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Adnec acquires DoubleTree By Hilton London ExCel

Abu Dhabi / WAM The Abu Dhabi National Exhibitions Company (Adnec), part of ADQ, has added a new hotel to its portfolio: the DoubleTree By Hilton London ExCel. The announcement comes in line with Adnec’s long term investment strategy aimed at diversifying its business across the Group and achieving optimal integration of its assets through diversified economic sectors. The addition ...

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Emirates expects another busy weekend ahead

Dubai / WAM Emirates is expecting high passenger volumes to pass through Terminal 3 at Dubai International this weekend, July 16-17, as traveller numbers reach among their highest levels since the pandemic began. With added safety measures and Covid-19 travel requirement checks in place, travellers may encounter longer than expected waiting times at Emirates check-in counters. Customers starting their journey ...

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UAE, Vatican ink deal to boost cooperation in education sector

ABU DHABI / WAM The Ministry of Education signed a Memorandum of Understanding (MoU) with the Congregation for Catholic Education at the Holy See, Vatican, to strengthen their cooperation in education. The MoU was signed by Hussain bin Ibrahim Al Hammadi, Minister of Education, and Cardinal Cardinal Giuseppe Versaldi, Prefect of the Congregation for Catholic Education and President of Pontifical ...

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Crypto revolution will not be public

A revolution is pending in finance, and the world is only beginning to realise the transformations it is likely to bring. Financial institutions will have to take a radically different approach to information technology just to stay in business. Bullish Global, a crypto firm, is planning to go public this year, with an expected valuation of $9 billion. Circle Internet ...

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How to take the SPAC money and go private

From electric carmakers to space tourism to online learning firms, special-purpose acquisition companies (SPAC) have provided an easy route to the public markets for businesses with, generously, a long path to profitability. The SPAC boom is now also smoothing the way for a legacy media company — Britain’s biggest newspaper — to leave the public markets through a wily feat ...

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A carbon border tax is a necessary nuisance

The European Union wants to prove to the world just how serious it is about fighting climate change. But can it coerce other countries to act as decisively? On Wednesday, the European Commission was expected to outline a hugely ambitious package of climate legislation with the aim of achieving the bloc’s goal of cutting greenhouse gas emissions by at least ...

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Air France-KLM in talks with Boeing, Airbus for 160 jets

Bloomberg Air France-KLM has begun negotiations with Boeing Co and Airbus SE on what could be the group’s biggest-ever aircraft order as it seeks to expand low-cost operations and renew part of its main Dutch fleet. The 160 single-aisle planes would be destined for the Transavia discount division and European operations at KLM, a spokesman said. The brands currently operate ...

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