Dubai Chamber sees 69% surge in new members in first 8 months of 2022

  DUBAI / WAM Dubai Chamber of Commerce, one of three chambers operating under Dubai Chambers, has revealed that over 27,100 companies joined as new members in the first eight months of 2022, marking a 69% year-over-year (y-o-y) increase and bringing total membership to over 314,000. Between January and August 2022, member exports and re-exports increased over 20% y-o-y to ...

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MBZUAI connects AI talent with employers at fair

  ABU DHABI / WAM Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) hosted its first in-person, Opportunities Fair, connecting graduate students with 38 employers from various industries and sectors. Companies such as Adnoc, Mubadala Investment Company (Mubadala), DP World, Du Telecom, Etisalat, G42, Hewlett Packard, McKinsey & Company, Careem, and more, took part in an exhibition and set of ...

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ME Design and Build Week and MEMT Expo kick off at Adnec

ABU DHABI / WAM Middle East Design and Build Week (MEDBW) and Middle East Manufacturing and Technology Expo (MEMT) kicked off on Monday at Abu Dhabi National Exhibition Centre (Adnec), UAE. The events support the national objectives of reforming the UAE’s industrial sector to achieve economic growth and strengthen the country’s footprint in the global manufacturing landscape. The events were ...

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Putin will love Europe’s ‘hot autumn’ of protests

Having launched a war of aggression and failed to win it, Russian President Vladimir Putin has little to celebrate these days. What will cheer him is seeing lots of western Europeans take to the streets this fall. He’ll use every prod and spur in his disinformation arsenal to goad the protesters into dividing their own societies — thereby weakening the ...

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Japanese philosophy for quiet-quitters

The world of management is abuzz about the idea of “quiet quitting” — the Gen Z, TikTok-boosted term for doing nothing more at work than the job description demands. Of course, there’s nothing new about this phenomenon — if Gen Z knew how to dial a call, they would understand the age-old concept of “phoning it in.” The inability to ...

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Droughts just don’t have to be this painful

  The world is parched. In California, a record heat wave has exacerbated the western US’s worst drought in centuries. Water levels in Europe’s Rhine River have been so low that at times over recent weeks this vital European waterway has been all but impassable to shipping. Asia’s longest river, the Yangtze, has struggled to feed farms and hydroelectric stations. ...

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President Biden should give Big Oil a bailout

  White House Chief of Staff Ron Klain has taken to tweeting the price of a gallon of gasoline on a daily basis, a habit that’s convenient for him as long as it continues its steady decline. The idea that President Joe Biden’s administration is somehow responsible for this decrease is wrong, of course, but the White House certainly took ...

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Air India to add 25 Airbus, five Boeing jets in revamp

Bloomberg Air India Ltd will induct 30 leased aircraft from Airbus SE and Boeing Co into its fleet starting December as its new owner Tata Sons Pvt. prepares to rebuild the former state-run airline. The carrier will add 21 A320neo jets in the second half of 2023 and four A321neo aircraft in the first quarter of calendar 2023, according to ...

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US companies step up fall travel: TripActions

Bloomberg US companies are overlooking uncertainty about the economy and booking fall trips at nearly six times last year’s rate after a flat summer for business travel, according to a report. While demand is climbing, average booked fares were down 23% to $419 in August from $543 in mid-May, travel manager TripActions said in the report. That was about $10 ...

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Kroger boosts profit forecast on robust grocery demand

Bloomberg Kroger Co exceeded Wall Street’s earnings estimates and raised its annual forecast, citing strong demand for food prepared at home and a shift toward private-label goods. Adjusted earnings in the current fiscal year will range as high as $4.05 a share, up from the previous forecast of no more than $3.95, Kroger said in a statement. The profit measure ...

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