Masonry Layout

MoIAT, Etihad Air unveil new incentives for ICV companies

ABU DHABI / WAM The Ministry of Industry and Advanced Technology (MoIAT) signed a memorandum of understanding (MoU) with Etihad Aviation Group to provide new incentives for companies certified under the National In-Country Value (ICV) Programme. The incentives include discounts on Etihad’s cargo rates and miles on-board flights. The MoU was signed during the second edition of the Make it ...

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UAE leaders wish newly sworn-in Nigerian President

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to the newly sworn-in Nigerian President Bola Ahmed Tinubu. 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 Nahyan, Vice President, ...

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UAE businesses supported at ‘Make it in the Emirates’ forum

ABU DHABI / WAM Khalifa Fund for Enterprise Development will support two UAE businesses participating in the highly anticipated “Make it in the Emirates”, a prominent industrial event that brings together government entities, industrial leaders, financial institutions, SMEs, and investors to explore investment opportunities, boost local content, and enable sustainable manufacturing. Khalifa Fund will actively participate in the forum showcasing ...

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UAE N-sector receives boost with certified professionals

ABU DHABI / WAM The Emirates Nuclear Energy Corporation (Enec) followed the UAE’s leading approach to developing the national talent to ensure the sustainable success of its civil nuclear energy programme. Fast forward to today and not only does the UAE Peaceful Nuclear Energy Programme have hundreds of UAE Nationals with nuclear engineering degrees, but it has now added a ...

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UAE announces priorities for June 2023 UN Security Council Presidency

NEW YORK / WAM The United Arab Emirates announced human fraternity; climate change, peace and security; and cooperation between the United Nations and the League of Arab States as the main priorities of its presidency of the United Nations Security Council during the month of June. As President, the UAE sets the Council’s Programme of Work in agreement with other ...

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UAE leaders congratulate President of Italy on Republic Day

ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Sergio Mattarella of Italy on the occasion of his country’s Republic Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime ...

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Dubai-based flydubai celebrates 14th anniversary of its launch

DUBAI / WAM flydubai, the Dubai-based carrier, on Thursday marks 14 years of operations. On June 1, 2009, the carrier welcomed its first passengers on board its inaugural flight FZ 157 from Dubai to Beirut. Since then, flydubai has been changing the way people travel around the region by enabling them to travel to more places, more often. Commenting on ...

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FAB prices $600mn 5-year green bond

ABU DHABI / WAM First Abu Dhabi Bank (FAB) has successfully issued a 5-year $600 million bond at US Treasury +95bps which resulted in an all-in yield of 4.774%. This issuance marks the first Green bond issued by a Mena Financial Institution in 2023. FAB has set a new industry standard by achieving the tightest-ever spread for a 5-year bullet ...

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Adnoc completes historic IPO of Adnoc L&S on ADX

ABU DHABI / WAM Adnoc on Thursday announced the commencement of trading of Adnoc Logistics and Services plc (Adnoc L&S), a mission-critical global energy maritime and logistics leader, on the Abu Dhabi Securities Exchange (ADX), following the completion of its landmark IPO. The historic Adnoc L&S IPO drew the highest demand globally for any IPO so far in 2023, is ...

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