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DAE signs deal to sell 18 aircraft

Media In Dubai – 17 December 2018 DAE has signed a final sale agreement to sell a portfolio of 18 medium-sized aircraft to institutional investors. The 18 aircraft in the portfolio are leased to 15 airlines in 13 countries and have a life expectancy of about 9 years with an …

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UAE and China sign the approved operator’s business plan

Media In – Abu Dhabi – December 17, 2018 The United Arab Emirates and the People’s Republic of China have signed a plan of action for mutual recognition of the approved economic operator program, with the aim of enhancing trade exchange and customs cooperation between the two countries through the …

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ADNOC Distribution opens its first station in Dubai

Media In – Abu Dhabi – 17 December 2018 ADNOC Distribution has announced the opening of its first petrol distribution facility in Dubai, located in the Dubai Investment Park area. Saeed Al Rashidi, Acting CEO of ADNOC Distribution, the UAE’s largest fuel and retail company, said the launch of ADNOC …

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Emirates Steel completes Murabaha deal worth $ 400 million

Media In Abu Dhabi – 16 December 2018  / Emirates Steel Company announced the completion of a $ 400 million murabaha transaction under which it will receive a refinancing loan that will give it more financial flexibility and help streamline its debt structure as well as support existing growth plans. …

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5 factors that promote the UAE’s leadership in the digital economy

The United Arab Emirates (UAE) has achieved great achievements in the transformation of the digital economy over the past five years, which contributed to enhancing the competitiveness of the national economy, according to indicators issued by international institutions, foremost of which is the World Economic Forum, E – commerce during …

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