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Etihad, Emirates in deal talks with African carrier

Bloomberg Two United Arab Emirates airlines have held talks with South African Airways about a partnership that it says is needed to revive its business, City Press reported, citing the UAE ambassador to South Africa. Talks between Emirates Airline and SAA, which have been going on for some months, are being facilitated by the UAE’s embassy in Pretoria, the Johannesburg-based ...

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RAK international visitors rise 14%

RAS AL KHAIMAH / WAM The Ras al-Khaimah Tourism Development Authority (RAKTDA) on Sunday announced a 14 percent increase in international visitors during the first six months of the year. These figures are larger than United Nations World Tourism Organisation (UNWTO) forecast of 4 percent tourism growth in the Middle East in H1 and demonstrates the ongoing strength of Ras ...

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UAB profit up 46% in H1

SHARJAH / WAM United Arab Bank (UAB) reported net profits for the first six months of 2018 at AED81 million, representing an uplift of 46 percent compared with the same period last year, primarily driven by growth in ‘core’ income and reduction in provision charges following a transition to a lower risk business model. Total income reached AED341 million, with ...

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