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Etihad’s growth zooms in India

ABU DHABI / WAM Etihad Airways, the national airline of the United Arab Emirates, on Tuesday announced a 63 percent increase in full-year passenger traffic with partner Jet Airways to and from India, reinforcing the strength of the equity tie-up and the airline’s commitment to one of world’s largest travel markets. Together, the airlines carried a record 3.3 million passengers ...

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Food security echoes at agriculture meet

ALKESH SHARMA / EMIRATES BUSINESS Methods needed to increase the global food production by 70 percent to feed over 9 billion people by 2050; mechanisms best suited to profitably restore land globally; ways to tackle the current worldwide water crisis and steps to bring all economies on a common platform to ensure food security. Participants racked their brains as they ...

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ADIA acquires 36% stake in Peruvian power company

ABU DHABI / WAM Blue Bolt Limited, a wholly owned subsidiary of Abu Dhabi Investment Authority (ADIA) has acquired a 36% stake in Fenix Power Peru, a thermoelectric power generation company in Lima, as part of a consortium transaction valued at US$786 million. The Peruvian investment fund SIGMA holds 13% of Fenix. Fenix Power is a power generation company which ...

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