Bloomberg South African Airways is making progress with its plan to reach profitability in the next three years, even it faces challenges such as a jump in fuel prices, Chief Executive Officer Vuyani Jarana said in an interview. Jarana said he expects losses until the company can break even or achieve profitability at the end of the 2021 financial year ...

Bloomberg The board of Norwegian Air Shuttle ASA has started looking for someone who might be able to replace Bjorn Kjos as chief executive officer when the 72-year-old steps down, according to a report in Nettavisen. Nettavisen said Kjos feels he has been running on “overtime” and that he hopes he won’t still be CEO three years from now. Potential ...

Abu Dhabi / WAM The UAE gross bank assets amounted to AED2.8 trillion by the end of August 2018, four percent up from AED2.694 trillion by the end of December 2017, according to Central Bank of UAE statistics released on Sunday. Gross credit increased to around AED1.633 trillion by the end of August, a growth of 3.3 percent from AED1.58 ...