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US’s FAA bars any new flights to or from Malaysia

Bloomberg Malaysia’s aviation-safety downgrade makes Asia the region with the most markets where airlines are restricted from US airspace. The US Federal Aviation Administration (FAA) cut Malaysia to a Category 2 nation, banning the country’s carriers from setting up new flights to anywhere between New York and San Francisco. It cited deficiencies by the nation’s civil-aviation authority in areas ranging ...

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Oil majors take stakes in Abu Dhabi oil exchange

ABU DHABI / WAM Intercontinental Exchange, Inc., a leading operator of global exchanges and clearing houses and provider of data and listings services, announced on Monday that Abu Dhabi National Oil Company (Adnoc), and nine of the world’s largest energy traders are partnering with ICE on the launch of ICE Futures Abu Dhabi, a new exchange in Abu Dhabi Global ...

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Masdar acquires stake in India’s green energy firm

ABU DHABI / WAM Abu Dhabi Future Energy Company (Masdar), a global leader in renewable energy projects, sustainable real estate, sustainable mobility and waste to energy, announced its investment in financing ‘Hero Future Energies’ — a clean-tech company. This is the second investment in the Hero Future Energies (HFE), portfolio, following initial $125 million made by International Finance Corporation (IFC), ...

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