ABU DHABI / WAM Abu Dhabi University (ADU) honoured the winners of the  seventh “Arts for Autism” Competition, organised by ADU’s College of Arts and Sciences in collaboration with the Emirates Autism Society, the Ministry of Education, and the Abu Dhabi Music and Arts Foundation. The competition received over 160 art pieces from students across the UAE, with no specific ...

ABU DHABI / WAM Saif Mohammed Al Suwaidi, Director-General of the General Civil Aviation Authority (GCAA), has announced that the number of passengers travelling through the country’s airports during the first quarter of 2023 increased by 56.3% compared to the same period in 2022. This increase indicates the success of the aviation sector in restoring pre-Covid-19 passenger traffic levels. In ...

DUBAI / WAM  His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, directed the dispatch of urgent humanitarian aid to the brotherly Sudanese displaced citizens affected by the recent conflict in their country. His Highness Sheikh Mohammed bin Rashid affirmed that the UAE is always keen to support its ...

BLOOMBERG American Airlines Group Inc and its pilots union are close to reaching an agreement on a new contract after weeks of focussed negotiations. The two sides could have a tentative agreement by the end of this month, said a person familiar with the talks who asked not to be named discussing a private matter. Negotiations will continue even as ...

BLOOMBERG Japan Airlines Co will introduce three new cargo planes for the first time in more than a decade, seeking to diversify revenue by tapping into global and local consumer demand  fueled by e-commerce and parcel delivery. Three new Boeing Co 767-300ER dedicated cargo aircraft will operate starting this fiscal year, which ends in March 2024, the company said in ...

BLOOMBERG Qatar Airways forecast robust travel demand for the rest of the year and said it would look to add more routes, depending on how fast it gets new Airbus SE and Boeing Co jets. The Doha-based carrier has seen leisure and business demand surge after travel restrictions were eased — in line with global industry trends — but continues ...

BLOOMBERG Australia’s central bank signalled further policy tightening ahead after unexpectedly raising interest rates by a quarter-percentage point on Tuesday, sending the currency and bond yields surging. The Reserve Bank of Australia (RBA) increased its cash rate to 3.85%, the highest level since April 2012, in a decision predicted by only nine of 30 economists. Money markets rapidly revised up ...

BLOOMBERG Morgan Stanley is preparing a fresh round of job cuts amid a renewed focus on expenses as recession fears delay a rebound in dealmaking. Senior managers are discussing plans to eliminate about 3,000 jobs from the global workforce by the end of this quarter. That would amount to roughly 5% of staff excluding financial advisers and personnel supporting them ...

BLOOMBERG Banks in the euro zone curbed lending more than anticipated after borrowing costs jumped and turmoil gripped the financial sector, reinforcing calls for the European Central Bank (ECB) to slow the pace of its interest-rate hikes. Credit standards “tightened further substantially” in the first quarter, according to the ECB’s Bank Lending Survey. “The tightening for loans to firms and ...

ABU DHABI / WAM The UAE continues its pioneering efforts to combat climate change through various institutions that have implemented diverse initiatives to reduce greenhouse gas emissions, increasing investment in clean energy, and launching various projects in the renewable energy sector.In this report, the Emirates News Agency (WAM) will highlight the efforts of the Environment Agency — Abu Dhabi (EAD) ...