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ABU DHABI / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, has chaired the meeting of the Ministerial Development Council, as part of the UAE Government Annual Meetings 2023, taking place in Abu Dhabi. The meeting discussed projects and initiatives aiming to enhance the governmental work system. The ...

SHARJAH / WAM Sharjah Museums Authority (SMA) has recently drawn the attention of international audiences by showcasing Sharjah Emirate’s rich history and its array of unique destinations at the World Travel Market (WTM) 2023 in London. From November 6-8, in an event that brought together global representatives of the travel and tourism industry, SMA shared Sharjah’s vibrant cultural heritage and ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced the “Economic Principles of UAE”, aiming to further enhance the country’s economic performance and develop it into the world’s best and most active economy. His Highness Sheikh Mohammed bin Rashid Al Maktoum said, “Today, the Economic ...

DUBAI / WAM With the dynamic convergence of NextGen Leaders and the “Make it in the Emirates” features, this year’s Dubai Airshow 2023 promises to be a game-changer, driving transformative change across the aerospace and defence industries. During the mega event, NextGen Leaders will inspire and empower future aerospace professionals. The comprehensive programme offers an extensive range of strategic content ...

BLOOMBERG The US crackdown on airline consolidation faces a new test with the trial of a government lawsuit claiming the $3.8 billion takeover of Spirit Airlines by JetBlue Airways would reduce competition and boost fares for passengers. While investors consider approval of the deal to be a long shot, the trial set to start on Tuesday before a federal judge ...

BLOOMBERG Southwest Airlines Co said it has forged a two-decade agreement to buy as much as 680 million gallons of renewable jet fuel, part of the US carrier’s goal of slashing climate-polluting emissions. The sustainable aviation fuel (SAF) will be sold by Arizona-based USA BioEnergy LLC starting as early as 2028, Southwest said in a statement. USA BioEnergy is working ...

BLOOMBERG Warren Buffett’s Berkshire Hathaway Inc plans to sell yen-denominated corporate bonds for the second time this year, according to lead underwriter Mizuho Securities Co. The company is considering issuing the bonds in the near future, and sales will be limited to qualified institutional investors in Japan, according Mizuho, which said that itself and BofA Securities Japan Co will manage ...

BLOOMBERG Stocks edged lower as investors awaited clues on the path of interest rates from a raft of central bank officials including Federal Reserve Chair Jerome Powell.  Europe’s Stoxx 600 fell 0.1% and US equity futures traded little changed. The 10-year Treasury yields climbed by three basis points to 4.6%. West Texas Intermediate held at $77, near a three-year low. ...

ABU DHAB/ WAM The UAE has sent a further five planes carrying supplies and equipment to support the construction of a field hospital in the Gaza Strip, bringing to 16 the total number of aircraft sent as part of the UAE’s Gallant Knight 3 humanitarian operation. The cargo of these planes will be unloaded in the Egyptian city of El ...

ABU DHABI/ WAM Abu Dhabi Islamic Bank (ADIB), a leading financial institution, announced today that it has successfully raised USD 500 million via a green Sukuk offering, marking the world’s first ever green USD sukuk issued by a financial institution. ADIB, which is rated A2 by Moody’s and A+ by Fitch, in each case with a stable outlook, priced the ...