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Saif bin Zayed chairs MoI’s Happiness and Positivity Council meeting

ABU DHABI / WAM HH Lt General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, presided over the meeting of the Ministry of Interior’s (MoI) Happiness and Positivity Council at the ministry’s headquarters. The session commenced with a thorough review of the Government Services Observatory findings. Mohammed bin Taliah, the Head of Government Services ...

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AlNeyadi engages in live interaction with students from ISS

DUBAI / WAM The Mohammed bin Rashid Space Centre (MBRSC) on Thursday  announced that two ham radio sessions with astronaut Sultan AlNeyadi from the International Space Station (ISS), under the “A Call from Space” event were successfully completed over the course of two days, in collaboration with the Emirates Amateur Radio Society (EARS) and Emirates Literature Foundation (ELF). Ham radio, ...

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‘Make it in the Emirates’ forum highlights industrial zones’ role

ABU DHABI / WAM The UAE’s various industrial zones have a critical role to play in the country’s sustainable industrial development and broader economic prospects, according to the leaders of several major national industrial zones. Speaking at the second Make in the Emirates Forum on Thursday, Mohamed Al Khadar Al Ahmed, CEO of the Khalifa Economic Zones Abu Dhabi (Kezad) ...

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Lufthansa to embark on tough path to pull off ITA turnaround

BLOOMBERG Deutsche Lufthansa AG is about to embark on a tough journey to pull off a quick turnaround of Alitalia’s successor ITA Airways and overcome two decades of constant losses. Lufthansa agreed to buy a minority stake in ITA, and its executives think they can succeed where other managers failed: wringing a profit from the airline that long flew the ...

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Pilots offered extra $1,211 per month to stay at India’s Go Air

BLOOMBERG Go Airlines India Ltd plans to raise salaries of captains by 100,000 rupees ($1,211) a month and by 50,000 rupees for first officers as it tries to salvage its operations after filing for insolvency on May 2. The additional pay, which the airline calls a retention allowance, will come into effect on June 1, according to an email to ...

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China’s C919 passenger jet makes first commercial flight

BLOOMBERG A made-in-China aircraft to rival Boeing Co and Airbus SE underwent its maiden commercial flight on May 28, almost six months after being delivered to China Eastern Airlines Corp. Flight MU9191 took off from Shanghai at 10:32 am local time, China Eastern said on its Weibo account. The plane carried 128 passengers and landed safely at Beijing, People’s Daily ...

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Rolls-Royce may cut thousands of jobs in turnaround plan

BLOOMBERG Rolls-Royce Holdings Plc could cut thousands of jobs after the company hired consultants led by McKinsey & Co to advise on streamlining its operations, The Times reported. Part of the turnaround plan will see the combination of non-manufacturing departments in each of the company’s civil aerospace, defense and power systems divisions, the newspaper said, citing an unidentified consultancy source. ...

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European stocks climb on debt deal and softer inflation data

BLOOMBERG European stocks climbed after three days of declines, while US futures edged higher after the House passed a deal to avert a US default and Federal Reserve officials hinted at a pause in interest-rate hikes. Banks and carmakers led gains in the Stoxx Europe 600 index as data showed euro-area inflation slowed more than analysts’ estimates in May. Adnoc ...

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Ghana nears deal with pension funds on $2.6bn debt revamp

BLOOMBERG Ghana’s pension funds are close to agreeing to a deal to restructure $2.6 billion worth of government bonds they hold, according to an umbrella body for the industry. Under the plan, the pension funds will receive more interest payments, but over a longer period of time, according to Thomas Esso, executive secretary of the Chamber of Corporate Trustees. The ...

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