November, 2022

• 18 November

  UAE ministry, ADIO ink deal to attract foreign investments

  

    Abu Dhabi / WAM The Ministry of Foreign Affairs and International Cooperation (MoFAIC) and the Abu Dhabi Investment Office (ADIO) signed a memorandum of understanding (MoU) to promote cooperation in attracting foreign investments and capacity building. Both entities agreed to strengthen the UAE’s profile as an ideal destination for trade and investment, principally by enhancing the efforts of UAE ...

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• 18 November

  Sheikh Zayed Festival opens with a range of new fun, special events

  

  ABU DHABI / WAM The Sheikh Zayed Festival will begin on Friday and welcome visitors from all over the world with a line-up of cultural entertaining events and attractions including breathtaking drone shows and fireworks displays in celebration of the first day. The festival will run until March 18, 2023 at Al Wathba in Abu Dhabi. The Higher Organising Committee ...

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• 18 November

  Museum of the Future extends opening hours amid high demand

  

  Dubai / WAM Due to the high demand for museum tickets and an enormous appetite for exploring the future, the Museum of the Future is extending its opening hours by adding more visitor slots, meaning guests can now book slots for as late as 19.30. Tickets for the extended slots are now on sale and the new opening hours will ...

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• 18 November

  Sharjah launches ‘Treasure Hunt’ challenge

    Sharjah / WAM Public members get the chance to win airline tickets with Air Arabia in a ‘Treasure Hunt” challenge organised by Sharjah Museums Authority in celebration of 90 years since the day the first aircraft ‘Hanno” landed in Sharjah back on October 5, 1932. The challenge, held in Al Mahatta Museum every Saturday on November 19 and 26 ...

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• 18 November

  Etihad to welcome over 1.5mn travellers during winter break

  

    Abu Dhabi / WAM As visitors begin flying for the winter break and the many spectacular events taking place in Abu Dhabi, Etihad Airways looks forward to welcoming over 1.5 million travellers at Abu Dhabi International Airport. Shaeb Al Najjar, General Manager Hub Operations, Etihad Airways, said, “There has never been a better time to experience Abu Dhabi, with ...

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• 18 November

  Walmart rises most since 2020 on forecast, wealthy shoppers

  

    Bloomberg Walmart Inc stock soared the most in two years as US shoppers flocked to its stores to find discounts amid surging inflation, spurring surprisingly robust third-quarter results and an improved annual profit outlook. The world’s largest retailer also reported progress in reining in bloated inventories and unveiled a new $20 billion program to buy back its stock. On ...

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• 18 November

  Asia’s demand for big jets fuels Airbus’ post-Covid recovery

  

    Bloomberg Airbus SE expects Asia-Pacific airlines’ need for wide-body aircraft to drive a post-pandemic recovery in demand for the larger jets as the region starts to open up, according to a top executive. The surge in demand isn’t just to replace jets like ones from Airbus’s older A330-family, but also for fleet expansion, Anand Stanley, president of Asia Pacific ...

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• 18 November

  Singapore’s retail rentals yet to see gains from reopening

  

    Bloomberg Singapore’s retail space rentals are lagging the recovery seen in broader economic activity after the city-state ended Covid-19 curbs. Official data showed retail rents contracted 0.4% from the previous quarter — the third straight quarterly decline since 2021. That compares to an 11% average growth in retail sales during the same period, data compiled by Bloomberg show. Singapore ...

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• 18 November

  Adidas seeks cash from rare bond after Yeezy split, new CEO

  

    Bloomberg Adidas AG is raising debt from Europe’s bond market for the first time since dropping Ye, the artist formerly known as Kanye West, and just days after slashing profit expectations for a fourth time. The German sportswear brand is seeking €1 billion ($1 billion) from its debt sale, according to a person familiar with the matter, who asked ...

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• 18 November

  Estee Lauder seeks to buy Tom Ford for $2.8 billion

    Bloomberg Estée Lauder Cos. is close to a deal to buy US luxury brand Tom Ford, founded by the former longtime creative director for Gucci, the Financial Times reported. The transaction would value Tom Ford, a fashion empire that spans across menswear, eyewear, beauty and fragrance, at $2.8 billion, the report said. Ford, a 61-year-old Austin, Texas, native, started ...

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