Bloomberg South Korea’s police raided the head office of Korean Air Lines Co. in Seoul to probe alleged misuse of company funds, the first crackdown on a major local conglomerate after President Moon Jae-in came to power in May. Police are investigating allegations that Chairman Cho Yang-ho, the head of Hanjin Group that controls Korean Air, had interior work done ...

Bloomberg A Deutsche Lufthansa AG pilot who was grounded when he turned 65 lost his age-discrimination fight at the European Union’s top court, which said EU legislation imposing the limit is justified for safety reasons. “It is undeniable that the physical capabilities essential to the profession of an airline pilot diminish with age,” the EU Court of Justice said in ...

Bloomberg Airbus SE Chief Executive Officer Tom Enders will take control of sales and marketing for the company’s planemaking division in a move that dilutes the role of chief operating officer and commercial-aircraft president Fabrice Bregier. The change comes after Airbus implemented a shift to a single corporate structure that folds the civil arm more closely into the group. That ...

Dubai / WAM Dubai’s non-oil foreign trade grew 2.7 percent to reach AED327 billion in the first quarter of 2017, compared with the AED318 billion in the same quarter of 2016, according to the data published by Dubai Customs. H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, praised ...

Abu Dhabi / Emirates Business Under the patronage of HH Sheikh Hamdan bin Zayed Al Nahyan, the Ruler’s Representative in ‘Al Dhafra Region’, HE Staff Major General Pilot Faris Khalaf Khalfan Al Mazrouei, Chief of the General Authority for the Security of Ports, Borders and Free Zones, and Board Member of Abu Dhabi Ports, officially inaugurated Delma Port on Saturday. ...

Dubai / wam Emirates Central Cooling Systems Corporation (Empower), announced a partnership with Trane Commercial for the purchase of new chillers in what is considered the biggest deal in the district cooling industry worldwide. The agreement was signed at the end of the IDEA Annual Conference & Tradeshow 2017 held in Arizona, USA. Accordingly, Trane Commercial will supply Empower with ...

ABU DHABI / WAM A senior delegation led by Dr Saif Al Seiari, Acting Director-General, Abu Dhabi Water and Electricity Authority (ADWEA) has visited the Barakah Nuclear Energy Plant, to witness the progress of UAE’s peaceful nuclear energy programme. The delegation was hosted by Emirates Nuclear Energy Corporation’s (ENEC) Chief Executive Officer, Mohamed Al Hammadi, and executive management. The visitors ...

ABU DHABI / WAM The Abu Dhabi General Services Company, Musanada, revealed that two packages of the Mafraq-Ghuwaifat Highway project have been completed in an important milestone towards final completion in line with the highest standards. This is expected to remove temporary detours and help in opening of the two packages for operation during July 2017. It is part of ...

Dubai / WAM Dubai Land Department (DLD) announced launch of an awareness campaign for its ‘Dubai Brokers’ application, the first of its kind in the world. ‘Dubai Brokers’ is the most important application issued by DLD for providing accurate and up-to-date information on licensed Dubai real estate brokers and real estate companies that have been approved by the department. Yousef ...

Sharjah / WAM ADNOC Distribution, the sole distributor of petroleum products in the Emirate of Sharjah through its comprehensive service station network, has announced the further consolidation of its presence in the Emirate with the opening of Al Meedan Service Station. Located on Al Zahra Street adjacent to Government House Square in Sharjah, the new facility is part of the ...