DUBAI / WAM Dubai parks witnessed a huge turnout from families during the Eid Al Fitr holidays. The parks received more than a quarter of a million visitors, which is an increase of 76.38% over the same period last year. Al Mamzar Park received the largest share of visits. The parks had opened their doors to receive families and ...

  DUBAI / WAM Emirates and the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), on Wednesday signed a memorandum of understanding (MoU) to boost tourist numbers across the airline’s global network. The new partnership is part of the airline’s commitment to promote tourism to the UAE by aligning activities with other tourism partners and capitalising on ...

  ABU DHABI / WAM Waha Capital has reported a 32% year-on-year increase in first quarter net profit, driven by robust returns from its public markets business and the strong performance of its Waha Mena equity fund. The company recorded a net profit of AED147 million in the first three months of 2022, compared to AED111 million in the same ...

Bloomberg German utility Uniper SE is confident its next payment for Russian natural gas will comply with Kremlin demands without violating sanctions, in the latest sign that European companies and their Russian supplier are finding ways to keep the gas flowing. Uniper, one of Europe’s biggest buyers of the fuel from Russia, will pay in euros when its next bill ...

Debates among German intellectuals are usually so vapid, pretentious and painful to behold that I hesitate to wish the experience even on my worst enemies. But I’m making an exception for a phenomenon I’ll call the War of Open Letters. This ongoing philosophical conflict is about the brutal attack by Russian President Vladimir Putin on Ukraine, and the appropriate reaction ...

Nine out of 10 central banks are exploring electronic versions of physical cash, according to the Bank for International Settlements’ 2021 survey of monetary authorities released this month. Nearly everyone, it seems, is convinced that the future of money is digital. While that might be right, does every country need to be on the bandwagon just yet? Not really. Whether ...

  It’s time to mark cards for what has become the single most important data release for global markets: the US consumer price inflation data. This one is consequential, although perhaps not as important as it feels at present. The virtually universal expectation is that the headline annual CPI number will fall compared to the previous month, for the first ...

  Congress still hasn’t approved supplemental funding for Covid-19 vaccines, booster shots, treatments, tests and scientific work in a bill it’s been sitting on for months. Democrats have the tools to make it happen, but they aren’t using them. Republicans are filibustering against the bill in the Senate, holding the spending hostage in an attempt to get their way on ...

  Bloomberg Boeing Co said customers for its much delayed 777X jet are standing by orders for the wide-body model even after it was revealed that the program has slipped five years behind schedule. While Boeing has held talks to update buyers, feedback so far has stopped short of moves to walk away from the 777X, Darren Hulst, the manufacturer’s ...

  Bloomberg Saudi Arabian discount airline Flynas agreed so-called sale-leaseback deals that will fund the purchase of 14 Airbus SE narrow-body jets. The accords with leasing firms CDB Aviation, CMB Financial Leasing and Avolon Holdings Ltd cover part of a Flynas order for 120 Airbus A320neo aircraft, the carrier said in a statement. It said the planes have a value ...