June, 2022

• 2 June

  dnata to invest $100 million in green operations

  

    Dubai / Gulf Time dnata, a leading global air and travel services provider, announced that it would invest US$ 100 million in green operations in the next two years to further enhance environmental efficiency across its global network. The company’s ongoing investment in infrastructure, equipment and process improvement will support it to achieve its strategic objectives and reduce its ...

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• 2 June

  Adnoc L&S buys three more liquefied natural gas vessels

  

    Abu Dhabi / WAM Adnoc Logistics & Services (Adnoc L&S), the shipping and maritime logistics arm of the Abu Dhabi National Oil Company (Adnoc) and the region’s largest shipping and logistics company, announced on Thursday its decision to purchase three additional liquefied natural gas (LNG) vessels. Adnoc L&S is the region’s largest shipping and integrated logistics company and the ...

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• 2 June

  AFZ reports strong growth of 45% in its e-commerce sector

  

    Ajman / WAM Ajman Free Zone (AFZ) announced a remarkable growth of 45 percent in its e-commerce sector since the beginning of this year, reaffirming AFZ’s position as a global business hub with advanced solutions and state-of-the-art facilities. The announcement was made during AFZ’s attendance in the Seamless Middle East 2022 conference. The latest results can be attributed to ...

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• 2 June

  Seha implements new AI tech at 11 centres

  

    Abu Dhabi / WAM Abu Dhabi Health Services Company (Seha) has implemented artificial intelligence (AI) at 11 of its healthcare centres for significantly faster reading and interpretation of retinal images. In line with Seha’s commitment to enhancing patient outcomes through the latest innovations, the new service will largely benefit Seha’s diabetic patients and facilitate early detection and intervention of ...

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• 2 June

  Facebook’s Sandberg is leaving at a risky moment

  

    Sheryl Sandberg, the chief operating officer of Meta Platforms Inc, is resigning after 14 years of running the company alongside Mark Zuckerberg. It was “time to write the next chapter of my life,” she said in a 1,542-word post on Facebook accompanied by effusive comments from her fellow executives at the company. Her departure had been anticipated for some ...

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• 2 June

  Today’s pensions don’t favour Gen Z

  

  Even in 2022, pensions still command an aura of reverence. A benefit where you work for one company for 30 years and then retire with a livable wage? And you don’t have to fret about picking investments? What’s not to like? Although pensions are increasingly rare in the US, they’re not obsolete. About 38% of the private workforce had access ...

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• 2 June

  In US, is it a wake-up call for public education?

    A recent national analysis contained a deeply disturbing finding that has generated little public discussion when it should be causing an outcry: Nearly 1.3 million students have left public schools since the pandemic began. Most states have seen enrollment declines for two straight years. In New York City, K-12 enrollment has dropped by an astounding 9%. Given that state ...

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• 2 June

  Biden’s economic pride gives way to humility

    Treasury Secretary Janet Yellen has finally admitted how badly she underestimated the inflationary threat last year. Although President Joe Biden himself continues to insist the economy is better than it looks, even he acknowledges that Americans won’t view the economy more favourably until rising prices are tamed. He’s also offered the crucial concession that the Federal Reserve must be ...

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• 2 June

  Delta Air falls as jump in costs overshadow demand, pricing

  

  Bloomberg Delta Air Lines Inc fell, leading declines across the airline industry, after saying fuel and a decrease in flying capacity are driving costs higher than what the carrier had expected, overshadowing an otherwise upbeat forecast. Costs for each seat flown a mile, an industry gauge of efficiency, will be up as much as 22% this quarter compared to 2019 ...

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• 2 June

  Untrained pilots land passenger jet in India

  

    Bloomberg Vistara, an Indian joint venture of conglomerate Tata Group and Singapore Airlines Ltd, has been fined after a first officer landed a passenger flight without completing required training. The incident, which occurred during a landing in the central Indian city of Indore, was a serious violation that endangered the lives of passengers on board, according to a senior ...

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