Emirates Business Musafir.com, the UAE’s first Online Travel Agency (OTA), on Tuesday announced the appointment of Rajesh Pareek as its new Group CEO, as the company gears up for its first major round of business financing. Rajesh joins the company from Dubai International Financial Centre (DIFC), where he hadserved as Chief Financial Officer from January 2011 to December 2016. …

  Bloomberg Deutsche Lufthansa AG and British Airways parent IAG SA closed in on Air France-KLM Group at the top of Europe’s airline rankings in 2016 as passenger traffic at the Paris-based carrier was dented by pilot strikes and sluggish demand amid a spate of terrorist attacks. Lufthansa’s traffic, or the number of customers carried multiplied by the distance flown, …

  Bloomberg In Chicago, not far from Lake Michigan, the driver of a Caterpillar Inc. bulldozer looked left, right and forward to maneuver the 230,000-pound (104-metric-ton) machine through a desert obstacle course of sand mounds and old tires. But for all his effort, he didn’t go anywhere. Instead, as he sat inside a stationary box lined with video screens at …