May, 2023

• 11 May

  UAE’s e&, Britain’s Vodafone form strategic partnership

  

  ABU DHABI / WAM e& and Vodafone Group Plc on Thursday announced that they have agreed to a strategic relationship that will bring the two operators closer together in certain aspects of their businesses. As part of this strategic relationship, e& and Vodafone have entered into a relationship agreement that establishes e& as a cornerstone shareholder of Vodafone. This is ...

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• 11 May

  European Union celebrates ‘Europe Day’ in Emirates

  

  ABU DHABI / WAM The European Union (EU) delegation to the United Arab Emirates hosted a diplomatic reception in Abu Dhabi to celebrate the 73rd ‘Europe Day’, with UAE partners, government officials, key figures and members of the diplomatic community and international organisations. Held at the Park Hyatt Abu Dhabi Hotel, the event was attended by Ayesha Bin Suwaidan, Director of ...

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• 11 May

  Masdar, Irena partner to triple global renewable energy capacity by 2030

  

  ABU DHABI / WAM Abu Dhabi Future Energy Company PJSC — Masdar, one of the world’s leading clean energy companies, has signed an agreement with the International Renewable Energy Agency (Irena) to cooperate on a major international knowledge project setting out the means to triple global renewable energy capacity by 2030. During the UAE Climate Tech Forum in Abu Dhabi, ...

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• 11 May

  MoHRE opens nominations for Emirates Labour Market Award

  

  DUBAI / WAM  The Ministry of Human Resources and Emiratisation (MoHRE) will begin accepting applications for the first edition of the Emirates Labour Market Award on June 1. The award, which was approved by the UAE cabinet in March will be held under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and ...

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• 11 May

  Sheikh Abdullah bin Zayed receives NDC delegation

  

  ABU DHABI / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, received a delegation from the National Defence College (NDC), headed by Major General Salem Saeed Al Shamsi, Commander of the NDC. HH Sheikh Abdullah expressed his warm welcome to the delegation from the NDC, a globally renowned specialist scientific institution, which plays ...

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• 11 May

  Aramex Q1 gross profit up 4% to hit AED358 million

  

  DUBAI / WAM Aramex on Thursday announced its financial results for the first quarter (Q1) ending on March 31. Aramex’s Q1 2023 revenues were driven by stable performance in international express and the resilience of the freight-forwarding and logistics and supply chain solutions businesses. Revenue continued to be impacted by currency fluctuations, inflationary pressures, and normalisation of worldwide shipping flows. ...

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• 11 May

  COP28 chief convenes CEO decarbonisation roundtable at UAE forum

  

  ABU DHABI / WAM COP28 President-Designate Dr Sultan Al Jaber convened a CEO roundtable on the sidelines of the UAE Climate Tech forum, bringing together oil and gas, heavy emitting industries, technology providers, bankers and financial institutions to discuss, debate and find tangible solutions to address the urgent need for decarbonisation and emissions reduction. The roundtable follows the call to ...

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• 11 May

  Etihad Cargo awarded TIACA rating for decarbonisation

  

  ABU DHABI / WAM Etihad Cargo, the cargo and logistics arm of Etihad Airways, has achieved a major milestone in its sustainability journey, achieving advanced ratings for key criteria in the BlueSky Sustainability Verification Programme assessment. The carrier was the first Middle Eastern airline to join the programme, which aims to assess, verify and validate the sustainability performance of air ...

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• 11 May

  TUI points to strong bookings for summer amid recovery

  

  BLOOMBERG TUI AG’s summer bookings are approaching pre-pandemic levels, the latest sign that the travel sector is recovering despite high inflation squeezing household budgets. The world’s biggest tour operator said booking volumes were at 96% of 2019 levels, led by demand for travel to Spain, Greece and Turkey. Prices are 26% higher than pre-pandemic levels, the company said. The stock ...

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• 11 May

  Bain Capital nearing $494m payout from Virgin Australia

  

  BLOOMBERG Virgin Australia Airlines Pty Ltd is close to paying A$730 million ($494 million) to its private equity owner Bain Capital, months before a possible listing in Sydney, according to a person familiar with the matter. The planned capital return is almost exactly the same size as the amount that Bain paid for Virgin Australia’s equity in 2020, said the ...

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