Abu Dhabi / Emirates Busines Autoterminal, a member of the Noatum Maritime Group, and Abu Dhabi Ports, have signed a shareholder agreement for the creation of a joint venture company called Autoterminal Khalifa Port, to manage the roro/car terminal in Khalifa Port under a 15 year concession. Autoterminal is the leading multimodal car terminal in the Mediterranean, located in the ...

Abu Dhabi / Emirates Busines Qantas and Emirates welcome the Australian Competition and Consumer Commission’s (ACCC) draft determination that proposes to grant authorisation for their partnership for another five years. The continuation of the joint business, announced in August 2017, will see the airlines deliver expanded services to better leverage each other’s networks, offering travellers improved schedule choice, increased frequent ...

Dubai / Emirates Busines Al Habtoor Motors – Mitsubishi, the official distributor of Japanese automobile giant in UAE brings back one of the biggest and most popular promotions. The ‘Big Bigger Biggest Offer’ which gave customers bigger deals and greater savings on the entire range of Mitsubishi cars is now back by popular demand. Once again, customers now have chances ...

Dubai / Emirates Business SGH Dubai received the certificate of excellence as recognition from JCI for the high level of care provided for AMI patients. JCI surveyors assessed the hospital for a period of two days where they looked at the hospital’s processes, policies and measures, while comparing them to the best practices worldwide. The hospital succeeded to prove excellence ...

Bloomberg Walmart Inc. is introducing low-cost clothing brands for women, kids and plus-size customers, aiming to lure shoppers as Amazon.com Inc. gobbles up more apparel sales. The store brands include Time and Tru in ladieswear — which will replace the jettisoned DanskinNow label — along with Terra & Sky in plus-size apparel and Wonder Nation for kids, according to a ...

Bloomberg Investors in Hennes & Mauritz AB left its first ever capital markets day wondering whether the retailer is aware its clothes seem to be going out of fashion. With the value of their H&M shares down about 45 percent since the end of 2016, owners said management gave a lot of details on pretty much everything except the main ...

Bloomberg Kraft Heinz Co. suffered its worst stock decline in more than two years after posting disappointing sales and profit, boosting speculation that the food giant will need a large acquisition to fuel growth. The shares tumbled as much as 7 percent in the wake of the results, which reflected a persistent slump in the US packaged-food industry. Though Kraft ...

Bloomberg Air France-KLM Group said it will accelerate capacity increases despite an uncertain economic climate in order to defend its share of an air-travel market that’s becoming flooded with discount rivals. The Paris-based carrier will boost seating by up to 4 percent this year in a bid to combat the low-cost challenge, even as fuel expenses jump by a forecast ...

Bloomberg Airbus SE promised 20 percent earnings growth this year — pushing the stock up the most since 2008 — so long as it can iron out persistent manufacturing problems on two key aircraft programs. The European planemaker ended 2017 with a record order backlog and delivered more jets than ever before. The shares advanced as much as 10 percent ...

Bloomberg Add independent Nigerian drillers to the list of oil producers itching to supply more crude at a time when OPEC and allies like Russia are trying to restrict output and prop up prices. Domestic Nigerian producers are aiming to pump almost 250,000 barrels a day more crude by 2020 as part of a wider plan for the nation to ...