Etihad Rail signs AED1.2b deal for passenger trains with Spain’s CAF

Abu Dhabi / WAM His Highness Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Chairman of Crown Prince Court and Chairman of Etihad Rail, has visited the final package of Stage Two of the UAE National Rail Network, which extends for 145 kilometres from Sharjah to Fujairah Port and Ras Al Khaimah, to review the progress of rail construction works ...

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GWU unveils cyber training course for women, families

  ABU DHABI / WAM The General Women’s Union (GWU) launched the first training course of the Cyber Pulse initiative for women and families, in collaboration with the UAE Cybersecurity Council, the Telecommunications and Digital Government Regulatory Authority (TDRA), the Supreme Council for Motherhood and Childhood and the Khalifa Empowerment Programme (Aqdar). The training initiative, held at the GWU headquarters ...

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Safqat, UAE’s online B2B marketplace, to debut soon

  Abu Dhabi / Gulf Time Aiming to make wholesale buying convenient, secure, and transparent, Safqat — an online B2B marketplace — will soon debut in the UAE market. Replacing traditional one-on-one interactions, Safqat provides a streamlined one-to-many model that reinforces supplier-buyer connection. The platform aims for suppliers to reach restaurants, caterers, supermarkets, and grocery stores with a simple click ...

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Emirates takes off to Tel Aviv with 335 passengers

  Dubai / Gulf Time Emirates has taken off to Tel Aviv, marking the airline’s first passenger flight to Israel. Emirates flight EK931 departed with 335 passengers, including a VIP delegation and Israeli media onboard at 1220hrs local time. Emirates executives onboard included: Adel Al Redha, Chief Operating Officer; Dr Abdulla Al Hashimi, Divisional Senior Vice President, Group Security; Adil ...

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DXB gears up to welcome 2.4mn passengers over 11 days

  Dubai / WAM Dubai Airports has issued a passenger advisory alerting travellers about Dubai International (DXB) getting exceptionally busy over the next two weeks as a result of schools breaking for summer and the Eid Al Adha holidays. According to the operator, some 2.4 million passengers are expected to pass through DXB between June 24 and July 4, with ...

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Waiting for a GSK mega deal hurts like toothache

There’s a UK mega-deal just waiting to happen. The difficult question for investors is how long that wait will be. The consumer-healthcare business of GSK Plc will be a takeover target when it’s spun out of the drugmaker in July. Haleon, as the manufacturer of Sensodyne toothpaste and Panadol painkillers is called, attracted a failed £50 billion ($62 billion) offer ...

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Divide on clean power is getting wider

To look at the way richer countries are spending money on the energy transition, you might think we’re within reach of bringing climate change under control. Investment in clean energy has only accelerated in the years since Covid-19 struck. In the second half of the last decade, it grew at a 2% annual rate. Since 2020, that’s risen to 12% ...

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Crypto is not too big to fail, even with FTX help

  “Turtles all the way down” is a handy phrase for describing how the human mind creatively fills in holes of logic. It allegedly springs from one person’s attempt to justify to the philosopher Bertrand Russell her belief that the world was floating on a giant turtle by imagining another turtle underneath it, and then another, to infinity. The image ...

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Powell has markets right as he wants them

  Federal Reserve Chair Jerome Powell believes that monetary policy is carried out through financial conditions, and for the time being he seems to like where they stand. As he told lawmakers, “the market has been reading our reaction function reasonably well.” That markets and the Fed are on the same page is good news for near-term volatility, but Powell’s ...

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FlySafair to add 10 routes in Africa

  Bloomberg South African airline FlySafair plans to add at least 10 new routes across sub-Saharan Africa to take advantage of a gap in the market left by the collapse of domestic rival Comair Ltd. The closely held carrier will fly to capital cities such as Nairobi, Lusaka and Maputo alongside holiday destinations including Victoria Falls, Zanzibar and Seychelles, according ...

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