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Dubai / Emirates Business Emirates is spreading the festive joy with treats across all cabin classes this December. Customers travelling for the holidays will enjoy several Christmas specials both on the ground and on board from food to entertainment. Festive menus are back In addition to the regionally inspired cuisine served on board, Emirates is bringing back its Christmas menu ...

Dubai / Emirates Business The CEOs Advisory Council of UAE Banks Federation (UBF), a professional representative on Sunday comprising 48 member banks operating in the UAE, held its fourth meeting of the year in Dubai to review the progress of the federation’s initiatives mainly on digitization standard for the blockchain, as well as SMEs access to finance “The meeting was ...

Dubai / WAM Global trade enabler, DP World, was recognised for its world leading business standards and practices, winning two awards at the Transport Arabia Excellence Awards 2017, held under the patronage of His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority and Chief Executive of Emirates Group. DP World – UAE Region won the ...

Abu Dhabi / WAM The region’s first Clean Air Forum and Future Air Quality Technology Exhibition by the Environment Agency – Abu Dhabi (EAD), and the Department of Economic Development – Abu Dhabi ( ADDED), was opened on Sunday by Dr Thani bin Ahmed Al-Zeyoudi, Minister of Climate Change and Environment. The event began with a welcome address by Razan Khalifa ...

KUWAIT / Reuters Kuwait’s oil minister Essam al-Marzouq said on Sunday that OPEC and other oil producers will study before June the possibility of an exit strategy from the global oil supply-cut agreement. “There are still meetings every couple of months for the ministerial monitoring committee, and there will be a study formed for the possibility of an exit strategy… ...

Bloomberg While the Trump administration’s efforts to bolster money-losing nuclear plants have hit a potential hitch, New Jersey may press ahead with a rescue plan of its own. Lawmakers are exploring legislation after the state’s biggest utility warned that its reactors are at risk of being shut down in the next two years without a “safety net” because they’ll be ...

TRIPOLI / Reuters The head of Libya’s UN-backed government held a rare meeting with the head of the National Oil Corporation (NOC) and the governor of Tripoli’s central bank to discuss funding to raise oil production. Relations between the three institutions have been fractious over the past two years due to stand-offs over public spending and funding for NOC. Ties ...

Bloomberg Almost all coal plants in the European Union will be outspending their income by the end of the next decade, relying on subsidies to stay open to back up wind and solar generation. About 54 percent of the region’s plants already fail to break even, according to a report by London-based Carbon Tracker Initiative. The facilities are kept online ...

Bloomberg Exxon Mobil Corp is joining Chevron Corp and other US refiners to supply the newly free Mexican fuel market. Exxon sent two cargoes totalling 120,000 barrel of diesel and gasoline from its refinery in Beaumont, Texas, to a private terminal in San Luis Potosi. The company is moving cargoes along Kansas City Southern Railway Co.’s network and plans to ...

Bloomberg The pace of China’s import growth is set to slow in 2018 after a boom this year. Inbound shipments will expand just 5 percent in 2018 after surging 14.9 percent this year, according to a Bloomberg survey of economists. Slower infrastructure investment, tighter monetary policy, weaker commodity inflation and high base effects are likely growth drags. That’s unwelcome news ...