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  Abu Dhabi / WAM Aldar Properties (Aldar) and Mubadala Investment Company (Mubadala), an Abu Dhabi sovereign investor, have partnered to acquire Al Maryah Tower, a prime Grade A commercial office property located on Al Maryah Island, Abu Dhabi’s premium lifestyle destination and international financial centre. The transaction reflects Mubadala’s collaborative approach to driving the growth of Abu Dhabi’s real ...

  Abu Dhabi / WAM GPRC Summit 2023 will host discussions on Governance, Risk and Compliance (GRC), integrated with performance and strategy. GPRC Summit 2023, organised by Ejtemaat Events and hosted by Corporater – a global software company that enables organisations worldwide to manage their business with integrated GPRC (Governance, Performance, Risk and Compliance) solutions – will bring together GRC ...

  Abu Dhabi / WAM Adnoc Drilling Company PJSC (Adnoc Drilling) on Wednesday announced that it has signed an agreement to acquire an additional two premium high-specification Gusto MSC CJ46-X100-D design offshore jack-up drilling units. The rigs have a combined cost of $200 million. The acquisition is part of the company’s fleet expansion and growth strategy that is a key ...

    Dubai / WAM The Dubai Foundation for Women and Children (DFWAC) has launched “mobile rehabilitation services” initiative to offer mobile services through home, school, and business visits by the care and rehabilitation department, to ease customer access to the foundation’s services. The initiative will help women and children who have fallen victims to domestic abuse or human trafficking, ...

Dubai / WAM A new AI-powered mobile application for detecting crop disorders was unveiled by Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, during a ceremony at the headquarters of the International Center for Biosaline Agriculture (ICBA). Called Dr Nabat, the application is a result of collaboration between ICBA and the University of Barcelona, Spain, under a ...

  Sharjah / WAM Ambassador of Pakistan in the UAE Faisal Niaz Tirmizi has highlighted friendly economic policies, investment opportunities and ease of doing business in Pakistan. This came during his meeting with Abdullah Sultan Al Owais, Chairman of Sharjah Chamber of Commerce and Industry and Expo Center Sharjah. Ambassador Tirmizi invited the chamber’s investment in hospitality and tourism sectors ...

  Dubai / WAM In line with Dubai’s drive to become the world’s smart mobility hub, Dubai South on Wednesday signed a memorandum of understanding (MoU) with Evocargo for the launch of the UAE’s first autonomous vehicle trials for cargo at the master development’s Logistics District. The trials will see EVO.1, Evocargo’s unmanned electric logistics vehicle, navigate Dubai South’s Logistics ...

Bloomberg United Airlines Holdings Inc agreed to buy 100 Boeing Co 787 Dreamliners as part of a multibillion-dollar order for as many as 300 new aircraft, revamping the carrier’s fleet with one of the largest plane deals in recent years. The pact includes 100 firm orders for the widebody model along with options to add another 100, the companies said ...

  Bloomberg Hong Kong’s High Court approved Hong Kong Airlines Ltd’s HK$49 billion ($6.3 billion) debt restructuring plan, boosting the carrier’s chance of survival after years of financial turmoil. At a hearing, Justice Jonathan Harris said the court was sanctioning a so-called scheme of arrangements for Hong Kong Airlines. Counsel for the carrier, which is backed by bankrupt Chinese conglomerate ...

  Bloomberg TUI AG agreed on a plan to repay a chunk of its bailout package from the German government, the latest sign of the travel sector’s recovery from the coronavirus pandemic. The pickup in travel means the company can repay most of the remaining aid by the end of 2023, TUI said in a statement. The repayments will be ...