Abu Dhabi / WAM Abu Dhabi Exports Office (Adex), signed an agreement with the Korea Trade Insurance Corporation (K-Sure), on the sidelines of the UAE-Korean Business Forum, organised by the Abu Dhabi Chamber of Commerce and Industry. Yoon Suk-yeol, President of South Korea, was present at the event. The agreement aims to promote Emirati exports, drive investment, and explore …

  Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, has issued a federal law establishing the National Media Office. The law states that the National Media Office will report to the Minister of the Presidential Court and will be financially and administratively independent in fulfilling its duties and mandate. The new entity …

  Abu Dhabi / WAM Statistics Centre – Abu Dhabi (Scad) and the Abu Dhabi Department of Energy (DoE) signed a service-level agreement that allows collaboration between the two parties in the field of statistical integration as part of a strategy to develop an advanced statistical ecosystem which provides high-quality statistics through a decentralised model. The agreement was signed by …

  Dubai / Gulf Time Multifaceted entrepreneur with the stakes in real estate, business setup and Jewelry business is optimistic that in the next decade Dubai will double the size of its economy and will be one of the top three economic cities around the world. It may be recollected that His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice …

  Dubai / Gulf Time Hop on to one of the most extravagant rides of your life. Find your favourite luxury brands onboard instarunway.com’s fashion bus, a novel shopping concept in the region that brings fashion to your doorstep on a mobile bus. Fuelled by fashion, the luxury mobile boutique has covered quite a few milestones in its short yet …

  Abu Dhabi / WAM Adnec Group has announced it is now a major contributor to the Net Zero Carbon Events initiative. The industry initiative promises to produce net-zero carbon footprint events by 2050 as it creates and supports a greener future for the Meetings, Incentives, Conferences and Exhibitions (MICE) industry. Hosted by the Joint Meetings Industry Council (JMIC), the …

Bloomberg Ocado Group Plc shares fell as the online grocer struggles with a dip in post-pandemic e-commerce spending and consumers return to brick-and-mortar stores. Ocado said on Tuesday that it expects earnings from its joint venture with Marks & Spencer Group (M&S) to fall in the first half of fiscal 2023 as customers reduce their purchase sizes. Revenue growth was flat …

  Bloomberg EasyJet Plc expects the recovery in air travel to continue through 2023 despite consumers feeling the pinch from inflation, the latest sign of airline optimism following a stronger-than-expected Christmas travel season. The budget carrier is “cautiously optimistic” for this year despite consumers in its biggest markets enduring the highest inflation rates for decades. While the company hasn’t released …

  Bloomberg FedEx Corp. plans to scale back even more on Sunday package deliveries as the courier grapples with faltering e-commerce demand. The pullback will reduce the availability of Sunday service to “more than 50%” of the US population, according to an internal memo. FedEx had announced in July that it would slash coverage on that day to roughly 80% …

Bloomberg The head of the European Union’s executive arm said the bloc should pass a new law to fast-track investments in clean tech and boost funding for the energy transition in response to a US climate law it fears unfairly subsidizes American companies. “To keep European industry attractive, there is a need to be competitive with offers and incentives that …