BLOOMBERG Hong Kong’s newest carrier Greater Bay Airlines Co ordered 15 Boeing Co 737-9 Max jets and committed to five 787s as it looks to rapidly expand its network. The Max order is worth around $785 million, according to figures from aircraft appraiser Avitas Inc, while the five Dreamliners are worth $722 million, based on the 787-9 model and factoring ...

BLOOMBERG Amazon.com Inc is pausing construction on its sprawling second headquarters near Washington, a decision that coincides with the company’s deepest ever job cuts and a reassessment of office needs to account for remote work. John Schoettler, Amazon’s real estate chief, confirmed the pause in a statement to Bloomberg News. Schoettler said the company remains committed to Arlington, Virginia, where ...

BLOOMBERG Two of Europe’s most venerable names in the car industry, Porsche and Ferrari, are surfacing in an European Union (EU) debate about a plan to kill the combustion engine — and they’re changing the conversation. The luxury sports-car makers are seeking a carve-out for synthetic electro-fuels, or e-fuels, from the EU’s planned 2035 ban on new internal combustion engine ...

BLOOMBERG Apple Inc partner Foxconn Technology Group plans to invest about $700 million on a new plant in India to ramp up local production, underscoring an accelerating shift of manufacturing away from Beijing as US-China tensions grow. The Taiwanese company, also known for its flagship unit Hon Hai Precision Industry Co., plans to build the plant to make iPhone parts ...

BLOOMBERG Google’s YouTube will incorporate new generative artificial intelligence (AI) features into its video-sharing platform, as the internet giant hastens to keep up with artificial intelligence rivals such as OpenAI Inc. and Microsoft Corp. — both of which have rolled out their own consumer-friendly products such as AI chatbots and image-creating services. “The power of AI is just beginning to ...

DUBAI / GULF TIME The Emirati company, Carter & White, participated in the “Dubai International Boat Show 2023,” at Dubai Harbour, which concluded on March 5. Marwan bin Yousef Al Serkal, founder and CEO of Carter & White, expressed his pride in participating in the exhibition, pointing out that Dubai has strengthened its position as a regional and global destination ...

ABU DHABI / WAM e& enterprise, part of e& (formerly known as Etisalat Group) on Friday announced the implementation of a unique Microsoft solution powered by cutting-edge data technologies that enables companies of any size to define and implement their sustainability agenda and reduce their carbon emissions. The solution called ‘Microsoft Sustainability Manager’ is an extensible solution that unifies data ...

ABU DHABI / WAM Alpha Dhabi Holding PJSC (Alpha Dhabi or the Group), listed on the Abu Dhabi Securities Exchange, has reported its financial results for the full year period ending on December 31, 2022, and the numbers are impressive. In 2022, Alpha Dhabi achieved a net profit of AED 10.6 billion, a staggering increase of 104% year-on-year from AED ...

ABU DHABI / WAM During a virtual summit, President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Recep Tayyip Erdogan, President of the Republic of Türkiye, witnessed the signing of a Comprehensive Economic Partnership Agreement (Cepa) between the UAE and the Republic of Türkiye. Abdulla bin Touq Al Marri, UAE Minister of the Economy, and Mehmet Muş, the Turkish ...

ABU DHABI / WAM The Department of Municipalities and Transport (DMT) has revealed that the UAE capital’s real estate market recorded 19,033 transactions, reaching a total value of AED77.6 billion in 2022. As per the Department’s reports, the emirate’s real estate sector recorded 9,010 sales transactions worth AED23.5 billion and 10,023 mortgage transactions worth AED54.1 billion Yas Island topped the ...