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China’s logistics sector shows robust growth

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BEIJING/WAM China’s logistics sector expanded at a steady pace in November, offering the latest sign that domestic demand is picking up and the country’s economic recovery is gaining further momentum, analysts said. According to China Daily, the logistics performance index stood at 52.8% last month, representing an increase of 0.2 percentage points compared to October, based on data released earlier ...

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Etihad Airways named ‘Official Airline’ partner of 1 Billion Followers Summit

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ABU DHABI/WAM The 1 Billion Followers Summit, the world’s first and largest event dedicated to shaping the content creator economy, announced Etihad Airways as the official airline partner for the summit’s third edition, taking place at Dubai’s New Media Academy from January 11 to 13 2025 under the theme “Content for Good”. The partnership with Etihad advances the goals of ...

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Adnoc’s XRG to become majority shareholder of Covestro AG

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ABU DHABI/WAM Adnoc International Germany Holding AG (the bidder), a wholly owned indirect subsidiary of XRG PJSC (formerly known as Adnoc International Limited, together with the bidder and other companies of Adnoc Group, “XRG”), on Thursday, after expiry of the additional acceptance period, announced the final results of the voluntary public Takeover Offer to all shareholders of Covestro AG. At ...

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