The latest deal is close on the heels of a Dh1 billion deal the Abu Dhabi-based group inked with Pratt & Whitney and International Aero
The facility is only regional certified Lockheed Martin Service Center for C-130.
The UAE is home to major courier and express service providers such as Aramex, UPS, DHL, FedEx and the government-owned Emirates Post
10 Lebanese startups selected to each receive $10,000 equity-free grants and up to $10,000 in cloud credits to support their business in rebuilding Beirut
Collaboration in the field of aviation and defence industries contribute in the development of local economies.
Adnic came out on top following a comprehensive competitive bidding process amongst a number of competing parties.
The Abu Dhabi-listed bank said the closure of Shanghai branch will not have any impact on its profitability.
The new agreement will see Sanad Aerotech providing IAE with expanded MRO services for its V2500 engines.
The pandemic has caused oil demand to drop by 30 per cent in March and April.