Al Seer Marine secures $80 million financing from BOCOM Leasing for MR Tankers Betelgeuse, Bellatrix

ABU DHABI/WAM Al Seer Marine, a frontrunner in the maritime industry and a subsidiary of International Holding Company (IHC), announced that it has secured US$80 million in financing from BOCOM Financial Leasing Co., Ltd (BOCOM Leasing), a subsidiary of the Bank of Communications, one of China’s largest commercial banks, for its newly delivered MR tankers, Betelgeuse and Bellatrix. This transaction ...

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Abu Dhabi Arabic Language Centre reveals shortlists for 2nd edition of Sard Al Thahab Award

ABU DHABI/WAM The Abu Dhabi Arabic Language Centre (ALC) has unveiled the shortlists for the second edition of the Sard Al Thahab Award. A total of 15 works from eight countries have been selected to compete across four categories: ‘Short Story for Published Stories’, ‘Popular Narratives’, ‘Short Story for Unpublished Stories’, and ‘Illustrated Story’. In addition to these, the centre ...

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SRTIP Board targets ambitious growth through strategic collaboration in key areas of industry, academia, technology

SHARJAH/WAM SRTIP board meeting chaired by Sheikha Bodour Al Qasimi, Sharjah Research Technology and Innovation Park (SRTIP), has given a detailed update on the status of the Park, laying out its plans for the next phase of strategic development for the region’s most dynamic R&D and innovation hub. Bringing the meeting to order, Sheikha Bodour shared her appreciation with the ...

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Maktoum bin Mohammed arrives in Brussels to participate in inaugural GCC-European Union Summit

BRUSSELS/WAM His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, arrived in the Belgian capital, Brussels today to participate in the first GCC-European Union Summit. Leading a UAE delegation, His Highness was welcomed upon his arrival by Jassim Mohammed Al Budaiwi, Secretary-General of the Gulf Cooperation Council ...

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CNTXT leverages AWS cloud to empower Abu Dhabi government, UAE start-ups at GITEX Global 2024

DUBAI/WAM CNTXT, a leading data services and solutions company, supported by Amazon Web Services (AWS), an Amazon.com company, announced several initiatives to empower Abu Dhabi government as well as UAE startups. CNTXT aims at developing a unified platform powered by AWS to streamline licensing, permitting, inspection, audit, and litigation processes for the Abu Dhabi government, with the potential to expand ...

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ECI, MIGA sign agreement to boost cooperation in FDI activities

ABU DHABI/WAM Etihad Credit Insurance (ECI), the UAE Federal export credit company, and the Multilateral Investment Guarantee Agency (MIGA), an institution of the World Bank Group, signed an agreement to expand cooperation and coordination between both parties in driving foreign direct investments (FDI), along with co-insurance and reinsurance activities. The signing happened on the sidelines of the Berne Union Annual ...

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Masdar, Iberdrola complete wind turbine installation at Baltic Eagle offshore wind farm

BERLIN/WAM Turbine installation has been successfully completed at the 476 MW Baltic Eagle offshore wind farm, a joint venture between Abu Dhabi Future Energy Company – Masdar, and Iberdrola, a world leading clean energy company. When fully operational, Baltic Eagle will supply around 475,000 households with renewable energy while reducing carbon dioxide emissions by about 800,000 tons per year. Dr. ...

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