January, 2023

• 18 January

  Scad, Department of Energy ink data collaboration agreement

    Abu Dhabi / WAM Statistics Centre – Abu Dhabi (Scad) and the Abu Dhabi Department of Energy (DoE) signed a service-level agreement that allows collaboration between the two parties in the field of statistical integration as part of a strategy to develop an advanced statistical ecosystem which provides high-quality statistics through a decentralised model. The agreement was signed by ...

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• 18 January

  Dubai to be among top three global cities in next decade

  

    Dubai / Gulf Time Multifaceted entrepreneur with the stakes in real estate, business setup and Jewelry business is optimistic that in the next decade Dubai will double the size of its economy and will be one of the top three economic cities around the world. It may be recollected that His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice ...

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• 18 January

  Instarunway.com launches its fashion mobile bus

    Dubai / Gulf Time Hop on to one of the most extravagant rides of your life. Find your favourite luxury brands onboard instarunway.com’s fashion bus, a novel shopping concept in the region that brings fashion to your doorstep on a mobile bus. Fuelled by fashion, the luxury mobile boutique has covered quite a few milestones in its short yet ...

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• 18 January

  Adnec now major contributor to Net Zero Carbon Events initiative

  

    Abu Dhabi / WAM Adnec Group has announced it is now a major contributor to the Net Zero Carbon Events initiative. The industry initiative promises to produce net-zero carbon footprint events by 2050 as it creates and supports a greener future for the Meetings, Incentives, Conferences and Exhibitions (MICE) industry. Hosted by the Joint Meetings Industry Council (JMIC), the ...

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• 18 January

  Ocado falls as consumers cut online spending on grocery

  

  Bloomberg Ocado Group Plc shares fell as the online grocer struggles with a dip in post-pandemic e-commerce spending and consumers return to brick-and-mortar stores. Ocado said on Tuesday that it expects earnings from its joint venture with Marks & Spencer Group (M&S) to fall in the first half of fiscal 2023 as customers reduce their purchase sizes. Revenue growth was flat ...

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• 18 January

  EasyJet expects recovery in air travel to continue

  

    Bloomberg EasyJet Plc expects the recovery in air travel to continue through 2023 despite consumers feeling the pinch from inflation, the latest sign of airline optimism following a stronger-than-expected Christmas travel season. The budget carrier is “cautiously optimistic” for this year despite consumers in its biggest markets enduring the highest inflation rates for decades. While the company hasn’t released ...

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• 18 January

  FedEx plans to pare Sunday deliveries again

    Bloomberg FedEx Corp. plans to scale back even more on Sunday package deliveries as the courier grapples with faltering e-commerce demand. The pullback will reduce the availability of Sunday service to “more than 50%” of the US population, according to an internal memo. FedEx had announced in July that it would slash coverage on that day to roughly 80% ...

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• 18 January

  Von der Leyen: EU must boost clean tech funds to counter US

  

  Bloomberg The head of the European Union’s executive arm said the bloc should pass a new law to fast-track investments in clean tech and boost funding for the energy transition in response to a US climate law it fears unfairly subsidizes American companies. “To keep European industry attractive, there is a need to be competitive with offers and incentives that ...

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• 18 January

  Boston startup to develop low-carbon cement tech

  

  Bloomberg Boston-based startup Sublime Systems has raised $40 million to develop a new technology to produce low-carbon cement. The cement industry contributes as much as 8% to global emissions of planet-warming carbon dioxide. Meeting global climate goals under the Paris Agreement would require reducing that to zero within decades. However, cement has proven to be one of the more difficult ...

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• 18 January

  German investor sentiment hits highest level in almost a year

  

    Bloomberg Investors’ sentiment for the German economy jumps to the highest level in almost a year, the latest evidence that confidence is building as a squeeze from soaring energy prices eases. The ZEW institute’s gauge of expectations rose to 16.9 in January from -23.3 in the previous month — better than any estimate in a Bloomberg survey of 27 ...

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