DUBAI / WAM  The Ministry of Human Resources and Emiratisation (MoHRE) will begin accepting applications for the first edition of the Emirates Labour Market Award on June 1. The award, which was approved by the UAE cabinet in March will be held under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and ...

ABU DHABI / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, received a delegation from the National Defence College (NDC), headed by Major General Salem Saeed Al Shamsi, Commander of the NDC. HH Sheikh Abdullah expressed his warm welcome to the delegation from the NDC, a globally renowned specialist scientific institution, which plays ...

DUBAI / WAM Aramex on Thursday announced its financial results for the first quarter (Q1) ending on March 31. Aramex’s Q1 2023 revenues were driven by stable performance in international express and the resilience of the freight-forwarding and logistics and supply chain solutions businesses. Revenue continued to be impacted by currency fluctuations, inflationary pressures, and normalisation of worldwide shipping flows. ...

ABU DHABI / WAM COP28 President-Designate Dr Sultan Al Jaber convened a CEO roundtable on the sidelines of the UAE Climate Tech forum, bringing together oil and gas, heavy emitting industries, technology providers, bankers and financial institutions to discuss, debate and find tangible solutions to address the urgent need for decarbonisation and emissions reduction. The roundtable follows the call to ...

ABU DHABI / WAM Etihad Cargo, the cargo and logistics arm of Etihad Airways, has achieved a major milestone in its sustainability journey, achieving advanced ratings for key criteria in the BlueSky Sustainability Verification Programme assessment. The carrier was the first Middle Eastern airline to join the programme, which aims to assess, verify and validate the sustainability performance of air ...

BLOOMBERG TUI AG’s summer bookings are approaching pre-pandemic levels, the latest sign that the travel sector is recovering despite high inflation squeezing household budgets. The world’s biggest tour operator said booking volumes were at 96% of 2019 levels, led by demand for travel to Spain, Greece and Turkey. Prices are 26% higher than pre-pandemic levels, the company said. The stock ...

BLOOMBERG Virgin Australia Airlines Pty Ltd is close to paying A$730 million ($494 million) to its private equity owner Bain Capital, months before a possible listing in Sydney, according to a person familiar with the matter. The planned capital return is almost exactly the same size as the amount that Bain paid for Virgin Australia’s equity in 2020, said the ...

BLOOMBERG Beyond Meat Inc seeks to raise as much as $200 million in an equity offering as the plant-based burger maker contends with falling sales and a decline in cash reserves. The company filed a prospectus supplement with the US Securities and Exchange Commission, according to a statement. The proceeds will be used for “general corporate and working capital purposes,” ...

BLOOMBERG A European Union (EU) court toppled Germany’s massive bailout of Deutsche Lufthansa AG at the height of the Covid-19 pandemic, backing Ryanair Holdings Plc’s claims that the package unfairly tilted competition towards its rival. Terms of a €6 billion-euro ($6.6 billion) recapitalisation approved by the European Commission were too favourable to Lufthansa, and demands that Europe’s biggest network carrier ...

BLOOMBERG Pakistan’s Supreme Court ruled that former premier Imran Khan’s arrest by the anti-graft agency was illegal and ordered for the ex-cricket star to be freed from custody, a dramatic about-turn in the ongoing political drama. Khan was presented before the top court for an appeal hearing against his arrest, which has fuelled nationwide protests. Security officials were stationed around ...