News

ABU DHABI / WAM Air Arabia Abu Dhabi has announced the inauguration of its first flight between Abu Dhabi and Muscat. According to the company, the twice a week service offers greater connectivity and value-for-money options making it easier and more convenient for customers to travel between the two countries. Customers can book their direct flights between Abu Dhabi and ...

ABU DHABI / WAM Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Group CEO of the Abu Dhabi National Oil Company (Adnoc) has highlighted investment and partnership opportunities in the UAE during a panel session at the Bloomberg New Economy Forum. Speaking during the virtual session titled ‘The Rise of Regional Champions: The Search for ...

DUBAI / WAM Mohammed Bin Rashid Housing Establishment (MBRHE) has started its logistical preparations for launching the 4th edition of The Housing, Building Materials, Decoration & Engineering Consultancy Exhibition, Decobuild 2020, with the precautionary and preventive measures in place to ensure the safety of both exhibitors and visitors. The 4th edition will be held at Elbait Metwahid Hall, Al Warqa`a ...

Abu Dhabi / WAM The Abu Dhabi Department of Energy (DoE) and the Environment Agency — Abu Dhabi (EAD) held a meeting recently to discuss the progress made by the joint taskforce they had formed to promote collaboration among them to ensure the sustainability of natural ecosystems and preserve the terrestrial and marine environment of the emirate. The taskforce was ...

ABU DHABI / WAM As climate change continues to be one of the greatest challenges facing mankind today, and in light of research revealing a fast-emerging market opportunity valued at $7.1 trillion, the World Future Energy Summit has announced the introduction of a new Climate and Environment Expo & Forum, hosted in partnership with the UAE Ministry of Climate Change ...

Bloomberg Huawei Technologies Co sold its Honor smartphone business to a Chinese government-backed consortium for an undisclosed amount, hiving off the entry-level devices arm after the Trump administration cut off its access to American technology. The consortium was formed by the Shenzhen Smart City Technology Development Group Co and more than 30 of Honor’s partners, agents and dealers, from private ...

Bloomberg Tesla Inc, Elon Musk’s 17-year-old upstart carmaker, took a giant step towards blue-chip respectability, getting named to one of the world’s most famous stock indexes in an action that will greatly broaden its investor base. The announcement that Tesla will enter the S&P 500 on December 21 follows months of speculation, and one temporary setback, after the stock failed ...

Bloomberg German Chancellor Angela Merkel expressed optimism that a recovery in Europe’s biggest economy will gather pace once the coronavirus pandemic is brought back under control. Merkel said that while the situation remains “very serious,” officials are better equipped now to fight the disease than at the start of the outbreak in the spring. She cited recent progress in developing ...

Bloomberg Airbnb Inc’s long awaited filing for an initial public offering (IPO) makes the devastation wrought by Covid-19 abundantly clear, and shows how its business now hangs on domestic travel. Since the coronavirus pandemic swept across the globe in March, closing borders and grounding flights, the travel sector’s woes have been on full display. Public companies such as Marriott International, ...

Bloomberg Vodafone Group Plc beat estimates and expects sales to recover from a first half when Covid-19 lockdowns sent mobile roaming income tumbling. Vodafone’s organic service revenue fell 0.4% in the financial second quarter that ended on September 30, better than the 2.3% average estimate of analysts compiled by Bloomberg. Europe’s second-biggest phone company nudged up its outlook, seeing full-year ...