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Arab Parliament President congratulates UAE on success of AlNeyadi’s space mission

CAIRO / WAM Adel bin AbdulRahman Alasoomi, President of the Arab Parliament (AP), has congratulated the UAE on the success of astronaut Sultan AlNeyadi’s space mission and his safe return to earth from the International Space Station (ISS), marking the longest Arab space mission in history, which lasted all of six months. Alasoomi commended what AlNeyadi and UAE work teams ...

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Abu Dhabi City Municipality launches two initiatives for start of academic year

ABU DHABI / WAM The Abu Dhabi City Municipality has rolled out the “Back to School” and “My School Bag” initiatives in collaboration with Madinat Zayed Municipality Centre. These initiatives underpin the municipality’s dedication to fostering cooperative relationships across various sectors. With partnerships from Al Ittihad Private School, Sharjah American School, and Rabdan School, the “Back to School” initiative welcomed ...

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Sharjah-based TBHF opens nominations for SIARA 2024

SHARJAH / WAM The Sharjah International Award for Refugee Advocacy and Support (SIARA) has opened nominations for its 8th annual edition, calling on humanitarian changemakers in the Middle East, Asia, Africa and beyond to participate in one of the world’s leading honours presented to NGOs whose exemplary efforts have significantly improved the lives of refugees and internally displaced people. Nominations ...

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Foreign funds reverse $17bn record exodus in India stocks

BLOOMBERG Foreign funds reversed their record exodus from Indian stocks as the country’s appeal as an alternative to China grows, boosting valuations for its equity market to a new peak. Global investors bought $17.2 billion of shares in the South Asian nation on a net basis this year through September 1, which more than made up for their retreat in ...

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Stocks retreat on dismal data in China and Europe

BLOOMBERG European stocks retreated after a fresh set of downbeat economic data from the euro area and China, while the single currency sank to a nearly three-month low against the dollar. The Stoxx 600 dropped as much as 0.8%, edging lower for the fifth day, while US equity futures also retreated. The dollar strengthened as much as 0.5% against its ...

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IndiGo to set up aircraft leasing unit, order 10 more A320neos

BLOOMBERG IndiGo is setting up an aircraft-leasing subsidiary in the western Indian state of Gujarat, following a similar move by Air India as the country’s two biggest carriers enlarge their fleets. The budget airline, which has a market share of 63% in India, also plans to order 10 additional Airbus SE A320neo aircraft, expanding a 300-jet deal inked in 2019, ...

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Europe’s airlines offer discounts amid travel slowdown

BLOOMBERG Airlines across Europe have begun discounting their tickets as the peak summer travel season gives way to the traditionally slower months of more subdued bookings. Discounter EasyJet Plc said that it’s offering 20% off on more than 1.7 million seats for flights from mid-September to the end of March. British Airways launched an end-of-summer sale on the same day ...

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Superdry sinks to $27.5 million loss as turnaround flounders

BLOOMBERG Superdry Plc swung to an annual loss and expects no revenue growth in the current year as the fashion retailer struggles to compete with other clothing brands during the UK’s cost-of-living crisis. The company, known for its logo-printed T-shirts and bright colours, reported a pretax loss of £21.7 million ($27.5 million) for the full year, compared with a profit ...

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