Bloomberg Lebanon’s Middle East Airlines scrapped a decision to reject payments in the local currency, hours after the nation’s president warned against the move and questioned its legality. As backlash mounted, the airline 99% owned by the central bank, reversed the announcement to accept payments only in foreign currency, according to its spokeswoman. The company will hold meetings to discuss ...

Bloomberg Mitchell Modell, chairman and chief executive officer of Modell’s Sporting Goods, has a framed letter from his grandfather, Henry Modell, hanging on the wall of his New York City office. He said he likes to look it over, to remind him what’s at stake as he struggles to keep the 131-year-old family business afloat. “Keep and cherish the good ...

ABU DHABI / WAM Etihad Airways, the national airline of the United Arab Emirates, hosted an event for frequent flyers and key trade, government and media partners as part of its ongoing activities to celebrate 15-years of flying to India. The airline began operations in India in September 2004 and it has grown to become its second largest market after ...