Dubai / WAM Passenger traffic at the Dubai International (DXB), grew year on year by 4.5 percent, after 7.85 million passengers travelled through the airport during the month of March. Taking into consideration the Easter holiday period, passenger figures climbed from 7,511,431 during the same period in 2017, to 7,852,501 in March of this year. Overall passenger numbers are up ...

Harvard / WAM Jebel Ali Free Zone, the region’s premier business and logistics hub is showcasing its auto sector capabilities at the 16th Automechanika Dubai show, which opened at the Dubai World Trade Centre (DWTC) on Tuesday. Jafza has reinforced its position as the location of choice for the industry handling over a fifth of Dubai’s total automotive trade worth ...

Dubai / WAM Emirates Central Cooling Systems Corporation (Empower), launched its pre-summer awareness campaign, ‘Steps to Cooler Summer’, aiming to prepare the customers, by providing best practices and ways, to reduce district cooling consumption during the upcoming summer season. The campaign will help reduce the energy consumption cost of customers, and ensures customer happiness by providing the best and most ...

Abu Dhabi / Emirates Business The Fikra Labs Acceleration Programme, a new concept to drive innovation and foster entrepreneurship in the Abu Dhabi travel and tourism sector, concluded its four-week acceleration programme with the announcement of the four winning MENA start-ups. The winning start-ups that were awarded the coveted investment opportunity included Tapklik Technologies mentored by DCT Abu Dhabi, ViaFone ...

Bloomberg Rosneft PJSC plans to start a $2 billion share buyback this year, while also cutting spending and debt. The state-run producer, which pumps more than 40 percent of Russia’s crude, has already signalled a shift towards more efficient “organic” growth, ending years of deal-driven expansion that made it the country’s most indebted company. The latest announcement could boost Rosneft’s ...

Bloomberg OPEC continues to over-deliver on its production cuts, with output falling further last month as the group nears its goal of rebalancing the oil market. The cartel pumped 31.93 million barrels a day, down from a revised 31.97 million in March, a Bloomberg News survey of analysts, oil companies and ship-tracking data found. OPEC and a group of non-OPEC ...

Bloomberg Britain is so cold it’s keeping more of the natural gas it produces and imports for itself. Over the past month, UK gas exports have repeatedly plumbed the lowest levels in at least a decade for this time of the year. Usually, with winter past and heating demand subsiding, Britain would have ample supplies to ship to the continent. ...

Bloomberg Germany is headed for record solar power generation next week as forecasters predicted warm weather for central and eastern Europe and even raised the prospect of heatwaves hitting the southeast region later this month. While Europe’s renewable energy revolution has fundamentally changed how the power market works, it’s probably most notable at this time of year. German prices slumped ...

Bloomberg The prospect of a no-deal Brexit is real again. European Union chief negotiator Michel Barnier is ramping up his rhetoric and officials in private worry that the risk of a messy divorce, which had receded at the end of last year, is now back. At least twice in the last week Barnier has made public warnings that talks could ...

Bloomberg Militants killed at least 14 people at the headquarters of Libya’s elections commission, Interior Minister Abdel-Salam Ashour said, in a likely symbolic strike as the fractured country edges toward potentially stabilising votes. Gunfire erupted as the attackers targeted security forces guarding the building, said Khaled el Mannai, deputy head of public relations at the commission in Tripoli. While one ...