Bloomberg Qantas Airways Ltd. Chief Executive Officer Alan Joyce’s compensation almost doubled in the latest financial year after he helped revive the faltering Australian carrier. The total package for Asia Pacific’s best-paid airline executive surged to $19.7 million in the 12 months through June 30, from about A$13 million a year earlier, according to the company’s annual report released Friday. ...

Dubai / WAM Spending within the UAE’s travel and tourism sector is expected to rise steadily over the next five years and reach over $56 billion in 2022 as new mega-projects come to market, a recent analysis conducted by the Dubai Chamber of Commerce and Industry shows. The analysis, based on data from Business Monitor International (BMI) and the World ...

Dubai / WAM More new business opportunities in the GCC recently opened up for Brazilian investors with $32 billion worth of large-scale urban construction projects now being tendered in the region, according to the Arab-Brazilian Chamber of Commerce (ABCC). The ABCC, which aims to foster economic, cultural, and tourism ties between Arabs and Brazilians, said that the report released by ...

Dubai / WAM Sultan Ahmed Bin Sulayem, DP World Group Chairman, met Hong Kong’s Chief Executive, Carrie Lam, and discussed collaboration in a range of sectors from ports, logistics and customs to education and innovation, at a meeting in Hong Kong this week. The meeting, at Government House, was also attended by the Consul-General of the UAE to Hong Kong, ...

Dubai / Emirates Business Digital payments will dethrone “cash as king” in the Middle East, and boost regional GDP by nearly $100 billion, industry experts announced ahead of GITEX Technology Week. As Middle East countries accelerate their digital transformation agendas with nationwide high-speed technology connectivity, one of the biggest benefits will be quick and easy mobile payments. In the near ...

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, addressed over a million students in the UAE and congratulated them on the beginning of the academic year. The UAE Cabinet also praised the ease in which the 2017 – 2018 school year began. The Cabinet also commended ...

Abu Dhabi / WAM The UAE International Investors Council (UAECII) has made a range of strategic decisions to support the development of its working procedures, to serve its goals of promoting coordination and supporting Emirati companies that invest abroad. The Council made its decisions during its 14th meeting, which was chaired by Sultan bin Saeed Al Mansouri, Minister of Economy ...

Abu Dhabi / WAM Abu Dhabi Fund for Development (ADFD), announced the allocation of $50 million for UAE companies wishing to invest in the Central African nation of Chad. The announcement came during the participation of an ADFD delegation in the UAE-Chad Investment Forum that took place on Wednesday in Abu Dhabi. Several ministers and senior officials from the public ...

Abu Dhabi / WAM The Telecommunications Regulatory Authority (TRA), represented by the Computer Emergency Response Team (aeCERT), signed a Memorandum of Understanding with Abu Dhabi Global Market (ADGM), to activate collaboration between the two sides in the areas of information security. The MoU will also enhance coordination mechanism for information exchange and early warning on threats and risks of cyber-attacks, ...

Dubai / WAM Thuraya Telecommunications Company will attend the humanitarian and international development event (AidEx), in Nairobi, Kenya from September 13-14. The MSS operator will be meeting with disaster management partners and displaying its latest range of ‘relief comms’ equipment at the event. Now in its fourth year, the two-day annual conference is a prominent gathering where over 500 aid ...