ABU DHABI / WAM The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) has announced a new AED367.23 million ($100 million) Culinary Investment Fund that will help introduce iconic brands to the UAE capital. In addition, the fund will support building and establishing a Culinary School to aid with recruitment, training, and other staffing resources in the ...

DUBAI / WAM The Ministry of Climate Change and Environment has launched an integrated programme to monitor plastic waste in the marine and coastal environment of the country, in line with its efforts to preserve marine resources, seawater quality, and beach cleanliness within the general framework of Year of Sustainability. A series of scientific studies will be conducted as part ...

SHARJAH / WAM Sharjah Taxi, one of the projects of Sharjah Asset Management, the investment arm of the emirate of Sharjah, has distributed 15,000 meals to Sharjah taxi drivers across various localities, in close cooperation with Sharjah Charity International. Khalid Al Kindi, Acting General Manager — Osoul Transport Solutions, said that this initiative strives to promote the values of goodness ...

HANOI / WAM Dr Bader Abdullah Al Matrooshi has presented his credentials as UAE ambassador Extraordinary and Plenipotentiary to Vietnam, to Võ Văn Thưởng, President of the Socialist Republic of Vietnam, at an official reception ceremony which took place at the Presidential Palace in the capital, Hanoi. During the meeting, Al Matrooshi conveyed to the President of Vietnam the greetings ...

DUBAI / WAM Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, on Wednesday announced its results for the period ending on March 31. The bank’s net profit came in at AED 1.506 billion, up 12 percent year-on-year (YoY) compared to AED1.345 billion, a growth was driven by rising core revenues and effective cost management. Net financing and ...

LATAKIA / WAM The Emirates Red Crescent (ERC) team in Latakia Governorate are distributing Eid clothes sets among  60 orphans in the governorate who’ve lost their parents in the February 6 earthquake as part of  the“Operation Gallant Knight/2”, initiated by the Ministry of Defence’s Joint Operations Command. Mohamed Khamis Al-Kaabi, the head of the ERC team, said the UAE humanitarian ...

BLOOMBERG Greenpeace said it’s suing the European Union’s (EU) executive over its decision to grant some gas and nuclear power stations a “fake” green label under EU sustainable finance rules. Four other environmental groups — Transport & Environment, WWF, ClientEarth and BUND — are also objecting to the inclusion of gas in the EU’s so-called taxonomy. “Polluters are already using ...

BLOOMBERG EasyJet Plc raised its earnings target for a second time this year amid strong bookings into the crucial summer period and robust demand during the Easter vacation. The discount specialist now expects to beat revised market expectations that foresee a pretax profit of £260 million this year, according to a statement. That’s up from a previous goal of beating ...

BLOOMBERG Boeing Co is moving ahead with plans to hike output of its cash-cow 737 jetliner while dealing with the ripple effects from a new production flaw uncovered by one of its largest suppliers. The US planemaker isn’t altering the schedule for its 737 suppliers, including rate increases, Chief Executive Officer Dave Calhoun said at a virtual gathering of shareholders. ...

BLOOMBERG Eagle-eyed travellers snapped up heavily discounted tickets in the fanciest cabins on All Nippon Airways (ANA) after a currency conversion blunder, with one paying just $890 for flights in first class all the way from Jakarta to the Caribbean via Tokyo and New York, and back again. That 9,000-mile journey would typically cost nearly 20 times as much in ...