RAS AL KHAIMAH / WAM Ras Al Khaimah Economic Zone (Rakez) reported a remarkable surge in the registration of holding companies since introducing this company structure in 2020. The consistent rise in registrations highlights the growing appeal of this innovative investment vehicle, as the total number of holding companies rose by 35% to 329 in the first eight months of ...

HAVANA / WAM Hazza Ahmed Al Kaabi has presented a copy of his credentials as the UAE Ambassador Extraordinary and Plenipotentiary to Cuba to Anayansi Rodríguez Camejo, Deputy Minister of Foreign Affairs of Cuba, at the ministry’s headquarters in the capital, Havana. Camejo wished Al Kaabi success in his work to strengthen bilateral relations across different fields between the two ...

ABU DHABI / WAM The second edition of Abu Dhabi Finance Week (ADFW) which is set to run from November 27-30 unveiled thought-provoking details on its theme of ‘Investing in the Transition Era’, building on the successes and strong foundation positioned by its breakout edition. Held under the patronage of HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown ...

ABU DHABI / WAM The COP28 UAE Presidency on Tuesday is using the occasion of being 100 days away from the world’s largest annual climate summit, COP28, to call on the world to come to the UAE ready to make transformational and practical progress towards addressing the climate crisis. COP28 will feature the first Global Stocktake to measure progress against ...

LATAKIA / WAM A delegation from the Emirates Red Crescent (ERC), led by Hamoud Abdullah Al Junaibi, Acting Secretary-General of the ERC, was briefed about the latest developments in the maintenance and rehabilitation of  several schools in the Syrian governorate of Latakia. The visit is part of the “My School is My Identity” initiative launched by the ERC to facilitate ...

ABU DHABI / WAM Edge Group entity, Caracal, is making its 16th appearance at the Abu Dhabi International Hunting and Equestrian Exhibition (Adihex 2023), as the UAE’s premier producer of high-performance pistols, sub-machine guns, rifles, and sniper rifles. At the 20th edition of the event, which runs from September 2-8 at the Abu Dhabi National Exhibition Centre (Adnec), Caracal will ...

BLOOMBERG American Airlines Group pilots approved a new contract that would provide 46% in cumulative pay raises and retirement contributions over its four-year term, along with a bonus, improved scheduling, sick leave and insurance benefits. The pact will add about $9.6 billion in incremental costs for the airline over its duration, the Allied Pilots Association said in a statement. That ...

BLOOMBERG North Korea’s state airline made its first international trip since the start of the Covid pandemic, in a sign of easing border restrictions that could repatriate its stranded nationals abroad and increase trade with its powerful neighbour. Flight data indicates than an Air Koryo passenger jet flew from Pyongyang to Beijing  on Tuesday, which would be the first such ...

NEW DELHI / WAM India will build nine new “greenfield” airports to meet the steep rise in domestic and international air passenger traffic. In addition, 41 existing airports in India are being upgraded with state-of-the-art infrastructure and new facilities at a cost of about $12 billion. The high capital expenditure plan for upgrading existing airports with heavy traffic is being ...

DUBAI / WAM Dubai International (DXB) has announced a significant milestone in its recovery with passenger traffic for the first half of the year surpassing 2019 levels. The world’s busiest international hub welcomed 41.6m guests in H1, just over 100%, compared to the traffic recorded during the first six months of 2019. DXB registered a robust performance throughout the second ...