Fujairah / WAM Total oil product stocks in Fujairah stood at 18.134 million barrels, down 2.6 percent or 486,000 barrels from a week earlier, following a sharp draw in middle distillates stocks, according to the latest data from the Fujairah Energy Data Committee, or FEDCom. Stocks of middle distillates were down by more than a quarter to 2.119 million barrels, ...

Abu Dhabi / WAM Reem bint Ibrahim Al Hashimy, Minister of State for International Cooperation, announced that the UAE will host the Gavi 2018 mid-term review. The high-level conference will be held in Abu Dhabi on December 10-11, and will lay out a vision for the future of the Gavi model, providing an opportunity to take stock of Gavi’s performance ...

Dubai / WAM The Dubai International Financial Centre (DIFC), on Wednesday announced three new strategic initiatives as part of the economy-boosting initiatives recently reviewed by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, aimed at catalysing economic growth in Dubai and cementing its global status as a competitive business destination. ...

Bloomberg US stocks edged higher as investors parsed a mixed bag of earnings and energy producers got a boost from rising oil prices. Treasuries fell. The S&P 500 Index gained for a third day, but technology shares were under pressure as IBM Corp. tumbled after posting weak results. Morgan Stanley’s record profit lifted bank shares. Oil surged about 2 percent ...

Bloomberg Nasdaq Inc. is reviewing its systems to avoid a repeat of an hours-long shutdown in trading across the Nordic and Baltic markets, which prompted regulators to question its preparedness and forced Sweden to postpone a bond auction. Trading went down on Wednesday morning across the region and didn’t start up after an “errant fire extinguisher system” caused “connectivity issues” ...

Bloomberg Southwest Airlines Co. is stepping up inspections on its jet fleet after investigators said they discovered evidence of metal fatigue on an engine that exploded on April 17, sending shrapnel into the plane and killing a passenger seated near a window. The woman was partly sucked out of the plane carrying 149 people as it flew about 32,500 feet ...

Bloomberg United Continental Holdings Inc. is pushing ahead with its aggressive growth plan as robust demand enables the airline to boost fares even as it expands the seat supply. Revenue for each seat flown a mile, a proxy for pricing power, will rise 1 percent to 3 percent in the second quarter, the No. 3 US carrier said in a ...

Bloomberg Mexico’s richest man is rushing to the defense of a $13 billion airport project that’s under fire from the front-runner in the nation’s presidential campaign. The new hub for Mexico City will set off an economic boom for the capital, said Carlos Slim, whose construction company has won airport building contracts and whose son-in-law helped design the terminal with ...

Bloomberg Spirit Airlines Inc. is considering adding smaller planes to its fleet of Airbus SE jets as the carrier looks for ways to expand its service. The ultradiscounter expects to seek proposals from planemakers “shortly,” having completed an evaluation of the options, Chief Commercial Officer Matt Klein said. He declined to say when the airline might make an order. Adding ...

Bloomberg A year after its break with Nordstrom Inc., Ivanka Trump’s brand is going to rely more on its own website to get its apparel in the hands of consumers. Starting from Wednesday, shoppers can order merchandise directly — with a 15 percent discount — from the brand’s website, the retailer announced in an email to customers. Since the site’s ...