Reuters Bahrain-based Al Baraka Banking Group, one of the Gulf’s top Islamic banks, said its Pakistani unit would merge with Pakistan’s Burj Bank to create an institution with assets totalling more than $1.1 billion. The merger, which was approved by shareholders of the two banks last month and still needs regulatory approvals, would see Burj Bank holders receive one ...

  Bloomberg Standard Chartered Plc will look beyond Angola’s oil and gas industry to pursue growth and remains committed to the southwest African nation even as a plunge in crude prices batters the economy, according to the U.K. lender’s local partner. The bank was “focused on the oil sector but with changes we’re seeing today in the market an adaptation” ...

  Bloomberg Vietnam airlines bought 40 airplanes worth $6.5 billion from France’s Airbus on Tuesday, as President Francois Hollande visited the communist nation to drum up business ties with one of Southeast Asia’s fastest-growing economies. The deal is the latest move by Vietnamese aviation giants to boost fleets and feed demand from a mushrooming middle class with money to burn ...

  Bloomberg Bombardier Inc. expects that business-jet sales will recover in Argentina now that a new government has taken power, helping to offset weakness in Brazil and Venezuela. “Argentina has reopened for the past seven months, and we’ve seen tremendous traction,’’ said Stephane Leroy, sales head for the region. “We had virtually nothing for three years because customers couldn’t buy ...

  Bloomberg British Airways said a computer outage brought down its airport check-in system, causing delays to services across its global network and prompting staff to issue passengers with handwritten boarding passes in order to keep flights operating. “We’ve experienced some problems today, which our IT teams are working to resolve as quickly as possible,” the airline said Tuesday via ...

  Bloomberg General Electric Co. announced $1.4 billion in European acquisitions to add 3D printing technology to manufacture parts for jet engines and cars. The US company agreed to buy Sweden’s Arcam AB for 5.86 billion kronor ($680 million), alongside a separate transaction to acquire SLM Solutions Group AG of Germany, it said in a statement on Tuesday. GE’s aviation ...

  Bloomberg French business class-only airline LaCompagnie announced plans to halt flights between London and the New York area as a result of the UK’s vote to quit the European Union, just days after British Airways said it was reducing its own premium service between the cities. LaCompagnie will cease its four-times weekly operations between Luton, northwest of London, and ...

  Abu Dhabi / Emirates Business Mental health and ergonomics will be among the key sessions at an Abu Dhabi worker health protection conference this month, as Middle East occupational hygiene professionals obtain fresh insights into a shifting regional dynamic of workplace hazards. The 3rd BOHS Worker Health Protection Conference, co-organised by The Chartered Society for Worker Health Protection (BOHS) ...

  Dubai / Emirates Business After the extraordinary success of its landmark 40th edition, the region’s most popular watch and jewellery show is once again set to cast its magic on jewellery lovers. The 41st MidEast Watch & Jewellery Show will bring global spotlight on the regional jewellery market and its celebrated passion for gold and diamond creations from September ...

  Emirates Business Gulf Navigation Holding PJSC (GulfNav) and Nordic American Tankers (NAT) are pleased to announce that they have signed a new settlement agreement and the long standing debt that GulfNav owed to NAT has now been settled fully and finally pursuant to the terms. The new management of GulfNav have been and are working intensively to clear all ...