RAS AL KHAIMAH / WAM His Highness Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, received at his rest-house in Jebel Jais, HH Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, who was accompanied by HH Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman, on Tuesday. ...

DUBAI / WAM Dubai Duty Free announced its contribution of AED 20 million towards the “1 Billion Meals Endowment” campaign, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to coincide with the advent Holy Month of Ramadan. The campaign aims to see the largest Ramadan food aid endowment fund established ...

BLOOMBERG A year and a half ago, China’s CATL put on a flashy event to make an announcement significant enough that Zeng Yuqun, the founder and chairman of the world’s biggest battery maker, served as emcee. Zeng, who had just passed up Alibaba’s Jack Ma in the Bloomberg Billionaires Index, revealed that CATL was working on battery packs that would ...

BLOOMBERG Greece will put forward a plan to overhaul the European Union’s (EU) electricity grids in order to lay foundations for a massive rollout of renewable power. The country wants to boost so-called north-south corridors so that areas with high levels of wind power generation are better connected with those that produce solar electricity, according to a non-paper seen by ...

BLOOMBERG  Amazon.com Inc is laying off an additional 9,000 employees, adding to cuts that were already the largest round of firings in the company’s history. CEO Andy Jassy announced the cuts internally, saying they would occur in the coming weeks and primarily affect Amazon Web Services, human resources, advertising and the Twitch livestreaming service groups. “Given the uncertain economy in ...

BLOOMBERG  Foot Locker Inc’s new chief executive officer has unveiled a turnaround plan for the shoe retailer that hopes to break $9.5 billion in annual sales by 2026. Mary Dillon, who took the top job in September, and her senior executives told investors and analysts in a presentation that they will open new store formats away from shopping malls, push ...

BLOOMBERG  Nestle SA said a third of its sales missed an independent definition of healthy as it applied a nutritional rating test across its portfolio. The finding shows that Nestle has room to improve as it aims to be the top health and wellness food company. Nestle said that according to the Health Star Rating (HSR) system, 30% of the ...

BLOOMBERG  Air India Ltd is in talks with banks to help fund its recently announced record aircraft order, benefitting from the support of new owner Tata Sons Ltd, the carrier’s chief executive officer said. “We have the backing of Tata Sons, so there is financing available for these aircraft,” CEO Campbell Wilson said in an interview with Bloomberg News on ...

ABU DHABI / GULF TIME The National Library and Archives (NLA) announced the completion of the necessary preparations for hosting the International Council Congress (ICA) 2023 in Abu Dhabi on October 9-13 at the first meeting of the organising committee for the major archival event, which announced the activities of the conference and exhibition at Abu Dhabi National Exhibition Centre ...

LATAKIA / WAM The Emirates Red Crescent (ERC) distributed around 1,500 school bags and stationery to Syrian students in the Latakia Governorate, one of the areas affected by the recent earthquake that hit the country. The aid is the first phase of an initiative to distribute more than 10,000 school bags and stationery to several Syrian governorates. It is part ...