Mumbai / Bloomberg SpiceJet Ltd. is considering hedging jet fuel for the first time since 2009-10 as the Indian budget carrier expects crude oil prices to rise further, people with direct knowledge of the plans said. Oil has surged more than 70 percent from a 12-year low reached in January on signs the global surplus will ease as US ...

  Sriharikota / Bloomberg India successfully launched a scale model of a reusable spacecraft on Monday, a project that in time could pit the nation against billionaires Jeff Bezos and Elon Musk in the race to make access to space cheaper and easier. The winged vessel — one-fifth of full size — blasted off on a rocket from Sriharikota base ...

  Bloomberg Think of it as Mother Nature’s roller-coaster ride: the shift between the weather patterns known as El Nino and La Nina that, at their worst, can cause havoc worldwide. El Nino — spurred on by a warming of the equatorial Pacific — has dried up rice crops across Southeast Asia, cocoa fields in Ghana, coffee in Indonesia and ...

  Bloomberg Frustrated by the difficulty of finding dates while living in London, Dutchman David Vermeulen started InnerCircle, a matchmaking website focused on highly educated singles. Yet rather than set up in Europe’s biggest city, he moved to Amsterdam, home to about 800,000 people and a much smaller pool of potential customers. The city, he says, offered an inexpensive place ...

  Our Correspondent/ Emirates Business NEFT Management is a one-stop event management company dedicated to serve the oil and gas, metals and banking industry by facilitating effective knowledge transfer and build relationships between industry professionals and other stakeholders. As an event company, the aim is to serve as a one-stop shop for all industries’ stakeholders and engage them through technical ...

  Our Correspondent / EMIRATES BUSINESS The Trade, Tourism and Investment Office of Peru in the UAE, is the economic and commercial office of Peru’s Ministry of Foreign Trade and Tourism. It contributes to the sustainable economic growth of Peru by identifying business opportunities, promoting exports and tourism, internationalising companies and attracting foreign investments. Led by Alvaro Silva-Santisteban, the office ...

  London / AFP With one month to go until Britain’s EU referendum, the Remain campaign is pulling ahead amid warnings over the international consequences of a Brexit and increasingly outlandish claims at home. The battle for votes ahead of the June 23 referendum has drawn in US President Barack Obama, EU leaders and the IMF, prompted comparisons between the ...

  ABU DHABI / WAM The Mohammad Bin Zayed Species Conservation Fund (MBZ Fund) announced the launch of US$5.8 million grant to save the endangered dugong and its seagrass ecosystems in the Indian and the Pacific Oceans. The programme will implement 38 projects in Indonesia, East Timor, The Solomon Islands, Sri Lanka, Malaysia, Madagascar, Mozambique, and Vanuatu. As part of ...

DUBAI / WAM The Dubai Chamber of Commerce and Industry has announced the establishment of the Kuwait Business Council in Dubai to boost economic cooperation and enhancement of trade and commerce between the business communities of Dubai and Kuwait. Taking the total to 47 business councils operating under the umbrella of Dubai Chamber, and 2nd in the GCC after the ...

  Ajman / Emirates Business The Ajman Tourism Development Department (ATDD) wrapped up a successful road show in Europe held from May 16-20, returning with encouraging feedback from the European tourism and travel market. More than 500 representatives from leading travel and tourism companies attended the UAE Destination presentations held in the cities of Prague in Czech Republic, followed by ...