September, 2023

• 18 September

  Dubai Aerospace Enterprise closes $1.6b new financing facilities

  

  DUBAI/ WAM Dubai Aerospace Enterprise (DAE) on Monday announced that it has signed a new multi-tranche financing, structured as a combination of revolving credit facilities and term financing facilities, each comprising of conventional and Islamic tranches (the Facilities) with HSBC and JP Morgan acting as Joint Bookrunners and Joint Mandated Lead Arrangers. Following significant demand, the transaction was upsized in ...

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• 18 September

  ADSW to host special edition at COP28

  

  ABU DHABI/ WAM Under the patronage of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and withing the framework of his keenness to champion sustainability as a key pillar of the UAE’s economic and social progress and prosperity, Abu Dhabi Sustainability Week (ADSW), a global initiative championed by the UAE and its clean energy powerhouse Masdar, will host the ...

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• 18 September

  UAE President; Mohammed bin Rashid lead the nation in celebrating Sultan Al Neyadi’s homecoming

  

  ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has hailed the return of Sultan Al Neyadi as a moment of national pride for the UAE. His Highness the President was joined by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to witness the triumphant homecoming of the UAE astronaut. ...

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• 18 September

  Apple taps new leader for team developing glucose tracker

  

  BLOOMBERG Apple Inc has named a new leader for its secret group working on a noninvasive blood sugar monitor, putting a veteran iPhone and Mac chip executive in charge of one of the company’s most ambitious forays into health technology. Tim Millet, Apple’s vice president of platform architecture, has taken charge of the project after it was left without a ...

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• 18 September

  Apple tech support staff urged to stay mum on iPhone 12 radiation issue

  

  BLOOMBERG Apple Inc, facing a controversy in France over the iPhone 12’s radiation levels, has advised tech-support staff not to volunteer any information when consumers ask about the issue.  If customers inquire about the French government’s claim that the model exceeds standards for electromagnetic radiation, workers should say they don’t have anything to share, Apple employees have been told. Staff ...

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• 18 September

  Apple iPhone 15 Pro deliveries slip to October in sign of demand

  

  BLOOMBERG Apple Inc’s new iPhone 15 Pro quickly saw initial delivery times slip into October as the new flagship device went on sale for pre-orders, suggesting strong demand for the most-expensive models. Four iPhone 15 models became available for pre-order in several countries. The Pro Max, which starts at $1,199, saw its first deliveries slip from Sept. 22 to as ...

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• 18 September

  Swatch Group CEO opens factory to show budget Blancpain isn’t plastic

  

  BLOOMBERG Bright spaghetti-like strands jiggle across a conveyor belt at a manufacturing plant in Grenchen, Switzerland, before arching into a cutting machine that spits a shower of yellow pellets into an industrial-sized sack.  Nick Hayek, the 68-year-old chief executive officer of Swatch Group AG, reaches in and pulls out a handful. “Look, they’re still warm.” The pellets, made of a ...

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• 18 September

  Amazon ‘going big’ to fill delivery void left by Shopify’s retreat

  

  BLOOMBERG Amazon.com Inc is targeting a logistics void left by Shopify Inc’s abrupt retreat from shipping services earlier this year, which created an opportunity for the online retailer to make money delivering products ordered on sites other than Amazon.com. The e-commerce giant is promoting Buy With Prime, which was introduced last year and offers online merchants fast delivery of customer ...

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• 18 September

  Qantas’ staff sacking hampers its reputation

  

  BLOOMBERG Qantas Airways illegally sacked 1,700 ground workers during the pandemic, Australia’s top court ruled, delivering a further blow to the reputation of the country’s most-complained-about business. The High Court of Australia dismissed Qantas’ appeal against an earlier judgment that found the airline axed the employees unlawfully. Qantas now faces penalties and compensation payments to affected workers. Qantas outsourced ground-handling ...

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• 18 September

  Airlines shares slump most as American cuts view

  

  BLOOMBERG US passenger airline shares sank by the most since July after American Airlines Group Inc and discount carriers warned that higher fuel costs, labour costs and flagging interest in domestic travel were hurting their bottom lines. American slashed its third-quarter earnings outlook on a jump in jet fuel prices and payment of roughly $230 million in retroactive salary under ...

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