Latest news with #Dh600
Al Etihad
3 hours ago
- Business
- Al Etihad
NMDC LTS concludes acquisition of 70% equity stake in Emdad
4 June 2025 20:03 ABU DHABI (ALETIHAD)The NMDC Group has announced that its wholly owned subsidiary, NMDC LTS, has completed the acquisition of a 70% stake — comprising both share capital and voting rights — in Emdad, an integrated service provider operating across the oil and gas, utilities, and industrial sectors. The transaction was financed through a combination of debt and strategic acquisition allows NMDC Group to expand into the operational expenditure (OPEX) segment of oilfield services, enabling the company to diversify its portfolio further and strengthen its competitive position. Emdad brings a broad suite of services including well intervention, waste management, shutdown and turnaround services, coiled tubing, and valve solutions. In 2024, Emdad reported revenues exceeding Dh600 million, with total equity standing at Dh217 Yasser Zaghloul, CEO of NMDC Group, said: 'We are pleased to complete this landmark acquisition, which signals the beginning of an exciting new chapter for both organisations. Emdad is a distinguished industry leader with strong capabilities and deep sector knowledge. By combining Emdad's strengths with NMDC's scale and focus on innovation, we are creating a powerful platform for long-term value creation. This integration aligns with our diversification strategy and enhances our ability to deliver broader service offerings, create meaningful value, and drive sustainable growth for our clients, partners, and stakeholders across the region's dynamic energy landscape.'Mohammed Juma Al Bawardi, CEO of Emdad, added: 'This milestone transaction underscores both the maturity and appeal of the UAE's energy sector, as well as the trust NMDC places in Emdad's market position. As we join forces through this compelling partnership and integrate with the broader NMDC platform, we are confident of embarking on a new phase of growth. Together, we will unlock deeper value for our customers and work towards our shared vision for sustainable success.' This transaction marks a further step in NMDC's strategy to create long-term value, strengthen its regional presence, and drive revenue growth. It reflects NMDC Group's broader ambitions for expansion and diversification, paving the way for future innovation and industry leadership in the energy sector. Source: Aletihad - Abu Dhabi
Al Etihad
21-05-2025
- Business
- Al Etihad
Tawazun Council, Thales sign agreement to support Emirati suppliers withDh600 million work packages
21 May 2025 16:30 ABU DHABI (ALETIHAD)Tawazun Council and Thales Group have signed an agreement to empower more than 20 certified local suppliers under the 'Go to UAE' project, with work packages worth Dh600 signing took place during the fourth edition of Make it in the Emirates in Abu agreement was signed by Majed Saif Al Shamsi, Executive Director of Tawazun Economic Programme (Offset) at Tawazun Council, and Chtioui Mourad, COO of Thales Emarat Technologies, in the presence of Matar Ali Al Romaithi, Sector Chief of Defence and Security Industry Affairs, and representatives from both agreement falls under the framework of the Go to UAE initiative, a flagship programme jointly launched by Tawazun Council, the UAE Ministry of Industry and Advanced Technology and initiative aims to integrate local suppliers into the global supply chains of Thales and other leading defence and technology companies by equipping them to meet top international standards, and enabling access to long-term, high-value projects both locally and its launch in 2023, the programme has made significant strides. In its first year, nine Emirati companies successfully met international accreditation requirements, reflecting the growing readiness of national talent and industries to compete in advanced manufacturing local suppliers participating under the new agreement will contribute to a wide range of specialised projects, including PCB assembly, electromechanical systems, pre-assembled cabling, and precision machining. These efforts will directly enhance the UAE's defence industrial autonomy and strengthen national supply chain the local suppliers along with Emirati talent remains a cornerstone of this collaboration. Thales is committed to delivering advanced training and upskilling programs, aimed at cultivating a qualified pool of Emirati national professionals in critical domains such as advanced technologies and electronics. This aligns with the UAE's vision for localising strategic industries, and creating high-value opportunities for its agreement also reflects Tawazun Council's ongoing efforts to leverage the Tawazun Economic Programme, enabling investment in the local industrial ecosystem, driving added value to the national economy, and boosting the global competitiveness of the UAE's defence and technology Saif Al Shamsi said, 'The success of the Go to UAE initiative is a testament to the progress we are making in enabling national suppliers to access global supply chains and contribute to key defence and technology projects. Through the Economic Offset Program, Tawazun remains committed to building partnerships that generate sustainable value for the UAE's economy and industrial base." Roque Carmona, Chief Procurement Officer at Thales Group, said, "At Thales, we believe the future of global defence and technology lies in local innovation and sustainable partnerships. The Go to UAE programme is a prime example of how connecting world-class UAE suppliers with international markets can drive economic growth and technological advancement. By bringing 'Made in the Emirates' solutions to a global platform, we are not only strengthening the UAE's defence capabilities but also setting a new benchmark for export-driven growth." Source: Aletihad - Abu Dhabi
Khaleej Times
20-05-2025
- Khaleej Times
Dubai's RTA to add 6 new bus, taxi lanes to cut travel time by 41%
Dubai will expand its dedicated bus and taxi lanes, adding six new ones spanning 13km. The expansion is expected to reduce journey times by 41 per cent and improve bus arrival times by 42 per cent, according to the Roads and Transport Authority (RTA). It will encourage public transport use and help alleviate traffic congestion, said Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of the RTA. The authority previously announced that the lanes would be introduced on six major streets: Sheikh Sabah Al Ahmad Al Jaber Al Sabah, 2nd of December, Al Satwa, Al Nahda, Omar bin Al Khattab, and Naif. With this, the total length of dedicated lanes will reach 20km. The special lanes are marked with a distinctive red colour to prevent private vehicle drivers from mistakenly using them. Motorists caught driving on these lanes can be fined Dh600. The expansion was announced as the RTA revealed that its buses now cover nearly 90 per cent of Dubai. Its fleet of 1,390 buses completes 11,000 daily trips, transporting over 500,000 riders and covering approximately 333,000km. 'The RTA is committed to enhancing the public bus service to encourage residents to choose public transport for their daily commutes. We aim to improve connectivity between residential, commercial, and industrial areas by seamlessly integrating the bus service with the Dubai Metro. Buses serve as a vital link to other modes of transport, such as the metro, tram, and taxis,' said Al Tayer. In 2024, the number of public bus users reached 188 million passengers, marking an 8 per cent increase compared to 2023.
Gulf Insider
19-05-2025
- Automotive
- Gulf Insider
Dubai's RTA to Add 6 New Bus, Taxi Lanes to Cut Travel Time
Dubai will expand its dedicated bus and taxi lanes, adding six new ones spanning 13km. The expansion is expected to reduce journey times by 41 per cent and improve bus arrival times by 42 per cent, according to the Roads and Transport Authority (RTA). It will encourage public transport use and help alleviate traffic congestion, said Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of the RTA. The authority previously announced that the lanes would be introduced on six major streets: Sheikh Sabah Al Ahmad Al Jaber Al Sabah, 2nd of December, Al Satwa, Al Nahda, Omar bin Al Khattab, and Naif. With this, the total length of dedicated lanes will reach 20km. The special lanes are marked with a distinctive red colour to prevent private vehicle drivers from mistakenly using them. Motorists caught driving on these lanes can be fined Dh600. The expansion was announced as the RTA revealed that its buses now cover nearly 90 per cent of Dubai. Its fleet of 1,390 buses completes 11,000 daily trips, transporting over 500,000 riders and covering approximately 333,000km. 'The RTA is committed to enhancing the public bus service to encourage residents to choose public transport for their daily commutes. We aim to improve connectivity between residential, commercial, and industrial areas by seamlessly integrating the bus service with the Dubai Metro. Buses serve as a vital link to other modes of transport, such as the metro, tram, and taxis,' said Al Tayer. In 2024, the number of public bus users reached 188 million passengers, marking an 8 per cent increase compared to 2023. Also read: UAE: RTA To Auction Premium Dubai Number Plates
Al Etihad
07-05-2025
- Sport
- Al Etihad
Under the patronage of Sheikha Fatima bint Mubarak, and supported by Fatima bint Hazza bin Zayed, 9th Fatima bint Mubarak Women Sports Award opens for nominations
7 May 2025 21:41 ABU DHABI (ALETIHAD)The Fatima bint Mubarak Ladies Sports Academy (FBMA), in collaboration with the Abu Dhabi Sports Council (ADSC), has opened nominations for the 9th Fatima bint Mubarak Women Sports Award, held under the patronage of Her Highness Sheikha Fatima bint Mubarak, President of the General Women's Union, President of the Supreme Council for Motherhood and Childhood, and Supreme Chairperson of the Family Development Foundation and Mother of the Nation. The award is also supported and guided by Her Highness Sheikha Fatima bint Hazza bin Zayed Al Nahyan, Chairwoman of the Fatima bint Mubarak Ladies Sports Academy and President of Abu Dhabi and Al Ain Ladies of the prominent award, the first of its kind in the region and one of the most highly regarded accolades in Arab sports, were unveiled at a press conference at the Fatima bint Mubarak Ladies Sports Academy in Abu Dhabi. The event was attended by His Excellency Aref Hamad Al Awani, General Secretary of the Abu Dhabi Sports Council; Dr Najwa Al Hosani, Chair of the Judging Committee; Shamsa Saif Al Hanaee, Fatima bint Mubarak Ladies Sports Academy's Board Member; and numerous sports leaders, stakeholders, and media awards ceremony is scheduled for November 2025, while nominations are open until September 10, award aims to empower women in sports, spotlight their achievements over the past year, promote excellence and competitiveness in women's athletics, and create a supportive environment that enables athletes to elevate their performance to new total prize money of Dh2 million, the award features eight categories across individual and group individual category includes Best Arab Woman Athlete – Dh600,000; Best Emirati Woman Athlete – Dh300,000; Best Youth Athlete – Dh150,000; Best Paralympic Athlete – Dh250,000; Best Coach (Male/Female) – Dh150,000; Best Social Media Influencer in Sports – Dh100,000; and Best Sports Mother – Dh150,000. The group category includes Best Team – Dh300,000.A Special Honorary Award will also be presented to the Arab Sports Personality of the Year, selected by the jury, to recognise an individual who has made a significant impact on women's Excellency Aref Hamad Al Awani said, 'The award aligns with the UAE leadership's vision for empowering women across all sectors, particularly in sports, and is supported by Her Highness Sheikha Fatima bint Mubarak and Her Highness Sheikha Fatima bint Hazza Al Nahyan. The award is a key pillar in supporting and developing women's sports both locally and across the Arab world. It motivates Emirati women to pursue excellence and global recognition."In 2024, we received 258 applications, up from 191 in 2023. Submissions from Emirati women rose to 155, compared to 116 the year before. The most competitive category was Best Emirati Female Athlete with 119 entries."Dr Najwa Al Hosani said, "The judging panel has been expanded to five members to ensure a professional and transparent evaluation based on clear and rigorous criteria, and now includes experts from sports, media, and management fields, blending academic and practical experience."Shamsa Saif Al Hanaee said, 'The transformation of the Best Sports Media Personality category into Best Social Media Influencer in Sports reflects the pivotal role of digital platforms in amplifying women's voices in sports. This category celebrates influencers who use digital media to promote positive messages and spark dialogue on empowering women in sports."The Fatima bint Mubarak Women Sports Award is supported by Abu Dhabi National Oil Company (ADNOC), Dolphin Energy, Abu Dhabi Media Network, and Abu Dhabi Sports Channels, empowering female athletes and amplifying the reach and impact of the award. Candidates can submit their applications via the official website:
