News

Dubai / Emirates Business dnata, one of the world’s largest air services providers, and Lufthansa Group continue to expand their partnership in the United States. dnata has been selected to provide ramp, secure clean and passenger handling services to Lufthansa at Austin-Bergstrom International Airport and now serves the airline group, including Swiss International Air Lines, Austrian Airlines and Edelweiss Air, ...

Dubai / WAM DMCC, the world’s leading Free Zone for commodities trade and enterprise, published its second annual sustainability report on Tuesday, as part of its commitment to the United Nations Global Compact, UNGC. The report is prepared in line with the Global Reporting Initiative, GRI, Standards Core option. The report builds on the first edition released in September 2018, ...

THE HAGUE / WAM The United Arab Emirates has demanded Qatar unblock a website that allows Qatari citizens to apply for entry permits to travel to the UAE. The request was made during a hearing at the International Court of Justice, ICJ, held to consider the UAE’s plea that Qatar withdraws a complaint it lodged with the Committee for the ...

Abu Dhabi / WAM The United Arab Emirates, under the leadership of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, is keen to unite the charitable efforts in the region and the world for a better future for humanitarian action, according to HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region, Chairman of the Emirates ...

Abu Dhabi / WAM Abu Dhabi Commercial Bank PJSC released its Q1-2019 financial results, reporting strong operating performance underpinned by robust growth in gross interest and Islamic financing income and non-interest income. In a statement, the bank said its results are for the standalone ADCB entity for the first quarter of 2019, prior to the merger with Union National Bank ...

Sharjah / WAM Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier, LCC, announced on Tuesday the launch of a direct flight from Sharjah to Tunis, Tunisia’s capital city starting July 4. The new flight will operate three times a week; on Tuesdays, Thursdays and Saturdays. The flights depart Sharjah International Airport at 15:30 hours local ...

Bloomberg In a war for the control of India’s billion-plus mobile-services market, tycoon Sunil Mittal seems to be floundering in the face of a juggernaut unleashed by Mukesh Ambani. For at least a fourth quarter in a row, Mittal’s Bharti Airtel Ltd shored up its profits with one-time gains, masking headwinds posed by upstart Reliance Jio Infocomm Ltd. Jio’s roll-out, ...

Bloomberg Singapore’s mobile phone carriers are being asked to take a step towards introducing fifth-generation (5G) wireless services as early as next year as the government plans to allocate spectrum for at least two networks. The city-state’s telecom regulator will request proposals from the companies, which include Singapore Telecommunications Ltd and StarHub Ltd, later this year, the Infocomm Media Development ...

Bloomberg Gold imports by India surged in April amid falling prices and higher demand ahead of the second-biggest gold-buying day in the Hindu calendar. Inbound shipments grew to 121 tons last month from 52.8 tons a year earlier, according to a person familiar with the data, who asked not to be identified as the information isn’t public. Shipments were higher ...

Bloomberg Luckin Coffee Inc, the ambitious startup that is challenging Starbucks Corp in the race to dominate China’s growing coffee culture, is seeking to raise as much as $510 million in its US initial public offering. The Xiamen-based company said in a filing that it’s planning to sell 30 million American depositary shares for $15 to $17 each. At that ...