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DUBAI / WAM The Dubai-based airline, flydubai, on Wednesday announced its commitment to a $27 billion order for 225 Boeing 737 MAX aircraft, to support the growth of its fleet. This is the third order placed by the airline with Boeing in its eight-year history, following those in 2008 and 2013. The new aircraft order will support its continued expansion ...

Bloomberg OPEC and allied oil producers should extend their production cuts beyond March to help re-balance the market, the United Arab Emirates said, adding weight to a gathering consensus for longer reductions in output among participants in the global accord. The UAE favours maintaining the cuts, which are set to expire at the end of the first quarter, Minister of ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (ADNOC) announced plans to launch Umm Lulu Crude Oil, a new crude blend produced from its Umm Lulu and SARB fields, operated by ADNOC Offshore. Umm Lulu Crude Oil, which has an expected API density of around 39 degrees and sulphur content of around 0.7 percent weight percent, is a ...

DUBAI / Emirates Business Union Insurance Company, a leading provider of innovative customer-focussed insurance solut- ions to individuals and corporations in the region, has reported a net profit of as much as AED6.3 million for the first nine months ended on September 30 compared to a net loss of AED12.8 million for the same period last year. Gross insurance premium ...

ABU DHABI / WAM The total value of customs fees transferred by the UAE to other GCC countries on goods entering through the UAE’s customs ports has reached AED2.6 billion. This amount was transferred during the first two years, through a direct automatic transfer system for customs fees between GCC countries, from end of October 2015 to the end of ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Wednesday received Dr Tedros Adhanom Ghebreyesus, Director-General of the World Health Organisation (WHO). His Highness Sheikh Mohamed bin Zayed and the WHO official discussed cooperation between the UAE and the organisation as part ...

Abu Dhabi / Emirates Business Abu Dhabi Ports, the master developer, operator and manager of commercial and community ports within the emirate of Abu Dhabi, as well as Fujairah Terminals and Khalifa Industrial Zone Abu Dhabi (KIZAD), signed a Memorandum of Understanding (MoU) with the Food Security Centre – Abu Dhabi, to enhance the development of the food industry on ...

Dubai / Emirates Business NCR Corporation, a global leader in omni-channel solutions announced on Wednesday, that Mashreq Bank, one of the leading financial institutions (FIs) in the UAE, has added the innovative NCR SelfServ 82 ATM, which is part of the NCR SelfServ 80 Series family that helps financial institutions redefine the banking experience and change the way consumers interact ...

Dubai / Emirates Business Emirates and Thales have signed a new agreement to equip its Boeing 777X fleet with the next generation broadband inflight connectivity using Inmarsat GX global network. The partnership will give Emirates customers best in class connectivity on its Boeing 777X aircraft due for delivery starting in 2020. Emirates and Thales already have an existing multi-million dollar ...

DUBAI / Emirates Business Al Habtoor Motors, Mitsubishi’s official distributor in the UAE unveiled Mitsubishi Eclipse Cross – the much awaited compact crossover during this year’s Dubai Motor Show which runs until November 18. The highly-anticipated biennial motoring event in the Middle East featured more than 150 automotive manufacturers from around the world. The five day event was attended by ...