Bloomberg South African Airways said executives will meet National Treasury officials every two weeks to address urgent funding needs after the embattled national airline reported a seventh consecutive year of losses — and the worst since 2015. The carrier’s precarious balance sheet is among the most urgent tasks on the to-do list of Finance Minister Nhlanhla Nene, who is already ...

Bloomberg JetBlue Airways Corp. is promoting Joanna Geraghty to president, tasking her with running day-to-day operations while freeing up Chief Executive Officer Robin Hayes to focus on long-term planning. Geraghty, 45, will also oversee the airline’s commercial team, JetBlue said in a statement. Hayes, 51, will manage efforts to improve profit margins and the company’s expansion into related travel and ...

Bloomberg At Zara’s new flagship store in London, shoppers can swipe garments along a floor-to-ceiling mirror to see a hologram-style image of what they’d look like as part of a full outfit. Robot arms get garments into shoppers’ hands at online-order collection points. iPad-wielding assistants also help customers in the store order their sizes online, so they can pick them ...

ABU DHABI / WAM The UAE gives proper attention to systems of measurements as part of its efforts to support science and technology and quality infrastructure, stated Abdullah Al Maeeni, Director-General of the Emirates Authority for Standardisation and Metrology (ESMA). Speaking ahead of World Metrology Day, Al Maeeni said the UAE joined the International Bureau of Weights and Measures (BIPM) ...

GENEVA / WAM The UAE participated in the 2nd edition of the AI for Good Global Summit, which was organised by ITU in Geneva, in partnership with other UN organisations. Addressing the three-day event, Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, spoke about the UAE’s role in leading the international drive for AI governance to serve ...

ABU DHABI / Emirates Business The tourism industry in the Middle East and North Africa (Mena) region is expected to reach $350bn by 2027, according to Mena Research Partners, a leading research company in the region. The UAE and Saudi Arabia are expected to grow at a CAGR of 5% over the next 10 years. Currently, the UAE and Saudi ...

Sharjah / Emirates Business Sharjah Investment and Development Authority (Shurooq) has signed a Memorandum of Understanding (MoU) with REI Holding Group and Haewon Medical Foundation Sejong General Hospital to establish the first Korean hospital in Sharjah. The signing ceremony took place in the South Korean capital Seoul, where HE Marwan bin Jassim Al Sarkal, as well as several representatives from ...

Belgrade / Emirates Business HE Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of Climate Change and Environment, led a high-level UAE delegation to Novi Sad, Serbia to participate in the 85th International Agricultural Fair. In his keynote address, HE Dr Al Zeyoudi said: “Due to extreme weather events linked to climate change, food diversity and food security are at ...

Abu Dhabi / Emirates Business startAD, the innovation and entrepreneurship platform anchored at New York University Abu Dhabi (NYUAD), announced NEURAi as the winning startup of the hardware Venture Launchpad, an immersive 10-day program which recently drew to a close. NEURAi, an artificial intelligence powered business analytics platform, received a grant of $10,000 through the Etihad Airways Innovation Kickstarter Award. ...

DUBAI / WAM The Roads and Transport Authority (RTA), signed a Memorandum of Understanding (MoU), with the Dubai Corporation for Ambulance Services enabling the issuance of approvals for ambulance vehicles operated by private health entities online. This move is a part of the RTA’s strategy to step up cooperation with all Dubai government departments and share information and knowledge in ...