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Abu Dhabi / WAM The Abu Dhabi Department of Education and Knowledge (Adek) has formally inaugurated the all-new Al Karamah Training Institute (AKTI), a tailored education centre providing the Students of Determination in the emirate with an increasing level of independence and access to vocational training in eight main areas of specialisation. The institute was officially opened during a tour ...

Abu Dhabi / WAM Every year, the Abu Dhabi International Hunting and Equestrian Exhibition (Adihex) attracts major American and European manufacturers of hunting weapons. The hunting guns sector is a major attraction at Adihex, the largest and one of the most prominent events of its kind in the Middle East and Africa, where enthusiasts and professionals from throughout the world ...

Bloomberg Veolia Environnement SA agreed to acquire Suez SA, ending a long and bitter takeover battle with a sweetened offer. After months of fierce resistance from Suez’s management, Veolia unlocked a deal, pledging to sell back a bigger part of its French water rival to maintain competition. It also offered “social commitments” for employees of the utility. The deal gives ...

The US is once again facing a border crisis — a wave of asylum seekers from Central America. President Joe Biden knows that the only long-term way to make the issue go away is to improve the economies of Honduras, Guatemala and El Salvador. But doing that will require more than foreign aid, it will require US companies to actually ...

Some good news for the luxury industry: There’s no sign of all that revenge spending running out of steam. Despite pandemic restrictions still gripping many parts of the world, LVMH Moet Hennessy Louis Vuitton SE reported remarkable performance. The world’s biggest luxury goods group said sales rose 32% in the three months to March 31, compared with 2020. It’s a ...

As the late Swedish economist Assar Lindbeck memorably put it, “In many cases rent control appears to be the most efficient technique presently known to destroy a city — except for bombing.” And yet that’s never kept economic populists from passing new rent curbs. One of the most radical such attempts, watched by cities all over the world, was enacted ...

The Biden administration’s new sanctions on Russia matter more for what they say than for their economic impact. They say that this president, unlike his predecessor, has no illusions about the challenge Russia poses — nor about the kind of strategy that will be required to confront it. The new measures call out Russian interference in the 2016 and 2020 ...

Bloomberg Delta Air Lines Inc stuck to its upbeat financial forecasts despite posting a bigger-than-expected loss in the first three months of the year and jarring Wall Street with its outlook for cost pressures tied to the travel rebound. The carrier still expects to stop burning cash this quarter and to return to profitability in the third “if recovery trends ...

Bloomberg Avianca Holdings SA plans to raise $1.8 billion to repay debt and provide new financing as the Colombian airline eyes an exit from the bankruptcy reorganisation it was forced into last year during the pandemic-driven travel collapse. The air carrier retained Seabury Securities LLC to help raise the exit financing, likely a combination of debt and equity, the company ...

Bloomberg Wizz Air Holdings Plc CEO Jozsef Varadi said he’s no longer counting on a rebound in European air traffic this summer as travel restrictions persist and vaccine rollouts stutter. Uncertainty over the easing of curbs make it impossible to predict levels of demand in three or four months, and whether an envisaged increase in capacity to between 70% and 80% ...