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| A comprehensive guide
to current and future events and exhibitions in the UAE |
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Valuable concise reference source on the UAE,
covering political system, economy, business, history and heritage,
education, women, healthcare, tourism and environment. |
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Natural history of the UAE,
covering all animals and plants recorded in the Emirates. |
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Report by National US Arab Chamber of Commerce on the UAE. Vol XV, No 3, June 2007. Includes analysis of UAE economy. |
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INFRASTRUCTURAL DEVELOPMENT - DUBAI AEROSPACE ENTERPRISE
 DAE plans to purchase 50 aircraft worth US$2.5 billion
Posted on 02/06/2008
Dubai Aerospace Enterprise (DAE) said it was in talks to buy 50 aircraft worth a total of about US$2.5 billion (Dh9.1bn) to expand its leasing business. DAE, which last year ordered up to US$13.5 billion of aircraft from Airbus, is looking to buy single- and twin-aisle planes over the next 18 months, including Boeing 777s and Airbus A330s, Bob Genise, CEO of DAE Capital, said yesterday. "Despite the rise in jet fuel prices, there are pockets of strong performance," he said. DAE Capital could
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 DAE announces strategic partnership with MIT
Posted on 29/04/2008
Dubai Aerospace Enterprise University (DAE University), has announced a strategic partnership with the Massachusetts Institute of Technology (MIT) Global Airline Industry Program to introduce global best practices in its aviation curriculum and promote region-specific research on the aviation and aerospace industry. DAE University is the education and training arm of Dubai Aerospace Enterprise (DAE).
Through the pioneering regional collaboration, which is expected to be a multi-year program,
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 DAE buys Austrian air software firm
Posted on 12/03/2008
Dubai Aerospace Enterprise (DAE) said it bought Austria's Flugwerkzeuge Aviation Software (f:wz), a privately held company that develops and distributes flight-planning software for airlines, for $25 million. "Airlines are suffering from record high fuel prices and are looking for better technologies that will ease the burden," Kamilia Sofia, acting chief executive of DAE unit DAE Services, said in a statement on Tuesday, adding that f:wz offered "solutions that deliver immediate and
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 DAE boosts deals to Dh106b
Posted on 15/11/2007
DAE Capital, the aircraft leasing subsidiary of Dubai Aerospace Enterprise, yesterday boosted its total aircraft deals to Dh106 billion (US$29 billion). Taking Centre stage at the Dubai Air Show, which saw mega deals worth more than Dh250 billion signed by Gulf based airlines and companies, DAE Capital signed a US$1 billion acquisition of 20 narrow and wide-body aircraft from GE Commercial Aviation Services (GECAS) in a deal comprising Boeing 737 next generation series and Airbus A320 series
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 DAE to buy 100 planes from Boeing for US$13.7b
Posted on 13/11/2007
Dubai Aerospace Enterprise (DAE) on Monday signed a purchase agreement for 100 aircraft worth US$13.7 billion from US plane manufacturer Boeing. The deal came just hours after DAE, the aero-space, manufacturing and services corporation, signed an initial agreement to buy as many as 100 aircraft from European plane-maker Airbus for US$13.5 billion.
DAE capital, DAE Group's aircraft leasing and financing business, aims to be one of the largest aircraft leasing businesses in the Middle East
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 DAE to build maintenance facility at new airport
Posted on 25/10/2007
Dubai Aerospace Enterprise will build a maintenance, repair and overhaul (MRO) facility to cater to a massive influx of new airlines and charter carriers expected for Dubai World Central Airport, its chief executive said yesterday. Bob Johnson said the facility would have a "significant" footprint at the new airport, but said final plans have not yet been completed.
The Dubai government is building World Central at a cost of $30 billion to accommodate 120 million passengers annually. DAE, a
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 DAE expects to generate over US$500m in revenues
Posted on 22/10/2007
Dubai Aerospace Enterprise (DAE) will generate more than US$500 million in revenues in 2007 through its recently acquired subsidiaries and will likely triple the following year, according to the company. Since it was formed in February 2006, the state-backed aerospace conglomerate has spent more than US$2 billion acquiring three aircraft maintenance, repair and overhaul firms in Switzerland and the United States. DAE purchased a 30 per cent stake in Swiss firm SR Technics in September 2006.
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 DAE to sign deal for 30 aircraft within six weeks
Posted on 04/10/2007
Dubai Aerospace Enterprise (DAE) will sign in four to six weeks deals to acquire 30 aircraft as part of a plan to build a fleet of 125 planes within five years, the company's aircraft leasing business head said.
These purchases will be in the secondary market and involve up to four transactions, DAE Capital's chief executive officer Bob Genise told Gulf News in an interview."I hope to have them done in another four to six weeks. If all goes well, I would like to have (deals for) 30 aircraft
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 DAE to buy US$1.5b worth of aircraft
Posted on 25/09/2007
Dubai Aero-space Enterprise (DAE) is close to agreeing the purchase of US$1.5 billion of aircraft, kick-starting its plane leasing business to compete with global players such as GE, an executive said.
DAE, which this month dropped its US$1.8 billion bid to take over New Zealand's Auckland International Airport, is in talks with Boeing and Airbus about buying as many as 125 aircraft for delivery from 2010, Bob Genise, chief executive of DAE's aircraft leasing unit, said.
The unit, DAE
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 Dubai scraps bid for Auckland Airport
Posted on 06/09/2007
Dubai Aerospace Enterprise scrapped its NZ$2.6 billion ($1.8 billion) offer for a majority stake in Auckland International Airport on Thursday, but is expected to return with a fresh bid for a smaller stake.
The decision followed a public outcry against foreign control and a lack of support from smaller shareholders, but an analyst said Dubai should not be counted out of the picture to rival other bidders for up to 49 per cent of the airport. "They'll come back with an all-cash offer and it
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![]() DAE sticks to its bid for Auckland Airport
Posted on 17/08/2007
Dubai Aerospace Enterprise (DAE) is not likely to revise its bid of NZUS$2.6 billion (Dh7.3bn) for Auckland International Airport, but will initiate talks with all shareholders, including Infratil, to pave the way for its offer to succeed, a top company executive said yesterday.
In a joint investment with the New Zealand Super Fund, Infratil, a utilities investor based in Wellington, said yesterday it now holds 6.2 per cent of the airport company. Combined with the 23 per cent stake held by
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 DAE's Auckland bid receives big boost
Posted on 09/08/2007
New Zealand's trade minister clarified his views on Dubai Aerospace Enterprise's US$2 billion offer for Auckland Airport, raising hopes that the sale will have enough support for approval.
Trade Minister Phil Goff said earlier comments about his opposition to the deal were referring to his hope that the 22 per cent of airport shares owned by two New Zealand city councils would remain in public hands, according to Kiwi press accounts.
Currently, Auckland International Airport Ltd. (AIAL) is
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 DAE's Auckland bid hits hurdle
Posted on 07/08/2007
Dubai Aerospace Enterprise (DAE) is running up against political opposition to its bid for the Auckland International Airport, according to a New Zealand newspaper. The New Zealand government is against the proposed sale of the airport to DAE, the newly-formed $15 billion aviation conglomerate, and its trade minister said the deal could be "against national interests," reported the New Zealand Herald yesterday.
"The government's view is very much in line with that of 80 per cent of the
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 Dubai Aerospace Enterprise completes Dh7b US deal
Posted on 05/08/2007
Dubai Aerospace Enterprise (DAE), Dubai's Dh55 billion investment vehicle for the aviation industry, has completed its acquisition of US-based Standard Aero and Landmark Aviation for Dh7 billion (US$1.9 billion) after a four-month review, the company said on Thursday.
DAE, owned by the Dubai Government, purchased the aircraft maintenance, repair and overhaul firms from the Carlyle Group, a US private equity firm.
Robert Mionis, chief executive of DAE's manufacturing and engineering divisions,
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 DAE explores acquisitions in E. Europe
Posted on 30/07/2007
Dubai Aerospace Enterprise (DAE), Dubai's US$15 billion aviation investment group that agreed to buy Auckland International Airport, is reportedly exploring an airport project in Europe as it sets out to build an international network. "There will be something in Europe," Sheikh Ahmed bin Saeed Al Maktoum, Chairman of DAE, was quoted by Business Intelligence Middle East (BI-ME).
DAE, formed last year with a goal of becoming a US$15 billion airport and aviation services company, agreed in
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