December, 2022

• 6 December

  Abu Dhabi Space Debate, a great opportunity to face space sector’s challenges

  

  Abu Dhabi / WAM Sarah bint Yousef Al Amiri, Minister of State for Public Education and Advanced Technology, Chairperson of the UAE Space Agency and the Higher Committee of the Abu Dhabi Space Debate, said that the Abu Dhabi Space Debate is a great opportunity to find solutions to the challenges facing the space sector and enhance international cooperation that ...

  Read More »
• 6 December

  UAE’s Federal Tax Authority activates EmaraTax platform

  

    Abu Dhabi / WAM The Federal Tax Authority (FTA) has launched its new integrated and fully developed digital tax administration platform “EmaraTax” on Monday. The platform has been successfully activated, with all services now made available to taxpayers using the latest technologies implemented in the tax field around the world. In a press statement, the FTA asserted that the ...

  Read More »
• 6 December

  Adib launches its state-of-the-art digital command centre

  

    Abu Dhabi / Gulf Time Abu Dhabi Islamic Bank (Adib), a leading Islamic financial institution, on Monday announced the launch of one of the region’s first digital command centres, which allows the bank to utilise the power of data and artificial intelligence (AI) to drive greater efficiencies, optimise performance, enhance its preventive controls and be even more responsive to ...

  Read More »
• 6 December

  UAE gifts 51 Ghaf trees to African partners

    Abu Dhabi / WAM In celebration of 51 years of relations based on mutual respect and benefit with African countries, the UAE gifted 51 Ghaf trees to African partners as a gesture of cooperation and keenness to strengthen ties. Sheikh Shakhboot bin Nahyan Al Nahyan, Minister of State, remarked, “The late Sheikh Zayed bin Sultan Al Nahyan believed that ...

  Read More »
• 6 December

  Latest cost-of-living squeeze tests Nestle’s vitamins push

  

  Bloomberg Packaged-goods giants like Nestle SA and Unilever Plc have poured billions into acquisitions of vitamin brands in recent years, seeking growth beyond traditional businesses like stock cubes, ice cream and soap. The bet appeared to pay off when Covid hit, turbocharging demand for supplements as worried consumers sought to boost their defenses against a new and mysterious virus. Over ...

  Read More »
• 6 December

  Most creditors approve Hong Kong Air’s $6.3bn debt restructuring plan

  

  Bloomberg Most creditors of Hong Kong Airlines Ltd voted to support the carrier’s proposed HK$49 billion ($6.3 billion) debt restructuring, a step to stave off insolvency after travel to and from the city dried up the past three years. Of those voting among three classes of creditors, holders of at least 80% of the debt in each class backed the ...

  Read More »
• 6 December

  Ryanair cautious on first-quarter demand after strong Christmas

  

  Bloomberg Ryanair Holdings Plc Chief Executive Officer Michael O’Leary struck a cautious note on bookings in the first quarter, when factors like inflation, economic contraction and higher energy prices may prompt travellers to curtail spending following strong Christmas demand. “We expect it to be a little bit softer in the first quarter of next year, but then we think next ...

  Read More »
• 5 December

  United nears deal for 100 Dreamliners as part of fleet overhaul

  

    Bloomberg United Airlines Holdings Inc is in late-stage talks with Boeing Co and Airbus SE as the carrier mulls narrow- and widebody models for potential blockbuster orders to bolster its fleet. The Chicago-based airline is looking at taking more than 100 Boeing 787 Dreamliners as part of a “triple-digit” twin-aisle order that CEO Scott Kirby has touted to pilots, ...

  Read More »
• 5 December

  Dollar General cuts its profit forecast

    Bloomberg Dollar General fell after cutting its profit outlook on higher supply-chain costs and a shift in customer demand to less-profitable consumable products. Adjusted earnings will increase by no more than 8% in the current fiscal year, down from a prior forecast for growth of as much as 14%, Dollar General said. The new guidance trails Wall Street’s estimates ...

  Read More »
• 5 December

  Big plans to build Indonesia’s brand new capital fall apart

  

    Bloomberg With its gleaming offices, electric buses and economically productive residents, Nusantara is the quintessential modern metropolis—smack in the middle of a vast rainforest. At least, that’s what the government brochures depict. What they don’t show quite so clearly is where Indonesia will find $34 billion to build a new capital city from scratch. With just 18 months left ...

  Read More »