Ajman’s ACCI, Thai delegation discuss ways of cooperation

AJMAN / WAM The Ajman Chamber of Commerce and Industry (ACCI) has received a delegation from the VitalLife Scientific Wellness Centre in the Kingdom of Thailand to discuss ways of cooperation, exchange of experiences, and investment opportunities in wellness, healthcare, and medical tourism. The Thai delegation, which was headed by Dr Wanviput Sanphasitvong, was received by Salem Al Suwaidi, Director-General ...

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Mohammed bin Rashid meets with King of Bahrain in Abu Dhabi

ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, today met with His Majesty King Hamad bin Isa Al Khalifa of Bahrain at his residence in Abu Dhabi. His Highness welcomed His Majesty King Hamad bin Isa Al Khalifa to the UAE and underscored the ...

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Used jets rents surge 44% as airlines pay up to buoy fleets

BLOOMBERG Two out-of-production Airbus SE and Boeing Co jet series have become hot commodities, with plane values and monthly lease rates soaring for airlines fortunate enough to procure the aircraft. Used Boeing 737NG and Airbus A320ceo single-aisle models are now valued at about $20 million or more, according to analysts at Ishka, which specialies in aircraft pricing and valuation. The ...

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Canada Goose shares plunge to all-time low

BLOOMBERG Canada Goose Holdings Inc shares plummeted to a record low again in a row as economic and consumer pressures prompted a pair of analyst downgrades. The parka retailer’s stock fell 4.4% to close at $12.16, recovering some of its losses after sinking as much as 9.8% intraday following downgrades from Wells Fargo & Company and TD Cowen. The analysts ...

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American beats for Q3, cuts forecast on fuel

BLOOMBERG American Airlines Group Inc topped Wall Street’s expectations for third-quarter profit even as its forecast for the rest of the year fell short, underscoring the choppy environment as carriers are battered by climbing jet fuel prices. Adjusted full-year earnings will be between $2.25 and $2.50 a share, compared with its earlier outlook for as much as $3.75, American said ...

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L’Oreal shares fall as China sales hit by drop in travel retail

BLOOMBERG L’Oreal SA shares fell after the cosmetics maker reported weaker-than-expected sales growth, hurt by a challenging travel retail market in China and Korea. Like-for-like sales rose 11.1% in the third quarter, the French company said, below analysts’ estimates. Sales in the North Asia region unexpectedly tumbled 4.8%. “North Asia continued to be impacted by the reset in travel retail ...

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Greater Bay Airlines plans first mainland China flights in 2024

BLOOMBERG Hong Kong-based Greater Bay Airlines Co plans to expand its route network into mainland China next year, belatedly entering an essential market after the country remained off limits during the Covid pandemic. The carrier, a new entrant to an Asian hub dominated by Cathay Pacific Airways Ltd, will first fly to Shanghai and Beijing, and then gradually to cities ...

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Microsoft partners with Kagool on building the ‘Citizen Companion’

DUBAI/ GULF TIME Microsoft offered a glimpse into the AI-powered future of cities and workplaces at GITEX Global 2023. Under the show’s theme “The Year to Imagine AI in Everything,” Microsoft’s demonstrated how AI will revolutionize the way we live and work. Participating alongside 32 of its partners, Microsoft showcased the latest AI solutions and services designed to transform the ...

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iCubesWire secures Influencer Marketing Partnership with Himalaya in the Middle Eastern markets

DUBAI/ GULF TIME iCubesWire, a leading global Ad Tech Platform with full-fledged Content Production and Influencer Marketing capabilities, has bagged the Influencer Marketing mandate for Himalaya, the multinational wellness and personal care brand. This strategic partnership aims to elevate brand awareness and customer engagement in the booming markets of the Middle Eastern markets. In the thriving markets of the Middle ...

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