News

DUBAI / WAM Sultan bin Saeed Al Mansoori, Minister of Economy, received Mohamed Hamed Kawa, Minister of Commerce and Industry of the Republic of Chad, and his delegation at the headquarters of the General Civil Aviation Authority (GCAA), in Dubai. The two sides discussed ways to strengthen economic relations, the importance of co-ordination in the field of civil aviation, the ...

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has ordered the release of 803 prisoners on the occasion of Eid Al Adha. The pardoned prisoners had been sentenced to jail terms for a variety of offenses. Sheikh Khalifa pledged to settle the financial obligations of the released prisoners. The pardon comes within the framework of ...

Abu Dhabi / Emirates Business Etihad Airways and Aerolíneas Argentinas have launched a new codeshare partnership. Under the agreement, Etihad Airways customers are able to enjoy convenient connections via Rome and Madrid to Buenos Aires (EZE) and onwards to nine other popular Argentinian destinations – Córdoba (COR), Mendoza (MDZ), Rosario (ROS), Iguazú (IGR), Salta (SLA), Mar del Plata (MDQ), Bariloche ...

DUBAI / WAM The Dubai Financial Services Authority (DFSA) and the Securities and Futures Commission (SFC) in Hong Kong entered into an agreement to establish a framework of cooperation on financial technology, FinTech, innovation. The agreement will further strengthen the efforts of both authorities to develop an innovations-friendly ecosystem in their respective markets. The signing took place between Ian Johnston, ...

DUBAI / WAM flydubai announced its half-year (H1) results for the 2017 financial year and reported total revenue of AED2.5 billion ($689 million) an increase of 9.9 percent compared to the same period last year and a loss of AED142.5 million ($38.8 million). Passenger numbers increased to 5.4 million; an increase of 10.5 percent compared to H1, 2016. The number ...

Abu Dhabi / Emirates Business Organisers of the annual Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), hosted by ADNOC, have confirmed the event’s technical conference, already the world’s largest for oil and gas professionals, will see a significant increase in scope for 2017 to include the downstream industry for the first time, as well as more sessions for specialised ...

DUBAI / WAM ENOC Group announced that it has awarded the final contract of three packages that comprise its $1 billion refinery expansion programme to Overseas-AST. The Engineering, Procurement and Construction (EPC) contract includes the construction of various interconnecting pipelines between the refinery’s processing units, the storage tanks and the berth facilities within Jebel Ali Free Zone (JAFZA). The pipelines ...

Bloomberg Uber Technologies Inc. will appoint Expedia Inc.’s Dara Khosrowshahi to run the global ride-hailing leviathan, two people familiar with the matter said. He’ll succeed co-founder Travis Kalanick, who led the firm to $20 billion in annual bookings before scandals forced him out. In hiring Expedia’s chief executive officer, Uber will land a seasoned deal-maker and an outspoken critic of ...

Bloomberg Brexit talks resume on Monday with Prime Minister Theresa May under pressure on two fronts: European negotiators are pushing her to reveal her hand, while the opposition Labour Party has made a bid to lure May’s critics to their side. Labour’s announcement that it wants Britain to stay in the European Union’s single market and customs union for up ...

Bloomberg President Vladimir Putin’s ban on European Union cheese imports has driven up milk prices in Russia by so much that French yogurt maker Danone is transporting almost 5,000 cows to a farm in Siberia to ensure it has an affordable supply. The Holstein cows are traveling as many as 4,500 kilometres in trucks from the Netherlands and Germany, boosting ...