Bloomberg American Airlines Group raised the cost of checking a bag on a trans-Atlantic flight by 25% for customers buying its cheapest ticket as carriers worldwide struggle with the collapse of travel demand due to coronavirus. The fee to check a first bag rose to $75 from $60 for passengers who purchase a Basic Economy ticket after April 21, American ...

Abu Dhabi / WAM Obaid bin Humaid Al Tayer, Minister of State for Financial Affairs, chaired 111th meeting of the GCC Financial and Economic Cooperation Committee, which took place virtually to discuss recommendations and findings from the 57th meeting of the GCC Under-Secretaries of Ministries of Finance Committee, and ways to take the necessary steps. Younis Haji Al Khoori, Under-Secretary ...

Bloomberg An investment firm backed by a member of Abu Dhabi’s royal family agreed to buy a stake worth just over $1 billion in LuLu Group International, which runs one of the Middle East’s largest hypermarket chains, according to people familiar with the matter. The company led by His Highness Sheikh Tahnoon bin Zayed Al Nahyan acquired an almost 20% ...