Dubai / Emirates Business­­­­­ Airbus will conclude its “Critical App Challenge for the Middle East” during the GITEX exhibition 2018 in Dubai from October 14 to 18 and honour the best developers for public safety apps in the region. Since August start-up companies from the region have registered for the Airbus competition to create inventive digital solutions to facilitate public ...

Bloomberg Airbus SE has selected its next chief executive officer. Cue in Guillaume Faury, former head of the aircraft manufacturer’s helicopter division and of research at carmaker Peugeot SA — and now a clean-up guy with a lot on his plate. Here are five critical do-list items that the new CEO will need to address when he takes over from ...

Bloomberg JM Smucker Co. is doubling down on pet food as consumers move away from mainstream packaged human fare. The maker of jams, Folgers coffee and Jif peanut butter is unveiling four treats — including two under Milk-Bone brand — to beef up its pet-food unit, now largest division by sales. The company said it aims to generate $100 million ...

Bloomberg The board of Angolan airline Empresa Linhas Aereas De Angola E.P. is preparing to sell part of the state-owned airline, Chief Executive Officer Rui Carreira said. The airline, also known as TAAG, will begin a “gradual” process of creating “adequate and attractive conditions, adding value” for private investors, Carreira said in an audio clip emailed by the company. The ...

Zürich / Emirates Business­­­­­ dnata, one of the world’s largest air services providers, has been awarded the Good Distribution Practice (GDP) certification for the pharmaceutical handling services at the company’s state-of-the-art facility in Zürich. GDP is a program focussed on systems for warehouses and distribution centers that store and distribute products that are medicinal or carry active pharmaceutical ingredients. Setting ...

Bloomberg Some Nigerian airlines are facing the risk of collapse under the weight of huge debts, according to the country’s Asset Management Corporation of Nigeria, set up to rescue banks from bad loans. “The industry remains in the throes of airlines burdened with debts, under administration or on the borderline of collapse,” Amcon chief executive Ahmed Kuru said at a ...

DUBAI / WAM Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, stressed that data sector will significantly contribute to the future of the UAE economy, as the reliance on Artificial Intelligence (AI) technology incre-ases, becoming a base for many vital activities of future societies. Promoting investment in this rapidly evolving global economic sector comes as part of ...

Abu Dhabi / Emirates Business With Expo 2020 on the horizon and the Middle East representing high growth potential for the travel industry, WTM London 2018 which takes place on November 5-7 and is placing a spotlight on the region with a host of key speakers lined up for the show’s new regionally-focussed Inspiration Zones. As Dubai gears up for ...

Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc), and Baker Hughes, a General Electric company, on Monday signed a strategic partnership agreement that will enable and support the growth and development of Adnoc’s subsidiary, Adnoc Drilling, into a fully integrated drilling and well construction provider. As part of the agreement, BHGE will acquire a five percent stake ...

MUNICH / WAM Nakheel is back in Munich for the second consecutive year with a plethora of real estate projects — collectively worth EUR14 billion ($16 billion) — on show at Expo Real 2018. The only Dubai developer at the event, Nakheel is showcasing a diverse selection of investment opportunities including completed and off-plan residential units — offering rental yields ...