December, 2022

• 13 December

  UAE’s health ministry wins three awards

    Dubai / WAM The Ministry of Health and Prevention (MoHAP) has won three awards in two separate competitions, strengthening its leadership and competitive position in the field of digital transformation. The ministry won the best government innovative application award from CXO Insight Middle East magazine. At the same time, Samir Al Khoury, Director of the Information Technology Department at ...

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• 13 December

  Sorbonne University Abu Dhabi unveils ‘Go Green’ initiative

  

    Abu Dhabi / WAM In light of the UAE hosting the COP28 in 2023 and climate change and global environmental concerns, Sorbonne Abu Dhabi University conducted the launch of “Go Green 2023” initiative in the presence of Professor Nathalie Drach-Temam, President of Sorbonne University, Professor Silvia Serrano, Vice-chancellor Sorbonne University Abu Dhabi and members of the academic, administrative and ...

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• 13 December

  Ethiopian Airlines planning to double fleet over next 12 years

  

    Bloomberg Ethiopian Airlines Group wants to almost double its fleet over the next 12 years and expand its global network as Africa’s largest carrier seeks to better compete with rivals linking passengers between Asia, the Americas and Europe. The state-owned carrier — Africa’s largest airline — is looking to increase its number of planes to more than 270 by ...

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• 13 December

  Adidas former brands head takes plant-based apparel to Mammut

  

    Bloomberg When Eric Liedtke was head of global brands for Adidas AG, he partnered the German company with celebrities like Beyonce and the rapper formerly known as Kanye West. Since departing three years ago, Liedtke has launched his own sports and streetwear brand, the Unless Collective, dedicated to building out the market for plastic-free and fully plant-based shoes and ...

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• 13 December

  Thai Airways in talks to add 20 twin-aisle passenger jets to fleet

  

    Bloomberg Thai Airways International Pcl is in talks with planemakers to add some 20 twin-aisle passenger jets, according to people familiar with the matter, as the beleaguered carrier seeks to refresh its fleet amid a travel rebound in Southeast Asia. Thai Airways held advanced discussions with Boeing Co recently about purchasing its 787-9 wide-body passenger jets, the people said, ...

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• 13 December

  Sears Hometown files for bankruptcy

    Bloomberg Sears Hometown Stores Inc filed for bankruptcy, court papers show. The retailer listed assets of no more than $50 million and liabilities of at least $50 million in its bankruptcy court petition, filed in Delaware. Chapter 11 bankruptcy allows companies to continue operating while working on a plan to repay creditors. Sears Hometown is a branch of the ...

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• 13 December

  China air travel demand surges as Covid zero rules eased

  

    Bloomberg China’s rapid unwinding of Covid Zero restrictions has spurred a sharp recovery in the world’s biggest domestic air-travel market, throwing a lifeline to the nation’s ‘Big Three’ airlines, which have racked up billions of dollars of losses since the start of the pandemic. Domestic flight activity jumped to around 65% of pre-pandemic levels, according to Chinese aviation data ...

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• 13 December

  France, Spain to pursue $2.6bn hydrogen pipeline plan

  

    Bloomberg France and Spain said they will move ahead with a 2.5 billion euro ($2.6 billion) hydrogen pipeline, easing past tensions over an alternative link as they seek to boost their status as European energy suppliers. The project will connect Portugal and Spain with France to transport about 10% of the bloc’s green hydrogen demand by 2030. French President ...

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• 13 December

  Paytm’s share buyback plan leaves its investors surprised

  

    Bloomberg Paytm’s plan to buy back shares has left investors surprised and worried about the loss-making Indian fintech firm’s growth prospects as it uses funds to prop-up its hammered stock. The board of One 97 Communications Ltd, the listed-entity that runs Paytm, was expected to decide on the buyback. The move comes as the stock has plunged about 75% ...

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• 13 December

  India’s Birla weighs selling insurance brokerage unit

  

    Bloomberg Aditya Birla Capital Ltd, controlled by billionaire Kumar Mangalam Birla, is considering selling its insurance brokerage unit as the group seeks to restructure its financial services business, people familiar with the matter said. The publicly-traded company has held talks with potential buyers about a sale of Aditya Birla Insurance Brokers Ltd as it failed to scale up the ...

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