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Annual Investment Meeting commences in Abu Dhabi

ABU DHABI / WAM Participants from 170 countries have started arriving to attend the Annual Investment Meeting (AIM Global 2023), the premier investment platform for global investors that is set to kick off its 12th edition in Abu Dhabi on May 8 to 10. The three-day event is expected to attract an international audience of top executives, decision makers, senior ...

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‘Gallant Knight 2’ provides medical treatment for 300 cases in Syria

LATAKIA / WAM The number of beneficiaries of humanitarian, medical and treatment aid has reached about 1,100 Syrian families, with some 6,000 people, including 300 Syrian beneficiaries of urgent medical cases, according to the Emirates Red Crescent (ERC) delegation in Syria operating as part of Operation “Gallant Knight 2” that was launched by the Joint Operations Command of the Ministry ...

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Japan, S Korea seek to mend ties at rare summit in Seoul

BLOOMBERG The leaders of South Korea and Japan said they planned to discuss cooperation on global issues and security concerns raised by North Korea as they started their first formal summit held in Seoul in about a dozen years. South Korean President Yoon Suk Yeol told Fumio Kishida at their on Sunday meeting that he sees the visit of the ...

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Ukraine says it shot down Russian Kinzhal missile for first time

BLOOMBERG Ukraine’s military confirmed the interception of a Russian “Kinzhal” hypersonic air-launched ballistic missile after it deployed Patriot air-defense systems obtained this spring from Western allies. The rocket was launched from a Mikoyan MiG-31 fighter jet towards the Kyiv region of May 4, according to Mykola Oleshchuk, Ukraine’s air force commander. The confirmation followed discussion on social media that a ...

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Thailand begins early voting ahead of general election

BLOOMBERG More than two million Thais who registered for early voting began casting their ballots on Sunday ahead of next week’s general election, with opposition parties projected to win a majority. The vote is taking place amid an intensifying struggle for power in Thailand. The May 14 election pits supporters of the ruling military-backed coalition led by Prime Minister Prayuth ...

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State of emergency declared in Canada’s Alberta over wild fires

ALBERTA / WAM Canadian province of Alberta declared a provincial state of emergency after tens of thousands of Albertans have been forced to evacuate their homes as “unprecedented” wildfires rage on in Alberta, Premier Danielle Smith, head of the ruling United Conservative Party (UCP) said at a press conference. More than 24,000 Albertans had been evacuated from their homes, with ...

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Russian pro-war writer hit by car blast

BLOOMBERG Russian pro-war novelist and politician Zakhar Prilepin was injured and his driver killed in a car bombing as he was returning from Ukraine’s occupied territories, according to media reports. The attack, which took place about 460 kilometres (285 miles) east of Moscow in the Nizhny Novgorod region, followed two high-profile bombing deaths of Russian war supporters in recent months. ...

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IAG boosts outlook after swinging to surprise profit in Q1

BLOOMBERG IAG SA raised its full-year earnings outlook after reporting a surprise profit in the typically weak first quarter, highlighting how the airline industry has rapidly bounced back from the depths of the pandemic slump. The parent company of British Airways and Iberia now expects operating profit to exceed the upper end of its previous guidance, which called for a ...

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Grounded Go Air can fly in a week if aircraft not seized, says CEO

BLOOMBERG Go Airlines India Ltd, which went under citing Pratt & Whitney engine failures, is optimistic about resuming flights within seven days if the bankruptcy court restrains lessors from taking back its aircraft. The airline, controlled by billionaire Nusli Wadia’s group, has enough funds to sustain operations on a cash-and-carry model for about 10 days, Chief Executive Officer Kaushik Khona ...

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Dubai all set to host conference on solar energy systems

DUBAI / WAM Dubai Electricity and Water Authority (Dewa) unveiled its first line-up of international keynote speakers, researchers and specialists participating in the specialist technical sessions and panel discussions to be held during the first Middle East and North Africa Solar Conference 2023, organised by Dewa from November 15-18. The conference is the first scientific and technical conference of its ...

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