Abu Dhabi / WAM Alpha Dhabi Holding has increased its stake in Aldar Properties, reaffirming its position as the largest shareholder and consequently becoming Aldar’s parent company. Through this latest additional stake, Alpha Dhabi has raised its shareholding of Aldar to complement its existing majority representation on Aldar’s Board of Directors. Accordingly, Aldar will be treated as a subsidiary ...

  Dubai / Gulf Time Sheikh Hasher bin Maktoum Al Maktoum inaugurated the third store of the UAE brand “Carter & White”, a company specialised in designing and manufacturing clothing, in City Centre Mirdif in Dubai. Sheikh Hasher bin Maktoum Al Maktoum had a tour at the new store, which is the largest in terms of size and department stores, ...

  Abu Dhabi / WAM Agthia group has announced that seven of its products have won the 2022 Superior Taste Award granted by the International Taste Institute in Brussels, Belgium. The products from its brands such as Al Ain Water, Date Crown, Nabil Foods, and Alpin Water were evaluated against thousands of other food products from across the globe by ...

  Abu Dhabi / Gulf Time Wizz Air Abu Dhabi, the ultra-low-fare national airline of the UAE, has announced additional flights from Abu Dhabi to capitalise on the increasing demand for travel. Providing hassle-free, affordable travel for tourists and residents in both the UAE and throughout the region, flight capacities are being extended to both Bahrain and Muscat, Oman to ...

  Dubai / WAM The Museum of the Future and Dubai’s Roads and Transport Authority (RTA) have announced a new partnership to showcase future mobility solutions, from personal jet packs to self-driving cars. They signed a strategic partnership to exhibit some of the world’s most exciting, advanced mobility solutions at the ‘Tomorrow, Today’ exhibition, an ever-evolving showcase of innovations at ...

One purpose of summitry in a time of war is the “family photo” — or rather, the harmonious and resolute unity it’s meant to showcase. So it was at last week’s summit of the European Union in Brussels and at this week’s gathering of the Group of 7 in the Bavarian Alps. So it is again as Nato leaders meet ...

When partnerships decide to sell their firms into the public markets through an initial public offering, it’s always about the money — even if it isn’t only about the money. Big Four auditor Ernst & Young LLP’s potential IPO of its consulting activities could trigger stock windfalls of as much as $8 million each for the consulting partners, according to ...

  Microsoft Corp said recently it would stop selling software that guesses a person’s mood by looking at their face. The reason: It could be discriminatory. Computer vision software, which is used in self-driving cars and facial recognition, has long had issues with errors that come at the expense of women and people of colour. Microsoft’s decision to halt the ...

  It seems that India’s central bank is no fan of “buy now, pay later.” But then, the regulator’s irritation with this newish fad in consumer finance is wholly understandable. “Get Credit in 90 seconds. Shop at Millions of Merchants. Pay Later,” says the website of LazyPay, which claims to have 60 million eligible users in India. Rival Uni, which ...

Bloomberg Deutsche Lufthansa AG management apologised for the disruptions and cancellations bedeviling the global aviation industry and cautioned the situation won’t improve in the near future as carriers and airports struggle to rebuild operations from the pandemic slump. In a letter sent overnight to customers, Europe’s biggest airline group laid out the causes of the chaos, from a lack of ...