November, 2022

• 21 November

  Abu Dhabi appoints six real estate conciliators

    Abu Dhabi / WAM The members of the third batch of conciliators from Abu Dhabi Real Estate Dispute Resolution Centre (Taswiya) were sworn in before Youssef Saeed Al Abri, Under-Secretary of Abu Dhabi Judicial Department (ADJD), ahead of assuming their conciliatory duties to resolve real estate disputes through alternatives to litigation and amicable settlements. This swearing-in ceremony comes in ...

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• 21 November

  ‘Al Sanaa’ pavilion run by Emirati families opens at Global Village

  

    Dubai / WAM Hessa bint Essa Buhumaid, Minister of Community Development, inaugurated “Al Sanaa” pavilion for Emirati productive families at Global Village in Dubai, with the participation of 67 such families from October 25 to April 29, 2023, coinciding with the 27th season of Global Village. The opening was attended by Ahmed Aboul Gheit, Secretary-General of the Arab League, ...

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• 21 November

  Dubai Culture highlights aesthetics of Arabic calligraphy

  

    Dubai / WAM Dubai Culture and Arts Authority is opening the eyes of the local community, to present to them the origins of an ancient Middle Eastern artform through its ‘Arabic Calligraphy Art’ project. This represents a creative platform through which the authority interacts with Arabic calligraphy enthusiasts, giving the opportunity to learn it and develop their skills. The ...

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• 21 November

  Nike beats Adidas for winner of 2022 World Cup jersey battle

  

    Bloomberg At FIFA World Cup in Qatar, 13 of the 32 participating countries will be playing in jerseys provided by Nike Inc., the most by any sportswear sponsor at this year’s tournament. This year, Germany-based Adidas AG will outfit only seven nations. This is only the third time Oregon-based Nike has outperformed Adidas, and the biggest gap Nike has ...

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• 21 November

  Superdry seeks new funds to repay bank debt in tough market

  

    Bloomberg Superdry Plc is seeking to tap investment funds to repay banks on a loan due in January as the cost-of-living crisis hits consumer spending. The London-listed clothing company has been sounding out potential new investors to replace an asset-backed facility worth £70 million ($83 million). The company said it’s in “positive on-going discussions with lenders” when contacted by ...

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• 21 November

  Burberry’s new top team seeks growth in return to ‘Britishness’

  

    Bloomberg Burberry Group Plc’s new leadership plans a return to “Britishness” after a revamp by an Italian executive duo failed to keep the UK brand abreast of its luxury rivals. The new team of Chief Executive Officer Jonathan Akeroyd and creative chief Daniel Lee want to increase accessories to more than 50% of sales in the long term, banking ...

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• 21 November

  American-JetBlue alliance not justified, US argues

  

  Bloomberg The partnership between American Airlines Group Inc. and JetBlue Airways Corp. has “absolutely no justification,” US Justice Department lawyers told a federal judge in closing arguments for the agency’s antitrust suit against the airlines. The government is seeking to dissolve the Northeast Alliance, a partnership formed between American and JetBlue in 2020 to share routes, bookings and passengers in ...

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• 21 November

  Jeff Bezos’s Blue Origin expects launch in 2023

    Bloomberg Blue Origin, the space launch vehicle startup founded by Amazon.com chair Jeff Bezos, expects next month to complete a review of a recent accident but won’t send another rocket aloft until sometime in 2023. The company’s vice president of its New Shepard rocket’s mission and fight operations, Audrey Powers, told attendees at a conference in Washington, DC, that ...

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• 21 November

  JD reports higher quarterly sales

    Bloomberg JD.com Inc. reported higher sales last quarter after shoppers kept spending at China’s second-largest online retailer despite an economic downturn. Sales rose 11% from a year earlier to $34.2 billion in the quarter ending in September, the company said in a statement. That compared to the average forecast of 243.1 billion yuan from analysts surveyed by Bloomberg. The ...

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• 21 November

  UK debt binge threatens to haunt its bond market

    Bloomberg Investors are slowly coming to terms with the sheer size of the UK government’s borrowing needs over the next few years and it doesn’t look pretty. Net gilt supply in the next fiscal year is likely headed for an all-time record, according to bank estimates. For Citigroup Inc. strategists, the increase means the market needs to find twice ...

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