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5. Oktober 2024 um 17:55

Emirates Bans Communication Devices Amidst Regional Tensions

Emirates Airlines has imposed a ban on passengers carrying pagers and walkie-talkies on its flights to, from, or through Dubai. This decision follows the explosion of these devices in Lebanon, which resulted in casualties and injuries. The ban is part of heightened security measures due to escalating regional tensions, particularly involving the Hezbollah militia and Israel. The airline has also extended the suspension of flights to Iran, Iraq, and Lebanon, reflecting the volatile situation...
1. Oktober 2024 um 13:29

Adnoc's Strategic Move to Acquire Covestro

Mobile phone with the logo of Abu Dhabi National Oil Company ADNOC
Adnoc, the state-owned oil company from Abu Dhabi, has made a significant move by offering 62 euros per share to acquire Covestro, a leading German plastics manufacturer. This acquisition, valued at approximately 11.7 billion euros, includes taking on Covestro's debts and a planned capital increase. Analysts view the deal positively due to the limited overlap in the companies' businesses and Adnoc’s commitment to maintaining existing labor agreements. Covestro, which employs around 17,500 people..
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