News

SINGAPORE / AFP Bombardier Inc. expects to get certification from US and European authorities for its new C Series jet in the first half of this year, and will deliver initial models to launch customer Swiss International Air Lines AG on time, one of the Canadian planemaker’s top executives said. The Montreal-based maker of aerospace and rail equipment is “absolutely ...

Beijing / Bloomberg Honeywell International is working with China’s state-owned aircraft maker Comac to certify its planes, including the country’s first homegrown single-aisle jet that aims to challenge Boeing Co. and Airbus Group SE’s control of the market. “It will be just as efficient and just as safe as predicted and as we’re saying, especially certified to Western — whether ...

Abu Dhabi / WAM Blue Bolt Limited, a wholly owned subsidiary of Abu Dhabi Investment Authority (ADIA) has acquired a 36% stake in Fenix Power Peru, a thermoelectric power generation company in Lima, as part of a consortium transaction valued at US$786 million. The Peruvian investment fund SIGMA holds 13% of Fenix. Fenix Power is a power generation company which ...

Abu Dhabi / Emirates Business The Emirates Nuclear Energy Corporation (ENEC) on Tuesday announced the successful completion of Cold Hydrostatic Testing (CHT) at Unit 1 in Barakah. An event held in regard to the testing — a crucial step in preparing the plant for commercial operations — was attended by HE Matar Al Neyadi, Under Secretary of the UAE Ministry ...

Alkesh Sharma / Emirates Business How to increase the global food production by 70 percent to feed over 9 billion people by 2050; which mechanisms would be the best to profitably restore land globally; how to tackle the current water scarcity issue in various countries; and how to bring all economies on a common platform to ensure food security for ...

Abu Dhabi / Emirates Business Abu Dhabi Motors, BMW Group’s importer in the Capital, ended 2015 with an exceptional sales growth of 36% in comparison to the previous year. Contributing to its success was a number of strategic partnerships with major organisations across the Emirate, including the Emirates Palace, Abu Dhabi International Airport and Al Ain Club, which helped contributed ...

Ritika Sharma / Emirates Business A lot is being talked about fast food; its pros and cons. But, did you know there is ‘slow food’ as well? A concept of dining that combines whole foods that are locally or home grown, is fast picking pace in the UAE. Trends in the F&B industry in the UAE are moving towards healthy ...

Abu Dhabi / WAM Etihad Airways, the national airline of the United Arab Emirates, on Tuesday announced a 63 percent increase in full-year passenger traffic with partner Jet Airways to and from India, reinforcing the strength of the equity tie-up and the airline’s commitment to one of world’s largest travel markets. Together, the airlines carried a record 3.3 million passengers ...

Doha / Emirates Business Links Group, one of the UAE’s leading providers of commercial facilitation and advisory services, has strengthened its management team in Qatar with the appointment of Neil Wilson as Country Manager. The new appointment will support increasing demand from foreign investors to establish a commercial presence in the region. Neil brings to Links Group over 13 years ...

Abu Dhabi / Emirates Business Abu Dhabi Duty Free set a new sales record in 2015, reaching AED 1.5 billion across its retail, food and beverage (F&B) and services sectors, according to its latest commercial figures. Sales were up 10.3% on 2014’s figures, despite increasing economic volatility worldwide. The retail category continued its upward growth trend, rising by 7% to ...