November, 2022

• 22 November

  Arada marks expansion into Dubai with launch of Jouri Hills

  

    Sharjah / WAM Arada has unveiled its first project in Dubai with the launch of Jouri Hills at Jumeirah Golf Estates, a luxury villa collection in the heart of one of the emirate’s most-sought-after residential and leisure communities. The latest phase in the 40 million square foot Jumeirah Golf Estates master plan, Jouri Hills contains 294 high-end homes located ...

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• 22 November

  Sheikh Mohamed, Turkmenistan president hold talks

  

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan and President Serdar Berdimuhamedow of Turkmenistan on Monday discussed the deep-rooted ties between the two nations and explored opportunities for boosting collaboration. His Highness Sheikh Mohamed received President Berdimuhamedow at Qasr Al Watan in Abu Dhabi and expressed his wishes that their meeting would accelerate joint cooperation ...

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• 22 November

  Masdar’s Green Reit acquires $254mn sustainable property

  

  Abu Dhabi / WAM Masdar Green Reit, the UAE’s first Real Estate Investment Trust to invest solely in sustainable real estate assets, has concluded the acquisition of property worth AED934 million ($254.28 million), taking its portfolio value to AED1.91 billion, with further assets identified for potential future investments. The announcement, made by the fund’s manager Masdar Capital Management Limited (MCML) ...

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• 22 November

  Sharjah gears up to celebrate National Day from Nov 24-Dec 3

  

    Sharjah / WAM Khalid Jasim Al Midfa, Chairman of the Sharjah National Day Celebrations Committee, said that the emirate is preparing to celebrate the annual National Day, which will include UAE citizens, residents and visitors. On the occasion, he congratulated President His Highness Sheikh Mohamed bin Zayed Al Nahyan, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President ...

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• 21 November

  Virgin slams Heathrow curbs, moots bid for own terminal

  

  Bloomberg Virgin Atlantic Airways Ltd. called on regulators to ensure London’s Heathrow airport returns to full capacity next summer and linked his support for a third runway to measures that improve competition with British Airways, such as Virgin’s own dedicated terminal. Chief Executive Officer Shai Weiss is concerned that 2023’s peak season will see a repeat of capacity caps imposed ...

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• 21 November

  Indonesia’s deal to buy 36 F-15 jets in ‘advanced stages’

  

  Bloomberg Indonesia’s defense chief said a $14 billion deal to purchase 36 new F-15 jets from Boeing Co. are in “advanced stages” after praising cooperation with the US during a visit by Defense Secretary Lloyd Austin. “Negotiations are continuing and we are at advanced stages of that negotiation,” Defense Minister Prabowo Subianto said on Monday at a news conference in ...

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• 21 November

  Court orders Amazon to cease, desist retaliating against activists

  

    Bloomberg Amazon.com Inc. must cease and desist from retaliating against employees for workplace activism, a New York federal judge ordered. The ruling requires Amazon to distribute the order to employees at a Staten Island warehouse and to read it to them at a meeting, but US district judge Diane Gujarati denied a request for an injunction to reinstate a ...

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• 21 November

  Thanksgiving holiday travel surge brings higher fares

  

    Bloomberg When Claudia Estudillo learned she had to be in Cancun on business close to Thanksgiving, she decided to bring her husband and daughter with her over the holiday. What she wasn’t prepared for is a cost of almost $300 more per person than she expected to pay. They’re making the trip anyway, joining the throngs at airports. Planes ...

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• 21 November

  Viva Aerobus sells $51m in green bonds

    Bloomberg Grupo Viva Aerobus SA, one of Mexico’s largest airlines, sold $51 million in its first sustainability-linked bond issuance, the company announced. Viva’s sustainability goal is to reduce jet fuel carbon emissions intensity per revenue passenger-kilometer by 35% in 2029 compared to a 2015 baseline. The company said it has a fleet with one of the lowest carbon dioxide ...

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• 21 November

  TSMC founder: Congratulating Xi on party congress was ‘personal’

  

  Bloomberg Taiwan Semiconductor Manufacturing Co. founder Morris Chang said the congratulations he offered Chinese President Xi Jinping about the congress that his ruling Communist Party recently held were his own “personal” view. “Taiwan’s Presidential Office told me beforehand that if there was an opportunity, there was no need to avoid meeting or greeting him,” Chang said Monday at a press ...

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