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Zayed exhibition opens at DM’s Al Kifaf Centre

Dubai / WAM Hussain Nasser Lootah, Director-General of Dubai Municipality, (DM) opened a photo exhibition on Monday about the late Sheikh Zayed bin Sultan Al Nahyan, the founder of the UAE, at the Municipality’s Al Kifaf Centre near Al Jafiliya Metro Station. The exhibition is part of Dubai Municipality’s plan to launch several initiatives in support of the Year of Zayed ...

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GE engine venture may oust Rolls from Emirates A380 deal

Emirates orders 20 airbus a380 passenger planes, with an option for additional 16

Bloomberg General Electric Co.’s A380 engine venture with Pratt & Whitney may be poised to muscle back in on the double-decker jet following Airbus SE’s deal to sell 36 superjumbos to Gulf carrier Emirates. While Rolls-Royce Holdings Plc is supplying Trent 900 turbines for the last 50 A380s ordered by Emirates, the Dubai airline is leaning towards a rival powerplant ...

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Richemont to buy online luxury retailer for $3.3bn

2nd lead ynap logo copy

Bloomberg Richemont agreed to take full control of online luxury retailer Yoox Net-a-Porter SpA for about 2.7 billion euros ($3.3 billion), reflecting ecommerce’s inroads into the world of $5,000 Cartier necklaces and $50,000 Vacheron Constantin watches. Investors would receive 38 euros a share, the Geneva-based luxury-goods company said in a statement. Richemont already owns 50 percent of YNAP. The bid ...

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