Sunday , 15 July 2018
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Arabtec to build new phases of Emaar project in Egypt

UAE-based contractor to build 128 new villas within Emaar Misr’s Uptown Cairo project United Arab Emirates-based construction company Arabtec has announced it has secured a contract worth 157 million UAE dirhams ($42.75 million) to build two new phases of a project for Emaar Misr, the Egyptian arm of Dubai-based Emaar Properties. The company said in a statement to the Dubai …

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UAE cyberattacks down 48%

There were 155 cyberattacks against UAE websites in the first four months of 2018, down from 297 over the same period last year According to state news agency WAM, this decrease could reflect the success of the “National IT Emergency Response Team” of the Telecommunications Regulatory Authority (TRA) in deterring hacking attempts. Cyberattacks during the first four months of the …

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UAE Space Agency reviews new satellite design

The satellite will provide valuable insight into the concentration of nutrients in the coastal waters of the Arabian Gulf The UAE Space Agency, working in partnership with Khalifa University of Science and Technology and the American University of Ras Al Khaimah (Aurak), has reviewed the preliminary design of the MeznSat 3U CubeSat, which is being developed to monitor and study …

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Dubai Aerospace signs $480mln loan deal

The $480mln loan, which includes both conventional and Islamic finance tranches, has “accordion facility” allowing it to be increased to $800 mln By Davide Barbuscia, Reuters News DUBAI- Dubai Aerospace Enterprise (DAE), one of the world’s largest aircraft lessors, said on Monday it had signed a four-year loan deal for $480 million. DAE, a government-controlled company set up in 2006, …

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Eastern promise: UAE’s financial hubs target China

Zawya Express presents the top story, topic or trend highlighted by our editorial team as recommended reading to start your working day As the United States and China begin talks today to try and avert an escalating trade war, the two main financial centres of the United Arab Emirates have already been courting Chinese dignatories, as they seek to become …

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Dubai Aerospace in talks with Airbus, Boeing to place huge order for 400 jets

DAE, controlled by the government of Dubai, is interested in buying Airbus A320neo family and Boeing 737 MAX jets Dubai Aerospace Enterprise, one of the world’s largest aircraft lessors, is in talks to buy 400 jetliners from Airbus and Boeing and is prepared to expand its fleet through acquisition if talks fall through, its chief executive told Reuters on Thursday. …

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Takaful Emarat launches new brand to reflect major digital transformation

Launches a New Medical Product “Personal Health +” Dubai – Takaful Emarat (“the Company”), the DFM-listed Shariah-compliant Life and Health Takaful provider, is pleased to announce that it has introduced a bold new corporate identity to reflect its growing business and digital transformation. The Company has launched the ‘tlife’ brand for its life and health business. The general insurance business, …

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Official Launching Ceremony of Preparation for the Africities 2018 Summit

The theme of the Summit will be: “The transition to sustainable cities and territories: The role of African local governments” The official ceremony to launch the preparation for the 8th edition of the Africities Summit, November 20-24, 2018, Marrakesh, Morocco will take place on Tuesday, May 15, 2018, 3:00- 5:30 pm at the Balafrej Hall, the Ministry of Foreign Affairs …

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Successful implementation of Arab Africa Trade Bridges (AATB) Program

International Islamic Trade Finance Corporation (ITFC) continues the successful implementation of Arab Africa Trade Bridges (AATB) Program by connecting business communities in Agadir Agreement countries and West Africa The closing session of the Business Forum had adopted number of recommendations aiming at boosting trade flows between the Agadir Agreement countries and the West African OIC member countries The International Islamic …

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‘Start Egypt’ discovers entrepreneurs across the country

UK-funded Start Egypt programme has just completed a discovery mission for the country’s future entrepreneurs Supporting innovation and entrepreneurship across Egypt is vital to boost economic development and improve lives Partnering with Techne Drifts and Entreprenelle, Start Egypt has toured nine Egyptian cities as part of its road shows and its female founders’ workshops. Start Egypt experts from Flat6Labs headed …

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