Abu Dhabi / WAM The General Pension and Social Security Authority (GPSSA) announced on Thursday that pensions for May are due to be disbursed on Friday. This month’s pensions amount to AED646,085,610.82, which is an increase of AED59,468,297.02 in comparison to May 2021, during which the value of pensions amounted to AED586,617,313.80, the UAE pension authority explained. GPSSA explained ...

  Abu Dhabi / WAM Emirates Global Aluminium (EGA) on Thursday announced a collaboration with the American University of Sharjah’ (AUS) College of Engineering to research the economic and environmental benefits of re-using food waste to enrich manufactured soils made from bauxite residue, and further applications in waste-to-energy. The AED1.6 million three-year research project is the second phase of EGA’s ...

Dubai / WAM Dubai Electricity and Water Authority (Dewa) has won three Global Excellence Assembly Awards 2022. These are the Excellence in Innovation Award, the Business Innovation Award, and the Outstanding Customer Service Award. Dewa is the first entity to win three awards in the same cycle based on the Baldrige Excellence Framework criteria, the highest level of recognition for ...

The only thing India can possibly do during this year’s global food crisis is to not make it any worse for its own poor. As the cost of basic nutrition balloons everywhere, the second-most-populous nation’s best bet is to fall back on its extensive system of state procurement and public distribution to soften the blow. But, around mid-April, Prime Minister ...

“Never the same again” was the name Marks & Spencer Group Plc gave to its effort to transform in the wake of Covid-19. But perhaps “Never had it so good” would have been more apt. As the high-street bellwether emerged from the pandemic, it benefited from consumers’ pent-up demand and the failure of a raft of rivals. Add in shoppers’ ...

  Stock-pickers are used to the concept of “value traps.” Many a stock that looks cheap turns out to be cheap for good reason. Fewer column inches have been devoted to “growth traps” — companies whose growth entices you in, only to disappoint. But that is changing in the month of May. The month has seen the US stock market ...

  Before the House of Commons debate over Sue Gray’s long-awaited Partygate report was even close to being concluded, the Tory benches in Parliament had half-emptied out — like at a one-sided football match. But that doesn’t mean Partygate is over for Boris Johnson or his MPs. Two things ensure that Partygate sticks to Johnson like a red-wine stain. The ...

Bloomberg Qantas Airways Ltd’s pilots union has warned of looming risks to flight safety — from crew fatigue to looser landing rules in Australia — as a travel rebound stretches an industry still fragile from the pandemic. With domestic travel restrictions eased, passenger demand in Australia exceeds 2019 levels and Qantas and smaller rival Virgin Australia are ordering new planes ...

  Hanoi / WAM All airline members of Vietnam Airlines Group, Vietnam Airlines, Pacific Airlines and VASO, will offer more than 7.1 million seats on both domestic and international routes during the peak summer travel season. According to Vietnam News Agency (VNA), it is estimated that a total of over 36,000 flights will be made available for summer travellers from ...

  Bloomberg IndiGo, India’s biggest airline, slipped back into a loss in its latest quarter as the omicron-led virus wave in the country curbed air travel. Fuel-related expenses also rose sharply. The carrier, operated by InterGlobe Aviation Ltd, posted a loss of 16.8 billion rupees ($216.7 million) in the three months through March, according to an exchange filing. The average ...