Bloomberg Airbus SE’s Chinese arm is clamoring for high-value work building wings currently made in the UK as Brexit threatens to blunt the country’s competitive edge, according to the group’s top British executive. While the design and manufacture of Airbus wings represents one of the “crown jewels” of UK aerospace, every part is exported into the European Union and would ...

Bloomberg You can buy almost anything on Taobao, China’s biggest e-commerce platform, even a jumbo jet. While most Chinese consumers traffic the Alibaba Group Holding Ltd. app for groceries, clothes, or the odd knickknack, SF Airlines Co. took Taobao shopping to a whole other level. The Chinese carrier bid more than 320 million yuan ($48 million) for two Boeing 747 ...

Bloomberg Happy Cyber Monday! I know—it’s next week. But really, is it? These days, pretty much every day in November offers an extravaganza of online savings. Walmart.com is shaving $549 off a 40-inch 4K HDTV, Amazon.com has a few pages of “Black Friday” deals and BestBuy.com is offering a “rush sale” and the chance to “get a jump on holiday ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, attended the opening session of the fourth edition of the Knowledge Summit at the Dubai World Trade Centre. The summit which is held under the patronage of His Highness Sheikh Mohammed bin Rashid, and organised by the Mohammed ...

ABU DHABI / WAM Al Hilal Bank was awarded the title of ‘The Safest Islamic Financial Institution in the Gulf Cooperation Council’ for the second year in a row, based on an exclusive survey published in the November 2017 issue of the Global Finance publication. Alex Coelho, CEO of Al Hilal Bank, attended the Global Finance’s Best Bank Awards Ceremony ...

Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX), announced that it has joined the International Securities Services Association (ISSA), to become the first financial market in the MENA region to become a member of ISSA. This new membership demonstrates ADX’s keenness to align its regulatory practices with those of international financial markets. It also assures commitment to promoting financial ...

Abu Dhabi / WAM His Highness Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior, today inaugurated the Aqdar World Summit, at the Abu Dhabi National Exhibition Centre. The inauguration ceremony was attended by Sheikh Nahyan bin Mubarak Al Nahyan, Minister for Tolerance; Sheikha Lubna bint Khalid Al Qasimi, President of Zayed University; Hussain ...

Dubai / Emirates Business The Dubai Real Estate Institute (DREI), the educational arm of Dubai Land Department (DLD), and Awards International, have announced the launch of the second edition of the Gulf Real Estate Awards, which targets all companies operating in the real estate sector in the GCC. The awards programme follows the directives of His Highness Sheikh Mohammed bin ...

Abu Dhabi / WAM Borouge received the Hamdan bin Mohammed Award for Innovation in Project Management under the category of ‘Innovative Idea in Portfolio Management’ due to its creative approach in carrying out innovation, operations, marketing and sales projects across the organisation. Held under the patronage of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai ...

Dubai / WAM The Government Transport Centre, a subsidiary of Emirates Transport (ET), announced that it has signed transport contracts worth AED48 million with a number of local and federal government entities. The latest signed contracts included two major agreements with Taqyeem Centre for commercial information and CRIF Gulf Dubai, worth in excess of AED23mn each, according to Abdul Gaffar ...