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BLOOMBERG Indian carrier SpiceJet Ltd reported a net loss of 4.32 billion rupees ($52 million) for the three months through September, ending a run of three quarters of profits as more than a third of its planes were grounded. Second-quarter revenue fell 27% from a year earlier to 14.3 billion rupees, while total costs fell by the same amount to ...

BLOOMBERG Another Indian airline backed by a billionaire is on the brink of shutting down for good, having tried and so far failed to attract a savior after entering bankruptcy protection in May. Go Airlines India Ltd’s chances are fading. Chief Executive Officer Kaushik Khona quit at the end of November, saying he couldn’t get the carrier flying again and ...

SHARJAH / WAM The Sharjah Shopping Promotions 2023 kicked off on Friday with an opening event that delighted audiences, bringing smiles to the faces of all. Organised by the Sharjah Chamber of Commerce and Industry (SCCI), Sharjah Shopping Promotions is a leading promotional and entertainment event featuring countless programmes and shopping deals throughout the various regions and cities of Sharjah. ...

DUBAI / WAM The Museum of the Future (MOTF) welcomed over 30 Presidents, Prime Ministers and delegates from 30 different countries from around the world. As the 28th UN Climate Change Conference (COP28) successfully concluded at Expo City Dubai. The Presidents and Ministers visiting the Museum of the Future during their official visit to COP28 included Miguel Díaz-Canel, President of ...

DUBAI / WAM Dubai’s Roads and Transport Authority (RTA) has unveiled its Digital Strategy 2023-2030, with 82 projects and initiatives at a total investment of AED1.6 billion. The strategy aims to strengthen RTA’s global leadership in digital transformation, optimising the use of data, and constructing a digital infrastructure that is 100 percent agile and scalable. Key goals of the digital ...

FUJAIRAH / WAM HH Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi, Crown Prince of Fujairah, has emphasised the importance of horses in the Arab-Islamic heritage, and the significance of promoting the UAE’s traditional sports and popular heritage and spreading it globally. The Crown Prince of Fujairah made the remarks while attending the conclusion of the 8th edition of the ...

ABU DHABI / AD MEDIA OFFICE Under the directives of His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of the Board of Directors of the Environment Agency – Abu Dhabi (EAD), the agency has planted 44 million mangrove trees across Abu Dhabi since 2020 as part of the UAE’s efforts to combat ...

DUBAI / GULF TIME The real estate sector stands as an instrumental force in the UAE economy, constituting nearly 5.5% of the total GDP. Dubai, recognized as the world’s fourth busiest ultra-prime property market last year reported a remarkable 40% increase from to AED 97.55 Billion in Q3 2023 compared to AED 69.5 Billion in Q3 2022. As Dubai cements ...

ABU DHABI/WAM Yousef Saif Al Ali presented his credentials to Ibrahim Traore, Burkina Faso’s transitional President, as non-resident ambassador to Burkina Faso. Al Ali conveyed the greetings of His Highness Sheikh Mohamed bin Zayed Al Nahyan, UAE President, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness ...

ABU DHABI/WAM ADQ, an Abu Dhabi-based investment and holding company, and Azerbaijan Investment Holding (AIH), a strategic sovereign wealth fund located in Baku, have announced the formation of a joint venture with the aim of investing in sectors of mutual priority and interest, such as agriculture, technology, pharmaceuticals and energy infrastructure. The platform will seek and leverage investment opportunities with ...