News

Sharjah / Emirates Business Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier, won yet another recognition this year, winning the ‘Best Low-Cost Airline’ in Middle East and Africa at the AirlineRatings.com Airline Excellence Awards. Judged by seven editors with over 200 years of industry experience and evaluate against 12 criterial including fleet age, passenger reviews, ...

DUBAI / Emirates Business Global trade enabler DP World’s flagship Jebel Ali Port handles 65 percent of the polymer exports from the GCC region and showcased this industry-leading strength at the 14th Annual GPCA Forum in Dubai, organised by the Gulf Petrochemicals and Chemicals Association. A highlight of DP World, UAE Region’s participation at the 3-day event was the port’s ...

DUBAI / WAM The Dubai Roads and Transport Authority (RTA), signed a Memorandum of Understanding (MoU), with Reviver Auto Accessories Trading Company — the Regional Office of the American Reviver Auto Company — which will see the development of digital vehicle number plates. The plates are fitted with features such as monitoring traffic congestions, and licensing-related matters as well as road ...

Abu Dhabi / Emirates Business Etihad Airways, the national carrier of the United Arab Emirates, has become the first airline to secure funding for a project based on its compatibility with the Sustainable Development Goals of the United Nations (UNSDGs). Through a partnership with First Abu Dhabi Bank and Abu Dhabi Global Market, the airline will borrow AED 404.2 million ...

Bloomberg China’s crackdown on illegal meat imports has left India, one of the biggest exporters of buffalo meat, scrambling for a new buyer. China has adopted stricter border controls due to African swine fever, meaning Indian buffalo meat exports into China that usually flow through Vietnam has all but stopped. Indian exporters are now hoping Indonesia can more than triple ...

Bloomberg Indian telecom operator Reliance Communications Ltd will lose control of its undersea cable unit GCX Ltd after a Delaware Court approved a creditor-supported Chapter 11 plan for the subsidiary, in a setback to its own closely-watched bankruptcy process. The plan that got the nod this week will grant ownership of GCX to its own creditors in exchange for a ...

Bloomberg Japan is planning to restart operations at Japan Investment Corp and will seek a budget of about 100 billion yen ($921 million) for the public-private fund, Nikkei reported. The budget for JIC, which stopped activity in late 2018 because of a rift between the fund and the government over salaries, could come from Japan’s fiscal investment and loan program, ...

Bloomberg China Railway Construction Corp deployed thousands of workers over four years to build part of a coal-carrying line from Inner Mongolia to Jiangxi province — about the same distance as midtown Manhattan to Walt Disney World Resort in Florida. The project cost about 200 billion yuan ($28 billion) in total and was heralded by state media in 2018 as ...

Bloomberg Samsung Electronics Co’s response to Apple Inc’s much-improved iPhone 11 cameras is going to be a giant photographic arsenal strapped to the back of its 2020 flagship phones. The Korean company is preparing the biggest overhaul to the cameras on its flagship phones for next year, according to people familiar with the company’s plans. Its upcoming Galaxy S11 will ...

Bloomberg Nissan Motor Co ordered a furlough of employees for two days at the beginning of January, the latest cost-cutting move as US sales continue to slide. Nissan North America is closing US offices on January 2 and 3 to “optimise business performance and competitiveness,” the company said in an emailed statement. In a memo to employees, North America Chairman ...