Bloomberg The next sales pitch for one of the world’s fastest-growing airlines may turn out to be: No runway? No problem! SpiceJet Ltd., an Indian budget carrier that’s seen its stock zoom 899 percent in three years, wants to open up the third-biggest aviation market even more. That means targeting the billion Indians who’ve never flown before, either because they ...

Abu Dhabi / WAM The net profits posted by 14 Emirati banks during the first nine months of 2017 grew by 2.8 percent to AED21.9 billion, from AED21.3 billion during the corresponding period last year. The positive performance of most of the national banks that announced their financial statements are attributed to improved global oil prices, which reflected favourably on ...

Abu Dhabi / WAM Driven by increased buoyancy in non-oil sector, Abu Dhabi’s gross domestic product (GDP) surged by 6.7% in Q2 2017, against the corresponding period last year, according to a Statistics Centre – Abu Dhabi (SCAD) report. The non-oil sector contributed 70.2 percent to the emirate’s GDP during Q2, while the oil-sector accounted for 29.8 percent only, said ...