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ABU DHABI / WAM Etihad Aviation Group is participating in the Global Investment in Aviation Summit (GIAS) held over three days in Dubai. The summit is an opportunity for aviation leaders and experts from around the world to gather and explore investment opportunities, hear from subject matter experts and showcase the latest technology trends within the sector. Etihad is represented ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, praised the achievements of the “Dubai Aviation City Project” in Southern Dubai, which covers a plot of land with an area of 145-square kilometres next to the site of the Expo 202 Dubai. During his tour of ...

ABU DHABI / WAM Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance, inaugurated the 13th Tawdheef Abu Dhabi 2019, which is the country’s leading Emiratisation fair and was attended by many officials. The new edition of the three-day fair, which is witnessing the participation of 107 government authorities and institutions and private companies and was organised by Informa Exhibitions, ...

Dubai / WAM Dubai International (DXB), has retained its position as the world’s busiest airport for international customer numbers for the fifth consecutive year, with annual traffic for 2018 surpassing 89.1 million. Aside from record traffic numbers, DXB enjoyed a banner year for customer service with shorter wait times and new retail and food and beverage offerings. The total number ...

Bloomberg China’s oil refining giant said its trading unit lost almost $700 million last year after being wrong-footed by zigzagging markets, revealing one of the biggest losses by a commodity trader in the last decade. Sinopec blamed the losses at its Unipec unit in part on “inappropriate hedging techniques” and said it closed its positions after discovering the problem. Oil ...

Bloomberg America’s gasoline producers can run, but they can’t hide from a plunge in refining profit margins that sanctions against Venezuelan crude would only worsen, analysts said. The biggest US refiners are expected to report strong fourth-quarter earnings thanks to profits from diesel processing in a strong US economy, as well as a drop of about 40 percent in crude ...

Bloomberg Heavy Canadian crude isn’t getting any cheaper — but that hasn’t stopped companies from splurging on costly rail shipments. Rail-car loadings hit a record 356,000 barrels a day in the week ended Jan. 11, up from a daily average of 296,000 barrels in December, according to Genscape Inc., which monitors some of the larger crude-by-rail terminals in Western Canada. ...

Bloomberg The Securities and Exchange Commission (SEC) is investigating whether Nissan Motor Co accurately disclosed its executive pay in the US, according to several people familiar with the matter, compounding the carmaker’s woes as it grapples with the aftermath of former chairman Carlos Ghosn’s arrest. The US financial regulator is examining whether Nissan’s executive-pay disclosures were accurate and whether the ...

Bloomberg Pakistan will raise $500 million in March through a fund aimed at its nationals living overseas, as South Asia’s second-biggest economy seeks investment after averting a balance-of-payment crisis. Pakistani citizens living abroad will be asked to invest in the fund managed by the Board of Investment and the central bank, Haroon Sharif, the chairman of the state-run agency, said. ...

Bloomberg Exports from Hong Kong fell more than expected in December as the impact of US-China trade tensions deepened in the port city, the first time sales abroad have contracted in consecutive months since 2016. December exports tumbled 5.8 percent from a year ago to HK$339.9 billion ($43.3 billion), while imports slid 7 percent to HK$391.2 billion in the same ...