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Dubai / WAM Tecom group, a member of the Dubai Holding group, on Thursday announced its intention to proceed with an initial public offering (IPO) and to list its ordinary shares for trading on the Dubai Financial Market (DFM). Tecom is the owner, manager and operator of 10 strategic, sector-focused business districts across Dubai and a major contributor to ...
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June, 2022
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10 June
UAE prioritises food security in its development plans: ICBA
Dubai / WAM Dr. Tarifa A. Alzaabi, Acting Director General of the International Centre for Biosaline Agriculture (ICBA), said the UAE is prioritising food security in its development plans and aims to utilise the latest technologies to increase production and address related challenges. She then expressed her appreciation for the visit of President His Highness Sheikh Mohamed bin Zayed ...
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10 June
UAE has become a globally trusted energy supplier: Al Mazrouei
Amman / WAM Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, said that the UAE, under the directives of its wise leadership, is continuing its pioneering efforts to forecast the future of the energy sector, in cooperation with its global partners, and has become a globally trusted energy supplier. He made this statement during his participation as ...
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10 June
Etihad Airways wins Apex’s ‘passenger choice award’
Abu Dhabi / WAM Etihad Airways has been recognised in the Airline Passenger Experience (Apex) Passenger Choice Awards in a glittering awards ceremony in Dublin, Ireland, on Wednesday. The UAE’s national airline took home the 2022 Passenger Choice Award for Best Entertainment in the Middle East. On Etihad’s E-BOX entertainment offering, guests will find over 200 movies, more than ...
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10 June
UAE sees 712 new recoveries from Covid-19
Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 286,851 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Thursday, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the ...
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10 June
World’s biggest Tudor boutique opens in Abu Dhabi
Abu Dhabi / Gulf Time HE Massimo Baggi, the honourable Swiss ambassador to the UAE, was the guest of honour at the opening ceremony of the Swiss watchmaker’s first exclusive mono-brand store in Abu Dhabi. Yousef Al Khoori, CEO of Mohammed Rasool Khoory & Sons, received the honourable ambassador in the presence of Roland Enderli, Sales Director of Tudor ...
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10 June
Merkel will enter history as UK’s Neville Chamberlain
There she was again, six months after exiting the German chancellery. Relaxed but pensive after long walks on blustering Baltic shores listening to Macbeth on audiobook, Angela Merkel had so much on her mind, so much she wanted to explain for posterity. But she didn’t come to offer apologies or mea culpas. Reflecting on decades of interactions with Russian President ...
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10 June
Kohl’s takeover saga nears conclusion
The six-month long saga over the fate of Kohl’s Corp is heading towards a conclusion. The department-store chain has entered into a three-week exclusivity period with Franchise Group Inc on a potential $60 per share cash offer, valuing the retailer at about $8 billion, the two companies said. Kohl’s shares rose as much as 11% before closing up 8%. But ...
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10 June
AI needs a babysitter, just like the rest of us
Back in 2018, Pete Fussey, a sociology professor from the University of Essex, was studying how police in London used facial recognition systems to look for suspects on the street. Over the next two years, he accompanied Metropolitan Police officers in their vans as they surveilled different pockets of the city, using mounted cameras and facial-recognition software. Fussey made ...
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10 June
India’s central bank is getting its way on rates
Back in February, when India was still in denial about its brewing inflation challenge, economists at Nomura Holdings Inc summarised the choices before the monetary authority into three neat boxes. First, they said, there was a 15% probability that the central bank was right to ignore supply-side pressures. But their base case, to which they assigned a 50% likelihood, ...
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