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Abu Dhabi / WAM Abu Dhabi Islamic Bank (Adib), a leading Islamic financial institution announced that its retail customers were able to conveniently participate in the subscription to initial public offerings (IPOs) that were issued this year through its mobile app. 80% of clients subscribed IPOs that were issued in 2022 through Adib Mobile app in just a few clicks. ...
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November, 2022
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29 November
e& launches its FutureNow Sustainability Call initiative
Abu Dhabi / Gulf Time e& (formerly known as the Etisalat group) has on Monday announced the launch of its collaborative initiative; the FutureNow Sustainability Call. As part of the group’s overarching FutureNow campaign from e& enterprise, the global technology conglomerate is inviting technology and digital solution scale-ups to develop , sustainable solutions towards reducing energy consumption across the ...
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29 November
Dewa marks National Day with host of activities
Dubai / WAM In a distinguished patriotic atmosphere, Dubai Electricity and Water Authority (Dewa) celebrated the 51st National Day, with the participation of Saeed Mohammed Al Tayer, MD & CEO of Dewa, Executive Vice Presidents and Vice Presidents. Many employees and customers participated in the celebrations, which featured patriotic and heritage activities. Dewa’s celebrations of the National Day included ...
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29 November
Abu Dhabi Airports sees 4.7mn passenger traffic in Q3 2022
Abu Dhabi / WAM Abu Dhabi Airports, the operator of the five airports in the emirate of Abu Dhabi, on Monday released its passenger traffic results report for the third quarter of 2022. During this period, passenger traffic totalled 4.7 million passengers, a rise of 250% compared to the 1.3 million passengers in Q3 2021. The report highlights impressive ...
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29 November
Amazon to shutter some India businesses amid global cuts
Bloomberg Amazon.com Inc will wind down parts of its Indian operations, showing that even the crucial growth market with 1.4 billion consumers isn’t immune to Chief Executive Officer Andy Jassy’s cost-reduction campaign. The company said it is exiting meal deliveries as well as a service providing bulk doorstep deliveries of packaged consumer goods to small businesses. The exits will involve ...
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29 November
British Airways all set to double flights at Gatwick
Bloomberg British Airways PLC plans to double its operations at Gatwick Airport, rather than expand at Heathrow Airport Ltd, the Sunday Telegraph reported. The flag carrier intends to potentially double the number of aircraft based at the Sussex airport, going to between 24 and 28 planes from 14 currently, the paper said. The move comes after Heathrow was forced ...
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29 November
IndiGo plans to wet lease Boeing wide-body jets to meet demand
Bloomberg IndiGo is planning to fly another airline’s Boeing Co larger jets as it tries to plug capacity gaps amid a surge in travel demand. India’s biggest airline said in a statement on Monday that it is working on finalising a contract for inducting Boeing 777 aircraft on a so-called wet lease basis for the winter schedule. Wet leasing ...
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29 November
Australia retail sales fall for first time in 2022 as rates bite
Bloomberg Australian retail sales declined for the first time this year in October, suggesting that households are finally beginning to feel the strain of faster inflation and rising interest rates. Sales dropped 0.2% from September, confounding economists’ estimates for a 0.5% gain, Australian Bureau of Statistics (ABS) data showed on Monday. No one predicted a decline, with Commonwealth Bank ...
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29 November
EasyJet, Rolls-Royce test engine on hydrogen
Bloomberg EasyJet Plc and Rolls-Royce Holdings Plc said they successfully tested a converted jet engine running on hydrogen for the first time, as the aviation industry takes steps to move to alternative fuels and reduce green-house emissions. The test was conducted with a converted Rolls-Royce AE 2100-A regional jet engine using hydrogen created by wind and tidal power, EasyJet said. ...
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29 November
China economy braces for more slump as Covid, protests spread
Bloomberg China’s economic activity slumped in November and could drop further in coming weeks as Covid outbreaks spread across the country and protests against tighter virus restrictions escalate. Bloomberg’s aggregate index of eight early indicators showed a likely contraction in activity in November from an already subdued pace in October. With Covid cases spreading rapidly in each of China’s provinces ...
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