ABU DHABI / WAM Mohammed Saif Al Suwaidi, Director-General of the Abu Dhabi Fund for Development (ADFD), has received at the fund’s headquarters in Abu Dhabi Shaukat Ali Soudhan, Ambassador of Mauritius to the UAE. Khalifa Abdullah Al Qubaisi, Deputy Director-General of ADFD; and other senior officials from both sides were present at the meeting. The parties discussed bilateral ...

  ABU DHABI / WAM Etihad Airways will launch a seasonal twice-per-week service to Crete, the largest island in Greece, starting June 15. The flights are set to be operated on an Airbus A320 aircraft and will connect Abu Dhabi to the main city of Heraklion. Lying in the Aegean Sea, Crete offers travellers a rich tapestry of spectacular landscapes, ...

  Dubai / WAM Dubai International (DXB) continues to be the world’s busiest airport by international passenger numbers for the eighth consecutive year after clocking 29.1 million in annual traffic in 2021. DXB’s annual traffic exceeded forecasts for the year by more than half a million passengers, on the back of a strong last quarter. Paul Griffiths, CEO of Dubai ...

  ABU DHABI / WAM Edge Group, an advanced technology group for defence and beyond and one of the top 25 defence contractors globally, has unveiled the 7IS Remote Control Weapon Station (RCWS) at the Unmanned Systems Exhibition and Conference (Umex) 2022, taking place at the Abu Dhabi National Exhibition Centre (Adnec) from February 21-23. The 7IS is a two-axis, ...

  ABU DHABI / WAM Emirates Water and Electricity Company (Ewec), a leading company in the integrated coordination of planning, purchasing and supplying of water and electricity across the UAE, announced it will host the third auction for Clean Energy Certificates (CECs) in Abu Dhabi, on March 14, following two successful auctions last year. CECs enable Abu Dhabi entities to ...

  Dubai / WAM Dubai International Marine Club, the government body responsible for marine sports in Dubai, and P&O Marinas, DP World’s portfolio of world-class luxury marinas and picturesque harbours, have signed a cooperation agreement to enhance the strategic partnership and coordinate efforts to develop watersports activities and events. The agreement was signed at the P&O Marinas headquarters in Mina ...

DUBAI / WAM Buoyed by global crowd-pleasers such as Coldplay at Al Wasl Plaza last week, Expo 2020 Dubai is on target to hit the 15 million total visit mark later this week. And with many more headline-grabbing names still to be announced over the coming weeks, those numbers are set to accelerate further, organisers said. As of February 21, ...

Inflation is getting a free pass in India. Policy makers seem to believe that by not raising interest rates and letting prices bubble up for a bit they will encourage investment and employment and boost post-pandemic growth. In reality, however, the connection between output, jobs and prices may be more complex. Ignoring inflation may just allow it to bite. India’s ...

We’re all finally going on a summer holiday. That’s the hope anyway. Evidence of a recovery in leisure travel is mounting, but we’ve been here several times before. There is still a risk that our wanderlust is curbed by the emergence of a new variant, an escalation of tensions in Ukraine or a surge in living costs. For now, though, ...

  For years, hedge fund managers were the undisputed masters of the universe. They influenced the fortunes not just of companies and markets but countries too. No more. They have been usurped at the top of the financial food chain by a new breed of market savant. Nowhere is the power shift more apparent than in South Korea. When Korea ...