News

  Abu Dhabi / Emirates Business Etihad Airways on Tuesday announced its Abu Dhabi – Madrid route will operate daily with the introduction of three new flights each week, effective June 1, 2017. The additional frequencies underscore the airline’s commitment to offer guests greater choice and more travel options. Continuing to operate with a two-class Airbus A330-200 offering 22 Business ...

  Dubai / Emirates Business The 7th Annual Middle East FireSafe Summit, supported by Directorate General of Civil Defence-Dubai, kicked off on Tuesday at the Shangri-La Hotel, Dubai. The two-day summit will witness government bodies, fire safety institutions, trade bodies and global fire safety leaders coming together and staging a dialogue on achieving fire safety excellence in the region. Brigadier ...

  Sharjah / Emirates Business Sharjah Commerce and Tourism Development Authority (SCTDA) is preparing for a roadshow in India, covering the four major areas of Mumbai, Delhi, Chandigarh, and Bangalore, on October 17-21. The SCTDA delegation to the India includes representatives from Sheraton Hotel Resort, Ramada Hotel, Golden Tulip Hotel, Marbella Resort, Hotel Holiday International, Oceanic Hotel – KF, SATA ...

  Dubai / Emirates Business dubizzle’s Number Plates category organically reached over 4,500 ads with a gross market value of over AED130 million since its launch in mid-July. In that time, the category has become the second largest for dubizzle Motors after Used Cars, overtaking Accessories and Parts. The UAE’s leading classifieds platform receives an average of 1.68 million monthly ...

  Bloomberg Egyptian Finance Minister Amr El Garhy said his country would gather an additional $6 billion in bilateral funding required to secure a $12 billion International Monetary Fund loan within one or two weeks. The IMF in August agreed in principle to grant Egypt a $12 billion, three-year loan facility to support a government reform programme aimed at plugging ...

  Reuters Vodafone has agreed a partnership with Iranian internet firm HiWeb to help modernise its network, the companies said on Tuesday, making the British company the latest Western firm to enter Iran after sanctions were lifted. Vodafone, the world’s second-largest mobile phone company, said the agreement to help modernise HiWEB’s network and IT infrastructure would also benefit its multinational ...

  Bloomberg Prime Minister Narendra Modi’s government is planning a 210 billion-rupee ($3.1 billion) package of state aid for India’s solar panel manufacturing industry, according to two officials. The so-called Prayas initiative, short for for “ Pradhan Mantri Yojana for Augmenting Solar Manufacturing,” a central-government plan designed to lift India’s installed photovoltaic capacity as well as to create an export ...

  Montreal / AFP Mitsubishi Heavy Industries Ltd. is considering options for its shipbuilding business to reduce costs as persistently weak demand for vessels prompts companies in the industry to take measures to reorganize their operations and form partnerships. The company is considering a capital tieup with three Japanese shipbuilders — Namura Shipbuilding Co. as well as closely held Imabari ...

  Bloomberg India’s oil product demand contracted for the first time in almost two years amid strong monsoon rains and unrest in some provinces. Fuel use during September in the world’s fastest growing consumer fell to 14.6 million tons last month, down 2 percent from a year earlier, according to the oil ministry’s Petroleum Planning & Analysis Cell. That’s the ...

  Bloomberg With the world’s second-largest economy stable for now, you’ll need to look under the hood to see where the real action is when China releases its third-quarter economic report card on Wednesday. Gross domestic product probably expanded 6.7 percent from a year earlier in the three months through September, the same pace as the previous two quarters and ...