Abu Dhabi / WAM The Abu Dhabi Securities Exchange (ADX) has completed a London investor roadshow, hosting a delegation of over 25 senior executives from nine listed companies and the exchange. Throughout the two-day event, the ADX delegation hosted 204 investor meetings across 47 one-on-one meetings and 37 group meetings, with a total of 89 institutional investors, including some ...
Read More »Dubai Culture, Hayi partner to drive emirate’s cultural scene
Dubai / WAM Dubai Culture and Arts Authority (Dubai Culture) has announced that it will be cooperating with ‘Hayi’ app, a free, local, social communication network for neighbourhoods in Dubai that encourages residents to communicate, endorse and befriend each other, create groups based on their locations, share common interests and preferences, as well as launch and participate in social ...
Read More »YB group forays into F&B sector
Dubai / Gulf Time After having firmly entrenched itself in the construction sector in the cosmopolitan city of Dubai which is synonymous with the posh shopping malls, penthouses and real estate activity, YB group, has forayed into food and beverage sector. The maiden venture of the Group in F&B sector is Kefi which is located in Al Mamzar, Dubai. ...
Read More »Emirates takes triple gold for third year in a row for safety
Dubai / WAM Emirates, renowned for its world-leading air transport services, has also been recognised for its outstanding ground transport services with awards in multiple categories, at the recent RoSPA awards, held for the first time in Dubai. The only airline to have achieved commendations three years in a row, the Emirates team took gold awards in three main ...
Read More »UK’s Johnson makes his biggest Brexit gamble yet
A bill introduced to Parliament by Foreign Secretary Liz Truss seeks to reform the Northern Ireland Protocol, revive Northern Ireland’s power-sharing arrangement and protect the Good Friday Agreement. On all three fronts, however, it is as likely to make things worse — all while damaging Britain’s international reputation and further straining relations with its largest trading partner. Perhaps the calculus ...
Read More »Ambani’s empire gets a new spin
After solidifying his control of a $2 telecom carriage business, the world’s seventh-richest man is seeking his next fortune in a $1 content-streaming enterprise. Actually, the spoils from the digital rights for Indian Premier League cricket, snagged by billionaire Mukesh Ambani’s Viacom18 by dethroning Walt Disney & Co for the next five years, aren’t even at the $1 mark yet. ...
Read More »Do computers have feelings? Who decides?
News that Alphabet Inc’s Google sidelined an engineer who claimed its artificial intelligence system had become sentient after he’d had several months of conversations with it prompted plenty of skepticism from AI scientists. Many have said, via postings on Twitter, that senior software engineer Blake Lemoine projected his own humanity onto Google’s chatbot generator LaMDA. Whether they’re right, or ...
Read More »ECB needs a bazooka to close the bond spreads
In July 2008, with the global financial crisis trashing the world’s economy, then US Treasury Secretary Henry Paulson asked legislators for the power to grant unlimited credit to his country’s mortgage agencies: “If you have a squirt gun in your pocket you may have to take it out; if you have a bazooka in your pocket, and people know ...
Read More »Air France-KLM raises $2.4b in rights issue to slash debt
Bloomberg Air France-KLM vowed to expand low-cost and transatlantic flights after raising 2.26 billion euros ($2.4 billion) to repay a chunk of the state aid that helped the carrier survive the Covid-19 crisis. The proceeds of the rights issue launched last month will be used to reimburse about 1.7 billion euros of bonds issued last year and held by ...
Read More »IndiGo looks close to get delivery of first cargo jet
Bloomberg IndiGo, India’s largest airline, looks close to inducting its first freighter plane as it seeks to capture the boom in air cargo driven by the pandemic. An IndiGo CarGo-branded aircraft was spotted at Seletar Airport in Singapore’s north east. Seletar is a much smaller airport than Changi Airport, serving mainly private jets, a few regional commercial flights and ...
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