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Mitsubishi to win 20 plane order from Sweden’s Rockton

    Bloomberg Mitsubishi Aircraft Corp, the maker of Japan’s first passenger jet, has won an order for as many as 20 planes from Swedish leasing company Rockton, according to a person familiar with the deal. The order is the second for the Mitsubishi Regional Jet this year, following a deal from US lessor Aerolease Aviation LLC for as many ...

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Solar plane leaves Spain for penultimate leg of world tour

  AFP The Solar Impulse 2 left southern Spain on Monday on its way to Egypt for the penultimate leg of the solar-powered airplane’s landmark round-the-world journey. The experimental aircraft took off from Seville at 6:20 am (0420 GMT) for a flight that should last about 50 hours and will take it over the Mediterranean Sea. Swiss national Andre Borschberg ...

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Global economy all about money

  The Diplomat “It’s not about the money, money, money,” sang pop singer Jessie J in her 2011 hit, “Price Tag.” But for the growing working poor of the developed world, it has been all “about the money,” particularly since 2008, with a cash-less recovery of sluggish wages growth and rising inequality sparking political shocks such as “Brexit” and crimping ...

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The true Angkor Wat lies beneath what you see now

  Angkor Wat / DPA Be prepared to sweat. Exploring the world’s largest religious complex in the Cambodian jungle is not for those who can’t take the heat. The sheer size of the gigantic edifices of Angkor Wat and the distances between them means long treks, in 40-degree heat and humidity as if in a sauna. But then, what you ...

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The latest pin on Dubai’s culinary map

  Our Correspondent EMIRATES BUSINESS Located in the heart of the city, at the distinctive Al Murooj Rotana Hotel, Jodhpur, a nostalgic fine dining Indian restaurant was launched with a promise to bring back childhood memories for its visitors. With the food and beverage industry constantly growing in Dubai, and most Indian restaurants jumping on the contemporary cooking bandwagon, Jodhpur ...

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New innovative men skincare

  Our Correspondent EMIRATES BUSINESS Men usually just use soap and water to cleanse their face and don’t bother with creams or serums just to look good. However, they want to maintain clean, clear and young-looking skin without much hassle. With life in the fast lane, and a no-fuss lifestyle and mindset, QNET has designed two powerful skincare products that ...

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DFM best in Shariah-compliant listings

  Dubai / WAM Dubai Financial Market (DFM) has been recognised as the Best Stock Exchange for Shariah-Compliant Listings as part of Global Finance magazine’s ninth annual review of the World’s Best Islamic Financial Institutions. Winners will be honored during an award ceremony due to take place in Washington, October 2016 on the sidelines of the IMF/World Bank meetings. The ...

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China, India eye Asian Century as Brexit rattles old order

New Delhi / AFP Britain’s vote to leave the European Union and simmering discontent in other Western countries is seen as hastening the arrival of an “Asian Century”, analysts say, led by the rise of China and India. By 2050, Asia will account for over half the world’s GDP, almost double that of 2011, according to the Asian Development Bank, ...

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Mubadala to highlight Abu Dhabi’s ‘aerospace hub’ at global airshow

  Abu Dhabi / WAM Mubadala Development Company, the Abu Dhabi-based investment and development company, is set to showcase its growing aerospace capabilities at this year’s Farnborough International Airshow, one of the largest international aviation events. This year marks the 50th edition of the Airshow, which will be held from 11th to17th July in Farnborough, United Kingdom. Mubadala will be attending ...

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Dubai Holding, Dubai Cares deal to boost literacy in developing countries

  Dubai / Emirates Business Dubai Holding, the global investment holding company, on Sunday formalised a long-term strategic partnership with Dubai Cares, part of Mohammed bin Rashid Al Maktoum Global Initiatives, to improve children’s access to quality education in underprivileged communities around the world. This initiative is part of Dubai Holding’s commitment to achieve sustainable results while driving forward the ...

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