Private-equity investors aren’t like you or me. Should there be any doubt, take a look at footwear retailer Belle International Holdings Ltd., which despite a 21 percent share price gain this year has the dubious distinction of being the worst-performing stock on the Hang Seng Index since it joined the benchmark in 2010. Bad Footing Since it joined Hong …
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Amazon.com Inc. doesn’t need any help, but here is some unsolicited advice anyway. The company needs and wants to expand its Prime membership outside the US, and the craftiest tactic to build its shopping club is to throw in free home internet or mobile phone service in Europe. Sound wacky? Stick with us. Prime is essential to Jeff Bezos’s …
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Bloomberg Deutsche Lufthansa AG said starting a domestic airline in India, the world’s fastest growing aviation market, will be a “misadventure†because of high jet fuel taxes and the cost of operations. Lufthansa’s comments come weeks after Qatar Airways Ltd said it plans to start an airline in India with as many as 100 planes, as the Gulf carrier …
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DALLAS / AP United Airlines’ profit plunged 69 percent in the first three months of the year, and that was before the terrible publicity surrounding the dragging of a bloodied passenger off a plane. The cost of fuel, labor and maintenance all rose sharply in the first quarter, helping push United’s profit down to $96 million, despite higher revenue. …
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Dubai / Emirates Business Etihad Aviation Group (EAG) deployed pilots and engineers at Think Science 2017 to promote aviation careers as part of national efforts to engage youth in science and technology. The event from April, 18-20 at Dubai World Trade Centre (DWTC) is organised by Emirates Foundation and is one of the largest science fairs in the region. …
Read More »Bloomberg A Southwest Airlines Co. pilot was arrested after a loaded handgun was found in his carry-on bag while going through a security checkpoint at an upstate New York airport, federal officials said. The first officer’s name wasn’t released in a statement issued Monday by the Transportation Security Administration. He was arrested on a weapons charge after an X-ray …
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ABU DHABI / WAM Abu Dhabi with the Abu Dhabi Global Market (ADGM) has been ranked as the top FinTech Hub for the MENA region in the latest Global FinTech Hubs Review, ‘A Tale of 44 Cities’, by Deloitte in partnership with the Global FinTech Hubs Federation. This special FinTech Hubs review was released at the 2017 Innovate Finance …
Read More »ABU DHABI / WAM The Abu Dhabi Urban Planning Council (UPC), is planning to showcase a range of important development projects in Abu Dhabi, unveil latest development plan of Zayed City in Abu Dhabi and media identity of the project, during first day of CityScape Abu Dhabi 2017. The event will start on Tuesday at ADNEC. Visitors to UPC …
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ABU DHABI / WAM Aldar Properties, Abu Dhabi’s leading listed property development, investment and management company, has announced the launch of ‘The Bridges’, a 1,272 unit, AED1.3 billion, mid-market residential development. Capitalising on the demand for this type of product, Aldar will release one of the towers for sale at Cityscape Abu Dhabi. Property prices will start from AED450,000, …
Read More »Bloomberg Saudi Arabia will develop 30 solar and wind projects over the next 10 years as part of the kingdom’s $50 billion program to boost power generation and cut its oil consumption. The world’s biggest exporter of crude oil will produce 10 percent of its power from renewables by 2023, Energy Minister Khalid Al-Falih said at a conference. It …
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