February, 2023

• 24 February

  Dubai Chambers unveils six new food business groups

  

    Dubai / WAM Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, has launched six business groups within the F&B industry for HORECA traders, meat and poultry, bakeries, organic food, groceries as well as hypermarkets and supermarkets sectors. “We are on track to reach our goal of setting up 100 business groups by March 2023. ...

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• 24 February

  ADJD boosts volunteering efforts with new drive

    Abu Dhabi / WAM The Abu Dhabi Judicial Department (ADJD) has stepped up volunteering initiatives by launching an expanded campaign titled ‘Voluntary Service: A Culture and a Commitment’, with the formation of the Judicial Department Volunteer Team (Dhukhr). The launch of this volunteer campaign is part of the ADJD’s involvement in community outreach, in line with the directives of ...

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• 24 February

  Stage set for third round of 22ft Rabdan Dhow sailing race

  

  Abu Dhabi / Gulf Time The stage is set for the third round of 22ft Rabdan Dhow sailing race. Organised by Abu Dhabi Marine Sports Club as the part of Maritime Heritage Festival, the race to be held off the heights of Lulu Island at 3pm on Friday. More than 50 dhows had confirmed their entry for this round. The ...

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• 24 February

  Qantas falls as plane shortage forces urgent fleet investment

  

    Bloomberg Qantas Airways Ltd shares fell the most in almost eight months as the airline flagged higher-than-expected spending on planes in an immediate attempt to cope with the rapid rebound in passenger growth. Demand for flights will “remain strong” into the second half of 2023 and fares will stay significantly above pre-pandemic levels, Qantas said. But with supply-chain blockages ...

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• 24 February

  Target wants to deliver packages faster with $100m investment

  

    Bloomberg Target Corp will invest $100 million to add six new package-sorting centres in a push to expand its next-day delivery capabilities. The new hubs will be operating by the end of 2026, Target said in a statement. Target already has nine sorting centres, which are located in Colorado, Georgia, Illinois, Minnesota, Pennsylvania and Texas. The company is still ...

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• 24 February

  EBay gives outlook suggesting sales comeback to take longer

  

    Bloomberg EBay Inc projected revenue in the current quarter that didn’t convince investors the company’s efforts to revive sales are beginning to work. The shares declined in premarket trading. Revenue will be $2.46 billion to $2.5 billion in the period ending in March, or about the same as a year earlier. In the fourth quarter, sales fell 3.9% to ...

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• 24 February

  Rolls-Royce surges after new CEO vows higher returns in overhaul

  

    Bloomberg Rolls-Royce Holdings Plc surged the most in more than two years after new Chief Executive Officer Tufan Erginbilgic embarked on a strategic review, saying the UK engineering firm has underperformed financially for years. The stock jumped as much as 20%, the most since November 2020. Rolls-Royce also reported earnings that beat estimates, with adjusted operating income coming in ...

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• 24 February

  Heathrow seeks high traveller charges amid surge in air travel

    Bloomberg London’s Heathrow Airport is seeking higher passenger charges to meet rising costs and let it expand services as airlines ramp up operations in the post-pandemic era, Chief Executive Officer John Holland-Kaye said. Passengers flying through the UK’s busiest airport tripled to 62 million in 2022 as countries lifted restrictions, the company said while reporting results. Losses narrowed to ...

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• 24 February

  FedEx pilots plan strike-authorisation vote

    Bloomberg FedEx Corp pilots are inching closer to a potential strike as negotiations stall on a new labour agreement. Leaders of the FedEx Express pilots union approved a strike authorisation vote, according to a statement from the Air Line Pilots Association. A date for the vote wasn’t specified. The union said no new talks have been scheduled between the ...

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• 23 February

  Taiwan to give tourists $82m in perks to boost economy

  

  Bloomberg Taiwan will offer 500,000 tourists a cash or discount incentive this year as it tries to shore up its post-pandemic travel industry and boost spending. The incentives, worth NT$5,000 ($165) each, were announced as part of a NT$5.3 billion package to attract international tourists. The total value of the perks comes to NT$2.5 billion ($82.4 million). A spokesperson for ...

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