News

  Abu Dhabi / Emirates Business Etihad Airways’ Premium Lounge at Melbourne Airport has been voted Australasia’s Leading Airport Lounge for 2016. The announcement was made at the 23rd Annual World Travel Awards Asia and Australasia ceremony in Danang, Vietnam on October 15. Etihad Airways’ Chief Executive Officer, Peter Baumgartner, expressed delight at the win, the airline’s first ever at ...

  Manama / Emirates Business The 23rd edition of the World Islamic Banking Conference (WIBC) will see a global participation with leaders from different regions across the world. The conference held in strategic partnership with the Central Bank of Bahrain will take place in Manama, Bahrain on the 5th, 6th and 7th of December and will feature a groundbreaking lineup ...

  Abu Dhabi / Emirates Business Abu Dhabi Ports, (ADP) the master developer, operator and manager of the Emirate’s ports and Khalifa Industrial Zone, and the Australian Maritime College (AMC), a specialist institute of the University of Tasmania for maritime education, training and research, have joined forces to deliver their first certified coastal seafaring courses in Abu Dhabi. Abu Dhabi ...

  Abu Dhabi / Emirates Business Etihad Airways has signed an agreement with Tourism Australia to be the Official Airline Partner of The World’s 50 Best Restaurants Awards in 2017. Under the agreement, the airline will fly the world’s best chefs and food media to Australia for the programme, a celebration of the best in global gastronomy. The events, in ...

  Sharjah / Emirates Business In the presence and under the patronage of His Highness Sheikh Dr Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, and his wife, Her Highness Sheikha Jawaher bint Mohammed al Qasimi, Chairperson of the ‘Big heart’ Foundation, Chairperson of NAMA Women Advancement Establishment, the second edition of the ‘Investing in the ...

  Reuters Kuwait National Petroleum Co (KNPC) expects to finalise a loan of well over $5 billion to finance its Clean Fuels project by the end of the first quarter of next year, sources involved in the project said. The state-owned refiner had originally said it planned to complete the fundraising, one of the world’s largest-ever loans backed by export ...

  Reuters Saudi Oger has begun talks with potential buyers for its 20.93 percent stake in Arab Bank in a deal that could raise about $1 billion for the embattled construction giant, sources aware of the matter said. Oger was one of two large Saudi contractors charged with implementing the kingdom’s grand infrastructure plans before the fall in oil prices ...

  Bloomberg The UK dropped out of businesses’ top five locations for investments for the first time in seven years as fears about the country’s plans to exit the European Union added complexity to international deals, consultants Ernst & Young LLP said in a survey of executives. British businesses rank behind investments in the US, China, Germany, Canada and France, ...

  TOKYO / AP US electric car maker Tesla says it plans to start working with Japanese electronics company Panasonic Corp. on solar energy. Tesla’s said on its corporate blog Monday that the companies have signed a non-binding letter of intent to begin collaborating on Panasonic’s production of photovoltaic cells and modules at a facility under construction by San Mateo, ...

  Bloomberg Manhattan rents decreased in September, marking only the second time since February 2014 that median rents for the borough fell from a year earlier. That’s great if you’re single and earning $100,000 a year, or part of a household that spends $100,000 a year on rent. For everybody else in New York, the new rental market data, published ...