NEW YORK /AFP More unexpected costs in its huge refueling tanker program for the US Air Force and slower commercial aircraft deliveries dented Boeing’s first-quarter earnings, the company reported. Boeing took a $156 million charge for unanticipated costs in the KC-46 programme, pushing earnings for the quarter ending on March 31 down 8.8 percent from a year ago to ...

  Bloomberg Vietnam Airlines Corp., which sold shares in an initial public offering 17 months ago, expects to get them listed “some time later this year” after closing a deal with ANA Holdings Inc., Chief Executive Officer Pham Ngoc Minh said. The shares of the state-owned carrier may start trading on the Ho Chi Minh City Stock Exchange, Minh said ...

  Punta Gorda, United States / AFP With deep pockets and an environmentalist’s zeal, retired American football player Syd Kitson dreamed up a plan to build the United States’ first solar-powered town on a vast swath of rural land in southwest Florida. Now, nearly a decade after he first purchased the 91,000 acres (37,000 hectares) known as Babcock Ranch, construction is ...

  Mexico City / AFP Martin Vazquez glides silently through the pandemonium of rush hour in Mexico City, drives his sky-blue scooter up to a charging station and plugs it in. When Vazquez, a 28-year-old professional, moved to the Mexican capital a year ago, he drove here by car. But the city’s notorious traffic soon convinced him to sell it and ...

  Dubai / Emirates Business “More and more people in the UAE are seeking long-term and prescription-free relief from migraines,” said Deyuan Wei, founder of TongRenTang (TRT) Gulf. According to Deyuan, this is an issue that seems to be taking a toll on the stressful life of modern times, specifically adding, “we have been receiving an increasing number of patients ...

  DUBAI / WAM Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, launched the ‘Dubai 3D Printing Strategy’, a unique global initiative that aims to exploit technology for the service of humanity and promote the status of the UAE and Dubai as a leading hub of 3D printing technology by the ...

  DUBAI / WAM HH Sheikh Ahmad Bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority and Chairman and Chief Executive of Emirates Airline & Group and Humaid Mohammad Al Qatami, Chairman of the Board and Director-General of Dubai Health Authority(DHA) signed a Memorandum of Understanding (MoU) in order to promote medical tourism in Dubai and fulfill the ...

  ABU DHABI / WAM Etihad Airways, the national airline of the United Arab Emirates, on Wednesday announced its strongest annual financial results to date, with a net profit of US$103 million on total revenues of US$ 9.02 billion. The performance, which marked the airline’s fifth consecutive year of net profitability, also saw earnings before interest and tax, EBIT, of ...

  ABU DHABI / WAM During the company’s annual general meeting, Al Qudra Holding presented the full activity report for the financial year ending December 31, 2015, and revealed the great achievements the company has accomplished on all levels. This meeting was attended by board members and presided by the Vice Chairman of Al Qudra Holding, Khalifa Yousef Khouri. Commenting ...

  DUBAI / WAM HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority and Chairman of Emirates Group, received an award for Dubai International Airport as the Best Airport in the Middle East for 2016. This came when HH Sheikh Ahmad visited the pavilion of Dubai International Airport during its participation in the Arabian Travel Market ...