BLOOMBERG Airbus SE expects the Pacific region — Australia, New Zealand and neighbouring nations — to take delivery of 920 planes in the next 20 years, underscoring a fast revival in travel following the pandemic. The demand includes about 750 single-aisle jets, like the best-selling A320 family of aircraft, and about 170 bigger planes, Airbus said in a statement. More ...

BLOOMBERG Britain’s supermarkets are hoping common courtesy can help them avoid free-for-alls in the fresh fruit and vegetable aisles. Moves by Tesco Plc, Asda, Aldi and Morrisons to limit purchases of tomatoes, cucumbers and peppers showed that the grocers are willing to invoke the spirit of the pandemic and ration goods if necessary to protect supplies. Grocers want to be ...

BLOOMBERG Most Adani group stocks fell as the embattled Indian conglomerate kicked off a charm offensive with fixed-income investors in Asia, its latest effort to stem the fallout from a short-seller’s attack. All of the group’s 10 stocks dropped, led by a 10% plunge in flagship Adani Enterprises Ltd., taking its market value wipeout to about $154 billion since Hindenburg ...

BLOOMBERG European stocks and US equity futures markets pushed higher early on Monday, following Wall Street’s worst week since December that saw traders come to terms with central bank policy that may remain restrictive for longer than thought on both sides of the Atlantic. The Stoxx 600 Index rose more than 1%, with technology firms and retailers pacing gains and ...

SHARJAH / WAM  Sharjah Economic Development Department (Sedd) released the results of Sharjah’s commercial and economic activities report during 2022, where 64,089 licences were issued and renewed in the past year, with a growth rate of six percent over 2021. This report included 7,615 new licences issued and 56,474 renewed. The department reviewed the results and the main developments and ...

ABU DHABI / WAM The 15th session of the joint UAE-Algeria Economic Committee has been held in Abu Dhabi under the chairmanship of Abdullah bin Touq Al Marri, Minister of Economy, and Algerian Minister of Industry, Ahmed Zaghdar, in the presence of Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade. “The late Sheikh Zayed bin Sultan ...

AMMAN / WAM    Companies from the UAE, Egypt, Jordan and Bahrain signed industrial agreements with an investment value exceeding $2 billion at the third Higher Committee meeting of the Industrial Partnership for Sustainable Economic Development. The meeting kicked off in Amman on Sunday in the presence of Dr Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology ...

ABU DHABI / GULF TIME The first round of the UAE MotorSurf Championship, which was organised by Abu Dhabi Marine Sports Club on Saturday at Abu Dhabi breakwater, saw a great technical success considering the number of competitors that participated in the four categories of the championship. The first round recorded 24 participations. The Czech Republic’s Matias Novotny and Eliska ...

KOPIKO, INDONESIA / GULF TIME Sheikh Mohammed bin Sultan bin Khalifa Al Nahyan, President of the UAE Marine Sports Federation and Chairman of the Board of Directors of the Abu Dhabi Marine Sports Club, met the Emirati teams participating in the first round of Formula 1 World Championship, held in the city of Kopiko on Lake Toba, Indonesia. Sheikh Mohammed ...

DUBAI / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of Dubai Executive Council, First Vice President of the Dubai Council, and Chairman of the Higher Committee for Development and Citizens Affairs, has launched the ‘Emirati’ initiative, a comprehensive single-window platform exclusively designed to offer UAE citizens all the city services they need ...