Paris / REUTERS A growing backlog of undelivered Airbus passenger jets, stranded outside their factories due to supplier problems, is putting pressure on the planemaker’s cash generation for the start of the year, industry sources and analysts said. After a slow first quarter in deliveries, parking space at Toulouse airport in France, and at Hamburg in Germany, is increasingly ...

  Paris / AFP Airbus said that Indonesian carrier Garuda had signed a firm purchase order for 14 of its new generation wide-bodied A330-900neo airliner for $4 billion. The deal, sealed in London for the re-engined version of Airbus’ popular A330 airliner, is designed to bolster Garuda’s expansion. Airbus said the order, for delivery from 2019, replaces and extends an ...

  Priboj / AFP Deep in a western Serbian valley, the town of Priboj despairs at the decline of a truck factory that was once its lifeblood — and is now symbolic of the country’s failing state-owned companies. A thriving manufacturer employing thousands under communist Yugoslavia, Fabrika automobila Priboj (FAP) is today one of Serbia’s loss-making enterprises whose future hangs in ...

  Tan-Tan / DPA Abdallah has been sitting drinking tea since dawn; the wind blows unrelentingly against his Bedouin tent, a protective layer between him and the vast, inhospitable Sahara Desert. He and his camel caravan have travelled from the Atlas Mountains to do business in Tan-Tan, a desert city in southern Morocco. By selling a small camel, he can make ...

  Our Correspondent / Emirates Business After the darkness comes Dawn. Its striking silhouette transformed at a touch, its inviting interior opened to the elements — to friends, to the unexpected, to endless possibilities. Dawn lives in the moment deems the producer of the luxury vehicle. Abu Dhabi Motors, the sole authorised dealer of Rolls-Royce Motor Cars in Abu Dhabi ...

  Our Correspondent / EMIRATES BUSINESS Specsaddict.com is a UAE-based online platform that provides consumers with 5,000 designer and homegrown eyewear pieces, such as sunglasses, contact lenses and eyeglasses, at reduced prices. Since launching in 2016, the site has gone on to introduce a raft of technology solutions to enhance the online shopping experience for residents in the UAE, including ...

  ABU DHABI / WAM The UAE non-oil total foreign trade volume of 2015 reached approximately AED 1.56 trillion, with the direct trade data, representing 68% of the UAE total trade volume with the value of AED 1.06 trillion and the Free Zone Trade data, representing 32% of the UAE total trade volume with the value of AED 497 billion. ...

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan received an invitation from HRH Prince Khalid Al-Faisal, Chairman of the Arab Thought Foundation (ATF), to extend his kind patronage of and presence at the annual FIKR conference (FIKR 15) which will be held in Abu Dhabi next November under the theme Arab Integration: GCC; UAE: A ...

  DUBAI / WAM HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Expo 2020 Dubai Higher Committee, Chairman of Dubai Civil Aviation Authority and Chairman of Emirates Group met with Maya Tissafi, Ambassador of Switzerland to the UAE, where Switzerland confirmed officially its intent to participate in Expo 2020 Dubai. Sheikh Ahmed said, “Expo 2020 Dubai will be ...

  GENEVA / WAM Obaid Salem Saeed Al Za’abi, UAE Permanent Representative to the United Nations Office in Geneva, delivered the ratification instrument of the United Arab Emirates on the Trade Facilitation Agreement (TFA) to Roberto Azevedo, Director-General of the World Trade Organisation(WTO). The Director-General of the WTO expressed his thanks and gratitude to the UAE for being the first ...