October, 2023

• 9 October

  Under patronage of Khaled bin Mohamed bin Zayed, Abu Dhabi Poetry Festival to take place

  

  ABU DHAB / WAM Under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, the Abu Dhabi Poetry Festival will take place from October 12-15 at the Abu Dhabi National Exhibition Centre (Adnec), in cooperation with the Emirates Heritage Club. The festival is being ...

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• 9 October

  Arab Parliament President congratulates UAE on success of FNC elections

  

  CAIRO / WAM Adel bin AbdulRahman Alasoomi, President of the Arab Parliament (AP), has congratulated the UAE on the success of the Federal National Council (FNC) elections 2023. He praised the efforts exerted by the UAE and its supervising bodies on the electoral process that was characterised by integrity, valuing the awareness of the Emirati citizen who was keen to ...

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• 9 October

  ZHO, Philippines university sign pact on training students

  

  ABU DHABI / WAM Zayed Higher Organisation for People of Determination (ZHO) signed a joint memorandum of understanding with the Southwestern University PHINMA (SWU PHINMA) in the Philippines to train students of the College of Rehabilitative Sciences at the health care management departments of ZHO’s care and rehabilitation centres in neurological rehabilitation therapy services for children, as part of the ...

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• 9 October

  MBRF provides over 22,000 books to Emirates Schools Establishment

  

  DUBAI / WAM In line with the role of the Mohammed bin Rashid Al Maktoum Knowledge Foundation (MBRF) in enhancing education in the UAE, the Mohammed bin Rashid Al Maktoum Knowledge Foundation (MBRF) donated 22,000 books to the Emirates Schools Establishment (ESE) to be distributed at the newly established Zayed Education Complexes as part of the ‘My Family is Reading’ ...

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• 9 October

  Finnair plans $632mn rights issue to shore up finances

  

  BLOOMBERG Finnair Oyj plans to raise as much as €600 million ($632 million) issuing new shares, as the Finnish flag carrier seeks to prop up its balance sheet after its strategy was upended by the closing of Russia’s airspace in the wake of the war in Ukraine. The Finnish state, the carrier’s controlling shareholder, backs the offering and plans to ...

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• 9 October

  British Airways reaches tentative deal with pilots’ union

  

  BLOOMBERG British Airways (BA) reached a tentative labour agreement with unionised pilots, removing the threat of a walkout through 2027 as the flagship UK carrier cements a recovery from the Covid-19 era travel slowdown. The agreement in principle builds on pay and working-condition changes made last year, BA said in an emailed statement. Members of the British Airline Pilots’ Association ...

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• 9 October

  Blue Origin mishap caused by nozzle failure: FAA

  

  BLOOMBERG The US Federal Aviation Administration (FAA) says it has closed a mishap investigation into the botched flight of Blue Origin LLC’s New Shepard rocket, which suffered a mid-flight failure in September of 2022. The FAA says the problem was due to a structural failure of a nozzle in the New Shepard’s BE-3 engine, which caused the engine to overheat ...

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• 9 October

  Mexico Airport changes to affect passenger fee, other tariffs

  

  BLOOMBERG Government-imposed changes to the fees Mexican airports can charge will affect all of the companies’ tariffs and not just the charges for airline passengers, according to a person familiar with the matter. President Andres Manuel Lopez Obrador’s administration made changes to the formula that sets price caps for airport tariffs, including the passenger fee known as the TUA, the ...

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• 9 October

  Levi’s shares fall as sales weakness sparks downbeat outlook

  

  BLOOMBERG Levi Strauss & Co reported quarterly revenue that missed expectations as performance at retailers including department stores dragged down results, leading the company to cut its full-year sales outlook. The denim brand is taking a more “cautious approach” to its projections for the current quarter, according to a statement. It now expects full-year earnings per share, excluding some items, ...

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• 9 October

  Monte Paschi sale process kicks off as Italy hires advisers

  

  BLOOMBERG Italy began the process of selling Banca Monte dei Paschi di Siena SpA by hiring advisers as Prime Minister Giorgia Meloni seeks to maximise the value of the state’s controlling stake. The Finance Ministry will select legal and financial advisers to help in the sale, the ministry said in a statement. The disposal can be done in one or ...

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