Abu Dhabi / WAM The Ministry of Industry and Advanced Technology (MoIAT) signed an agreement with Pure Health, the UAE’s largest integrated healthcare group, to join the National In-Country Value Programme, one of the key pillars of the national industrial strategy. As part of the agreement, that was signed on the second day of the “Make it in the ...
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ERC opens 3 colleges of technology in Fiji
ABU DHABI / WAM The Emirates Red Crescent (ERC), under the leadership of H.H. Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of the Emirates Red Crescent (ERC), inaugurated three colleges of technology in Fiji, to support the country’s education sector in areas affected by severe Tropical Cyclone Winston. Each college consists of ...
Read More »UN official praises UAE’s eco-friendly endeavours
DUBAI / WAM Dr Dena Assaf, United Nations Resident Coordinator for the United Arab Emirates, has commended the UAE’s environmentally-friendly endeavours in a bid to protect the environment and achieve the sustainable development goals. In this context, the UN official hailed the Environment Agency – Abu Dhabi’s decision to ban the use of single-use plastic bags from June 1, ...
Read More »Etihad unveils new offers for guests
ABU DHABI / Gulf Time Etihad Airways is inviting guests for an unforgettable stopover in Abu Dhabi with three different offers that suit all tastes and budgets. With the relaunch of Etihad Stopovers, travellers can benefit from 40% discounted prices at one of Abu Dhabi’s premium four-star and five-star hotels participating in this campaign, or from a one or ...
Read More »Aldar launches apartments at Grove District on Saadiyat Island
ABU DHABI / WAM Aldar Properties has announced the launch of apartments at Grove District, a new at Abu Dhabi’s Cultural Epicentre on Saadiyat Island. Grove District sits within Aldar’s flagship Saadiyat Grove development, and its apartments boast partial views of the island’s three landmarks: Zayed National Museum, Louvre Abu Dhabi, and Guggenheim Abu Dhabi. The development, when completed, ...
Read More »Beware the nested games of Russia’s Ukraine war
“Beware the nested game.†It is one of the least-known but most useful adages to keep in mind when following international affairs, and it is especially relevant now that Lithuania has announced a blockade of sanctioned Russian goods. A nested game is what it sounds like — a game within a game. It recognises that the actors in most real-world ...
Read More »Kellogg serves its investors a snack
Kellogg Co announced plans to split into three separately listed businesses. The aim is to turbocharge sales and profit growth. But the maker of Pop-Tarts and Pringles is also providing something for potential bidders to snack on. Kellogg will spin off its North American cereals arm and plant-based food unit from its global snacking operation. The shares rose as much ...
Read More »Italy’s families ain’t rich enough to evade a crisis
Italian family wealth — illiquid assets, mostly property, and financial instruments, held by the country’s households across all classes — has long been a pillar of economic strength in the heavily indebted nation. It’s in focus again as the war in Ukraine, energy price shocks and inflation weaken the country’s outlook. At 10 trillion euros ($10.55 trillion), such wealth ...
Read More »Now central bankers blame only themselves
For central banks, the pandemic may have been the easy part. To buttress economies and markets during the early days of Covid-19, authorities pumped huge sums into the financial system. They could worry about the hangover later, or so the thinking went. And judging by the previous decade, stimulus-driven inflation was a nonissue. Nobody wanted to be accused of ...
Read More »Kellogg to split into three firms to promote growth
Bloomberg Kellogg Co said it will split into three independent companies, sparking a rally in the food conglomerate’s shares. The maker of Froot Loops and other well-known breakfast cereals said the companies would focus on global snacking, North American cereals and plant-based foods — giving each greater autonomy and room for growth. The breakup will occur through two tax-free spinoffs, ...
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