ABU DHABI: EIH Ethmar International Holding PJSC and Nirvana Holding, two leading companies based in Abu Dhabi, have announced a strategic acquisition deal, through which EIH acquired a stake in Nirvana Holding. This acquisition aims to strengthen Abu Dhabi’s position as a leading tourist destination and promote tourism investment and activities in the UAE capital by implementing and activating projects …

RAS AL KHAIMAH, UAE: While the global news media world is being disrupted by Artificial Intelligence (AI) led by bigtime players, news organisations in the UAE have been slow in the use and adoption of AI in newsrooms, according to a paper authored by three university researchers. The findings suggest that while the UAE as a nation is adopting AI …

Standard Chartered, in partnership with INNOVentures Global (Pvt.) Ltd., announces the launch of the 5th cohort of its Women in Tech (WiT) programme in Pakistan. A flagship programme of Futuremakers by Standard Chartered, the bank’s global initiative to tackle inequality and promote economic inclusion, WiT is designed to help address gender disparity in entrepreneurship. Through this programme, the Bank supports female-led enterprises via capacity …

Hassan Sheheryar Yasin, popularly known as HSY, has been officially appointed as the Global Goodwill Ambassador for LRBT (Layton Rehmatulla Benevolent Trust), one of the world’s largest eye care providers and free for the poor. LRBT has given free eye care to 53 million people since its inception in 1985. The prestigious appointment ceremony took place at LRBT’s largest facility …

FORT WORTH, Texas: American Airlines Group Inc. (NASDAQ: AAL) today reported its second-quarter 2023 financial results, including: Record quarterly revenue of $14.1 billion, a 4.7% increase year over year. Second-quarter net income of $1.3 billion, or $1.88 per diluted share. Excluding net special items1, second-quarter net income of $1.4 billion, or $1.92 per diluted share. Generated operating cash flow of …

News Desk ABU DHABI: His Excellency Abdulla Mohamed Al Mazrui, Chairman of the Federation of UAE Chambers of Commerce and Industry (FCCI) and Chairman of the Abu Dhabi Chamber of Commerce and Industry (ADCCI), said: “The UAE and Turkey have embarked on a new stage to strengthen their partnership on all levels. The two countries will work towards fostering bilateral …

By Rafiq Vayani DUBAI: Careem, the region’s leading multi-service app, introduces  a convenient way for cinema lovers in Dubai to browse for and purchase movie tickets, directly through the Careem app. By selecting the ‘Tickets and Passes’ icon on Careem, customers can search for, select, and purchase tickets for movies at all Dubai Reel Cinemas venues, including The Dubai Mall, …

SHANGHAI: The scuba diving industry of Malaysia is set to make waves at the upcoming Diving and Resort Travel Expo Shanghai (DRT) 2023, captivating Chinese travellers with its unparalleled underwater adventures. With diverse marine ecosystems, world-class dive sites, and warm hospitality, Malaysia is poised to become the ultimate scuba diving destination for Chinese enthusiasts. This event offers a one-of-a-kind chance …

LEOS Developments, a world-class international developer, proudly unveils its new Experience Centre in Bay Square, Business Bay. The grand inauguration of this 15,000-square-foot space was attended by LEOS management and esteemed members of the Dubai Land Department, reflecting the strong collaboration and strategic partnership between the two entities. Rui Liu, Founding Director of LEOS Developments, expressed his delight with the …

Riyadh Air has signed a Memorandum of Understanding (MoU) with Prince Sultan University (PSU) as part of wider initiatives to prepare the next generation of leaders within the Saudi Arabian aviation sector.  The MoU will see Riyadh Air build its first simulator center on the University’s Riyadh campus where future pilots will be trained in readiness to join Riyadh Air …