ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has increased by 1.30% to close at 4482.71 points. Accordingly the Market Capitalization has gained AED 9.31 billion attaining AED 727.15 billion. A total of 0.54 Billion Shares were traded with a total value of AED 0.74 billion during the trading session of 2016-03-30 through 6705 transactions. The number of companies which ...

SYDNEY / Reuters Air New Zealand (NZ) Ltd, the biggest shareholder of Virgin Australia Holdings Ltd, has on Wednesday announced that it may sell its 26 percent stake in a sign that backers of Australia’s number two carrier are growing impatient with its slow profit turnaround. The move, nine days after Air New Zealand publicly supported Virgin’s request for a ...

Bloomberg Kenya’s government shelved plans to build a new terminal at the main international airport as the East African nation’s tourism industry struggles to recover from attacks by Islamist militants. The decision to halt the project at Jomo Kenyatta International Airport (JKIA) is the result of “prevailing economic and financial dynamics which have been on a downward trend over the ...