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GI Aviation lands first Pilatus in Dubai

  Dubai / Emirates Business GI Aviation, the newest name to enter the private air charter market in the UAE, is now open for bookings following the award of its GCAA Air Operator’s Certificate in December 2016. Several demo flights from its Al Bateen Executive Airport, Abu Dhabi home have been performed and recently, the privately-owned company showcased its first ...

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Rio hastens coal retreat with $2.45 billion sale of mines

  Bloomberg Rio Tinto Group agreed to sell its thermal coal assets in Australia’s Hunter Valley for as much as $2.45 billion as the world’s second-biggest mining company accelerates its move away from the fuel. Rio will sell its Coal & Allied Industries Ltd. subsidiary to Yancoal Australia Ltd., controlled by China’s Yanzhou Coal Mining Co., it said in a ...

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India’s steel demand revival hinges on roads-to-rail spending

  Bloomberg A revival in India’s steel consumption from the weakest estimated growth in at least four years hinges on the government boosting spending on infrastructure, housing and road projects to absorb record output. Finance Minister Arun Jaitley will announce February 1 higher outlays for national highways, rural roads, railways and low-cost housing, Goldman Sachs Group Inc. predicted in a ...

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