February, 2023

• 2 February

  Etihad Cargo surpasses its operational targets in 2022

  

    Abu Dhabi / WAM Etihad Cargo, the cargo and logistics arm of Etihad Aviation Group, exceeded its operational performance targets in 2022. The carrier achieved 80.5% on-time-performance (OTP) for freighter departures and 84.1% OTP for freighter arrivals, ahead of its 80% target. The carrier has also maintained a delivered-as-promised (DAP) rate of 86.6%, a 2.6% improvement compared to the ...

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• 2 February

  UAE landmarks light up in support of World Neglected Tropical Diseases Day 2023

  

    Abu Dhabi / WAM Landmarks across the UAE lit up in support of the fourth World Neglected Tropical Diseases Day (WNTDD), an annual moment that aims to galvanise the global community in support of ending neglected tropical diseases (NTDs), a band of debilitating diseases that affect some 1.7 billion people worldwide. Seventeen buildings and structures across Abu Dhabi and ...

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• 2 February

  Arab Health launches ‘Intelligent Health Pavilion’

    Dubai / WAM The official opening of the Intelligent Health Pavilion took place at Arab Health 2023, in partnership with Intelligent Health Association (IHA), allowing visitors to experience live use cases of the latest advances in sustainable healthcare technology across the care continuum. Running until February 2 at the Dubai World Trade Centre, the Intelligent Health Pavilion showcases how ...

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• 2 February

  Adnec to host leading int’l conferences, exhibitions in 2023

  

  Abu Dhabi / WAM Abu Dhabi National Exhibition Centre, part of the Adnec group, is preparing to host major international exhibitions and conferences in 2023, welcoming visitors, exhibitors, and speakers from all over the world. Almost one-third (33 per cent) of these events will take place for the first time in Abu Dhabi and the Middle East, aligning with the ...

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• 2 February

  ENBD Reit reports net asset value of $173mn in Q3 2022

  

    Dubai / WAM ENBD Reit, the Shari’a compliant real estate investment trust managed by Emirates NBD Asset Management Limited, has announced its net asset value (NAV) at December 31, 2022. ENBD Reit’s NAV amounted to $173 million ($0.69 per share), up from $168 million at December 31, 2021. This reflects the continued positive momentum in the Dubai real estate ...

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• 1 February

  More Brits turn to Aldi, Lidl as food inflation hits record high

  

  Bloomberg Inflation on British groceries jumped to another record high in January with little sign of the price rises slowing on the consumers’ weekly shop. The rate hit 16.7% in the four weeks to Jan. 22, up from 14.4% in December, reaching the highest level since Kantar started tracking the data in 2008. The increase adds an extra £788 ($973) ...

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• 1 February

  Samsung expects phone market shrinking again

  

    Bloomberg Samsung Electronics Co., the world’s biggest smartphone maker, expects the smartphone market to contract in 2023. The Suwon, South Korea-based Galaxy device maker said it sees demand for mobile devices shrinking in the current year, even after the economic challenges and disappointing sales of 2022. The company detailed its biggest profit drop in over a decade, saying “the ...

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• 1 February

  Butter and milk prices likely to fall sharply, says Lurpak maker

  

    Bloomberg Arla Foods AB, the Danish maker of Lurpak butter, expects the cost of dairy products to fall sharply in 2023 in the UK after becoming a hot spot of inflation. The boss of the UK’s biggest dairy producer said he is confident that all the cost pressures facing its farmers have now passed though. The remarks open the ...

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• 1 February

  Boeing says new jet it’s testing with Nasa may replace 737 Max

  

    Bloomberg Boeing Co. is studying whether an innovative plane it’s developing with Nasa could find a home in its lineup next decade, the company’s top executive said, offering a tantalising glimpse into its product strategy. Later this decade, the US planemaker plans to fly a full-scale prototype of the single-aisle jet, whose size could make it an eventual successor ...

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• 1 February

  Winter storm grounds 1,500 Southwest, American flights

    Bloomberg Southwest Airlines Co. and American Airlines Group Inc. have cancelled more than 1,500 flights early this week as a winter storm brings freezing temperatures, sleet and possible ice accumulation to the Dallas-Fort Worth area. Southwest, which accounts for nearly all the flights at Dallas Love Field, grounded 483 on January 31 and pre-cancelled 309 on Tuesday, according to ...

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