Bloomberg Canadian discounter WestJet Airlines Ltd. is arming itself for more fare wars by planning to start an ultra-low-cost carrier to fend off domestic upstarts. Service is expected to begin late this year with a fleet of 10 Boeing Co. 737-800s in ‘high density’ configuration, Calgary-based WestJet said in a statement. The venture will aim to offer “no frills, ...

  Bloomberg After seven months of work, the biggest digital advertising companies think they have a solution to the existential threat of consumers blocking online ads. Google, the biggest player in this world, is at the center of the plan, although the company and its partners are keen to present the initiative as a group effort. The Coalition for Better ...

  Bloomberg After revolutionizing phones, Apple Inc. is testing self-driving cars and exploring augmented reality. Recent hires suggest the company is now also looking to the skies. The iPhone maker has recruited a pair of top Google satellite executives for a new hardware team, according to people familiar with the matter. John Fenwick, who led Google’s spacecraft operations, and Michael ...

  CHITUNGWIZA / AP Zimbabwean boys as young as 10 hurry every weekend to a boxing ring whose nickname, Wafa Wafa, in the local Shona language suggests that whoever enters will be lucky to come out alive. No one has died in the ring, let alone suffered serious injury. But the exchanges can be brutal and bleeding is part of the ...

  ABU DHABI / WAM Mubadala Capital, the financial investment arm of Mubadala Development Company, on Thursday announced a transaction with Ardian, the independent private investment company. Ardian has committed US$2.5 billion to the transaction through a secondary/primary structure. The secondary component involves Ardian acquiring an interest in an existing Mubadala Capital managed private equity portfolio. The primary component involves ...

  ABU DHABI / WAM Cityscape Abu Dhabi 2017, the region’s premier real estate forum, has drawn a large number of property developers who displayed a series of products for middle-income segments that secured a massive turnout over the three-day event, concluding today in the UAE capital. Up to 100 companies from around 13 world countries are showcasing in excess ...

  ABU DHABI / WAM Abu Dhabi National Energy Co. (TAQA), is generating cash from overseas oil and natural gas operations and plans to sell some higher-cost wells in North America, according to Bloomberg. After a two-year programme to cut expenses, Taqa’s oil and gas businesses in North America and Europe are “cash-flow positive,” Saeed Hamad Al Dhaheri, TAQA Acting ...

  ABU DHABI / WAM The total assets of 10 UAE banks jumped to AED 1.75 trillion by the end of Q1 2017, a 9.3 percent growth from AED 1.6 trillion recorded over the same period last year. A WAM analysis has found out that the growth in assets of the 10 banks whose Q 1 financial statements were announced ...

  Bloomberg Gulf Arab oil producers have reached an agreement about a possible extension of output cuts beyond June to reduce stockpiles of crude, Oman’s oil minister said. His Saudi Arabian counterpart confirmed that producers arrived at an initial deal on prolonging cuts. GCC countries agreed to push for an extension in a meeting, Oman Oil Minister Mohammed Al Rumhy ...

  Ras Al Khaimah / WAM Foreign trade of the Emirate of Ras Al Khaimah grew by 11.8 percent in 2016 compared to 2015, according to a report published by the Studies and Commercial Cooperation Department at the RAK Chamber, based on data from the Customs Department. Dr Ahmed Rashed Al Shemaili, Assistant Director-General of Commercial Service and Business Development Sector ...