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☆ Manchester City’s $500 Million Payroll Is Largest in English Soccer History
▼ + stars: | 2023-11-15 | by ( Tariq Panja | More About Tariq Panja | ) www.nytimes.com time to read: +1 min

Manchester City, the Premier League’s dominant team for much of the past decade, announced on Wednesday it had spent more on player salaries last season than any team in British soccer history, paying out more than $500 million as it claimed English and European championships. Cup and its first Champions League title — completing a so-called treble that only one English team had previously managed to do. City now trails only Barcelona in how much it pays its players in salaries, but unlike that Spanish superteam City’s expenditure has not resulted in financial crisis. Instead, City also announced record revenues of 712.8 million pounds, or almost $900 million — another British record — for the year through June 2023. The club’s annual statement also boasted a profit of 80 million pounds, double what it reported a year earlier.

Persons: Sheikh Mansour bin Zayed al Nayhan, City, Pep Guardiola Organizations: Manchester City, League’s, United Arab Emirates, Premier League Locations: Manchester, Spanish, City, Barcelona

☆ Manchester City report record profits to match best season on pitch
▼ + stars: | 2023-11-15 | by ( Lori Ewing | ) www.reuters.com time to read: +4 min

"The 2022-23 season saw Manchester City scale new heights and set new benchmarks," City chairman Khaldoon Al Mubarak, said in a statement. "In short, last season saw Manchester City achieve the greatest football and commercial year of its storied history." Commercial revenues accounted for 341.4 million pounds, followed by broadcast at 299.4 million and then matchday at 71.9 million, for a profit of 80.4 million, nearly doubling the previous year's record profit of 41.7 million pounds. Profits also benefited from significant player trading with 121.7 million pounds generated from transfers, up a significant 79.8% over the previous 12 months. On the pitch, manager Pep Guardiola guided City to a third successive Premier League title, an enthralling 2-1 FA Cup final victory over rivals Manchester United, and a first ever Champions League title.

Persons: Lee Smith, Sheikh Mansour, Khaldoon Al Mubarak, Pep Guardiola, Lori Ewing, Toby Davis Organizations: Soccer Football, Premier League, Manchester City, Chelsea, Etihad, Premier, Rights, Manchester City FC Ltd, Broadcasting, Champions League, FA, City, Brand Finance, Real Madrid, Manchester United, Deloitte Football Money League, soccer, Real, Club, Super League, Thomson Locations: Manchester, Britain, Rights MANCHESTER, England, Real Madrid

☆ Boeing wins orders worth $52 billion from Emirates at the Dubai Air Show
▼ + stars: | 2023-11-14 | by ( Associated Press | ) www.businessinsider.com time to read: +7 min

Emirates announced an order worth $52 million that includes 90 Boeing 777s at the Dubai Air Show . The orders marked a significant win for Boeing on the first day of the air show. AdvertisementAdvertisementDUBAI, United Arab Emirates (AP) — Long-haul carrier Emirates opened the Dubai Air Show Monday with a $52 billion purchase of Boeing aircraft, showing how aviation has bounced back after the groundings of the coronavirus pandemic, even as Israel's war with Hamas clouds regional security. Emirates, a main economic engine for Dubai amid its booming real estate market, announced record half-year profits of $2.7 billion Thursday. The deal includes 28 Boeing 737-8s and 17 Boeing 737-10s models, as well as the opportunity for another 45 Boeing 737 MAX aircraft.

Persons: —, Sheikh Hamad bin Mohammed Al Maktoum, Sheikh Ahmed bin Saeed Al Maktoum, Sheikh Saeed, Stan Deal, — Rafael, Israel Aerospace Industries —, Rafael, Khalifa Hifter Organizations: Emirates, Boeing, Dubai Air, Service, United Arab Emirates, Investment Corporation of Dubai, Al, Dubai World, Dubai International Airport, U.S . Air Force, Defense Systems, Israel Aerospace Industries, IAI, Meets Technology, Russian Helicopters, U.S, Roscosmos, Russian Knights, Associated Press, Libyan National Army, AP, United, Haqqani, Airbus, International Air Transport Association ., . Emirates, Riyadh Air, Turkish Airlines, Anadolu, Lufthansa, MAX, Royal Jordanian, Royal Air Maroc Locations: DUBAI, United Arab, Dubai, Sheikh, Emirates, Israel, Ukraine, Iran, UAE, Abu Dhabi, Russian, Afghan, Al, Riyadh, Saudi, Latvia, France

[1/2] Boeing Commercial Airplanes CEO Stanley Deal poses with Emirates airline COO Adel Al Redha and flyDubai CEO Ghaith Al Ghaith after Emirates airline and flyDubai placed orders at the Dubai Airshow for new aircraft from Boeing, in Dubai, United Arab Emirates, November 13, 2023. "Together these orders represent significant investments that reflect Dubai's commitment to the future of aviation," said Emirates and flyDubai Chairman Sheikh Ahmed bin Saeed Al Maktoum. In New York, Boeing shares rose 4.4% after the orders, which also included 45 narrow-body 737 MAX for German-Turkish airline SunExpress. LOWER BOOKINGSOther significant orders appeared to be in the works without being played out in public in Dubai. Saudi Arabia's newest airline Riyadh Air said it is still in talks with planemakers to place an order for narrow-body jets.

Persons: Stanley Deal, Adel Al Redha, Ghaith Al, Alexander, flyDubai, Sheikh Ahmed bin Saeed Al Maktoum, Joe Biden, Xi Jinping, Steven F, planemakers, Asharq, there's, Daniel Silke, Rafael, Tim Hepher, Alexander Cornwell, Pesha Magid, Valerie Insinna, Hugh Lawson, Lisa Shumaker, Navaratnam, Sharon Singleton Organizations: Boeing Commercial, Emirates, Dubai Airshow, Boeing, United Arab Emirates, REUTERS, Companies, Airbus, Turkish Airlines Airbus, Dubai, Aviation, SunExpress, Bloomberg, Industry, Air Lease Corp, Reuters, Turkish Airlines, Anadolu, Dubai . Saudi Arabia's, Riyadh Air, Saudia Airlines Group, Saudia Airline, Royal, Cape, Consultancy, rearm, Russia, Israel Aerospace Industries, IAI, Rafael Advanced Defense Systems, Thomson Locations: Ghaith Al Ghaith, Dubai, United Arab, DUBAI, Government, Emirates, New York, Turkish, UAE, Qatar, Saudi Arabia, Turkey, India, Gulf, Dubai . Saudi, Riyadh, Israel, Gaza, Cape Town, United States, rearm Ukraine

☆ Israel weapons makers leave stands empty at Dubai Airshow
▼ + stars: | 2023-11-13 | by ( Alexander Cornwell | ) www.reuters.com time to read: +3 min

DUBAI, Nov 13 (Reuters) - The exhibition stands of Israeli weapons makers Israel Aerospace Industries (IAI) and Rafael Advanced Defense Systems were empty at the start of the opening day of the weeklong Dubai Airshow on Monday, amid the Israel-Hamas war in Gaza. It was not immediately clear why there were no staff at either exhibition stand, which were located close to the pavilion of United Arab Emirates state arms maker EDGE. IAI and EDGE signed joint development programmes at the last Dubai Airshow in 2021. The IAI exhibition stand was blocked off with red rope. The UAE became the most prominent Arab nation to establish diplomatic ties with Israel in 30 years under the U.S.-brokered Abraham Accords in 2020.

Persons: Rafael, Gaza –, Abraham, Sheikh Mansour bin Zayed Al Nahyan, Sheikh Mohamed, Alexander Cornwell, Christopher Cushing Organizations: Israel Aerospace Industries, IAI, Rafael Advanced Defense Systems, United Arab, EDGE, Palestinian Hamas, UAE, Israel, Elbit Systems, Reuters, The, U.S, Abraham Accords, Arab League, of Islamic Cooperation, Thomson Locations: DUBAI, Dubai, Israel, Gaza, United Arab Emirates, Palestinian, Israeli, UAE, Arab, U.S, The UAE

☆ Emirates and flyDubai place Dubai Airshow jet orders
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +1 min

A Boeing 777-9, a variant of the 777X, performs a flying display at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 20, 2023. REUTERS/Benoit Tessier/File photo Acquire Licensing RightsDUBAI, Nov 13 (Reuters) - Dubai's Emirates placed an order for 90 more Boeing (BA.N) 777X jets at the opening of the Dubai Airshow on Monday, including both variants of the future long-haul jet. The world's largest international carrier also added five more Boeing 787s to an existing order, saying the total package of new widebody jets was worth over $50 billion at list prices. The 777X order includes 55 of the 400-seat 777-9 variant and 35 of the smaller 777-8, he told a news conference. Sister airline flyDubai also weighed in at the start of the biennial event with an order for 30 Boeing 787-9 in its first order for wide-body jets.

Persons: Benoit Tessier, Sheikh Ahmed bin Saeed Al Maktoum, flyDubai, Alexander Cornwell, Tim Hepher Organizations: Boeing, Paris, REUTERS, Rights, Dubai's Emirates, Emirates, Thomson Locations: Le Bourget, Paris, France, Rights DUBAI, Dubai

[1/6] A satellite image shows Al-Shifa hospital, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, in Gaza November 7, 2023. Israel says it is homing in on Palestinian Hamas militants who launched deadly attacks in southern Israel on Oct. 7, and says the group has command centers under and near the hospitals. "Tragically, the number of patient fatalities has increased significantly," he said in a post on X, formerly known as Twitter, adding that Shifa was "not functioning as a hospital anymore." The Israeli military response has also prompted anger, with hundreds of thousands protesting in capitals around the world demanding a ceasefire. "Al Quds hospital has been cut off from the world in the last six to seven days.

Persons: Tedros Adhanom Ghebreyesus, Tedros, Israel, Josep Borrell, Jake Sullivan, we've, Sullivan, Biden, Joe Biden, Emir Sheikh Tamim bin Hamad Al, Ashraf Al, Shifa, Ahmed El Mokhallalati, Crescent, Tommaso Della Longa, Nidal al, Dan Williams, Adam Makary, Ahmed Tolba, Sabine Siebold, Andrea Shalal, Simon Lewis, Diane Craft Organizations: Hamas, Maxar Technologies, REUTERS Acquire, World Health Organization, WHO, United Nations, European Union, Union, White, National, Israeli Defense Forces, CBS News, United, Reuters, Gaza's Health Ministry, Health Ministry, Palestinian, International Federation of Red, Red Crescent Societies, Thomson Locations: Israel, Palestinian, Gaza, GAZA, JERUSALEM, Shifa, United States, Washington, U.S, Emir Sheikh Tamim bin Hamad Al Thani, Lebanon, Iran, Iraq, Syria, Al, Quds, Al Quds, Jerusalem

☆ Largest Gaza Hospital 'Not Functioning' Amid Israeli Assault
▼ + stars: | 2023-11-12 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +6 min

By Nidal al-Mughrabi and Dan WilliamsGAZA/JERUSALEM (Reuters) - The largest hospital in Gaza has ceased to function and fatalities among patients are rising, the head of the World Health Organization (WHO) said on Sunday, as a blistering Israeli assault continues in the Hamas-controlled strip. "Tragically, the number of patient fatalities has increased significantly," he said in a post on X, formerly known as Twitter, adding that Shifa was "not functioning as a hospital anymore." The European Union condemned Hamas for using "hospitals and civilians as human shields" in Gaza, while also urging Israel to show "maximum restraint" to protect civilians. The Israeli military response has also prompted anger, with hundreds of thousands protesting in capitals around the world demanding a ceasefire. "Al Quds hospital has been cut off from the world in the last six to seven days.

Persons: Nidal, Dan Williams, Tedros Adhanom Ghebreyesus, Tedros, Israel, Josep Borrell, Jake Sullivan, we've, Sullivan, Biden, Joe Biden, Emir Sheikh Tamim bin Hamad Al, Ashraf Al, Shifa, Ahmed El Mokhallalati, Crescent, Tommaso Della Longa, Nidal al, Adam Makary, Ahmed Tolba, Sabine Siebold, Andrea Shalal, Simon Lewis, Diane Craft Organizations: World Health Organization, WHO, United Nations, European Union, Union, White, National, Israeli Defense Forces, CBS News, United, Reuters, Gaza's Health Ministry, Health Ministry, Palestinian, International Federation of Red, Red Crescent Societies Locations: Dan Williams GAZA, JERUSALEM, Gaza, Shifa, Israel, United States, Washington, U.S, Emir Sheikh Tamim bin Hamad Al Thani, Lebanon, Iran, Iraq, Syria, Al, Quds, Al Quds, Jerusalem

U.S. President Joe Biden holds a bilateral meeting with Qatar's Emir Sheikh Tamim bin Hamad al-Thani in the Oval Office at the White House in Washington, U.S., January 31, 2022. "The two leaders agreed that all hostages must be released without further delay," the statement said. Hamas fighters surged across the border from Gaza into Israel on Oct.7, killing about 1,200 people and taking more than 200 hostages, according to Israeli officials. Reuters last week reported that Qatar, where several political leaders of Hamas are based, has been leading mediation efforts between Hamas and Israeli officials over the hostages. Washington has rejected calls from Arab leaders and others for it to insist that Israel halt its assault on the Hamas-controlled Gaza strip.

Persons: Joe Biden, Emir Sheikh Tamim bin Hamad, Leah Millis, Emir Sheikh Tamim bin Hamad Al, Biden, Jake Sullivan, CNN's, Sullivan, Brett McGurk, Biden's, Benjamin Netanyahu, Al Thani, Washington, Andrea Shalal, Ahmed Tolba, Steve Holland, Hugh Lawson, Noeleen Walder, Diane Craft Organizations: White, REUTERS, Rights, Hamas, Reuters, CNN, U.S, East, Israel, Israeli, Biden, Thomson Locations: Thani, Washington , U.S, Emir Sheikh Tamim bin Hamad Al Thani, Gaza, Israel, Qatar, Egypt, United States, Brussels, Saudi Arabia, Jordan, Rafah

☆ Exclusive: UAE plans to maintain ties with Israel despite Gaza outcry, sources say
▼ + stars: | 2023-11-11 | by ( Alexander Cornwell | ) www.reuters.com time to read: +8 min

Abu Dhabi became the most prominent Arab nation to establish diplomatic ties with Israel in 30 years under the U.S.-brokered Abraham Accords in 2020. "The indiscriminate damage visited upon the people of Gaza in pursuit of Israel's security risks extinguishing that hope," she said. Israel and the UAE have developed close economic and security ties in the three years since normalisation, including defence cooperation. None of four sources ruled out that the UAE could downgrade or sever its ties if the crisis escalated. While criticising Israel's conduct of the war, Abu Dhabi has also condemned Hamas for its attack.

Persons: Ronen, Abu Dhabi, Israel ABU, Abraham, Sheikh Mohamed bin Zayed Al Nahyan, Benjamin Netanyahu, Sheikh Mohamed, Emir Sheikh Tamim bin Hamad Al Thani, Israel, Washington, Anwar Gargash, Lana Nusseibeh, Abu, Jordan, James Dorsey, Netanyahu, Israel's, Abdel Fattah al, Mohammed Mursi, Omar Hassan al, Bashir, Alexander Cornwell, Dan Williams, Steven Scheers, Maha El Dahan, Michael Georgy, Daniel Flynn Organizations: REUTERS, UAE, United Arab Emirates, Israel, U.S, Abraham Accords, Israeli, Qatari, UN Security Council, Reuters, West Bank, Gaza, National University of Singapore, European Union, Egypt's, Thomson Locations: Petah Tikva, Israel, UAE, Gaza, Israel ABU DHABI, Abu, Palestinian, Arab, United States, Abu Dhabi, Qatar, reining, East Jerusalem, Israeli, Iran, Yemen, OPEC, Al Aqsa, Islam, Egypt, Jerusalem

☆ Once-in-a-century flooding swamps Somalia after historic drought -UN
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +1 min

MOGADISHU, Nov 10 (Reuters) - The United Nations has described floods that uprooted hundreds of thousands of people in Somalia and neighbouring countries in East Africa following a historic drought as a once-in-a-century event. Large-scale displacement, increased humanitarian needs and further destruction of property remain likely, OCHA said, with some 1.5 million hectares (3.70 million acres)of farmland potentially being destroyed. "Extreme weather linked to the ongoing El Niño risks further driving up humanitarian needs in already-vulnerable communities in Somalia and many other places," said Martin Griffiths, Under-Secretary-General, the UN's Humanitarian Affairs and Emergency Relief Coordinator. "We know what the risks are, and we need to get ahead of these looming crises," he said. Reporting by Abdi Sheikh in Mogadishu and Hereward Holland in Nairobi; Writing by Hereward Holland Editing by Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.

Persons: El Niño, Camps, OCHA, Martin Griffiths, Abdi Sheikh, Hereward, Hereward Holland, Tomasz Janowski Organizations: United Nations, UN Office, Humanitarian Affairs, UN's Humanitarian Affairs, Emergency, Thomson Locations: MOGADISHU, Somalia, East Africa, Kenya, Mogadishu, Hereward Holland, Nairobi

☆ Gaza hospital ‘surrounded by tanks’ as other healthcare facilities say they’ve been damaged by Israeli strikes
▼ + stars: | 2023-11-10 | by ( Edward Upright | Rob Picheta | ) edition.cnn.com time to read: +5 min

Mustafa al-Kahlout, who heads the Al Nasr hospital and Al Rantisi Pediatric hospital in northern Gaza, told CNN that they were surrounded and asked for the Red Cross to assist with an evacuation. “We do not know our fate.”His call comes after strikes were reported near at least two other hospitals in northern Gaza. This included “two ambulances that were completely damaged,” the hospital statement said. It was not immediately clear if PRCS was referring to the same ambulances mentioned in the hospital’s statement. But the impact on healthcare facilities has raised concerns about the dire humanitarian situation for those remaining in northern Gaza.

Persons: heightening, Mustafa al, Al Nasr, ”, Kahlout, Al Shati, “, Al Awda, Khan, Ahmad Hasaballah, Shifa, Margaret Harris, haven’t, ” Israel, Volker Türk, Antony Blinken Organizations: CNN, Al, Pediatric, Israel Defense Forces, Indonesian, Nasser, Palestine Red Crescent Society, IDF, Health Organization, WHO, Palestinian Ministry of Health, United Nations Locations: Gaza, Sheikh Radwan, Al, Al Awda, Khan Younis, Palestine, Wadi Gaza, Gaza City, Israel, Ramallah

☆ Qatar's emir holds talks in Egypt on ending Gaza violence
▼ + stars: | 2023-11-10 | by ( Mohamed Wali | ) www.reuters.com time to read: +2 min

Qatar's Emir Sheikh Tamim bin Hamad al-Thani attends the Arab League Summit in Jeddah, Saudi Arabia, May 19, 2023. Qatar said "joint efforts to stop the aggression against Gaza, reduce escalation and bring in urgent humanitarian aid" were discussed. Since then Israel has launched an unrelenting bombardment and an armoured invasion of Hamas-ruled Gaza, where more than 10,000 people have been killed, according to Palestinian officials. Evacuations through Rafah restarted on Thursday following a pause after the Red Cross said one of its convoys escorting evacuees was targeted inside Gaza. The United Nations said 65 aid trucks entered Gaza from Egypt on Thursday, well below the number needed to address a deepening humanitarian crisis.

Persons: Sheikh Tamim bin Hamad, Thani, Abdel Fattah al, Sheikh Tamim bin Hamad Al Thani, Cross, Israel, Mohamed Wali, Nayera Abdallah, Nadine Awadalla, Aidan Lewis, Nick Macfie, Alex Richardson Organizations: Arab League Summit, Saudi Royal Court, REUTERS, Rights, U.S . Central Intelligence Agency, CIA, Hamas, United Nations, United, Thomson Locations: Jeddah, Saudi Arabia, Bandar, Rights CAIRO, Qatar, Egypt, Cairo, Gaza, Qatari, Doha, Israel, Hamas, Rafah, United States

☆ Oil is struggling this week but could be primed for a near-term bounce, analysts say
▼ + stars: | 2023-11-10 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

Oil prices may be due for a pop after their recent struggles, according to two analysts. International benchmark Brent is down 3.7% this week, while U.S. West Texas Intermediate futures have lost nearly 4%. Flynn said virtually everyone in the market right now is short oil futures. "You could easily mount a recovery here because we're probably the most oversold in a year in the market," said Flynn. OPEC+ will meet in two weeks and could take action to defend prices while there's still a low risk of regional war.

Persons: Phil Flynn, Flynn, we're, Hossein Amir, Abdollahian, Qatar's Sheikh Mohammed bin Abdulrahman, Maximilian Layton, there's, Layton Organizations: Brent, U.S, West Texas, Price Futures, Iranian, Iran's Press, Citi Locations: Europe, China, Qatar's Sheikh Mohammed bin Abdulrahman Al Thani, Gaza, OPEC, Israel, Iran

[1/5] Smoke rises over Gaza as seen from southern Israel, amid the ongoing conflict between Israel and Palestinian group Hamas, November 10, 2023. "The Israeli occupation launched simultaneous strikes on a number of hospitals during the past hours," Gaza Ministry of Health spokesman Ashraf Al-Qidra told Al Jazeera television. Israel said Hamas has hidden command centres and tunnels beneath Al Shifa, and other hospitals such as the Indonesian Hospital, allegations Hamas denies. Palestinian officials said 10,812 Gaza residents had been killed as of Thursday, about 40% of them children, in air and artillery strikes. The Israeli military has allowed some wounded Palestinian civilians to cross into Egypt for treatment.

Persons: Evelyn Hockstein, Hossein Amir, Amir, Abdollahian, Sheikh Mohammed Bin Abdulrahman Al, Ashraf Al, Qidra, Al Shifa, Israel, Nasr, ISRAEL, Joe Biden, John Kirby, Benjamin Netanyahu, Netanyahu, Nidal al, Angel, Emily Rose, Maayan, Rami Amichay, Steve Holland, Matt Spetalnick, Humeyra Pamuk, Cynthia Osterman, Michael Perry, Grant McCool, Simon Cameron, Moore Organizations: Hamas, REUTERS, Iranian, Press, Gaza Ministry, Health, Al, Indonesian, Reuters, Islamic, Rights Watch, Rantisi Pediatric Hospital, Indonesian Hospital, White House, Fox News, Thomson Locations: Gaza, Israel, Palestinian, Iran, GAZA, DUBAI, U.S, Sheikh Mohammed Bin Abdulrahman Al Thani, Iran's, Israeli, Al Jazeera, Gaza City, Al, Lebanese, Indonesia, Egypt, Jerusalem, Tel Aviv, Washington

The Gaza war on the border with Egypt's Sinai Peninsula comes after the impact of Russia's invasion of Ukraine and the coronavirus pandemic exposed long-standing frailties in the Egyptian economy. "Foreign sentiment on Egypt is so weak, and now with this coming along it's last thing that Egypt needed. A foreign currency shortage has led to a $5 billion backlog of imports stuck at ports, and problems for foreign companies repatriating dividends, bankers say. So far, the Gaza war has affected the popular Sinai destinations of Taba, Nuweiba, Dahab and Sharm el-Sheikh but left the rest of the country relatively unscathed. Egypt's tourism minister told Reuters this week that the impact of the war was contained to under 10% of bookings.

Persons: Mohamed Abd El Ghany, Monica Malik, Moataz, Sharm, Karim ElMinabawy, Siamak Adibi, Egypt's, Olumide Ajayi, Malik, Patrick Werr, Sarah El Safty, Aidan Lewis, Toby Chopra Organizations: REUTERS, Abu, Tourism, Countrywide, Emeco, Middle East Gas, FGE, United Arab, Thomson Locations: Giza, Cairo, Egypt, CAIRO, Gaza, Ukraine, Dhabi, Taba, Dahab, Luxor, Aswan, Israel, Europe, Saudi Arabia, United Arab Emirates, Kuwait, Qatar, Gulf . Saudi

☆ Emirates Group posts record half-year profit of $2.7 billion
▼ + stars: | 2023-11-09 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

DUBAI, United Arab Emirates — Emirates Group posted its highest-ever half-year earnings, reporting net profit of 10.1 billion dirhams ($2.75 billion) for 2023-24 on rebounding demand. The figure eclipsed its half-year profit of the previous year — 4.2 billion dirhams — by 138%. Group revenue was 67.3 billion dirhams, up 20% from the previous year's six-month revenue figure. Emirates Group, the state-owned Dubai-based holding company of which Emirates Airline is a subsidiary, also reported a figure for earnings before interest, taxes, depreciation, and amortization (EBITDA) of 20.6 billion dirhams, up from 15.3 billion dirhams the same period last year. It reported its cash position at 42.7 billion dirhams.

Persons: Sheikh Ahmed bin Saeed al Maktoum, Al Maktoum Organizations: United Arab Emirates — Emirates Group, Emirates Group, Emirates, Emirates Airline, Group Locations: DUBAI, United Arab, Dubai

☆ Palestinian Authority Open to Gaza Role if U.S. Backs 2-State Solution
▼ + stars: | 2023-11-09 | by ( Mark Landler | More About Mark Landler | ) www.nytimes.com time to read: +2 min

The Palestinian Authority has told the Biden administration that it is open to a governance role in post-Hamas Gaza if the United States commits to a full-fledged two-state solution to end the Israeli-Palestinian conflict, according to a top official of its parent, the Palestine Liberation Organization. American officials say the Palestinian Authority must play a central role in Gaza after Israel completes its military mission to destroy Hamas, which the authorities say killed 1,400 civilians and soldiers in its Oct. 7 attacks. The Palestinian Authority, which administers the West Bank, has signaled that it is willing to take on a such a role. Mr. al-Sheikh said he had no confidence that the current Israeli government, which has pushed to annex large parts of the West Bank, would agree to those terms. “Where is the partner on the Israeli side?” he asked.

Persons: Biden, Hussein al, ’, Antony J, Blinken, Sheikh, Israel Organizations: Palestinian Authority, Palestine Liberation Organization, West Bank, The New York Times, White, Hamas Locations: Gaza, United, Palestine, East Jerusalem, Ramallah, Israel, Palestinian

☆ Mossad, CIA chiefs meet Qatar PM in Doha on Gaza hostage deal -source
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Mary F. Calvert/File photo Acquire Licensing RightsDOHA, Nov 9 (Reuters) - The CIA and Mossad chiefs met with the Qatari prime minister in Doha on Thursday to discuss the parameters of a deal for hostage releases and a pause in Hamas-Israel fighting in the Gaza Strip, a source briefed on the meeting told Reuters. Sheikh Tamim was accompanied by the Qatari prime minister. The statement said the purpose of the visit was to discuss the situation in Gaza. Unlike Qatar, the UAE has had diplomatic relations with Israel since a U.S.-brokered normalisation agreement in 2020. Reporting by Andrew Mills; writing by Maha El Dahan; editing by Toby Chopra and Mark HeinrichOur Standards: The Thomson Reuters Trust Principles.

Persons: William Burns, Mary F, David Barnea, Sheikh Mohammed Bin Abdulrahman, Thani, Qatar's Emir Sheikh Tamim bin Hamad Al Thani, Sheikh Mohamed bin Zayed Al Nahyan, Sheikh Tamim, Andrew Mills, Maha El, Toby Chopra, Mark Heinrich Our Organizations: Central Intelligence Agency, Intelligence, REUTERS, Rights DOHA, CIA, Reuters, Qatari, Wednesday, United Arab, Thomson Locations: Washington , U.S, Doha, Israel, Gaza, Qatar, Qatar's, United Arab Emirates, Abu Dhabi, UAE, U.S

REUTERS/Mohammad Ponir Hossain/File photo Acquire Licensing RightsNEW DELHI, Nov 9 (Reuters) - Global fashion retailers including H&M (HMb.ST) and Gap (GPS.N) are committed to raising purchase prices for Bangladesh-made clothing to help factories there offset higher workers' wages, a U.S.-based association representing more than 1,000 brands said. Asked if they would raise purchase prices by the 5-6% that costs will rise, Stephen Lamar, chief executive of the American Apparel & Footwear Association (AAFA), told Reuters: "Absolutely". "We also renew our pleas for the adoption of an annual minimum wage review mechanism so that Bangladeshi workers are not disadvantaged by changing macroeconomic conditions." Low wages have helped Bangladesh build its garment industry, which employs about 4 million people. Retailers in the United States and Europe are the main buyers of Bangladesh-made clothes.

Persons: Mohammad Ponir Hossain, Stephen Lamar, Lamar, Sheikh Hasina, Hasina, Krishna N, Ruma Paul, Miral Organizations: The Civil Engineering, REUTERS, Labour, American Apparel & Footwear Association, Reuters, International Labour Organization, Abercrombie & Fitch, Bangladesh, Retailers, Thomson Locations: Dhaka, Bangladesh, DELHI, U.S, China, Vietnam, Cambodia, United States, Europe

[1/5] Garment workers come out of a factory during lunch hours at the Ashulia area, outskirts of Dhaka, Bangladesh, November 8, 2023. A panel of factory owners, union leaders and officials agreed to the increase unanimously, said Siddiqur Rahman, the owners' representative. "We continue to recommend that the government of Bangladesh adopt an annual minimum wage review mechanism to keep up with changing macroeconomic factors," the letter said. In addition to the wage increase, the government has said that workers would be given a 5% annual increment. Babul Akter, president of the Bangladesh Garment and Industrial Workers Federation, urged global brands to pay more, saying: "There could be some problems for the owners to cope with the increased salaries."

Persons: Mohammad Ponir Hossain, Siddiqur Rahman, Rahman, Inditex, Hugo Boss, Fazlul Hoque, Hoque, Levi Strauss, Armour, Sheikh Hasina, Akter, Abdus Salam Murshedy, Murshedy, Krishna N, Ruma Paul, Miral Organizations: REUTERS, Rights DHAKA, Reuters, Inc, Knitwear Manufacturers, Association, Labour, Abercrombie & Fitch, Adidas, Puma, Bangladesh Garment and Industrial Workers Federation, Envoy Group, Walmart, Hasina's Awami League, Das, Thomson Locations: Dhaka, Bangladesh, DELHI, China, Zara, Ukraine, New Delhi

☆ Dubai ruler approves 246.6 billion dirham budget for 2024-2026
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +1 min

Horse Racing - Dubai World Cup - Meydan Racecourse, Dubai, United Arab Emirates - March 30, 2019 Dubai's Ruler Sheikh Mohammed bin Rashid al-Maktoum, Prime Minister and Vice-President of the United Arab Emirates gestures from the podium during the trophy presentation for the Dubai World Cup Sponsored By Emirates Airline ... Acquire Licensing Rights Read moreDUBAI, Nov 6 (Reuters) - Dubai's ruler Sheikh Mohammed bin Rashid al-Maktoum approved a budget of 246.6 billion dirham ($67.14 billion) for the emirate's government in 2024-2026, the Dubai media office said on Monday. Expenditure for the fiscal year 2024 alone is estimated at 79.1 billion dirham, and public revenues at 90.6 billion dirham, the media office added. Of the estimated revenues, 85.1 billion dirham would be allocated to the budget, and the remaining 5.5 billion dirham would go to the general reserve, it said. Dubai, one of the seven emirates that constitute the oil-rich United Arab Emirates, is widely regarded as the trade and tourism hub of the Gulf region. ($1 = 3.6729 UAE dirham)Reporting by Nayera Abdallah; editing by Mark Heinrich and Barbara LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Sheikh Mohammed bin Rashid al, Maktoum, Saleh Al Saleh, Al Saleh, Nayera Abdallah, Mark Heinrich, Barbara Lewis Organizations: Racing, Dubai, United Arab Emirates, United, Emirates Airline, Department, Finance, Thomson Locations: Dubai, United Arab, United Arab Emirates, DUBAI, Gulf, UAE

REUTERS/Ammar Awad/ Acquire Licensing RightsNEW YORK/LONDON, Nov 6 (Reuters) - Travelers are canceling or postponing planned vacations to the Middle East and North Africa due to fears of the Israel-Hamas conflict worsening, and as touring companies have also altered itineraries and canceled flights. Travel operators say the war is affecting demand for travel to nearby nations including Egypt, Jordan and Turkey. German airline Group Lufthansa (LHAG.DE) said on Thursday their Middle East bookings have not been affected by the war, with only an initial dip when the conflict started. Spanish travel agency Essentialist said it has canceled 75% of trips to the extended Middle East and Northeast Africa region. The conflict's effect on travel demand to the Middle East may extend beyond the holidays and even just neighboring countries.

Persons: Ammar Awad, Israel, Todd Elliott, Konrad Waliszewski, Willie Walsh, Kathleen Oberg, Patrick Scholes, Essentialist, Matt Berna, Khaled Ibrahim, Doyinsola Oladipo, Joanna Plucińska, Rajesh Kumar Singh, Daniel Wallis Organizations: REUTERS, Cruise Line Holdings, Royal Caribbean Group, International Air Transport Association, Group Lufthansa, AS OMAN, Marriott, Intrepid Travel, Americas, East Travel Alliance, Thomson Locations: Damascus, Jerusalem's Old City, East, North Africa, Israel, Palestinian, Gaza, Egypt, Jordan, Turkey, Orlando , Florida, Israel . Washington, Cyprus, Lebanon, Valencia, Spain, Spanish, Northeast Africa, Australia, Norway, Sharm el Sheikh, Oman, UAE, New York, London, Chicago

☆ Israel-Hamas War Israel Announces ‘Large Attack’ as Communications Blackout Cuts Off Gaza
▼ + stars: | 2023-11-06 | by ( Anushka Patil | ) www.nytimes.com time to read: +4 min

“Essentially today there is a northern Gaza and a southern Gaza,” Admiral Hagari said. Earlier in the day, the Israeli military had accused Hamas of using two hospitals in northern Gaza, Sheikh Hamad and Indonesian hospitals, as cover for its operational centers. The Israeli military had earlier made similar accusations about Al Shifa Hospital, in Gaza City, and on Friday the Israeli military confirmed an airstrike near that facility. The communications blackout hit Gaza after sunset, around 6:20 p.m. local time, according to NetBlocks, an internet monitoring service. The first blackout on Oct. 27, which began around sunset, lasted nearly 36 hours and spread fear and panic across Gaza as Israel began a ground invasion.

Persons: Daniel Hagari, Israel, Admiral Hagari, ’, Sheikh Hamad, Al Shifa, Tedros Adhanom Ghebreyesus, Tedros, NetBlocks, Alp Toker, “, ” Mr, Toker Organizations: BBC, West Bank, Al, Gaza’s, Palestine Red Crescent Society, UNRWA, World Health Organization Locations: Gaza City, Gaza, Indonesian, Al Shifa, Palestine, Israel, United States

☆ Israel Announces ‘Large Attack’ as Communications Blackout Cuts Off Gaza
▼ + stars: | 2023-11-05 | by ( Anushka Patil | ) www.nytimes.com time to read: +4 min

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