Bloomberg The fate of debt-laden Jet Airways India Ltd, the country’s oldest surviving private airline, could be determined as soon as a creditor-imposed deadline for takeover bids runs out on Wednesday. Creditors led by State Bank of India had not received any bids for as much as 75 percent of Jet Airways, though that doesn’t mean that offers won’t come ...

Bloomberg Nestle SA’s sale of its Herta lunch-meat business may attract interest from bidders including US packaged meat company Smithfield Foods and agricultural commodities giant Cargill, according to people with knowledge of the matter. The Swiss company plans to send marketing material this month to potential investors including Tyson Foods, China’s Cofco Corp and Sigma Alimentos SA de CV of ...

Bloomberg Commercial flying may have lost its mythical appeal from the bygone jet age — think crowded budget carriers, dour catering and the premature demise of the majestic Airbus A380 airliner — but aerospace companies are nevertheless busy trying to improve the passenger experience on board an aircraft. In the hyper-competitive world of aviation, more comfort in the cabin can ...

DUBAI / WAM The UAE is set to play a big role in China’s One Belt and One Road Project, as stated on the sidelines of Annual Investment Meeting (AIM), in Dubai. The 9th edition of AIM brought to focus several investments and projects associated with the initiative. Abdulla Al Saleh, Undersecretary for Foreign Trade, UAE Ministry of Economy said, ...

Dubai / WAM Dubai Customs has announced the launch of a smart channel dedicated to Expo2020 Dubai, providing customs services to exhibitors taking part in the global event. The ‘Expo 2020 Smart Customs Channel’ provides exhibitors with customs services via their smart mobiles and devices around-the-clock, which will help exhibitors finalise their customs transactions easily. The channel relies on advanced ...

Bloomberg Saudi Arabian oil giant Aramco received more than $100 billion in orders for its maiden global bond. The bond sale, the most highly anticipated in recent memory, is set to be the largest-ever in emerging markets and one of just a handful of times that a company anywhere in the world received more than $100 billion in bids for ...

Bloomberg The cost of reaching global climate goals is falling rapidly as wind and solar prices plummet and policy makers push electrification as the main tool to cut pollution, the International Renewable Energy Agency said. The group known as Irena revised down its estimates for global investments needed by 2050 in clean energy to meet targets under the Paris Agreement ...

Dubai / Emirates Business Mint Middle East (MME) is set to make carrying money while travelling a hassle-free experience and strengthen the ability of financial institutions to keep an accurate record of their customers. At the 2019 edition of Seamless, the region’s largest payments and commerce technology conference and exhibition, Mint Middle East is launching two new products — to ...

DUBAI / WAM The UAE is set to play a big role in China’s One Belt and One Road Project, as stated on the sidelines of Annual Investment Meeting (AIM), which runs until April 10 in Dubai. The 9th edition of AIM brought to focus several investments and projects associated with the initiative. Abdulla Al Saleh, Undersecretary for Foreign Trade, ...

Dubai / WAM Dubai Tourism has announced a new GCC-wide partnership with Gulf Reps, one of the region’s travel consultancy agencies, as part of its ongoing drive to attract more visitors from across the Gulf to holiday in the emirate. The partnership will give Dubai’s Department of Tourism and Commerce Marketing, Dubai Tourism, access to Gulf Reps’ extensive network of ...