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VP to open 4th session of FNC’s 17th legislative chapter on Monday

  ABU DHABI / WAM On behalf of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, will inaugurate the fourth ordinary session of the 17th legislative chapter of the Federal National Council (FNC) on Monday. President His Highness Sheikh ...

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UAE ministry, ADIO ink deal to attract foreign investments

  Abu Dhabi / WAM The Ministry of Foreign Affairs and International Cooperation (MoFAIC) and the Abu Dhabi Investment Office (ADIO) signed a memorandum of understanding (MoU) to promote cooperation in attracting foreign investments and capacity building. Both entities agreed to strengthen the UAE’s profile as an ideal destination for trade and investment, principally by enhancing the efforts of UAE ...

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Sheikh Zayed Festival opens with a range of new fun, special events

ABU DHABI / WAM The Sheikh Zayed Festival will begin on Friday and welcome visitors from all over the world with a line-up of cultural entertaining events and attractions including breathtaking drone shows and fireworks displays in celebration of the first day. The festival will run until March 18, 2023 at Al Wathba in Abu Dhabi. The Higher Organising Committee ...

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Sharjah launches ‘Treasure Hunt’ challenge

  Sharjah / WAM Public members get the chance to win airline tickets with Air Arabia in a ‘Treasure Hunt” challenge organised by Sharjah Museums Authority in celebration of 90 years since the day the first aircraft ‘Hanno” landed in Sharjah back on October 5, 1932. The challenge, held in Al Mahatta Museum every Saturday on November 19 and 26 ...

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Etihad to welcome over 1.5mn travellers during winter break

  Abu Dhabi / WAM As visitors begin flying for the winter break and the many spectacular events taking place in Abu Dhabi, Etihad Airways looks forward to welcoming over 1.5 million travellers at Abu Dhabi International Airport. Shaeb Al Najjar, General Manager Hub Operations, Etihad Airways, said, “There has never been a better time to experience Abu Dhabi, with ...

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Walmart rises most since 2020 on forecast, wealthy shoppers

  Bloomberg Walmart Inc stock soared the most in two years as US shoppers flocked to its stores to find discounts amid surging inflation, spurring surprisingly robust third-quarter results and an improved annual profit outlook. The world’s largest retailer also reported progress in reining in bloated inventories and unveiled a new $20 billion program to buy back its stock. On ...

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Asia’s demand for big jets fuels Airbus’ post-Covid recovery

  Bloomberg Airbus SE expects Asia-Pacific airlines’ need for wide-body aircraft to drive a post-pandemic recovery in demand for the larger jets as the region starts to open up, according to a top executive. The surge in demand isn’t just to replace jets like ones from Airbus’s older A330-family, but also for fleet expansion, Anand Stanley, president of Asia Pacific ...

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Singapore’s retail rentals yet to see gains from reopening

  Bloomberg Singapore’s retail space rentals are lagging the recovery seen in broader economic activity after the city-state ended Covid-19 curbs. Official data showed retail rents contracted 0.4% from the previous quarter — the third straight quarterly decline since 2021. That compares to an 11% average growth in retail sales during the same period, data compiled by Bloomberg show. Singapore ...

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Adidas seeks cash from rare bond after Yeezy split, new CEO

  Bloomberg Adidas AG is raising debt from Europe’s bond market for the first time since dropping Ye, the artist formerly known as Kanye West, and just days after slashing profit expectations for a fourth time. The German sportswear brand is seeking €1 billion ($1 billion) from its debt sale, according to a person familiar with the matter, who asked ...

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