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Abu Dhabi / WAM Sanad, a wholly-owned subsidiary of Mubadala Investment Company (Mubadala) announced today a new AED1 billion deal with Pratt & Whitney and International Aero Engines (IAE). The new agreement will see Sanad Aerotech providing IAE with expanded maintenance, repair and overhaul (MRO) services for its V2500 engines, which powers the Airbus A320 family of aircraft. The announcement ...

Abu Dhabi / WAM The UAE’s MeznSat, a national project in partnership between UAE Space Agency, American University of Ras Al Khaimah (Aurak), and Khalifa University (KU) lifted off aboard a Soyuz-2b rocket from the Plesetsk Cosmodrome in Russia. MeznSat aims to enrich scientific research and organise space-related activities while studying the greenhouse gas and red tide phenomenon in the ...

Bloomberg Oil has wavered on growing doubts over demand prospects with more potential lockdown measures on the way to combat the virus. The market was earlier buoyed by the dollar’s biggest slide in almost four weeks, which made commodities priced in greenback more attractive, as well as a bounceback in equities. Futures in London as much as 1.2% before paring ...

Dubai / WAM The Beit Al Khair Society spent over AED6 million on the treatment of patients at the end of September 2020, as part of the “Elaj Project.” The project is one of the society’s key community initiatives that aim to help low income people without medical insurance, benefitting 446 individuals. Abdeen Taher Al Awadhi, Director-General of the Society, ...

DUBAI / WAM Jebel Ali Free Zone (Jafza) entered into a strategic agreement with Etihad Export Credit Insurance Company (ECI) to support local businesses, advance exports, and drive the UAE economy during the current economic climate. The Memorandum of Understanding (MoU) was signed virtually by Mohammed Al Muallem, CEO and Managing Director of DP World, UAE Region and CEO of ...

ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) said it carried out over 76,888 additional Covid-19 tests in the country over the last 24 hours, using the latest testing methods. The ministry said in a statement that the intense testing drive uncovered 626 new cases of various nationalities, who are all in a stable condition and receiving ...

NEW DELHI / WAM India’s Ministry of Civil Aviation on Monday announced a packed schedule of 270 repatriation flights out of the UAE commencing October 1 to bring back its citizens who wish to return home to face disruptions caused by the coronavirus pandemic. The ministry said its new schedule, which will run until October 25, constitutes the seventh phase ...

Dubai / WAM Dubai South announced that EZDubai, its fully dedicated e-commerce zone strategically located in the heart of Dubai South’s Logistics District is now 20 percent operational as part of its first phase where 27 percent is under development. The free zone which was launched in January 2019 by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President ...

ABU DHABI / WAM Etihad Cargo, the cargo and logistics arm of Etihad Aviation Group, has reinforced its pharmaceutical logistics expertise with the launch of PharmaLife, a specialised pharma and healthcare product which replaces the carrier’s TempCheck product. As the first carrier in the Middle East to gain International Air Transport Association’s Centre of Excellence for Independent Validators (CEIV) certification ...

Dubai / WAM Dubai’s Roads and Transport Authority (RTA) unveiled an initiative for exempting electric vehicles licenced in Dubai from public parking fees for two years. The step supports Dubai’s Green Mobility Strategy by encouraging the use of this type of vehicles. “This initiative complements a previous initiative launched in 2018 designating parking slots in various parts of Dubai to ...