February, 2023

• 28 February

  ‘1 Billion Meals’ initiative distributes 5.4mn meals in Bangladesh refugee camps

  

  DUBAI / WAM The “1 Billion Meals” initiative, the region’s largest food donation drive to support the underprivileged and undernourished in 50 countries across four continents, on Tuesday announced the completion of the distribution of 5.4 million meals in Rohingya refugee camps in Bangladesh, in collaboration with the United Nations’ World Food Programme (WFP). Thanks to the partnership between Mohammed ...

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• 28 February

  Khalifa Fund announces ‘CEO Programme’ winners

  

  ABU DHABI / WAM Khalifa Fund for Enterprise Development, in partnership with the Abu Dhabi Department of Economic Development (Added) and Jenaan Investment, has announced the winners of the CEO programme, Agritech Edition. After a rigorous nine-month programme that aimed to cultivate entrepreneurship and innovation skills, build and grow ag-food tech ventures, and contribute to the UAE’s Food Security Strategy, ...

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• 28 February

  7th edition of ‘Journey of Generations’ programme ends

  

  ABU DHABI / WAM Journey of Generations, initiated by the Authority of Social Contribution – Ma’an and organised by volunteers from the community, has concluded its seventh cohort, celebrating with a walk-through of Umm Al Emarat park. The walk was joined by Dr. Mugheer Khamis Al Khaili, Chairman of the Department of Community Development – Abu Dhabi, and Salama Al ...

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• 28 February

  Q Holding signs strategic deal with Abu Dhabi Residence Office to stimulate investment

  

  ABU DHABI / GULF TIME “Q Holding” signed a strategic agreement with the Abu Dhabi Residents Office (ADRO), a division of the Abu Dhabi Department of Economic Development, to promote real estate investment and community development in the UAE’s capital, Abu Dhabi. Under the terms of the agreement, the Abu Dhabi Residents Office will nominate real estate investors for the ...

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• 28 February

  Kansas City’s $1.5bn airport renovation spurs new hopes

  

  BLOOMBERG Kansas City, Missouri, views its new $1.5 billion airport terminal as a shiny gateway, symbolic of the economic and commercial success that city officials expect is forthcoming. An improved Kansas City International Airport was expected to open on Tuesday — welcoming passengers with glass jet-bridges, upscale dining options and solar-powered parking garages. The upgraded terminal boasts sensory and simulation ...

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• 28 February

  High airfares are here to stay, says AirAsia chief

  

  BLOOMBERG High airfares are here to stay as airlines take advantage of the post-pandemic travel boom to lock in higher charges, Capital A Chief Executive Officer Tony Fernandes said. “The fare environment is very good,” Fernandes said in an interview with Bloomberg Television from the sidelines of the Aviation Festival Asia in Singapore. “I think airlines have always underpriced their ...

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• 28 February

  More Brits turn to Aldi as grocery inflation reaches record high

  

  BLOOMBERG Inflation on British groceries surged to a fresh record as shoppers turn to discount supermarkets and own-label goods to counter rising prices. Grocery price inflation reached 17.1% in the four weeks to February 19, up from 16.7% in January, the highest level since Kantar started tracking the data in 2008. The increase in prices means the average annual shop ...

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• 28 February

  Air India’s historic plane order deliveries to begin this year

  

  BLOOMBERG Air India Ltd expects to induct six Airbus SE A350 jetliners starting from the end of this year following the carrier’s giant aircraft purchase that was the biggest in the history of civil aviation. “We’ve committed to a historic order of aircraft that will start entering from the end of this year through to the end of the decade, ...

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• 28 February

  Finland’s economy sinks into recession on Q4 dip

  

  BLOOMBERG Finland’s economy contracted more in the fourth quarter than a flash estimate had indicated, affirming that the Nordic nation has entered a recession. Gross domestic product (GDP) shrank 0.6% last quarter from the previous three-month period, when it contracted a revised 0.1%, Statistics Finland said. A flash estimate had indicated a 0.2% decline in output. GDP was stagnant compared ...

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• 28 February

  Santander’s Botin seeks to lure investors with higher payout

  

  BLOOMBERG  Banco Santander SA pledged to return a bigger share of earnings to investors as Chairman Ana Botin joins the race among European lenders to lure shareholders after years of subpar returns. Spain’s largest lender plans to pay out 50% of profit over the next three years, up from 40% previously, it said in a presentation. The Madrid-based bank also ...

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