Abu Dhabi / WAM Alpha Dhabi Holding and Mubadala Investment Company on Thursday announced the formation of a joint venture (JV) to co-invest in credit opportunities. Alpha Dhabi and Mubadala aim to collectively deploy up to AED9 billion (approximately $2.5 billion) over the next five years, leveraging Mubadala’s long-term and strategic partnership with Apollo, one of the world’s largest ...

  Sharjah / WAM Nama Women Advancement (Nama), dedicated to supporting and empowering women and girls, is celebrating six years of striving to help the next generation reach their full potential. With a strong focus on uplifting and supporting women, Nama has established a distinctive presence in its efforts to empower and advocate for gender equality. Nama has provided social, ...

  Dubai / Gulf Time Mohammed Saeed Al Marzouki, Acting CEO of Hala China, thanked the embassy of the People’s Republic of China in the UAE, and Consulate General of China in Dubai for co-hosting the 2023 “Happy Chinese New Year” Grand Parade Conference, which is now just 10 days away, and inviting Hala China to be one of the ...

  Abu Dhabi / WAM Etihad Airways is boosting its flights to Bangkok, Thailand by doubling its frequency. From March 26, the airline will fly twice a day on the Abu Dhabi – Bangkok route, providing a total of 14 weekly nonstop services to Bangkok Airport (BKK). The flights will offer Etihad’s award-winning service and comfort across both Business and ...

Dubai / WAM Emirates Global Aluminium (EGA) on Thursday announced the company’s programmes to inspire young people’s interest in science, technology, engineering, and mathematics (STEM), reached more than 6,000 students in 2022. Science, technology, engineering, and mathematics experts are essential for achieving the goals of the UAE’s Operation 300bn industrial growth strategy and UAE Centennial 2071. EGA employs some 1,500 ...

Bloomberg Amazon.com is laying off more than 18,000 employees — the biggest reduction in its history — in the latest sign that a tech-industry slump is deepening. Chief Executive Officer Andy Jassy announced the cuts, which represent about 1% of Amazon’s employees, in a memo to staff, saying it followed the company’s annual planning process. The eliminations began last year ...

Bloomberg Airbus SE Chief Executive Officer Guillaume Faury said supply-chain issues will continue to hold back the aerospace industry this year amid continued strong demand. Speaking at an event of the French aerospace lobby Gifas — which Faury also heads — the CEO said the industry faces a shortage both of parts and qualified employees. Airbus was twice forced to ...

Bloomberg Ryanair Holdings Plc, Europe’s biggest discount airline, raised its profit target for the year through March following stronger-than-expected sales during the Christmas travel period. Annual earnings will be as high as €1.425 billion, compared with a previous target of as much as €1.2 billion, the Irish carrier said in a statement after markets closed. Profit in the fiscal third ...

  Bloomberg Wilko has secured a £40 million ($48 million) credit facility from Hilco Capital Ltd to help the UK household and garden retailer weather the cost-of-living crisis. The two-year facility is in addition to £48 million Wilko recently received from the sale and leaseback of its distribution centre, according to an emailed statement. The privately-held 92-year-old business is also ...

  Bloomberg Cathay Pacific Airways Ltd will more than double its flights to mainland China to 61 return services a week from January 14 following the easing of Covid travel restrictions. Cathay aims to operate over 100 return flights a week by March, it said in a statement. The airline currently operates 27 flights a week from Hong Kong to ...