Dubai / WAM DP World Logistics opened a new 6,000 square metre high-end warehouse at container freight station 2 (CFS 2), offering new storage solutions for customers at the Jebel Ali Free Zone (Jafza). The company’s CFS 2 warehouse offers a total of 12,500 pallet positions using very narrow aisle (VNA) racking systems, storing cargo up to 18 metres high. ...

  Cairo / WAM Abdul Rahman Abdul Shakour, Special Envoy of the Somali President for Humanitarian Affairs and Drought, praised the support provided by the UAE under the leadership of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, to those affected by the drought in Somalia. He commended the UAE’s continuous provision of supplies to various Somali states, including ...

  Abu Dhabi / WAM The central bank of the UAE (CBUAE) imposed a financial sanction on an exchange house operating in the UAE, pursuant to Article 14 of the Federal Decree Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organisations, and Article 137 of the Decretal Federal Law No. ...

  Dubai / Gulf Time Customers based in the UAE can now enjoy fast delivery on their shopping from the UK with Emirates Delivers. Emirates Delivers, the e-commerce platform of Emirates SkyCargo, enables customers to shop from multiple online retailers in the UK, consolidate their purchases, and have the goods delivered directly to their door. Thousands of UAE-based shoppers have ...

  Abu Dhabi / WAM Etihad Airways has won the “Environmental Sustainability Innovation of the Year” award at CAPA’s annual Environmental Sustainability Awards for Excellence in Singapore, as well as the“Best Airline for Sustainability 2022” award by Business Traveler USA. Etihad’s sustainability initiatives focus on creating operational efficiencies, as the airline quickly went on to unite industry leaders and build ...

  Bloomberg Almost a year has passed since India’s biggest conglomerate bought Air India Ltd, promising to turn it into a world-class airline. Reviving the carrier and winning over passengers won’t be easy. A run of 15 years without profit has taken its toll. While Air India remains a high-profile operator in one of the world’s biggest aviation markets, customer ...

  Bloomberg China’s biggest athletic-apparel producer Anta Sports Products Ltd is considering an initial public offering of Amer Sports, according to people familiar with the matter. Anta and its co-investors in the Wilson tennis racket maker are holding preliminary talks with investment banks for an IPO that could raise about $1 billion or more, the people said. The group, which ...

  Bloomberg Airbus SE abandoned its delivery target for this year after supply-chain disruptions ripping through the industry proved too severe to overcome for the world’s biggest planemaker. The European manufacturer moved away from a goal to hand over 700 planes, while saying that it won’t fall “materially short” of the guidance. As of the end of November, Airbus had ...

  Bloomberg Italian fashion house Prada SpA named Andrea Guerra as its new chief executive officer, stepping into the role held by the husband-and-wife duo of Patrizio Bertelli and Miuccia Prada. Guerra, 57, is a former CEO of eyewear giant Luxottica and Italian food specialist Eataly and most recently was the head of LVMH Moet Hennessy Louis Vuitton SE’s hospitality ...

  Bloomberg A must-pass defense bill in Congress excludes a measure to give Boeing Co a reprieve by allowing certification work to proceed on two new 737 Max models, dealing a temporary setback to the company. The provision, which would give Boeing more time to certify the Max 7 and Max 10 models without having to add costly upgrades to ...