January, 2023

• 17 January

  Géant expands regional footprint, opens first supermarket in UAE

  

    Dubai / Gulf Time Géant, part of GMG, is expanding its regional footprint with the opening of its first supermarket in the UAE in Citylife Al Jurf in Ajman. With its customer friendly open-air market look and feel, this new concept will offer an abundance of choice and quality from the freshest groceries, imported and local fresh produce, meats, ...

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• 17 January

  Enoc unveils latest service station in Al Twar

    Dubai / WAM Enoc Group on Monday unveiled a new service station in Al Twar 1, Dubai, catering to the growing needs of the residential community and motorists using Al Quds Street. Strategically located diagonally opposite a service station inaugurated in collaboration with Dubai Police on Al Quds Street earlier this year, the new service station will meet the ...

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• 17 January

  Beeah group launches initiative to drive sustainable action

  

  Sharjah / WAM Beeah Group, the region’s leading sustainability pioneer, officially launched Beeah Education to consolidate its several programmes driven to raise awareness and engage people and institutions in shaping a sustainable future. Khaled Al Huraimel, Group CEO of Beeah Group, and Hind Al Huwaidi, Managing Director of Beeah Education, joined partners and colleagues to commemorate the occasion at Beeah ...

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• 17 January

  Deadly plane crash in Nepal adds to its bad safety record

  

  Bloomberg There’s been yet another disaster in one of the world’s deadliest places to fly. At least 68 people were killed on January 15 after a Yeti Airlines flight crashed when coming in to land in Pokhara, central Nepal, further blighting the country’s notoriously bad aviation safety record. Just last May, 22 people died after a Tara Air flight crashed ...

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• 17 January

  Air traffic back to normal by June on China rebound

  

    Bloomberg China’s reopening to international travel could propel global air traffic to pre-pandemic levels as soon as June, one of the world’s leading aircraft-leading firms predicts. Avolon Holdings, the world’s second-largest jet lessor, said on Monday that the aviation sector “is set to thrive in 2023,” with Asia driving the rebound after Europe and North America did so last ...

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• 17 January

  Lufthansa seeking conditions in looming bid for Italy’s ITA

  

    Bloomberg Deutsche Lufthansa AG is discussing some conditions with Italy in order to proceed with its plan to acquire a 40% stake in the country’s ITA Airways, according to people familiar with the matter. The German carrier is seeking to gain the option to back out of a full takeover should the venture fail to work out, as well ...

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• 17 January

  Subway explores sale that could value it at over $10 billion

  

    Bloomberg Subway is exploring a potential sale that could value the sandwich chain at more than $10 billion, according to a person familiar with the matter. The process is in its early stages and Subway could still decide against pursuing a sale, said the person, asking not to be identified because the information isn’t public. “As a privately held ...

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• 17 January

  European gas falls to 16-month low on strong supply outlook

  

  Bloomberg Natural gas prices in Europe dropped to the lowest level since September 2021 as the supply outlook got a boost with full stockpiles in China forcing buyers to send LNG cargoes to the continent. Benchmark futures fell as much as 15% on Monday, taking the decline so far this year to 27%. Chinese importers are trying to divert February ...

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• 17 January

  US online prices drop a fourth month

    Bloomberg The costs of goods sold online in the US dropped in December 2022 as holiday discounting drove prices down on an annual basis, according to data collected by Adobe Inc. Online prices decreased 1.6% year-over-year, marking a fourth consecutive decline. Half of the 18 categories tracked experienced falling prices, especially in computers, appliances and toys that saw deep ...

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• 17 January

  Wind turbines are big enough for now, says Vestas CEO

  

    Bloomberg Wind turbines are big enough for now and the challenge over the next decade will be expanding output to meet green goals around the world, the world’s top producer said. Vestas Wind Systems A/S — which in 2021 announced a 15-megawatt offshore turbine that at the time was the world’s largest — currently doesn’t plan to make them ...

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