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Sanad, Thales elevate aviation industry with strategic alliance

DUBAI / WAM Sanad, the global aerospace engineering and leasing solutions leader wholly owned by Abu Dhabi’s sovereign investor Mubadala Investment Company, has entered into a landmark strategic framework agreement with Thales, a global leader in advanced technologies within Aerospace, Defence Security and Digital Identity Security. The agreement expands Sanad’s Maintenance Repair and Overhaul (MRO) services into the dynamic fields ...

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Emirates signs agreements with Safran totalling $1.2 billion at Dubai Airshow

DUBAI / WAM Emirates, the world’s largest international airline, has on Wednesday announced a series of contracts awarded to Safran, worth over $1.2 billion combined. This includes a $1 billion deal for the latest generation Safran Seats for Emirates’ new fleet of Airbus A350, Boeing 777X-9 and existing Boeing 777-300 aircraft. The agreement includes Business, Premium Economy and Economy class ...

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UAE President visits Dubai Airshow 2023

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Wednesday attended the Dubai Airshow 2023 at DWC, where he toured the exhibition spaces and pavilions and viewed the exhibits of the various local and international companies participating in this year’s event. His Highness engaged in discussions with exhibitors and was briefed on the latest ...

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Homegrown Brands Taking Centre Stage at Community Retail Mall, Times Square Center

DUBAI/ GULF TIME In the first three quarters of the year (2023), Times Square Center has evolved from a quiet space into a bustling community hub with its footfall increasing by 10.6%. With the mall’s recent community-driven events like Busy Little Hands and Halloween, the footfall was increased by 7.8% proving the significant impact of organising these occasions. The mall ...

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GMC an opportunity to keep pace with AI applications: Professor at London School of Economics tells WAM

ABU DHABI / WAM Professor Charlie Beckett, Professor of Practice, Director of Polis and the Polis/LSE JournalismAI project at the London School of Economics and Political Science (LSE), said that the Global Media Congress is an ideal opportunity for global media entities to come together to showcase their innovative technologies, including artificial intelligence (AI) applications. In a statement to the ...

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Under the patronage of Sheikh Mansour, Global Media Congress opens in Abu Dhabi

ABU DHABI / WAM Under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, the second edition of the Global Media Congress started on Tuesday at the Abu Dhabi National Exhibition Centre – Adnec. Organised by the Emirates News Agency (WAM) and Capital Events of the Adnec ...

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Goldman strategists see Europe stocks rising as economy improves

BLOOMBERG European stocks will rise next year as household spending power picks up and the threat of a sharp slowdown eases, according to Goldman Sachs Group Inc strategists. Quicker-than-expected cooling in euro area inflation should lead to positive growth in real wages — a boost for consumers, while also reducing obstacles to interest-rate cuts and with that the risk of ...

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Stocks edge up as traders bet on slowing inflation

BLOOMBERG Global stocks and bonds edged higher ahead on speculation that a crucial US inflation report will show that price pressures slowed last month, cementing the view that interest rates have peaked.  Europe’s Stoxx 600 index added 0.2%, with mining stocks led by a 4% gain in Glencore Plc after it agreed to buy a majority stake in Teck Resources ...

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