ABU DHABI / WAM International Holding Company (IHC) subsidiary, Alpha Dhabi Holding PJSC (Alpha Dhabi), one of the fast-growing investments holding companies in the Middle East, and a leading real estate and construction companies in the UAE, has completed a direct listing of the company on the Abu Dhabi Securities Exchange (ADX). Trading of its shares commenced on Sunday under ...

As the European Union’s leaders gather in Brussels to take stock of the bloc’s response to the Covid-19 pandemic, the feel-good narrative is gathering steam. The shambolic start to vaccine distribution is a distant memory, with about half the EU’s population having received at least one dose. Cafes, restaurants and retailers are filling up again in Paris, Berlin and Rome ...

How will we know if inflation is making a comeback? Most economists are focused on the price of commodities, wages, and other basic goods and services. But history suggests they might want to keep an eye on a related phenomenon that often escapes notice: so-called “shrinkflation.” This practice became increasingly common in the 1960s and 1970s, when manufacturers confronting runaway ...

A company’s reputation is to all intents largely perception — but to get it to a better place, the reality has to be somewhat altered. No major bank’s reputation this year has suffered more this year than Credit Suisse Group AG. Incoming chair Antonio Horta-Osorio is tasked with restoring the Swiss institution to its former poise. But he doesn’t actually ...

A Black ex-cop who takes a strident tone against rising gun violence is likely to be the next mayor of New York City. As unlikely as this may seem to outsiders, especially after a year of protests over police killings of Black men, the success of Eric Adams should not come as a surprise. That’s because Black voters in the ...

Bloomberg United Airlines Holdings Inc is poised to buy more than 200 Airbus SE and Boeing Co jetliners, one of the largest purchases in its history, as the US carrier revamps its single-aisle fleet with more efficient planes, according to people familiar with the plans. While terms are still being finalised and the order size is in flux, the total ...

Bloomberg Samokat, Russia’s biggest instant grocery-delivery service by orders, is aiming to be the first of its peers to take a share of the booming US market. The founders of the St Petersburg-based company are launching the service, to be called Buyk, in August in New York. They are targeting 10,000 orders a month there by year-end. “We understand that ...

Bloomberg France’s Safran SA is considering building an engine-repair facility in India, after winning its biggest-ever turbine deal last month with joint venture partner General Electric Co. The project would be aimed at customers of the venture, CFM International, which was selected by IndiGo, the nation’s top airline, to supply engines for 310 new Airbus SE A320-family aircraft. A final ...

Bloomberg Icelandic startup Play Air Hf reported strong bookings for the coming weeks as it started operations with a flight to London Stansted airport. Sales for the latter part of July and August are particularly healthy, fuelled by demand from locals eager to head south for a vacation after more than a year of coronavirus lockdowns, according to CEO Birgir ...

Bloomberg British online food retailer Ocado Group Plc has settled its bitter legal fight with one of its co-founders, after he obtained confidential information to help set up a rival business. Ocado sued Jonathan Faiman as well as his business partner Jon Hillary, who also previously worked for the company, and their business Project Today Holdings Ltd for breach of ...