UAE

Media IN DUBAI, 27th June 2019 (WAM) The  British minister told the Emirates News Agency, WAM, on Thursday, that the UK will explore the possibility of free trade agreements, FTA, with individual countries in the Gulf Cooperation Council after leaving the European Union, Liam Fox, the UK Secretary of State …

Media IN DUBAI -27th-06-2019 Dubai Aerospace Enterprise, DAE, announced Thursday that it has signed a new long-term unsecured revolving credit facility with First Abu Dhabi Bank PJSC and HSBC Bank Middle East Limited as bookrunners and mandated lead arrangers. Following an oversubscription in syndication the Facility was closed at an …

Media IN ABU DHABI, 27th June, 2019 (WAM) Abu Dhabi National Oil Company completed its $4bn deal with BlackRock and KKR who will in exchange have a 40 per cent stake in its pipeline infrastructure. Adnoc said in a statement on Thursday that the infrastructure funds financed by a syndicate …

Media IN DUBAI, 27th June, 2019 (WAM) According to a press statement, Dubai Aerospace Enterprise, DAE, had repurchased the circa 4% of its common shares owned by Emaar Properties PJSC and now owns 100 percent shares. DAE is wholly owned by the Investment Corporation of Dubai, ICD, the principal investment …

Media IN DUBAI, 27th June, 2019 (WAM) Sultan bin Saeed Al Mansouri, Minister of Economy, and Patrizio Fondi, Ambassador of the European Union, EU, to the UAE, discussed the development cooperation between the UAE and the EU, focussing on their development, economic, commercial and investment partnerships. Their discussion took place …

Media IN ABU DHABI, 27th June, 2019 (WAM) The total banks’ reserves at Central Bank of the United Arab Emirates amounted to AED298 billion by the end of May, a growth of AED5 billion during the past five months. A bank reserve is the currency deposit that is not lent …

Media IN Abu Dhabi: 27th-06-2019 Adnoc’s “Umm Al Lulu”, one of the largest offshore gas processing platforms in the world, was inaugurated on Wednesday by Shaikh Hazza Bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi Executive Council. The new platform was built in the UAE for Adnoc by the …

Media IN ABU DHABI – 27th-06-2019 Abu Dhabi’s comprehensive energy strategy was presented to an audience of global leaders with the participation of the Abu Dhabi Department of Energy (DoE) at the fourth annual International Energy Agency (IEA) Global Conference on Energy Efficiency, which took place last June 24-25 in …

Media IN ABU DHABI —27th-06-2019 High global demand for airline pilots, and the growing popularity of Airbus A320 and Boeing 787 aircraft, have jointly sparked major growth in the pilot training division of Abu Dhabi’s Etihad Airways. Hitherto, Etihad has won contracts to train pilots for more than 40 clients, …

Media IN  Abu Dhabi 26th-06-2019 The Central Bank of the UAE, in consultation with the International Fund, has improved its reporting standards on non-performing loans in the UAE banking system in line with international best practices. According to the new reporting standard to be implemented from the third quarter of …