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SHARJAH / WAM Air Arabia announced its financial results for the full year ending 31st December 2019, reflecting a record year of profitability and continued growth. Air Arabia also reported in a press statement a track record net profit of AED1 billion ($272m) for 2019, an increase of 80 percent compared to the net profit registered in 2018 (Excluding the ...

ABU DHABI / WAM For the fourth year in a row, the National Reference Laboratory (NRL) part of Mubadala’s network of world-class healthcare providers, delivered educational talks and workshops for laboratory professionals at this year’s edition of MEDLAB, which ran from February 3-6 at Dubai World Trade Centre. This is in line with NRL’s commitment to elevate the standards of ...

Bloomberg Google’s decade-long antitrust fight with the European Union is set for more twists and turns this week as the internet giant battles the first in a trilogy of fines that cost the company nearly $9 billion. The EU’s General Court in Luxembourg will host a three-day hearing starting on February 12 as the Alphabet Inc unit seeks to topple ...

Bloomberg China warned France against treating Huawei Technologies Co differently from European competitors when it comes to future 5G network equipment contracts, as the US mounts a campaign to keep the Chinese tech giant at bay. In a lengthy statement issued on its website, the Chinese embassy in Paris urged France to establish “transparent criteria and treat all companies in ...

Bloomberg The race to lead Germany was thrown wide open on Monday when Annegret Kramp-Karrenbauer announced that she will step down as leader of Angela Merkel’s Christian Democratic Union (CDU) and won’t run as the party’s candidate for chancellor in the next election. Kramp-Karrenbauer, widely known by her initials AKK, has struggled to stamp her authority on the party since ...

Bloomberg China’s consumer prices rose the fastest in more than eight years last month, with the outbreak of the coronavirus and subsequent shutdowns of transport links across the country making further gains in the coming months likely. Consumer prices rose 5.4%, with food prices jumping the most since 2008 in January. Even before the coronavirus, prices were likely to have ...

Bloomberg Jaguar Land Rover announced that its supply chains outside China could be impacted by the coronavirus outbreak in an updated presentation to investors. The luxury carmaker wrote that it expects the virus to affect its fourth quarter but that it’s too early to quantify. Though the company issued an update to add that if disruption continues, supply chains outside ...

Bloomberg Hollywood producers eager to dramatise the life of Carlos Ghosn, the former Nissan Motor Co chairman who staged a cinematic escape from Japan in December, are likely to get a simple response: call my agent. Not just any agent. Ghosn is working with Michael Ovitz, the founder of Creative Artists Agency and former president of Walt Disney Co, to ...

Abu Dhabi / WAM The UAE on Sunday celebrated the participation of its brave sons in the Arab Coalition Forces in Yemen. The ceremony was attended by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and ...

ABU DHABI / WAM Abu Dhabi Airports has partnered with the Etihad Aviation Group (EAG) to begin training 17,000 employees to operate the new Midfield Airport Terminal at the Abu Dhabi Airport. The programme is supported by a campaign designed to capture the imagination of the airport community, ensuring that employees of all airport organisations are Familiarised, Inducted and Trained ...