Lebanon has nominated investment banker Ziad Hayek to be head of the World Bank, the first challenge to President Donald Trump’s pick to lead the development lender. The Middle Eastern nation submitted the nomination in a letter to the bank’s executive board, Hayek said on Twitter, also posting a copy of the document. He is […]
Abu Dhabi: The Defence and Security Development Fund of Tawazun Economic Council announced investment into Al Marakeb Boats Manufacturing, in return for 30 per cent ownership. The two parties signed the agreement during the International Defence Exhibition (Idex 2019) in Abu Dhabi on Tuesday. Al Marakeb is the builder of boats, both manned and unmanned […]
Dubai: Hypermarket chain operator Majid Al Futtaim has said it will launch Carrefour Business, a new wholesale grocery service targeting restaurants and hotels, by June 2019. The wholly-owned subsidiary of supermarket chain Carrefour will offer businesses over 4,000 products on a new website as it seeks a slice of a $57 billion (Dh209 billion) regional […]
Abu Dhabi: Raytheon, one of the top defence firms in the world sees growing opportunities in the region and has opened its new office in Abu Dhabi to cater to the demand. “We continue to see growing opportunities, certainly with the regional instability and things that are happening in the area,” said Alan Davis, chief […]
It marked Sheikh Mohammed’s 50th year in public service.
Abu Dhabi: UAE Armed Forces signed deals worth Dh7 billion with various international and local companies to purchase arms and other equipment to boost the country’s defence capabilities, organisers announced on the second day of the International Defence Exhibition on Monday. International as well as local companies won some of the biggest deals announced, including […]
Prince Mohammed is expected to make an effort to defuse tensions between India and Pakistan.
Abu Dhabi: The Defence and Security Development Fund of Tawazun Economic Council signed a funding agreement of Dh193 million with Halcon Systems, a company owned by the Abu Dhabi-based Yas Holding Group. The first phase of the agreement is to set up production lines and further expand Halcon’s existing capabilities to cater for local and […]
Abu Dhabi: The UAE Armed Forces signed deals worth Dh4.8 billion on the third day of Idex, organisers announced on Tuesday. Twenty local firms and eight international companies won the deals including firms from Jordan, Turkey, Pakistan, Russia and the United States. Contracts worth Dh514 million were awarded to international firms whereas local companies were […]
The UAE Armed Forces has awarded 28 deals worth AED4,878,756,832 on the third-day of the International Defence More…