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Bloomberg British Airways parent IAG SA said cash flows turned positive in the third quarter and that North Atlantic demand has begun to surge as the US prepares to reopen its border to vaccinated Europeans next week. Long-haul bookings are now recovering faster than short-haul sales, with the premium leisure segment performing particularly strongly at BA and Spanish arm Iberia, …

Bloomberg Wizz Air Holdings Plc said it will cut fares at the expense of profitability in a bid to pack planes and grab market share as European travel demand rebounds. The low-cost carrier posted a second-quarter profit but forecast a 200 million-euro ($232 million) operating loss for the current three months that “may carry over” into early 2022. Wizz, already …

Bloomberg Boeing Co directors agreed to a $237.5 million settlement of claims they turned a blind eye to safety issues related to 737 Max jetliners whose crashes have cost the company more than $20 billion, according to court documents. The settlement, which is being paid by insurers covering Boeing’s directors and executives, will be handed over to the company rather …

GULF TIME Vapiano is set to introduce breakfast for the first time in its history across its UAE outlets, marking an exciting new chapter for the international dining brand. The new Vapiano Breakfast Menu has been created to bring a fresh, social, and relaxed international lifestyle experience to the morning dining scene, offering guests a new way to begin their …

NEW WEST ZONE SUPERMARKET LLC, the registered and exclusive owner of the trademark “WEST ZONE” in the United Arab Emirates, hereby declares that  the company has no procurement or marketing branch operating in any of the Emirates in the UAE except “ Dubai”. The public, customers, and suppliers are hereby cautioned not to deal with any entity claiming to represent or belong …

ABU DHABI/WAM The Securities and Commodities Authority (SCA) is calling on investors to collect their dividends through First Abu Dhabi Bank (FAB), the paying agent appointed to handle the process. This comes as a part of its ongoing efforts to protect the rights of shareholders in companies listed on the UAE stock exchanges and ensure they claim any outstanding entitlements …

DUBAI/WAM Capital.com, the high-growth global trading platform and fintech group, has announced it is now offering its customers access to the principal UAE stock markets – becoming one of the first major trading platforms to do so. In a move that reflects the growing interest in the region’s economy, Capital.com is providing full coverage of the Abu Dhabi Securities Exchange …

ABU DHABI / WAM The Abu Dhabi Securities Exchange (ADX), the second-largest exchange in the Middle East, on Tuesday welcomed the successful listing of Alpha Data, a leading digital transformation provider and systems integrator in the UAE. This marks the UAE’s first IPO and the exchange’s second offering in 2025, reinforcing the exchange’s commitment to broadening the market and offering …