Strata and SABCA expand collaboration on A350-1000 flap fairings

Strata Manufacturing PJSC (Strata) and SABCA have signed a new contract for the manufacturing and assembly of the A350-1000 Flap Support Fairings. This achievement broadens the already-existing A350-900 Flap Support Fairing long-term relationship between Strata and SABCA and confirms the strength of the partnership between the two companies and the commitment to delivering high-quality components […]

UAE’s IHC eyes shareholding in Colombia-based Grupo Nutresa

IHC Capital Holding LLC, a subsidiary of International Holding Company (IHC), signed a share swap agreement with Grupo de lnversiones Suramericana (Grupo Sura), Grupo Nutresa, and Grupo Argos. According to a bourse disclosure, IHC Capital Holding will receive a 2.45% stake in Colombian packaged foods giant Grupo Nutresa in exchange for its 1.64% equity in […]

Dubai Centre for Family Businesses launches Governance Series

  The Dubai Centre for Family Businesses has commenced its activities – under the umbrella of Dubai Chambers – with the launch of the Governance Series, a series of educational sessions focusing on key issues influencing the success of family businesses. The sessions will explore topics such as UAE laws and the effective implementation of […]

Etihad Airways set to welcome over 4mln passengers over summer season

Etihad Airways announced its preparation to welcome more than 4 million passengers at Abu Dhabi International Airport during the summer season between 20th June and 30th September 2023. A high volume of travellers will be joining locally in Abu Dhabi, with the remainder connecting from across Etihad’s extensive network of 66 destinations, including new summer […]

Missing Titanic sub: Vessel carrying Dubai billionaire operated using $30 video game controller

Global panic is mounting as the international search for the missing submersible used to tour the wreckage of the Titanic, named Titan and operated by OceanGate Expeditions – whose CEO is currently on board piloting the vessel – enters its third day. All communication was lost with the 21-foot (6.5-metre) craft shortly after its descent […]

EDB sets $27.23mln for food security; launches AgriTech loans

Emirates Development Bank (EDB) is set to allocate a substantial AED100 million ($27.23 million) for UAE’s food security sector besides launching the country’s first-of-its-kind AgriTech Loans Programme. The programme offers green- and brownfield project financing, CAPEX and working capital financing, and medium-term loans or working capital amounts of up to AED5 million with competitive rates […]