Dubai / WAM Moro Hub, a subsidiary of Digital Dewa, the digital arm of Dubai Electricity and Water Authority (PJSC), inked a definitive agreement with Saimos (Situational Awareness, Infrastructure Management & Operations Security), a leader in Geographic Information Systems (GIS), AI-based Video Analytics as well as custom developments targeting Security, Safety and Critical Infrastructure. The partnership complements Moro Hub’s ...

  Abu Dhabi / WAM Abdullah bin Touq Al Marri, Minister of Economy, led the UAE delegation to the meetings of the 38th Ministerial Session of the Standing Committee for Economic and Commercial Cooperation of the Organisation of Islamic Cooperation (Comcec), held in Istanbul at the level of ministers and high-ranking officials. “The UAE, under the leadership of President His ...

  Bloomberg The merger of Tata Group’s joint venture with Singapore Airlines Ltd into Air India Ltd should help consolidate the aviation sector in the South Asian nation and provide fresh growth opportunities for the flag carrier after years of mismanagement and losses. “India needs a high-quality, dependable long haul and ultra-long haul airline to meet the country’s air connectivity ...

Bloomberg Renault SA and Airbus SE are partnering to advance battery technology for next-generation cars and planes. Engineering teams from the companies will jointly research and develop solutions on energy storage, one of the roadblocks to longer-range electric vehicles, Renault and Airbus said. The partnership also will help Airbus develop tech linked to hybrid-electric aircraft. The pact reflects companies’ efforts ...

Bloomberg Italy’s new government is reviewing options for retaining oversight of ITA Airways, in a strategic volte-face that risks becoming a major stumbling block for potential suitors like Deutsche Lufthansa AG. Options under review by Prime Minister Giorgia Meloni’s government include seeking special powers to influence or veto governance or strategy of ITA following the sale of a stake to ...

Bloomberg US lawmakers are discussing a compromise measure that would allow Boeing Co to certify its final two 737 Max models without an expensive redesign while also adding new safety requirements. Talks involving Senate and House lawmakers ramped up dramatically after the Thanksgiving holiday, and Senator Maria Cantwell of Washington, the Democratic chairwoman of the Commerce Committee, has floated a ...

Bloomberg A record 196.7 million American consumers flocked to stores and e-commerce websites over the Thanksgiving holiday weekend in search of deals, according to data from the National Retail Federation (NRF). Retailers discounted generously on Black Friday and Cyber Monday this year in an effort to clear excess inventory and lure consumers who are increasingly strained by inflation. Those efforts ...

  Bloomberg Air travel in the US has broadly recovered from the depths of the pandemic, but passenger counts from the busy Thanksgiving period show it still has a way to go before returning to 2019’s record levels. Almost 24.6 million people went through Transportation Security Administration (TSA) screening from November 18 through November 28, according to agency data, down ...

  Bloomberg Energy grid companies in the UK will have £22.2 billion ($26.6 billion) to spend on beefing up local networks as the nation’s green shift requires increasing electrification. While a huge sum, it’s 12% less than the six main network companies had proposed. The budget will cover everything from service and maintenance to upgrades on 14 local grids for ...

Bloomberg India’s economy probably expanded at a slower pace last quarter as price pressures, rising interest rates and sluggish trade tempered demand in Asia’s third largest economy. Gross domestic product is estimated to have risen 6.2% in the three months to September from a year ago, according to a Bloomberg survey of economists, cooling from a 13.51% growth reported in ...