December, 2022

• 12 December

  HUB71 startups community raises $1b in venture capital

  

    Abu Dhabi / WAM Hub71, Abu Dhabi’s global tech ecosystem, on Monday announced its startup community has raised $1 billion (AED3.7 billion) in venture capital collectively since its launch in 2019. The milestone was achieved in a year which has seen Hub71 onboard 53 high growth technology companies each with a proven track record of attracting large-scale investment from ...

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• 12 December

  Abu Dhabi Police, Burjeel Holdings to cooperate in scientific research

  

  Abu Dhabi / WAM The General Command of Abu Dhabi Police has signed a memorandum of understanding (MoU) with Burjeel Holdings to cooperate in the areas of medicine, scientific research, and training and to offer high-quality medical services to the employees of the Abu Dhabi Police. The MoU was signed on behalf of the General Command of Abu Dhabi Police ...

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• 12 December

  Dubai International Chamber inaugurates three new offices

    Dubai / WAM Dubai International Chamber, one of the three chambers operating under Dubai Chambers, on Monday announced the opening of three new international representative offices based in Cairo, Tel Aviv, and Istanbul, respectively. The Cairo office was officially inaugurated at a special ceremony in the presence of Mariam Khalifa Al Kaabi, UAE Ambassador to Egypt; Omar Khan, Executive ...

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• 12 December

  DXB wins ‘Airport of the Year’ award

    Dubai / WAM Dubai International (DXB) has won the ‘Airport of the Year’ award at the Aviation Business Awards 2022. Paul Griffiths, CEO of Dubai Airports, received the award at a ceremony held in Dubai. DXB was chosen as the winner in the category based on its “unrivalled performance” over the past 12 months. The airport welcomed 28 million ...

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• 12 December

  DMCC launches its gaming centre to support gamers

  

    Dubai / WAM DMCC – the world’s flagship free zone and government of Dubai Authority on commodities trade and enterprise – has announced the launch of the DMCC Gaming Centre in support of the increasingly growing global and regional video games industry. Currently standing at $1.8 billion, revenues generated by the gaming industry in the Mena region are expected ...

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• 12 December

  UK’s small jets one of largest sources of lead pollution

  

    Bloomberg Over 370,000 UK homes could be “at risk” from toxic pollution near airports which the government underestimated by 14,000 times, according to a University of Kent study. The research suggests small piston-powered private planes which typically run on leaded fuel are one of the UK’s single largest sources of lead pollution, amounting to 11% of the total since ...

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• 12 December

  Cathay brings back first class on some key, popular routes

  

    Bloomberg Cathay Pacific Airways Ltd is bringing back first class seating on a handful of routes, joining several other carriers in reviving their high-end offerings as air travel recovers. Cathay relaunched first class on one of its daily Hong Kong-London flights last week, with Paris to be added from January 18 and Tokyo Haneda on February 1. First-class return ...

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• 12 December

  Holiday rush sparks chaos at India’s busiest airport in Delhi

  

    Bloomberg The holiday rush has crippled India’s busiest airport in Delhi, with irate passengers complaining on social media about missed flights and serpentine pre-boarding lines. Pictures posted on Twitter showed overcrowding at Delhi International Airport Ltd, with passengers grumbling about long waits for security check and mismanagement by airport staff. The government has even stepped in to help ease ...

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• 12 December

  Unilever weighs sale of US ice cream brands for $3bn

  

    Bloomberg Unilever Plc is weighing the sale of a portfolio of US ice cream brands that could be valued at as much as $3 billion, people familiar with the matter said. The UK consumer giant is working with advisers to review local brands such as Klondike and Breyers that may be considered for divestment, according to the people. International ...

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• 12 December

  UK fashion chain M&Co enters insolvency

    Bloomberg UK fashion chain M&Co Trading Ltd has gone into administration after struggling to cope with higher costs and waning consumer appetite. The retailer appointed Teneo to oversee the administration, seeking a possible sale of the business while M&Co’s 170 stores and website continue to operate, according to a statement. Around 1,900 staff are at risk of redundancy. M&Co ...

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