April, 2022

• 12 April

  UAE embassy, Dassault discuss cooperation

  

    PARIS / WAM A delegation representing the UAE embassy in Paris has visited Dassault Aviation to discuss opportunities for joint cooperation and means to further develop ties between the two sides. The delegation, headed by Hend Al Otaiba, UAE Ambassador to France, met with Eric Trappier, Chairman and CEO of Dassault Aviation, who praised the existing partnership with the ...

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• 12 April

  Empower’s Dubai network grows 33.2% in four years

  

    Dubai / WAM Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, has said that the total length of its district cooling pipeline network across Dubai exceeded more than 369 kilometers, as of the end of 2021, with a growth of more than 33.2 percent during the period between 2018-2021. The new total length of ...

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• 12 April

  SCI transports 144 tonnes of dates to Asia and Africa

    Sharjah / WAM The Sharjah Charity International (SCI) has transported 144 tonnes of dates to a number of countries, on the occasion of the holy month of Ramadan. This was carried out through 12 containers that reached five countries in Asia and Africa, in cooperation with the UAE’s embassies and consulates in these countries, the Ministry of Foreign Affairs ...

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• 12 April

  Air Arabia Abu Dhabi starts new route to Chennai

  ABU DHABI / WAM Air Arabia Abu Dhabi has announced the introduction of a new service to Chennai in India, starting from April 27. Abu Dhabi travellers will now be able to fly directly to Chennai International Airport at competitive prices. Commenting on the announcement, Adel Al Ali, Group Chief Executive Officer of Air Arabia, said, “We are proud to ...

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• 12 April

  dnata opens new cargo centre at Heathrow airport

  

    London / Gulf Time dnata, a leading global air and travel services provider, has inaugurated a new, state-of-the-art cargo centre at London Heathrow airport (LHR). Part of the company’s ‘dnata City East’ complex, the bespoke facility further increases dnata’s capacity at LHR, ensuring continued smooth handling of a broad range of goods amid rapidly increasing demand for reliable and ...

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• 11 April

  European natural gas declines with flows from Russia stable

  

    Bloomberg Benchmark European natural gas prices declined for a seventh consecutive session, with Russian flows to the continent continuing while the war in Ukraine grinds on. Orders for Russian gas shipments via Ukraine edged higher, but remained below capacity, while the Yamal-Europe pipeline continued to flow eastward to Poland from Germany. Gas transiting Russia’s main pipeline link to Europe, ...

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• 11 April

  Macron’s political race keeps on rumbling

  

  Emmanuel Macron is within striking distance of a historic re-election as French president after clinching a first-round lead against his far-right nemesis Marine Le Pen. Investors should be relieved, but not complacent. Round two on April 24 will be a close-run affair. Early results show France’s establishment parties in tatters. An increasingly fragmented electorate is looking for new answers after ...

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• 11 April

  Musk’s ‘tweet’ needed an edit button

  

  Oops. Looks like Elon Musk isn’t joining Twitter Inc’s board after all. Less than a week after Chief Executive Officer Parag Agrawal excitedly tweeted that the world’s richest man would get a seat, he’s now been forced to backpedal after saying Musk declined the offer. Musk was supposed to take up his post, Agrawal wrote in a memo subsequently posted ...

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• 11 April

  Jamie Dimon’s British startup is a global story

    Chase UK has many finance folk scratching their heads. Britain doesn’t need another online-only bank. It already has a host of scrappy upstarts making little headway against a handful of dominant traditional lenders. So why is JPMorgan Chase & Co spending time and money pursuing UK customers? If it wins a couple of percentage points of market share, the ...

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• 11 April

  Should ECB normalise its monetary policy?

    The central bank needs some new tools to navigate the unique challenges that are likely to confront the euro-zone economy. The war in Ukraine has left Europe facing both greater supply chain disruptions and higher prices for raw material, problems exacerbated by the region’s dependency on Russia energy. Against this backdrop, the European Central Bank (ECB) must find a ...

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