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UAE, France discuss defence cooperation
Mohammed bin Ahmed Al Bowardi, Minister of State for Defence Affairs, received a call from Sébastien Lecornu, French Minister of Defence. During a phone call, the two sides discussed […]
UAE’s Averda International signs $30mln IFC loan to fund expansion
International Finance Corporation (IFC) is providing a $30 million loan to UAE-based waste management company Averda International to support its expansion in Oman, Morocco, and South Africa. This is IFC’s […]
Dubai-based waste management firm Averda gets $30mln IFC loan to support growth plans
Dubai-based integrated waste management company Averda announced on Thursday that it has signed a $30 million loan agreement with the International Finance Corporation (IFC) to drive its growth plans in […]
Eid Al Adha 2022 in UAE: Top 5 holiday destinations to explore
UAE residents will get a long weekend in July as the UAE marks Eid Al Adha. As per astronomical calculations, the Islamic festival would be from Friday, July 8, to […]
Kanoo Group prepares for foreign listing
Yusuf Bin Ahmed Kanoo Group board chairman Khalid Mohammed Kanoo said efforts are underway to carry out internal organisation in preparation for listing about 40pc of the company’s shares […]
Dubai’s ASNIC says major shareholder considering sale
Dubai-based Al Sagr National Insurance Company (ASNIC) has announced that a major shareholder is considering selling its stake in the company. In a statement to the Dubai Financial Market (DFM), […]
Air Works to provide line maintenance services at DXB
Air Works, a leading MRO and aviation services provider in India, has entered into a long-term agreement with UAE-based Mach Technik Aircraft Maintenance to provide line maintenance services at the […]
Emirates NBD REIT’s 2021 net income drops 18% to $9.5mln
The net rental income of ENBD REIT, the Shariah-compliant real estate investment trust managed by Emirates NBD Asset Management Ltd., fell by nearly 18 percent to $9.5 million for the full […]