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ABU DHABI / WAM Al Yah Satellite Communications Company (Yahsat) announced on Tuesday its consolidated financial results for the nine months ended on September 30. Revenue and Normalised Ebitda grew 3% for the first nine months of the year versus the prior year to reach AED1.2 billion [$323 million] and AED713 million [$194 million], respectively. Net Income more than doubled ...

ABU DHABI / WAM The Global Aerospace Logistics – Advanced Military Maintenance, Repair, and Overhaul Centre (GAL AMMROC) has signed a memorandum of understanding with UCS, a Thai company, to enhance opportunities for mutual cooperation in providing integrated services, logistics, and innovative solutions that contribute to the development of capabilities, investment opportunities, and sustainable growth. The memorandum of understanding (MoU) ...

ABU DHABI / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, has met with Cardinal Pietro Parolin, Vatican Secretary of State, on the sidelines of the Global Faith Summit on Climate Action. During the meeting, the two sides discussed bilateral relations and the two nations’ efforts to promote values of tolerance, coexistence and human fraternity. They ...

ABU DHABI / WAM A recent report revealed that 29 initial public offerings (IPOs) were recorded in the Middle East and North Africa (Mena) region during the first nine months of this year, with total proceeds of $5.8 billion. The report, issued today by Ernst Young (EY) on IPO activity in the region, stated that all IPOs executed in the ...

ABU DHABI/ WAM The United Arab Emirates and Bosnia and Herzegovina have taken a significant step towards strengthening bilateral relations with the signing of a memorandum of understanding (MoU) on visa exemption. The MoU, signed on November 6, aims to facilitate and promote travel, trade, and people-to-people exchanges between the two nations. Under the MoU, UAE and Bosnia and Herzegovina ...

DUBAI/ WAM The first Emirates flights operating with sustainable aviation fuel (SAF) provided by Shell Aviation have taken off from Dubai International Airport (DXB). Emirates’ flight EK 412 bound for Sydney on October 24 was among the first to operate with SAF. Shell has supplied 315,000 gallons of blended SAF for use at the airline’s hub in Dubai. This first-ever ...

ABU DHABI/ WAM The UAE’s EDGE Group has announced the acquisition of a 52% majority shareholding in ANAVIA, a Switzerland-based company that specialises in the design, development, and manufacturing of versatile vertical take-off and landing (VTOL) systems of up to 750 kilogrammes, and their associated capabilities. The move will see EDGE become a market leader in this highly-specialised domain. ANAVIA ...

ABU DHABI/ WAM On behalf of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, today opened the first ordinary session of the 18th legislative chapter of the Federal National Council (FNC), in the presence of His Highness Sheikh Mansour ...

ABU DHABI/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan today received a phone call from Kamala Harris, Vice President of the United States, to discuss concerted efforts to enhance the urgent humanitarian response in the Gaza Strip and bolster the provision of humanitarian assistance to civilians impacted by escalating military activity. His Highness and the US Vice ...

ABU DHABI/ WAM Following the orders of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, a comprehensive Emirati field hospital is to be established in the Gaza Strip to deliver essential medical support to Palestinians. The initiative is part of the ‘Gallant Knight 3’ humanitarian operation, which His Highness ordered to be implemented yesterday. Today, five aircraft departed from ...