Bloomberg Corporate-jet makers are flooding the market, spurring deep discounts for new aircraft and fueling a three-year slide in prices of used planes. Most major manufacturers, including Gulfstream and Bombardier Inc.—which is also contending with rising hurdles in its commercial-jet business— have slowed production in the last couple years as demand for private jets sagged. That still hasn’t been enough ...

Bloomberg Wal-Mart Stores Inc. is simplifying the return process through its smartphone app, aiming to ease a major hassle of shopping in time for the holiday season. Beginning in early November, shoppers will be able to initiate the return of items bought online via the retailer’s app before going to the store. Once there, they’ll move through a dedicated express ...

Bloomberg Air Berlin Plc will end flights on October 28 at the latest and is encouraging employees to seek jobs elsewhere as the company’s liquidation efforts proceed, according to a letter to workers from the carrier’s top two executives. The airline has begun talks with labour leaders on terms for letting employees go, Chief Executive Officer Thomas Winkelmann and general ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, visited GITEX Technology Week which kicked-off on Sunday at the Dubai World Trade Centre (DWTC). His Highness Sheikh Mohammed toured the exhibition and was briefed on the world’s latest technologies that are being showcased by the biggest technology ...

ABU DHABI / WAM The UAE banking system has been ranked the top banking sector in the Gulf region in terms of assets in the first half of 2017, while the total assets of the 48 banks operating in the country reached US$723 billion (AED2.66 trillion) for the year 2016. Experts in the sector said the continued stability of the ...

DUBAI / Emirates Business HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates Airline and Group opened the ‘AVSEC Global 2017’ international aviation security symposium in Dubai. Sir Tim Clark, President, Emirates airline delivered opening address. Other keynote speakers included Lord Callanan, UK minister for aviation as well as K C Singh, Former Indian Ambassador to the ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (ADNOC) strengthened its long-standing energy partnership with Japan, through the signing of a tri-partite Memorandum of Cooperation with Japan’s Ministry of Economy, Trade and Industry (METI), and the Japan Oil, Gas and Metals National Company (JOGMEC). The Memorandum was signed by Dr Sultan Ahmed Al Jaber, Minister of State and ...

ABU DHABI / WAM The UAE-Japan SME Platform was officially inaugurated in Abu Dhabi on Sunday in the presence of Sultan bin Saeed Al Mansouri, UAE Minister of Economy, and Hiroshige Seko, Japan’s Minister of Economy, Trade and Industry. The platform will support bilateral efforts to develop the vital small- and medium-sized enterprise (SME), sector. It was formed under the ...

ABU DHABI / WAM Emirates Global Aluminium (EGA), has announced that it has signed an agreement with the University of Queensland, Australia, to conduct a three-year research programme into turning a by-product of the alumina industry into soil. The research project, with the University of Queensland’s School of Agriculture and Food Sciences, will investigate combining bauxite residue with agricultural and ...

Dubai / WAM Hamad Buamim, President and CEO of the Dubai Chamber of Commerce and Industry, DCCI, revealed that Dubai’s non-oil trade with Colombia reached AED506 million in 2016, a 200 percent increase from 2012. Speaking at the end of a visit by a high-level delegation of the DCCI to Colombia, he noted that there is still potential to boost ...