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Saudi Arabia mulls sale of stake in Riyadh airport

Bloomberg Saudi Arabia is considering a plan to sell a stake in Riyadh airport, three people with knowledge of the matter said, as it embarks on a plan to raise billions of dollars through privatizations. Saudi Civil Aviation Holding Co. has asked local and international investment banks to pitch for the role of adviser on the sale of a significant ...

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Jewelry maker Pandora pushes back against US slowdown

Bloomberg Pandora A/S, which has lost a third of its market value this year amid slowing US sales, is now betting on reviving its biggest market by replacing under-performing stores and hoping new products will be a bigger hit with consumers. “We’re not just waiting for the good times to return to the US retail market — we see things ...

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DXB witnesses 6.85mn passenger traffic in May

DUBAI / Reuters Passenger traffic at Dubai International Airport (DXB), the world’s top airport for international passenger numbers, rose by 1.9 percent to 6.85 million in May from a year earlier, operator Dubai Airports said on Monday. About 36.97 million passengers used the airport from January to May, up 6.7 per cent from 34.6 million in the same period in ...

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