Bloomberg Ryanair Holdings Plc lost a bid to stop a top executive joining rival EasyJet Plc next month after a bitter legal battle. An Irish judge ruled Chief Operating Officer Peter Bellew can join EasyJet in the same role on January 1 as planned. Ryanair had argued that Bellew must abide by a 12 month non-compete clause before moving to ...

Bloomberg After hitting a record high, Nike Inc. is finding it harder to keep investors happy. Even though the company posted quarterly results that sailed past Wall Street estimates, the shares dipped, suggesting some investors were looking for an even bigger upside surprise. Fiscal second-quarter profit rose to 70 cents a share, Nike said, beating 58-cent average of analysts’ estimates. ...

Bloomberg Kuwait and Saudi Arabia could reach an agreement by the end of this year to renew oil output in the shared neutral zone along their border, Kuwaiti Oil Minister Khaled Al-Fadhel said. The neutral zone, which has been shuttered for at least four years, can produce as much as 500,000 barrels a day. The zone’s Wafra and Khafji fields ...

Abu Dhabi / WAM The Department of Culture and Tourism – Abu Dhabi has just been awarded with the Guinness World Records title for the ‘Largest Augmented Reality (AR), Screen’, as part of a pioneering augmented-reality advertising campaign to promote the UAE capital as a world-leading holiday destination. The latest marketing campaign utilised the famous 40-foot digital billboard known as ...

ABU DHABI / WAM The UAE central bank revealed on Sunday that total banking investments reached AED396.2 billion ($107.86 billion) in November. According to banking indicators released by central bank, debt securities saw a jump of 16.7% year-to-date, with a total of AED245.4 billion. Bank deposits saw a rise of 4.6% year-on-year, with a total of AED1.8 trillion in November ...

Bloomberg China is taking a major step to open up sectors ranging from oil and gas to telecommunications and railways, easing market regulations and lowering financing costs for private companies. The government will offer more tax breaks and broaden incentives to more firms, according to a government statement published by the official Xinhua News Agency, which didn’t specify the industries. ...

ABU DHABI / WAM Developing the sustainable finance agenda in Abu Dhabi is at the heart of a new agreement signed by Abu Dhabi Global Market (ADGM), and the Authority of Social Contribution (Ma’an). The two organisations agreed to collaborate across multiple areas of work, in an effort to develop sustainable finance opportunities in the UAE. Sustainable finance opportunities describe ...

Abu Dhabi / WAM Etihad Airways, the national airline of the United Arab Emirates, and Kuwaiti flag carrier, Kuwait Airways, have signed a codeshare partnership on selected services on bookings effective December 22, for travel from January 5, 2020. According to a statement by Etihad airways, the national airline will place its ‘EY’ code – subject to regulatory approvals – ...

Abu Dhabi / Emirates Business Etihad Airways, the national airline of the United Arab Emirates, and Kuwaiti flag carrier, Kuwait Airways, have signed a codeshare partnership on selected services on bookings effective December 22, for travel from January 5, 2020. Subject to regulatory approvals, Etihad will place its ‘EY’ code on Kuwait Airways operated flights from Abu Dhabi to Kuwait, ...

ABU DHABI / WAM Etisalat on Sunday announced the successful deployment of a multi-access edge computing, MEC, which will pave the way for the telecommunications entity to roll out new 5G-styled services, beginning with its content delivery network (CDN). MEC is a network architecture that brings real-time, high-bandwidth, low-latency access to radio network information, allowing operators to open their networks to a ...