Day: October 21, 2022

DUBAI, A delegation from the Ministry Home Affairs and Cultural Heritage at Zimbabwe has recently visited the Dubai Police General Headquarter and Dubai Smart Police Station SPS at City Walk.

The delegation, which was headed by Kazembe Kazembe, Minister of Home Affairs and Cultural Heritage at Zimbabwe, was welcomed by Major Genral Dr. Adel Al Suwaidi, Director of Jebel Ali police station, Chairman of the Board of Directors of Police Stations and a number of senior officers.

The delegation was introduced to the various services provided by the Dubai Smart Police Station (SPS) to the customers in 7 languages around the clock and without human intervention, including 27 key services, such as reporting crimes and traffic incidents, as well as a further 33 community-based services, which range from obtaining a good-conduct certificate to social support for victims of family violence.

They were accompanied to the Command and Control Centre where they were briefed about the latest services and initiatives that enhance security and safety in the emirate.

They also learned about the centre’s equipment and latest additions such as the 3D map that covers Dubai and the patrols dispatching system that ensures swift and efficient response to reports and emergency calls.

They also were toured both the Director of the General Directorate of Traffic and the General Department of Criminal Investigation and presented by Major General Saif Muhair Al Mazroui and Major General Jamal Salem Al Jalaf to the best practices and services provided by the Departments in combating organised and financial transnational crimes and other topics of mutual interests.

Toward the end of the visit, Kazembe expressed his appreciation for the warm reception and praised Dubai Police’s utilizing of the latest technologies.

Source: Emirates News Agency

SHARJAH, Arada has successfully closed a US$100 million tap of its existing US$350 million Sukuk, which was issued in June and listed on the London Stock Exchange. The tap was priced at 99 cents on the dollar, with an investor yield of 8.386 percent.

Arada’s existing five-year fixed rate RegS debut Sukuk issuance was rated BB- by Fitch and B1 by Moody’s.

Ahmed Alkhoshaibi, Group CEO of Arada, said, “Arada continues to expand at an extremely rapid pace. To maintain that aggressive growth strategy, we took the decision to tap the markets opportunistically to secure the capital that will guarantee our plans remain on track.”

“This exceptional response and oversubscription from the international debt capital markets is a further sign of faith in Arada’s impressive growth trajectory, fundamentals and future prospects. We’re especially pleased to have closed this issuance during an uncertain time for global markets, which is again a hugely positive endorsement of our investor proposition, good governance record and credit strength,” he added.

The tap witnessed resilient demand from the global finance markets, with a lead order of US$185 million. The proceeds from the tap will be used for general corporate purposes and to support the development of Arada’s existing projects.

The Joint Lead Managers and Bookrunners for the tap were Standard Chartered Bank and Emirates NBD Capital, HSBC, Abu Dhabi Commercial Bank, Mashreq, Sharjah Islamic Bank, Kamco Invest, and Warba Bank.

In May, Moody’s and Fitch assigned Arada first-time credit ratings, of B1 and B+ respectively, both with a stable outlook.

Since its launch in 2017, Arada has launched three successful master-planned projects in Sharjah, with a combined sales value of AED33.5 billion, which are setting a new standard for integrated community living in the Emirate. In January this year, Arada announced the purchase of a plot of land on Dubai’s The Palm Jumeirah luxury megaproject, in line with the company’s stated intention to diversify into new markets.

The developer is on track for a year-on-year 25 percent increase in the value of property sold in 2022 to AED3 billion and is also aiming to complete 4,000 homes during the course of the year. In total, Arada has sold nearly 11,000 units since inception, valued at over AED8 billion. The developer has completed 2,600 units, with another 27,500 homes in the pipeline.

Source: Emirates News Agency

DUBAI, Dubai Airports, the operator of Dubai International (DXB) and Dubai World Central (DWC) airports, has been awarded the Best Aviation Sustainability Programme (Environment pillar) at the Sheikh Mohammed bin Rashid Global Aviation Awards, for its ongoing efforts in helping to develop a more sustainable global aviation industry.

The award was presented at a ceremony held in Montreal, Canada, at the 41st General Assembly of the International Civil Aviation Organisation (ICAO) recently.

Dubai Airports was recognised for its efforts as a leading player in the global aviation industry in implementing its ongoing sustainability programmes. Some of these projects include the replacing of 150,000 conventional light fixtures across DXB’s terminals and airfield with significantly more efficient LED lights, introducing electric and hybrid ground service vehicles, and building a 15,000-panel solar array at DXB’s Terminal 2, the largest at any airport in the Middle East.

Commenting on Dubai Airports’ achievement, Omar Binadai, Executive Vice President of Technology & Infrastructure at Dubai Airports, said, “We are delighted to be recognised as a positive force within the industry – one that is helping to support the global aviation community on its journey to a more sustainable future, and an organisation that is both fully aligned with, and committed to, helping the UAE’s wider efforts in achieving long-term climate action goals.”

Established in 2016, the Sheikh Mohammed bin Rashid Al Maktoum Global Aviation Award aims to shine a light on countries, businesses, and individuals around the world by recognising their contribution to the success of aviation industry. This triennial award reflects UAE’s commitment to promote aviation and support to ICAO’s ‘No Country Left Behind’ initiative.

This year, the second edition of the Award was divided into three categories that represent a unique mix of aviation business, including outstanding resource contribution to ICAO programmes, best aviation sustainability programme (Environment or Socio-economic Pillars), and aircraft cabin noise-research and development category.

Source: Emirates News Agency

DUBAI, Emirates has recently activated its codeshare partnership with Batik Air, expanding choice and connectivity options for its customers with access to 25 Indonesian points on a single ticket and one baggage policy.

Under the newly activated agreement, Emirates has placed its code on 8 routes operated by Batik Air via Jakarta to – Balikpapan, Denpasar, Medan, Manado, Padang, Surakarta, Surabaya and Makassar.

In addition, via an interline agreement, Emirates customers can also easily access 17 more domestic Indonesian points via Jakarta and Denpasar, to cities such as Praya, Semarang, Sorong, and more.

Source: Emirates News Agency