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Lululemon earnings beat estimates as upscale demand holds up

BLOOMBERG Lululemon Athletica Inc jumped after posting a strong start to the fiscal year and projecting a better-than-expected full-year outlook — a sign of robust demand for the company’s pricey activewear despite emerging consumer weakness. Earnings and comparable sales surpassed analysts’ average estimate in the company’s first quarter. For the full year, Lululemon now expects revenue to be as high ...

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UAE leaders congratulate King of Tonga on Independence Day

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to His Majesty Tupou VI, King of Tonga, on the occasion of his country’s Independence Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mansour bin ...

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Adihex unveils traditional handcrafts’ competition

ABU DHABI / WAM For the second consecutive year, Abu Dhabi International Hunting & Equestrian Exhibition (Adihex) announced the start of submissions for the competition of the best sculptures of traditional handcrafts. This comes as part of the exhibition’s efforts to contribute to the sustainability of heritage professions and traditional industries, in celebration of the Year of Sustainability, and to ...

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