Bloomberg Airbus SE landed one of its biggest-ever deals with the sale of 300 narrow-body planes to Indian budget carrier IndiGo that’s worth more than $33 billion at sticker prices. The contract for A320neo-series jets includes the latest XLR long-range variant and takes IndiGo’s orders for the re-engined aircraft to 730, the companies said in a statement on Tuesday. That’s ...

Abu Dhabi / WAM Abu Dhabi National Insurance Company (Adnic) reported AED194.4 million in net profit in Q3-2019, a 11.1 percent growth on the comparable period last year. The shareholders’ equity increased by 5.1 percent to AED 2.21 billion as of September 30, compared to AED2.10 billion as of December 31, 2018. For the nine-month period ended September 30, Adnic’s ...

Abu Dhabi / WAM Under the patronage of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, and Chairman of The Abu Dhabi Agriculture & Food Safety Authority (Adafsa), the tenth edition of Sial Middle East, the exclusive regional food, beverage and hospitality trade event, will run from December 9-11 at the Abu Dhabi ...

Dubai / WAM Slovenian Foreign Minister Miro Cerar is currently on a working visit to UAE, with first stop being the site of Expo 2020 in Dubai, where he met Reem bint Ibrahim Al Hashemy, Director-General of Expo 2020 Dubai, reported the Slovenian Press Agency (STA), quoting the country’s foreign ministry. “Cerar visited the site of the future world exposition ...

Dubai / WAM The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, approved a zero-deficit federal budget of AED61.354 billion for 2020 fiscal year. This is the largest budget since the establishment of the UAE. About 31 percent of the budget is allocated to ...

Dubai / WAM Within one year of its launch, KhalifaSat captured 7,250 high-quality images and was able to complete 5,431 low Earth orbits, and communicated with the ground station at the Mohammed bin Rashid Space Centre (MBRSC), 906 times to send information and images, and receive updates. KhalifaSat sent 355 terabytes of data to the MBRSC’s ground station from across planet ...

Bloomberg Alberto Fernandez has yet to take office in Argentina. But already diplomats in Buenos Aires are anxiously awaiting what’s set to be yet another pendulum swing in the country’s foreign policy, this time to the left. That may mean a less fulsome embrace of Donald Trump than incumbent Mauricio Macri, under whom Argentina aligned more with US goals in ...

Bloomberg The UK is set for its third general election since 2015 as political leaders attempt to resolve the Brexit crisis paralysing the country. PM Boris Johnson won the backing of opposition Labour Party leader Jeremy Corbyn for a snap poll to take place between December 9-12. While the date is yet to be confirmed, the vote is set to ...

Bloomberg Hong Kong leader Carrie Lam dismissed reports of her looming replacement as “very malicious,” reiterating that she had Beijing’s support despite more than four months of unrest. Lam’s comments before a meeting of the city’s Executive Council came after a Financial Times report said Beijing was mulling a plan to remove Lam after her administration failed to quell months ...

Bloomberg Lebanon’s PM Saad Hariri stepped down on Tuesday after two weeks of anti-government protests descended into violence. “I won’t hide that I reached a dead end and it’s time for a major shock to confront the crisis,” Hariri said in a televised address. “I’m going to the presidential palace in Baabda to submit my government’s resignation to the president ...