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VIENNA / Bloomberg IFM Global Infrastructure Fund offered to pay a 21 percent premium to increase its stake in Vienna International Airport as the Australian private-equity investment company seeks stable income from infrastructure operators amid a drop in interest rates. IFM plans to pay 100 euros a share to lift its holding in Flughafen Wien AG (Vienna International Airport) to ...

BEIJING / AFP Alibaba Group Holding Ltd.’s delivery affiliate attracted investments from Malaysia and Singapore, including Temasek Holdings Pte, in its first round of external fundraising since its creation in 2013. Zhejiang Cainiao Supply Chain Management Co. also gained funding from GIC Pte. and Khazanah Nasional Bhd to bankroll its expansion, according to an e-mailed statement on Monday. The company ...

Bloomberg Juneyao Airlines Co. aims to double its fleet by 2020, expecting the mid-year opening of Disney’s Shanghai park and more tourist travel to further drive flight demand as the privately run Chinese carrier considers joining a global alliance. “The potential for growth is huge,” Chairman Wang Junjin told reporters Sunday on the sidelines of the National People’s Congress in ...

Bloomberg Nomura Holdings Inc. will raise salaries for employees at its Japanese retail brokerage for a third year. Base pay for about 3,700 workers at the Nomura Securities Co. unit will climb an average 2 percent starting in April, Kenji Yamashita, a spokesman for the Tokyo-based firm, said on Monday by phone. The increase targets younger employees in an effort ...

CHENNAI / Bloomberg In an airfield in southern India, seven planes of the failed Kingfisher Airlines Ltd. rust away — relics of a former billionaire’s ambition and emblems of the complex regulations that hamper Indian aviation. The decaying aircraft, damaged by floods in Chennai late last year, were part of the fleet of India’s once second-largest airline. As authorities try ...

DUBAI / WAM UAE master developer Nakheel , creator of some of the world’s most famous landmark real estate projects, is targeting European investors with a diverse range of products worth AED 4 billion (€1 billion) as it attends MIPIM, the world’s largest real estate event, for the first time. Investment opportunities include around 100 land plots for commercial, residential ...

ABU DHABI / WAM Abu Dhabi will highlight its tourism credentials as a destination of distinction when a delegation, led by Abu Dhabi Tourism and Culture Authority, TCA Abu Dhabi, embarks on a roadshow to four European countries in four days. In a bid to build on impressive numbers of inbound tourists from the continent, the delegation will visit Milan, ...

Bloomberg Dubai stocks advanced the most among Middle Eastern equities as the European Central Bank’s monetary stimulus boosted demand for emerging-market assets, adding fuel to bullish sentiment in the emirate. The DFM General Index climbed 1.4 percent to 3,401.03, extending four weeks of gains, the longest streak since April. Emirates NBD PJSC, the emirate’s biggest lender, added 4.6 percent to ...

ABU DHABI / WAM Etihad Airways’ President and Chief Executive Officer, James Hogan, rendered the opening address to more than 1,200 delegates attending the World Cargo Alliance, WCA, Conference taking place at the Abu Dhabi National Exhibition Centre from March 10-13. Mr Hogan spoke about changes in the global cargo industry and how the Etihad Airways Partner alliance increases the ...

DUBAI / WAM The Road and Transport Authority (RTA) has awarded a contract for constructing Sheikh Rashid Rd – Sheikh Khalifa bin Zayed Rd Interchange Project costing AED611 million which is set for completion during the last quarter of 2017. Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of the RTA, said, “The Sheikh Rashid Rd. ...