News

Bloomberg TUI AG fell as much as 8 percent after Europe’s biggest holiday company detailed how a glut of flights and hotel rooms is hurting earnings, giving investors more reasons for concern following a profit warning last week. The loss for the quarter through December more than doubled, with no prospect of a turnaround because prices are depressed by unfilled ...

Dubai / WAM Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, on Monday launched the Dubai International Best Practices Centre (DIBPC) on the sidelines of the World Government Summit, being held at Madinat Jumeirah, Dubai. The Crown Prince of Dubai HH Sheikh Hamdan bin Mohammed bin Rashid Al ...

Dubai / WAM The United Kingdom is seeking to grow the number of UK universities in the UAE as well as to learn from the UAE e-government programme model, according to Nadhim Zahawi, Member of Parliament and Minister Responsible for Special Education Needs in UK. “Education is a big export for us and big partnership with the UAE. There are ...

Abu Dhabi / WAM Effective July 1, Etihad Airways will operate the Airbus A380 on its daily service linking Abu Dhabi and Seoul. The South Korean capital’s Incheon airport now joins London Heathrow, Paris Charles de Gaulle, New York JFK and Sydney as a destination served by the airline’s award-winning aircraft. Robin Kamark, Chief Commercial Officer, Etihad Aviation Group, said, ...

Abu Dhabi / WAM At a time when oil is still a very important ingredient for the UAE economy, Dubai sets an example of “Service-driven” and “Tourism-driven” economy. Jose Angel Gurria Trevino, the Secretary-General of the Organisation for Economic Co-operation and Development, OECD, says “Dubai is now mostly service-driven; tourism-driven at the time oil is still a very important ingredient ...

Abu Dhabi / WAM Christine Lagarde, the Managing Director of the International Monetary Fund (IMF), visited Abu Dhabi Future Energy Company (Masdar) to witness the progress of Abu Dhabi’s flagship sustainable urban community, Masdar City, and learn how investment in youth is helping the UAE to deliver on the UN Sustainable Development Goals. She also toured Khalifa University of Science ...

ABU DHABI / WAM Dr Sultan Ahmed Al Jaber, UAE Minister of State and Group CEO of the Abu Dhabi National Oil Company (Adnoc), was honoured on Monday with the “International Lifetime Achievement Award” for his outstanding contribution to the global energy industry. The award was presented to him by Narendra Modi, Prime Minister of India, at the Petrotech energy ...

Abu Dhabi / wam Department of Economic Development Abu Dhabi (Added), is currently preparing a study to regulate and develop licencing mechanisms for food-vending mobile vans (Food Trucks) under “Tajer Abu Dhabi License”. The study represents one of the initiatives in support of the Abu Dhabi economy package aiming to facilitate doing businesses and supporting the private sector. The study is ...

abu dhabi / WAM The Registration Authority of Abu Dhabi Global Market (ADGM), and the Casablanca Finance City Authority (CFCA), signed a Memorandum of Understanding (MoU), to foster closer collaboration among the UAE, Morocco and Africa and jointly promote the development of financial services in the respective markets. The MoU was signed by Dhaher bin Dhaher Al Mheiri, CEO of ...

KARACHI / WAM The “HH Sheikha Fatima Global Humanitarian Campaign” began in Kathor, Las Bela, Balochistan, Pakistan. The campaign aims to treat children, women and elderly people, under the slogan, “We are all Mother Fatima,” as the first specialist initiative of its kind that will provide the best diagnostic, treatment, preventive and surgical services to poor people, under the supervision ...