Uncategorized

DUBAI / Emirates Business Emirates on Wednesday announced that it is to launch a new daily route from Dubai (DXB) to London Stansted (STN) on June 8, 2018. With its strategic position close to the tech and pharma hubs of Cambridge and Peterborough, Emirates will be the first Middle Eastern airline to operate out of the popular North East London ...

DUBAI / WAM Emirates NBD on Wednesday announced that it has been named The Banker’s ‘Bank of the Year – UAE 2017’ for the third year in a row. In a news report announcing the 2017 winners, The Banker stated that the bank “impressed the judges with its strong digital focus, as well as the way it has continued to ...

Abu Dhabi / WAM Under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, the next edition of the Abu Dhabi Sustainability Week (ADSW), will focus on ‘Driving the Global Energy Transformation’. ADSW will take place from January 13-20 at the Abu Dhabi National ...

Dubai / Emirates Business HotelsCombined.com, the world’s leading hotel price comparison website reveals on Wednesday that Dubai continues to be the top favorite destination among GCC travelers during the festive season, followed by Abu Dhabi and Al Medina, Saudi Arabia. On the international level, London maintains its position as the most popular destination followed by Istanbul and Paris, according to ...

Bloomberg Senate Republicans passed the most extensive rewrite of the US tax code in more than 30 years, a bill that delivers a deep, permanent tax cut for corporations and shorter-term relief for individuals. The chamber’s 51-48 party line vote on Wednesday in Washington brought President Donald Trump to the brink of his first major legislative victory. The bill—which has ...

Bloomberg PM Theresa May is sticking to her guns and pushing for a made-to-order trade deal with the EU—despite the bloc’s insistence such a scenario is out of the question. May presided over a discussion with her Cabinet to flesh out her vision of an end state, aiming for a “significantly more ambitious deal” than that between the EU and ...

Bloomberg Toys ‘R’ Us Inc.’s British unit, which is at risk of collapse, faces questions from lawmakers about a reported surge in payments to its former managing director. The loss-making British arm of the US toy retailer boosted Roger McLaughlan’s pay to 1.3 million pounds ($1.7 million) in the year ended on January 30, 2016, from 1 million pounds and ...

Bloomberg Surging steel prices and a new Indian insolvency law have set the stage for an industry-defining battle between tycoons and producers for more than $26 billion of the sector’s most-coveted assets. Creditors are seeking the approval of India’s new bankruptcy court to sell assets of as many as 40 firms, including steel producers. That’s spurred Lakshmi Mittal, head of ...

Bloomberg Bondholders of Reliance Communications Ltd., the embattled Indian mobile phone operator controlled by billionaire Anil Ambani, have hired advisers after the company defaulted on its dollar-denominated notes in November. Certain investors holding a significant percentage of the securities have formed a committee, which has appointed PJT Partners Inc. as its financial adviser and Kirkland & Ellis LLP as its ...

Bloomberg The US urged Russia to halt a renewed bout of fighting in the four-year conflict in eastern Ukraine following the Kremlin’s decision to withdraw from a military-monitoring mission. Ukraine, which has been battling Russian-backed insurgents near the two nations’ border since 2014, said eight civilians were wounded on Tuesday by heavy artillery and mortar fire. Two soldiers were killed, ...