February, 2022

• 23 February

  Ewec to host third clean energy certificates auction

  

    ABU DHABI / WAM Emirates Water and Electricity Company (Ewec), a leading company in the integrated coordination of planning, purchasing and supplying of water and electricity across the UAE, announced it will host the third auction for Clean Energy Certificates (CECs) in Abu Dhabi, on March 14, following two successful auctions last year. CECs enable Abu Dhabi entities to ...

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• 23 February

  Deal signed to promote watersports in Dubai

  

    Dubai / WAM Dubai International Marine Club, the government body responsible for marine sports in Dubai, and P&O Marinas, DP World’s portfolio of world-class luxury marinas and picturesque harbours, have signed a cooperation agreement to enhance the strategic partnership and coordinate efforts to develop watersports activities and events. The agreement was signed at the P&O Marinas headquarters in Mina ...

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• 23 February

  Expo 2020 Dubai’s total visitation approaches 15m mark

  

  DUBAI / WAM Buoyed by global crowd-pleasers such as Coldplay at Al Wasl Plaza last week, Expo 2020 Dubai is on target to hit the 15 million total visit mark later this week. And with many more headline-grabbing names still to be announced over the coming weeks, those numbers are set to accelerate further, organisers said. As of February 21, ...

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• 23 February

  India inflation gets room to grow, but that may bite

  

  Inflation is getting a free pass in India. Policy makers seem to believe that by not raising interest rates and letting prices bubble up for a bit they will encourage investment and employment and boost post-pandemic growth. In reality, however, the connection between output, jobs and prices may be more complex. Ignoring inflation may just allow it to bite. India’s ...

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• 23 February

  Prepare to pay up for summer vacation

  

  We’re all finally going on a summer holiday. That’s the hope anyway. Evidence of a recovery in leisure travel is mounting, but we’ve been here several times before. There is still a risk that our wanderlust is curbed by the emergence of a new variant, an escalation of tensions in Ukraine or a surge in living costs. For now, though, ...

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• 23 February

  An all-new generation of masters of the universe

    For years, hedge fund managers were the undisputed masters of the universe. They influenced the fortunes not just of companies and markets but countries too. No more. They have been usurped at the top of the financial food chain by a new breed of market savant. Nowhere is the power shift more apparent than in South Korea. When Korea ...

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• 23 February

  Hidden message behind China’s Big Tech wipeout

    It’s the $96 billion — and counting — question for investors in China. After last year’s bruising crackdown on Big Tech, Wall Street has been speculating on when Beijing will relent. The latest selloff in benchmark tech stocks is a wake-up call that the worst is far from over. The government said that China’s online food-delivery platforms should reduce ...

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• 23 February

  Airbus to work with CFM on hydrogen engine technology

  

    Bloomberg Airbus SE is set to announce a partnership with engine-maker CFM International to work on hydrogen propulsion as it targets introduction of a passenger aircraft running on the fuel by 2035, according to people familiar with the matter. An announcement involves adapting a current-generation CFM engine to run on hydrogen, said the people, who asked not to be ...

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• 23 February

  Air France wins investors’ support for capital increase

  

    Bloomberg Air France-KLM has won shareholder support for a capital increase, and will go ahead when its stock price allows it, French newspaper Les Echos reported without saying how it obtained the information. The recapitalisation will take place in the next few months, with main shareholders including the French state, as well as the Netherlands, Delta Airlines and China ...

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• 23 February

  Kuwait Air adds smaller Airbus aircraft in restructured order

  

    Bloomberg Kuwait Airways restructured its order with Airbus SE, adding longer-distance single-aisle aircraft while reducing a commitment to the largest jetliners as it adapts to post-Covid demand. The loss-making airline added three A321LR narrowbodies, which will be used to serve mid-size destinations such as Manchester, England, from Kuwait. It also upscaled six A320neos to the bigger A321neo model, Chairman ...

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