February, 2023

• 14 February

  Empower revenues jump 13.3% to AED2.8bn in ’22

  

    Dubai / WAM Emirates Central Cooling Systems Corporation (Empower) announced its financial results for the fiscal year 2022, with a total revenue of AED2.8 billion, and with a remarkable growth of 13.3 percent compared to 2021. The company has recorded a net profit of AED1.001 billion, representing an increase of 7 percent compared to the previous year. The company ...

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• 14 February

  Operation ‘Gallant Knight / 2’ symbolises UAE’s rich legacy of humanity

  

  AhramanmaraÅŸ, Türkiye / WAM The UAE’s humanity is a rich legacy inherited from generation to generation. The country has always proved that humanity is action, not words, which has transformed tragedies and sufferings of people in many parts of the world into joy and happiness. With the launch of Operation “Gallant Knight / 2” under the directives of the wise ...

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• 14 February

  Jawhara Jewellery announces opening of its 90th store in UAE

  

    Ras Al Khaimah / Gulf Time Under the patronage and presence of Sheikh Mohammed bin Kayed Al Qasimi, Chairman of the Department of Economic Development in Ras Al Khaimah, and in the presence of media professionals and senior guests, the new branch of Jawhara Jewellery was opened in Manar mall in Ras Al Khaimah. With this, Jawhara reaches 90 ...

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• 13 February

  AD Police launches new recording studio

    Abu Dhabi / WAM The Abu Dhabi Police (AD Police) has launched a new recording studio as part of its Security Media Department, Command Affairs Sector, to coincide with World Radio Day observed on February 13. The aim of the studio is to improve audio communications with the community and increase awareness of various police and security matters. Major ...

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• 13 February

  Emirati Belselah wins UAE International Jet Ski Championship title

  

    Abu Dhabi / Gulf Time The curtain fell on the fifth and final round of the UAE International Jet Ski Championship held on Abu Dhabi’s breakwater. The championship witnessed the participation of 60 competitors, representing the UAE, Bahrain, Saudi Arabia, Kuwait, Qatar, Japan, Morocco, Jordan, Palestine and Hungary, who took part in 11 racing categories. The first place in ...

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• 13 February

  Air India close to record jet deal with Airbus, Boeing

  

    Bloomberg Air India has signed agreements with Airbus SE and Boeing Co for what could become the largest purchase of jetliners in commercial aviation history, as the carrier seeks to reinvent itself with a fuel-efficient fleet that can take on local low-cost rivals. The airline has agreed on the outlines of the accord with the two planemakers and may ...

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• 13 February

  Korean grocery delivery app shelves Seoul IPO on valuation frustration

  

    Bloomberg Oasis Corp, a South Korean grocery delivery app that competes with US-listed Coupang Inc, decided to withdraw what was expected to be the nation’s largest initial public offering in five months amid difficulty in reaching expected valuation. After finishing the book building for an offering expected to be as large as 206.8 billion won ($162 million), the startup ...

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• 13 February

  NTSB subpoenas American Air pilots in JFK runway incursion

  Bloomberg An American Airlines Group Inc flight crew taxied across a John F Kennedy International Airport runway without clearance on January 13 as a Delta Air Lines Inc plane was accelerating for takeoff, prompting it to make a high-speed stop, investigators said. In an unusual step, the National Transportation Safety Board (NTSB) said it had issued a subpoena requiring the ...

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• 13 February

  Chinese-owned e-commerce rival to Shein makes splashy Super Bowl debut

  

  Bloomberg Chinese-owned e-commerce upstart Temu made its Super Bowl debut, an unofficial coming-out party for an online shopping app that’s climbed American download charts since its debut late last year. PDD Holdings Inc’s service, which like Shein has gained a reputation for cut-rate pricing and fast delivery, ran two 30-second spots featuring a trendy shopper twirling and dancing to phrases ...

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• 13 February

  Russia’s crude shipments slump

  

  Bloomberg Russia’s oil exports fell to a six-week low, reversing a previous trend and providing a sign of what’s to come as it prepares for a production cut of 500,000 barrels a day next month. Aggregate flows of Russian crude fell by 562,000 barrels a day, or 16%, in the seven days to February 10, even as exports from its ...

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