Bloomberg The French unit of Air France-KLM is getting ready to appoint Anne Rigail as chief executive officer, making her the first woman to lead the airline, a person familiar with the matter said. Her appointment was presented to Air France board members on Wednesday morning, the person said, asking not to be identified because the decision isn’t public. The ...

Bloomberg Boeing Co. will need to ramp up deliveries of its 737 jetliners to 83 planes this month to reach its annual target as the planemaker recovers from factory snarls that bedeviled its largest source of profit earlier this year. Boeing shipped 61 of the single-aisle aircraft in November, 18 more than in October, as the company recovered from engine ...

Bloomberg Whole Foods Market, hailed for its high standards for healthy food, ranked worst in a study of five major US grocery chains for chemicals it uses in packaging at its popular hot-food section. In response, the company said it has removed all the coated paper products in question and has started a search for new biodegradable packaging. The study ...

RED SEA COAST / WAM Over 700,000 Yemenis on the Red Sea Coast benefitted from the services and infrastructure aid provided by the UAE during the Year of Zayed, through its humanitarian arm, the Emirates Red Crescent (ERC) which launched 100 projects and sent urgent relief convoys to affected areas. The Emirates News Agency (WAM) is monitoring the UAE’s humanitarian ...

Emirates Business Central Bank of the UAE (CBUAE) hosted a workshop with People’s Bank of China (Central Bank of China) and the Agricultural Bank of China on “Improving the Renminbi Clearing in the UAE”. The aim of workshop was to present results ac-hieved by the RMB Clearing Centre to date, and to identify actions to be tak-en to improve arrangements ...

Bloomberg Oil rose on renewed optimism that production cuts announced by the Opec+ coalition will re-balance the market, while Libya’s biggest field remained shut. Futures in New York gained as much as 1.7 percent after slumping 3.1 percent amid uncertainty over implementation of the curbs by the Organization of Petroleum Exporting Countries (Opec) and its allies led by Russia. Saudi ...

DUBAI / WAM The Dubai Land Department (DLD), organised the LPS Shanghai, at the Shanghai Convention Centre, China. The DLD was accompanied by a delegation of senior real estate developers in Dubai as strategic partners of the show. The Dubai pavilion was inaugurated at the LPS Shanghai in presence of Rashid Matar Al Siri Al Qemzi, UAE Consul-General in Shanghai; ...

Bloomberg Some of the world’s biggest fossil-fuel producers are calling on taxpayers to help them kick their pollution habit. The world’s biggest oil, natural gas and mining companies are stepping up their campaign to deploy carbon capture and storage, or CCS, as way to slow global warming. But with a potential $90-billion-a-year price tag, it’s too rich for them to ...

Bloomberg Big oil is investing more in US shale, not less, after the recent tumble in crude prices. The US shale sector has helped boost American production to an average of 10.9 million barrels a day this year, the most on record. Output is forecast to grow a further 11 percent next year, according the Energy Information Administration. ConocoPhillips said ...

Bloomberg France will save 39 billion euros ($44.5 billion) if it refrains from building 15 new nuclear plants by 2060, and bets instead on renewable energy sources to replace its all its aging atomic facilities, a government agency said. France should spend 1.28 trillion euros over the next four decades, mostly on clean power production and storage capacities, networks, and ...