Uncategorized

Sharjah / WAM Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier, today announced that starting from July 9, Sohar will become the third destination to join its Oman network. The new route complements Air Arabia’s existing operations in Oman to Muscat and Salalah, boosts travel and trade opportunities between the two Gulf countries, and provides ...

Bloomberg / Emirates Business The US Department of Homeland Security lifted its ban on electronic devices in the cabins of commercial jetliners flying to the US from Abu Dhabi after validating security measures at a new facility inside Abu Dhabi International Airport, according to a statement from Etihad Aviation Group. “The removal of the restrictions allows passengers flying to the ...

Dubai / WAM Emirates expanded its presence in Southeast Asia with the launch of a new daily linked service from Dubai to Phnom Penh (PHN) in Cambodia, via Yangon in Myanmar. The airline says that the new service, operated with a Boeing 777 aircraft, broadens the its network in Southeast Asia to 13 cities in eight countries and offers more ...

Bloomberg India’s Vedanta Ltd. will spend $3 billion over the next three years as it seeks to expand oil reserves and nearly double output from its largest field. India’s biggest non-state producer, controlled by billionaire Anil Agarwal, plans to drill more wells at its Barmer block in the western Indian state of Rajasthan and other blocks in the eastern part ...

Bloomberg Japan’s core consumer prices crept higher for a fifth straight month, but their slow rise means inflation remains far from the Bank of Japan’s 2 percent target. Highlights of Data Consumer prices excluding fresh food advanced 0.4 percent in May from a year earlier, the fastest gain since December 2014, when the impact of a 2014 sales-tax hike is ...

Bloomberg The Canadian government is proposing consolidating environmental reviews under a single agency while adding a new approval step for proponents of pipelines and other major projects — in what it says is a bid to both strengthen and clarify environmental rules. The proposal would add a requirement for an “early engagement” phase for projects that the government says would ...

Bloomberg Canada Pension Plan Investment Board agreed to buy Parkway Inc., a real estate investment trust with properties in the Houston area, for $1.2 billion. The $23.05-a-share cash offer, which consists of $19.05 a share plus a $4 special dividend to be paid prior to the the deal’s completion, is about 13 percent more than Parkway’s closing price on June ...

Bloomberg Bayer AG asked the European Union to approve its $66 billion combination with Monsanto Co., the last of a trio of mega-deals reshaping the global agrochemicals industry. The German chemical giant’s filing kickstarts an initial review with an Aug. 7 deadline. Bayer said it’s still seeking to close the deal “before the end of 2017,” a sign that it’s ...

Bloomberg Scandal-hit Japanese Prime Minister Shinzo Abe faces one of the biggest tests of his four and a half years in power, after his ruling party lost to an upstart outfit in an election for Tokyo’s assembly. The Liberal Democratic Party (LDP) as projected to win its lowest number of seats ever in the capital in a poll that can be ...

Bloomberg South African President Jacob Zuma lashed out at critics within his African National Congress, saying they’re threatening the ruling party’s hold on power. “Factionalism is a cancer that must be rooted out,” Zuma, 75, said Friday in his opening address to a six-day ANC conference in Johannesburg that will discuss issues ranging from land reform and ownership of the ...