ABU DHABI / WAM Edge Group entity, Caracal, is making its 16th appearance at the Abu Dhabi International Hunting and Equestrian Exhibition (Adihex 2023), as the UAE’s premier producer of high-performance pistols, sub-machine guns, rifles, and sniper rifles. At the 20th edition of the event, which runs from September 2-8 at the Abu Dhabi National Exhibition Centre (Adnec), Caracal will ...

BLOOMBERG American Airlines Group pilots approved a new contract that would provide 46% in cumulative pay raises and retirement contributions over its four-year term, along with a bonus, improved scheduling, sick leave and insurance benefits. The pact will add about $9.6 billion in incremental costs for the airline over its duration, the Allied Pilots Association said in a statement. That ...

BLOOMBERG North Korea’s state airline made its first international trip since the start of the Covid pandemic, in a sign of easing border restrictions that could repatriate its stranded nationals abroad and increase trade with its powerful neighbour. Flight data indicates than an Air Koryo passenger jet flew from Pyongyang to Beijing  on Tuesday, which would be the first such ...

NEW DELHI / WAM India will build nine new “greenfield” airports to meet the steep rise in domestic and international air passenger traffic. In addition, 41 existing airports in India are being upgraded with state-of-the-art infrastructure and new facilities at a cost of about $12 billion. The high capital expenditure plan for upgrading existing airports with heavy traffic is being ...

DUBAI / WAM Dubai International (DXB) has announced a significant milestone in its recovery with passenger traffic for the first half of the year surpassing 2019 levels. The world’s busiest international hub welcomed 41.6m guests in H1, just over 100%, compared to the traffic recorded during the first six months of 2019. DXB registered a robust performance throughout the second ...

ABU DHABI / WAM Special Olympics UAE on Tuesday signed a memorandum of understanding with the Emirates Bodybuilding and Fitness Federation to develop a strategic partnership between the two entities and expanding People of Determination’s participation in powerlifting. The signed MoU allows both parties to exchange knowledge and experiences related to bodybuilding, fitness, and powerlifting, as both parties will work ...

ABU DHABI / WAM Khalifa Economic Zones Abu Dhabi (Kezad Group), the integrated trade, logistics, and industrial hub of Abu Dhabi, on Tuesday announced that it has commenced main road landscaping works across 288,000 sqm in Kezad Al Ma’mourah. The AED42 million project includes landscaping 24 km of main roads and roundabouts in Kezad Al Ma’mourah. The project also consists ...

ABU DHABI / WAM The COP28 UAE Presidency has announced an ambitious and inclusive two-week thematic programme for the conference to deliver on four key goals alongside the negotiations process and as part of the critical Global Stocktake response. Taking place at Expo City Dubai from November 30 December 12, COP28 UAE will focus on fast-tracking a just, orderly and ...

RAS AL KHAIMAH / WAM HH Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, has received at his palace at the Saqr bin Mohammed City, Ibrahim Said Al Busaidi, Governer of the Musandam Governate in Oman, and his accompanying delegation. During the meeting, Sheikh Saud and Al Busaidi discussed the deep-rooted ties between ...

BLOOMBERG A top-performing Chinese macro hedge fund blamed global capital for sinking the country’s stocks to the lowest levels since November. Foreign funds are primary drivers of Chinese stocks’ recent selloff, said Li Bei, founder of Shanghai Banxia Investment Management Center. Overseas investors stirred up market volatility and, “taken together, they are a bunch of aimless flies,” she said in ...