Abu Dhabi / Emirates Business Etihad Airways has launched a new hand baggage only ‘Deal Fare’ across selected destinations, allowing travellers to purchase lower fares in Economy Class if no checked baggage is required. The ‘Deal Fare’ includes a complimentary carry-on baggage allowance of 7kg and is available on flights between Abu Dhabi, Bahrain, Kuwait, Oman, Saudi Arabia, Jordan, Lebanon, ...
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FANR, Khalifa University sign research agreement
Abu Dhabi / WAM The Federal Authority for Nuclear Regulation, FANR, and Khalifa University of Science and Technology (KU), have signed a collaborative research agreement focused on advancing nuclear safety research and educating the UAE’s next generation of peaceful nuclear energy professionals. The agreement was signed during a ceremony held at FANR’s premises by Christer Viktorsson, FANR Director-General, and Dr. ...
Read More »May, Corbyn both face friendly fire as UK parliament returns
Bloomberg Both Prime Minister Theresa May and opposition Labour Party leader Jeremy Corbyn found themselves under fire as British lawmakers prepared to return to work this week. For May the issue was Brexit. Her proposed agreement was attacked by European Union negotiator Michel Barnier, who said he “strictly†opposed it. It was derided by her former Brexit Secretary David Davis, ...
Read More »India economy holds shaky crown as risks factors build
Bloomberg India’s world-beating economic growth is running up against some big risks: high oil prices, emerging market stress as the era of easy money draws to a close, and policy paralysis in the run-up to next year’s federal election. Those factors may push the rupee, Asia’s worst performer this year, even lower, as well as dampen some of the optimism ...
Read More »Can China’s government really limit how long kids play games
Bloomberg Xi Jinping’s government has demonstrated a unique ability to exert control over everything from political speech to the internet. It may now have met its match: China’s children. The country’s kids have taken to digital games like those around the world, playing hours of Honour of Kings and PlayerUnknown’s Battlegrounds. Their enthusiasm has made China’s the world’s biggest game ...
Read More »Trump to back $200bn China tariffs this week
Bloomberg President Donald Trump wants to move ahead with a plan to impose tariffs on $200 billion in Chinese imports as soon as a public-comment period concludes this week, according to six people familiar with the matter. Asked to confirm the plan in an interview with Bloomberg News in the Oval Office, Trump smiled and said it was “not totally ...
Read More »Novartis targets output streamlining as US prices decline
Bloomberg Swiss pharmaceutical company Novartis AG wants to increase its operating margins by making production and other processes more efficient as it positions for possible further declines in US drug prices, its chairman said in an interview. Joerg Reinhardt told the newspaper NZZ am Sonntag that his company is taking steps to increase its operating profit margin towards 35 percent ...
Read More »Coke makes $5.1bn bet on coffee market with Costa deal
Bloomberg Coca-Cola Co. is making an audacious move into coffee and retail outlets with the $5.1 billion purchase of UK chain Costa, its biggest acquisition in eight years and a push into the fiercely competitive java market. The soft-drinks company swooped in after Whitbread Plc announced a plan in April to spin off the business. The transaction gives Coca-Cola instant ...
Read More »Firms from 74 nations to join 5th Dubai Future Accelerators
Dubai / WAM Dubai Future Foundation (DFF) announced closing the registration for the 5th cohort of Dubai Future Accelerators program, and receiving applications from start-ups and global companies from 74 countries around the world. The program received over 600 applicants in which they will undergo a rigorous evaluation and selection process. Ultimately, selected companies will have the opportunity to take ...
Read More »Abu Dhabi Exchange brings out new tick sizes
Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX), the region’s leading financial market, announced the start of trading with the new tick size for stocks of companies with share price of less than AED 1.00 after successful testing of all internal systems, and technical and operational procedures relevant to operating tick sizes. ADX began operations on Saturday with the ...
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