DUBAI / WAM The General Department of Anti-Narcotics at Dubai Police achieved a significant milestone in the second quarter of this year (Q2’23) by successfully apprehending 49.6 percent of the total number of suspects wanted for drug-related cases and promoting psychotropic substances across the country. During the same period, their efforts also resulted in substantial seizures, including confiscating  491 kilogrammes ...

DUBAI / WAM Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, met with Reza Ameri, ambassador of the Islamic Republic of Iran to the UAE. During the meeting, held at the Ministry of Finance’s Dubai office, Al Hussaini highlighted the efforts of boosting cooperation between both countries. They also discussed matters of mutual interest. Al Hussaini presented prospects ...

DUBAI / WAM Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority PJSC (Dewa), on Sunday announced that the Abu Dhabi Future Energy Company PJSC – Masdar is the Preferred bidder to build and operate the 1,800MW 6th phase of the Mohammed bin Rashid Al Maktoum Solar Park for using photovoltaic (PV) solar panels based on ...

ABU DHABI / ad media Under the patronage of His Highness Sheikh Nahyan bin Zayed Al Nahyan, Chairman of Abu Dhabi Sports Council, the 29th Abu Dhabi International Chess Festival will take place from August 14-25 at the Radisson Blu Hotel in Abu Dhabi, with a total prize fund of AED300,000. The festival will be held under the supervision of ...

BLOOMBERG CVC Capital Partners is weighing an initial public offering of Douglas and could seek a value of more than €7 billion ($7.7 billion) for the German perfume retailer, people with knowledge of the matter said. The private equity firm is working with independent adviser Rothschild & Co as it explores a possible 2024 IPO of the business, according to ...

BLOOMBERG Turkish Airlines reported an 18% increase in net income in dollar terms during the first half of 2023 from a year ago, with passenger revenues offsetting a decline in the cargo unit. The national carrier’s total revenue rose 25% during the same period to $9.5 billion while profits stood at $868 million, driven by a 50% surge in passenger ...

BLOOMBERG TUI AG said it expects its summer 2023 travel season to be close to pre-pandemic levels even as the pace of growth tapers off amid higher inflation and rising interest rates. The world’s biggest tour operator said underlying earnings before interest and tax rose to €169 million ($185 million) in the quarter ended on June 30, its first profitable ...

BLOOMBERG Ryanair Holdings Plc senior executive Eddie Wilson said a new decree passed by the Italian government to reduce the impact of rising airfares this summer is illegal. “It’s ridiculous, illegal and goes against free market laws,” Wilson, who is chief executive officer of Ryanair’s main unit, said in an interview with Ansa newswire. If the new package isn’t scrapped, ...

BLOOMBERG Cathay Pacific Airways Ltd expects its strong recovery from the Covid crisis to continue through the rest of the year after the carrier announced its biggest half-yearly profit since 2010. “We’re extremely pleased with the performance to date,” Chairman Patrick Healy said at a post-earnings media briefing. “We expect to see a solid performance through the rest of the ...

BLOOMBERG Donald Trump and Ron DeSantis faced off with dueling events at Iowa’s state fair, taking their fight for the presidential nomination to the traditional political jamboree while avoiding a direct confrontation. Courting thousands of potential Republican voters, the two candidates didn’t cross paths but their appearances had the feel of a showdown in the crucial first-in-the-nation caucus state. But ...