Europe stocks rise, Asia tepid as oil jumps and Bitcoin shines
Following record highs in 2023 for the likes of Paris, Frankfurt and Tokyo, investors are predicting more gains as central...Business
Halliburton, Hamriyah Free Zone in pact
Halliburton has been operating in the UAE for five decades.Business
Middle East’s first waste-to-sustainable aviation fuel plant to come up in Abu Dhabi
Abu Dhabi Waste Management Centre (Tadweer) has signed an agreement with Etihad Airways to facilitate the development of the first...The plant can convert 4 million tons of municipal waste every year into 140 million gallons of fuel.
The plant will help Abu Dhabi to divert 75 percent of municipal waste away from landfills.
Air Lease Corporation signs letter of intent to purchase 111 Airbus aircraft
US company Air Lease Corporation (ALC) has signed a letter of intent to purchase 111 Airbus aircraft, the European plane-maker...The agreement is for 25 A220-300s, 55 A321neos, 20 A321XLRs, four A330neos and seven A350Fs.
Founded in 2010, ALC has ordered a total of 496 Airbus aircraft so far.
EDB and Dubai IE sign pact to offer UAE exporters access to finance
Emirates Development Bank (EDB) has signed a strategic agreement with Dubai Industries & Exports (Dubai IE) to provide innovative financing...The finance will help exporters expand their global value chains, said CEO of EDB.
EDB has also allocated AED30 billion as a direct and indirect financial bundle to finance SMEs, startups, and corporates.
EDGE bags AED11 bn contract to service UAE Air Force
For the first time in the company’s history, the three-year AED11 billion PBL contract will see GAL support the AFAD...For the first time in the company’s history, the three-year AED11 billion PBL contract will see GAL support the AFAD with their operational readiness
The agreement reinforces GAL’s position as one of the Middle East’s leading providers of aviation MRO services and will also streamline AFAD’s processes
MAWANI signs MoU to build cruise terminal at Dammam port
The Saudi Ports Authority (MAWANI) has signed an agreement with Cruise Saudi and Globe Group to build a new cruise...New terminal expected to boost the kingdom's tourism sector along the coastlines.
The agreement with Cruise Saudi and Globe Group elevates Saudi Arabia’s position as a leader in the cruise industry, said President MAWANI.
Tawazun, Airbus to establish new Abu Dhabi subsidiary
The MoU comes as part of Tawazun’s endeavors to attract long-term partnerships with leading defense and security, aviation and aerospace...The MoU comes as part of Tawazun’s endeavors to attract long-term partnerships with leading defense and security, aviation and aerospace manufacturing companies
According to the MoU, Tawazun and Airbus will explore potential cooperation opportunities in the areas of refueling solutions for Military Air Systems, Unmanned Aerial Systems etc
L’Oréal Middle East taps Accenture
Accenture will help L'Oréal Middle East improve its consumer experience.Accenture Interactive is expected to use its expertise in data-driven marketing transformation for L'Oréal Middle East
This, L'Oréal said, will help it develop a more precise and connected approach to increase consumer engagement in the GCC region
Epic Games pulls Fortnite from China
Fortnite’s Chinese test version was released in 2018, but it never got the permission to be formally launched and monetized.Epic had announced two weeks ago that it would shut down the Chinese version of the game on November 15
It noted back then that ‘Fortnite China's Beta test has reached an end,’ and that servers would be closed
ADGM meet promises development
This was the first meeting of ADGM’s new Board of Directors.The board members reiterated their commitment to progressing ADGM’s growth journey, and strengthening the financial sector
They said they were also looking to attract global companies and investments, and develop a business environment underpinned by innovation
Abu Dhabi adds 11 new activities to list of Freelance Professional License
The license allows Abu Dhabi citizens, residents, and non-residents to conduct commercial activities from anywhere in the world.To obtain the license, the applicant must have a minimum of three years of experience in the specific field or industry
Alternatively, they are expected to have earned an academic or professional achievement in that field
