ABU DHABI / WAM Emirates Steel Arkan (ESA) has signed a five-year iron-ore pellets (IOP) supply contract with Bahrain Steel Company (BSC). The contract, valued at approximately $2 billion, was formalised at the Industrial Partnership for Sustainable Economic Growth initiative, held recently in Bahrain. Rooted in a 16x growth since 2009, ESA’s partnership with BSC extends with this new contract, ...
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ABU DHABI / WAM Edge, one of the world’s leading advanced technology and defence groups, and Baykar, an international leader in unmanned aerial vehicle (UAV) and artificial intelligence technology, are currently collaborating to integrate Edge smart weapons onto Bayraktar UAVs. The integration programme is part of a Strategic Alliance Agreement between the two groups to collaborate on advanced technology solutions ...
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ABU DHABI / WAM Strata Manufacturing PJSC (Strata), wholly owned by the Mubadala Investment Company, reported an over 40 percent increase in shipments to the global aerospace and advanced industry sectors in 2023 compared to 2022. According to its data, Strata dispatched 773 shipments, comprising 7,880 components, to major aerospace companies such as Boeing, Airbus, Leonardo, and Pilatus. Since its ...
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ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to King Frederik X of Denmark on his accession to the throne. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed Al ...
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ABU DHABI / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, congratulated Abdullah Ali Al-Yahya on his appointment as Minister of Foreign Affairs of the State of Kuwait. During a phone conversation, HH Sheikh Abdullah bin Zayed wished Al-Yahya success in his new mission, and expressed his eagerness to collaborate with the new Kuwaiti foreign minister ...
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ABU DHABI / AD MEDIA OFFICE Under the patronage of His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in the Al Dhafra Region, the Al Dhafra Arabian Horse Championship 2024 will take place from January 18-21, 2024, on Al Mirfa Corniche, Al Dhafra Region. Organised by the Emirates Arabian Horse Society, the Al Dhafra Arabian Horse Championship 2024 ...
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DUBAI/ WAM Following directives by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI) announced it has contributed AED43 million (US $11.7 million) in direct food aid for Gaza, in collaboration with the United Nations World Food Programme (WFP), bringing ...
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DUBAI / WAM The total number of $10 million plus home sales in Dubai grew by 92.4 %to 431 sales during 2023, according to analysis carried out by global property consultancy, Knight Frank. The total value of sales above this price point grew by 91 % last year to $7.6 billion, 28 % of which was achieved in Q4 alone. ...
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ABU DHABI / WAM The Central Bank announced that the Money supply aggregate M1 decreased by 0.2%, from AED799.3 billion at the end of October 2023 to AED797.4 billion at the end of November 2023. This was due to AED4.9 billion fall in Monetary Deposits. Currency in Circulation Outside Banks increased by AED3.0 billion during November 2023. The Money Supply ...
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DAVOS/ WAM Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, emphasised that the rapid growth observed in the global generative artificial intelligence market reflects that AI is the driving force and the engine for the future. He pointed out that the leadership of the UAE has recognised for more than two ...
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