Abu Dhabi / Emirates Business Etihad Airways said it was disappointed that despite its significant investments in Alitalia, the Italian airline had on Tuesday entered extraordinary administration. James Hogan, President and Chief Executive Officer (CEO) of Etihad Aviation Group, said: “We have done all we could to support Alitalia, as a minority shareholder, but it is clear this business …

  Dubai / WAM Lt. General Dahi Khalfan Tamim, Deputy Chairman of Police and General Security in Dubai, the Honorary Chairman of the Protection of Maritime Environment Society launched the first phase of the fish production enhancement programme in the presence of Sultan bin Sulayem, DP World Group Chairman, CEO and Chairman of Ports, Customs and Free Zone Corporation. Seven …

DUBAI / Reuters Shares in petrochemical giant Saudi Basic Industries (SABIC) fell on Tuesday after the company reported first-quarter results, while most equities in the Gulf were sluggish as oil prices traded near five-week lows. Egypt followed emerging markets higher. SABIC posted a first-quarter net profit of 5.24 billion riyals ($1.40 billion), up 80 percent from the same period last …