Dubai / WAM The Awqaf and Minors Affairs Foundation (AMAF) donated more than AED2.5 million from an endowment from the late Emirati philanthropist, Ahmed Baghlaf, to several charity organisations that care for underprivileged people, including widows, orphans, and the elderly. The donations come in line with the UAE #Year of Giving and the foundation’s objectives to enhance the spirit of ...

  Dubai / WAM The Air Quality Monitoring Stations Network of the Dubai Municipality received the prestigious European Standard Compliance certificate, making it the first government entity at the national and the regional level to get this high-level certificate. Hussain Nasser Lootah, Director-General of Dubai Municipality explained that the certificate of compliance covered the overall management of the monitoring network with ...

  Reuters Stock markets in the Gulf closed on a firm footing on Thursday in line with generally upbeat global shares and stabilising crude oil prices, while Egypt’s bourse ended a five-day losing streak. Dubai’s index edged up 0.2 percent in thin trade. GFH Financial Group, the most heavily traded stock, jumped 4.4 percent. Two builders that reported heavy net ...

  Bloomberg The torrid advance in riskier assets eased, with US equities slipped from records after the longest rally in three years and Treasuries rising for the first time in six days. Equity benchmarks slipped from records attained amid optimism that the economy is growing fast enough to withstand higher interest rates. Data on Thursday did little to alter that ...

  Bloomberg Air France-KLM Group reported a 35 percent earnings increase for 2016 and said it will boost passenger capacity this year in an effort to win back the initiative in the lucrative long-haul market. Operating profit increased to 1.05 billion euros ($1.1 billion) from 780 million euros in 2015, helped by a lower fuel bill and productivity gains at ...

  Bloomberg India is reviving a three-decade-old plan to build its first passenger aircraft as the South Asian country struggles to join an exclusive club of Asian nations that have advanced far ahead in creating their own home-made jets. A 14-seat aircraft, called Saras, is undergoing preliminary tests, Jitendra Jadhav, director of Council of Scientific and Industrial Research at state-controlled ...

  AP Production workers at Boeing’s South Carolina plant have rejected an effort to unionize, maintaining Southern reluctance toward unionization and setting up a picture-perfect stop for President Donald Trump, who visits the facilities this week. Vote totals weren’t immediately available, but the International Association of Machinists and Aerospace Workers’ lead organizer said it’s “the workers who dictate what happens ...

  Bloomberg Austria is seeking as much as 1.1 billion euros ($1.16 billion) from Eurofighter Jagdflugzeug GmbH and its main shareholder, Airbus Group SE, after a probe concluded the companies deceived the government in a 2003 purchase of fighter jets. The Austrian Defense Ministry’s five-year investigation into the 1.96 billion-euro contract found that Eurofighter knew it wouldn’t be able supply ...

  Sharjah / Emirates Business The Sharjah Commerce and Tourism Development Authority (SCTDA) is leading a delegation of Sharjah-based tourism and hospitality organisations to the 23rd edition of the SATTE travel trade show, taking place in Pragati Maidan, New Delhi, India, from February 15-17. This marks the Authority’s first participation in the SATTE exhibition. SATTE is South Asia’s largest travel ...

  Dubai / Emirates Business Gulf Craft is preparing to make a lasting impression at the upcoming Dubai International Boat Show, as the shipyard plans to commemorate 35 years of yacht and boat building excellence with the largest showcase it has ever presented at the region’s premier marine luxury, leisure, and lifestyle event. The industry trailblazer will be featuring an ...