Abu Dhabi / Emirates Business Adnoc Distribution, the UAE’s largest fuel and convenience retailer, is holding its first Capital Markets Day presentations since its IPO on the Abu Dhabi Securities Exchange in December 2017. Management will present to institutional investors and analysts in London, with a similar presentation taking place on May 8, in New York. The focus of the ...

Dubai / Emirates Business dnata, one of the world’s largest air services providers, and Lufthansa Group continue to expand their partnership in the United States. dnata has been selected to provide ramp, secure clean and passenger handling services to Lufthansa at Austin-Bergstrom International Airport and now serves the airline group, including Swiss International Air Lines, Austrian Airlines and Edelweiss Air, ...

Dubai / WAM DMCC, the world’s leading Free Zone for commodities trade and enterprise, published its second annual sustainability report on Tuesday, as part of its commitment to the United Nations Global Compact, UNGC. The report is prepared in line with the Global Reporting Initiative, GRI, Standards Core option. The report builds on the first edition released in September 2018, ...

THE HAGUE / WAM The United Arab Emirates has demanded Qatar unblock a website that allows Qatari citizens to apply for entry permits to travel to the UAE. The request was made during a hearing at the International Court of Justice, ICJ, held to consider the UAE’s plea that Qatar withdraws a complaint it lodged with the Committee for the ...

Abu Dhabi / WAM The United Arab Emirates, under the leadership of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, is keen to unite the charitable efforts in the region and the world for a better future for humanitarian action, according to HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region, Chairman of the Emirates ...

Abu Dhabi / WAM Abu Dhabi Commercial Bank PJSC released its Q1-2019 financial results, reporting strong operating performance underpinned by robust growth in gross interest and Islamic financing income and non-interest income. In a statement, the bank said its results are for the standalone ADCB entity for the first quarter of 2019, prior to the merger with Union National Bank ...

Sharjah / WAM Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier, LCC, announced on Tuesday the launch of a direct flight from Sharjah to Tunis, Tunisia’s capital city starting July 4. The new flight will operate three times a week; on Tuesdays, Thursdays and Saturdays. The flights depart Sharjah International Airport at 15:30 hours local ...

Bloomberg Norway’s Equinor ASA beat profit and cash-flow estimates after pumping more oil and gas than predicted. First-quarter results at the state-controlled producer cap a mixed series of earnings for the major oil companies as the industry turns a page on the 2014-2017 downturn. Supermajors BP Plc and Royal Dutch Shell Plc met or exceeded estimates thanks to trading gains ...

Bloomberg India is considering a new tender to develop solar power equipment manufacturing that doesn’t include a requirement to also generate electricity, a move aimed at sparking investor interest, according to people with knowledge of the plan. In addition to separating manufacturing of solar cells and modules from generation, the government may also offer some form of financial aid. There ...

Bloomberg An industry that didn’t exactly champion the rise of renewables may be a surprising beneficiary of Alexandria Ocasio-Cortez’s Green New Deal: utilities. The plan pressed by the freshman congresswoman from the Bronx aims to rid America’s power grids of carbon emissions. That could help speed up existing trends in the sector, including coal retirements and the increasing deployment of ...