October, 2021

• 17 October

  Shurooq unveils four new hospitality projects in Sharjah

  

  Sharjah / WAM The Sharjah Investment and Development Authority (Shurooq) announced that the Mysk Moon Retreat has begun welcoming guests and bookings to experience the emirate’s first-of-its-kind luxury glamping destination, and unveiled four new luxury hospitality projects in Sharjah’s Central and Eastern regions which are: Al Jabal Resort in the city of Khorfakkan, a luxurious hotel in the city of ...

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• 17 October

  UAE reports 159 new recoveries from Covid-19

  Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 362,508 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, 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 necessary treatment. As ...

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• 17 October

  G7CR to launch STAB program for ISVs at Gitex Global 2021

  

  Dubai / Emirates Business G7 CR Technologies MEA LLC- the leading cloud managed service provider, announced the launch of its STAB program (Sales, Technical and Business Enablement) for Independent Software Vendor (ISV) in the MEA region. The program will provide for ISV’s benefits of up to $25,000 and will also focus on offering strategic support in Sales enablement, Tech enablement ...

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• 17 October

  This year, don’t count on your Black Friday bargain

  

  Don’t count on that Black Friday bargain. This holiday season, stores won’t be competing on price — the battleground will be availability. With shoppers buoyant (for now), there’s little need to simulate demand, while supply shortages and higher shipping and labour costs will push retailers to protect margins. That all adds up to fewer doorbusters. Already there’s evidence that deals ...

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• 17 October

  There’s no one to deliver the pizzas

  

  There’s no one to deliver the pizzas. Shares of Domino’s Pizza Inc initially fell after the largest pizza company in the world posted its first decline in US same-store sales in more than a decade. These results came as a shock to analysts and investors, who were expecting continued growth while the pandemic supercharges demand for takeout and delivery meals. ...

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• 17 October

  China’s cruise industry is finally set to sail

  On October 1, the 930-passenger Zhao Shang Yidun (or China Merchants Eden) departed from Shenzhen on an eight-day “Charming South China Sea” cruise. It’s a landmark voyage, and not just because it transits one of the world’s most hotly disputed waterways. The ship, jointly operated by Viking Cruises Ltd and state-owned China Merchants Group, is the first five-star luxury ship ...

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• 17 October

  Maybe Goldman should take rest of the year off

  Another day, another dollar — or rather another few billion dollars in surprisingly strong results from a big US bank. Goldman Sachs blew away the superlatives with forecast-beating profits and revenues across the board for the third quarter. You could almost hear the analysts throwing bouquets for outgoing Chief Financial Officer Stephen Scherr on his last call. Its shares were ...

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• 17 October

  Former Boeing pilot charged with fraud in 737 Max probe

  

  Bloomberg A former Boeing Co pilot was charged with deceiving US aviation regulators in the first prosecution related to two fatal 737 Max accidents that plunged the aviation titan into crisis. Mark Forkner, a former chief technical pilot for the company, was indicted on charges that he deceived the Federal Aviation Administration’s (FAA) Aircraft Evaluation Group during the agency’s evaluation ...

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• 17 October

  Virgin Galactic falls after commercial flight delay

  

  Bloomberg Virgin Galactic Holdings Inc is pushing the start of commercial flights further into next year after rescheduling a test flight, disappointing investors with the unexpected delay to its space tourism business plans. A program to upgrade the company’s spaceplane is taking place a month later than anticipated, forcing the delay of a planned research mission with a crew of ...

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• 17 October

  United Airlines bets big on European vacations

  Bloomberg United Airlines Holdings Inc is planning its largest expansion into Europe, anticipating a surge of pent-up demand following two years of weak bookings because of the coronavirus pandemic. The significant trans-Atlantic capacity increase reflects the airline’s expectation that next summer will deliver record traffic. Flights essentially shut down industrywide in 2020 and capacity was limited last year because of ...

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