News

Sunaina Rana / EMIRATES BUSINESS UAE-based company Mena Market Place is soaring to new professional heights under the leadership of director Nader Bitar. One of the leading programmatic advertising companies in the region, the firm has now formed strategic partnerships with industry giants Just Premium and SSP Rubicon Project. Nader Bitar, Director, Mena Market Place, said, “Mena Market Place is the ...

ABU DHABi / WAM Under the patronage of His Highness Sheikh Khalifa Bin Zayed Al Nahyan, President of the UAE, Abu Dhabi will play host to the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) from November 7 to 10 at the Abu Dhabi National Exhibition Centre. Driving efficiency in the energy sector will form the cornerstone of ADIPEC 2016, ...

Wellington / Bloomberg Air New Zealand more than doubled first-half profit and said it expects full-year earnings to surge at least 70 percent as lower fuel prices and growing passenger numbers boost revenue. Net income jumped 154 percent to NZ$338 million ($225 million) in the six months to December 31, the Auckland-based airline said Thursday. Pretax earnings climbed to NZ$457 ...

London / Bloomberg China’s HNA Group and a consortium led by Ontario Teachers’ Pension Plan Board and Borealis Infrastructure are in the lead to buy London City Airport from its US owners, people familiar with the matter said. The central London airport, owned by Global Infrastructure Partners, could fetch more than 2 billion pounds ($2.8 billion), the people said, asking ...

Bloomberg Airbus Group SE announced plans to lift output of the aging A330 jet and predicted higher annual deliveries, indicating its confidence weeks after US rival Boeing Co. shocked investors by flagging a drop in output. The European planemaker said it will restore A330 production to seven a month in 2017, suggesting it has come to terms with a demand ...

Bloomberg Target’s heavy discounting during the crucial holiday season squeezed fourth-quarter profits. But its trendy assortments and spiffed up presentations induced shoppers to spend more. The company, based in Minneapolis, also offered an upbeat outlook, sending shares more than 3 percent higher. The results show Target has made solid progress in reinvigorating its business and winning back shoppers. It initiated ...

Beijing / Bloomberg Chinese billionaire Wang Jianlin’s Dalian Wanda Group Co. is planning to invest billions of euros in a retail and leisure development outside of Paris, according to two people familiar with the matter. An announcement may come as soon as on Friday, according to the people, who asked not to be identified because the project is confidential. Wang ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, who is also the Chairman of the Abu Dhabi Executive Council, has stressed that upon the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, the UAE entered into a new phase of ...

RAS AL KHAIMAH / WAM RAK Properties reported during its board of directors meeting an impressive 23.5 per cent growth in revenues in 2015. A proposal of dividends distribution of 5% cash for the year 2015 was also recommended by the board and will be presented on the company’s annual general meeting due to be held on March 12th 2016. ...

DUBAI / WAM HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance, and Christine Lagarde, Managing Director of the International Monetary Fund (IMF), discussed on Wednesday a variety of regional and global economic and financial developments and ways to stimulate growth in developing countries. Sheikh Hamdan and the IMF chief also explored best ...