Abu Dhabi / WAM The Abu Dhabi Early Childhood Authority (ECA) has announced the launch of a new Parenting Programme with a consortium of partners including Zayed University, New York University Abu Dhabi (NYUAD), and the Emirates College for Advanced Education (ECAE). The consortium brings together leading Emirati and international academics, experts and researchers, with the aim of developing a ...
Read More »New insurance plans for Fifa World Cup visitors launched
Abu Dhabi / WAM The National Health Insurance Company – Daman, has announced the launch of a new range of health insurance plans for visitors to the UAE who intend to travel to Qatar for the football World Cup in November and December. The World Cup Travel Insurance Plan (Multi Trip) will cover visitors to the UAE who intend ...
Read More »Emicool signs pact to increase solar capacity by 238%
Dubai / WAM Emirates District Cooling Company (Emicool), a joint venture between Dubai Investments, a leading investment company listed on the Dubai Financial Market (DFM) and Actis LLC, a leading global investor in sustainable infrastructure, has signed a Power Purchase Agreement with Emirates Electrical Engineering (EEE), one of the solar market leaders in the UAE. The agreement confirms the ...
Read More »Best Buy soars most since 2020 after tempering rocky outlook
Bloomberg Best Buy Co. jumped the most in more than two years after modestly improving its profit forecast and signalling its recent sales slump is starting to ease. Adjusted operating income this year will be “slightly higher†than the previous forecast of 4% of sales, the consumer-electronics retailer said as it reported third-quarter results. In addition, the decline in ...
Read More »Escape slides of Airbus superjumbo at risk of bursting
Bloomberg Emergency slides on Airbus SE A380 superjumbos are in danger of bursting when deployed after suffering degradation while jets were idled during the coronavirus crisis, Europe’s aviation regulator warned. Operators of the double-decker must replace escape chutes on two over-wing and six upper-deck exits when returning their aircraft to service, the European Union Aviation Safety Agency (EASA) said in ...
Read More »Jollibee Foods plans to open 100 small stores in China next year
Bloomberg Jollibee Foods Corp. targets to open at least 100 stores in China next year, said its CEO, who sees lockdowns as a “temporary setback†to the Philippine fast-food chain’s target of getting half of sales from abroad. With food delivery expected to drive growth, the Philippine company that’s known for dishes like fried chicken and sweet spaghetti targets ...
Read More »Ice cream binge prompts chocolatier to boost output
Bloomberg The world’s largest maker of bulk chocolate is boosting production capacity in the Americas to meet rising demand from the ice cream industry. Barry Callebaut AG, whose clients include Nestle SA and Mars Inc., plans to increase factory capacity in the region by 15% in the next 18 to 20 months, said Steve Woolley, the company’s president for ...
Read More »US orange juice imports from Brazil rise
Bloomberg The US is stocking up on Brazilian orange juice after Hurricane Ian and disease devastated citrus groves in Florida, the top producing state for the popular breakfast beverage. Shipments to the US from the world’s top exporter are up 58% in the first four months of the season from a year ago, hitting a record 112,500 metric tons ...
Read More »Violent protests erupt at iPhone factory in China
Bloomberg Hundreds of workers at Apple Inc.’s main iPhone-making plant in China clashed with security personnel, as tensions boiled over after almost a month under tough restrictions intended to quash a Covid outbreak. Workers at the Foxconn Technology Group plant streamed out of dormitories in the early hours of Wednesday, jostling and pushing past the white-clad guards they vastly outnumbered, ...
Read More »Billionaire Adani’s firm weighs $1.8b fundraise
Bloomberg Adani Enterprises Ltd., the flagship firm of Asia’s richest person, is considering issuing at least $1.8 billion in new shares, according to people familiar with the matter. Billionaire Gautam Adani’s conglomerate is working with advisers on the follow-on issue and could sell the shares as soon as next year, the people said, asking not to be identified as ...
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