minh Chinh, Prime Minister of the Socialist Republic of Vietnam, who is on an official visit to the UAE. An official reception was held for the visiting Prime Minister upon his ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Monday received Pham Minh Chinh, Prime Minister of Vietnam, at Zabeel Palace in Dubai. The Vietnamese Prime Minister is on an official visit to the UAE. His Highness Sheikh Mohammed bin Rashid welcomed the Vietnamese Prime ...

DUBAI / WAM Digital Dubai, represented by the Dubai Data and Statistics Establishment (DDSE), announced the launch of the Dubai Labor Force Survey 2024. The aim of this survey is to estimate the size of the labour force, identify indicators related to employment and unemployment, and provide up-to-date data and statistics on the demographic, social, and economic aspects of the ...

ABU DHABI / WAM Lulu Retail Holdings PLC on Monday announced the price range for the sale of its shares and the start of the subscription period for its initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX). In a statement, the company said that the subscription period started on Monday and is expected to close on Tuesday, ...

SHARJAH / WAM The Sharjah Airport International Free Zone Authority (SAIF Zone) has concluded its participation in SIAL Paris 2024, held recently in the French capital, Paris, attracting thousands of exhibitors and visitors from around the world. Part of the Sharjah Chamber of Commerce and Industry (SCCI) delegation, SAIF Zone utilised this significant trade event to attract foreign investments and ...