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Public listed investment company headquartered in Abu Dhabi, Waha Capital, has launched its third fund with capacity in excess valued at $500 million, Trade Arabia reports. The fund, Waha Islamic Income Fund SP, will invest in sharia-compliant assets across the Read more
China’s aviation regulator said Wednesday it would suspend Etihad Airways from operating its Abu Dhabi- Shanghai flight for a week due covdi-19 contaminations. The decision will be reinforced from August 17, Zaywa reports. China is alarmed by a high number Read more
SMBC Nikko Securities Inc., the security agency of Japan’s second largest bank, will open new branches around the world including Abu Dhabi, as part of expansion plans. The move according to company’s President Yuichiro Kondo is subject to regulatory approval. Read more
Abu Dhabi Islamic Bank PJSC has announced the resignation of its Chief Executive Officer has resigned adding that Chief Operation Officer (COO) will take over as caretaker, Bloomberg reports. The bank did not provide reasons for Mazin Manna’s resignation. Manna. Read more
Emirati telecom group Etisalat Group Wednesday appointed Hatem Dowidar as Acting Chief Executive Officer after Saleh Al Abdooli resigned from his role as CEO. Abdooli, according to the group, submitted his resignation citing personal reasons. He had been with telecom Read more
Turkey Tuesday laid into the UAE for sowing chaos in Middle East and North Africa (MENA) region mainly in Yemen and Libya amid deteriorating relations between the two countries. Foreign Minister Mevlut Cavusoglu, Middle East Monitor (MEMO) reports, in an Read more
An investment firm backed by a member of the Abu Dhabi royal family has acquired 20 per cent of Lulu, a supermarket group, for a total investment of $1 billion, report say. Source knowledgeable of the matter who spoke to Read more
Abu-Dhabi-based budget airline Air Arabia has said market condition will determine its official launch expected in the second quarter (Q2) of this year while ruling out delay. “There are no plans to delay or postpone,” the spokesman for Air Arabia Read more
United Arab Emirates, UAE, have chosen to let down Khalifa Haftar, their man in Libya, to be replaced by current Libyan ambassador to the Gulf country after the military commander failed in his move to take Tripoli in an offensive Read more
Radisson Hotel Group’s Radisson Blu brand has opened two hotels; Radisson Blu Hotel & Resort, Abu Dhabi Corniche and Radisson Blu Hotel & Resort Al Ain. The move according to the group is motivated by the standing of Abu Dhabi Read more