Bloomberg Spurred by technology advances and demand for transportation alternatives in increasingly congested cities, entrepreneurs around the globe are vying to become the first to develop a commercially viable “flying car.” The designs vary greatly, and most aren’t actually cars capable of driving on roads. Here are some examples: VAHANA European aircraft manufacturer Airbus is working at its Silicon …

  Bloomberg Microsoft Corp. and other major technology companies and banks are forming an alliance to advance the adoption of Ethereum blockchain database technology in corporations, potentially offering better security for recording transactions, according to two people familiar with the plans. The companies have been working on the Enterprise Ethereum Alliance for months, according to one of the people, and …

  Dubai / WAM The role of governments is to create an enabling environment where people can flourish and achieve their dreams, stated Ohood bint Khalfan Al Roumi, UAE Minister of State for Happiness. Laying the groundwork for a free exchange of ideas among experts from around the world, the Minister invited delegates to assemble at different tables to discuss the …

  ABU DHABI / WAM The Executive Committee at the Abu Dhabi Executive Council, headed by Saeed Eid Al Ghafli, visited the site of the Louvre Abu Dhabi project. The delegation was greeted by Mohamed Khalifa Al Mubarak, Chairman of Abu Dhabi Tourism and Culture Authority, and Sufian Hasan Al Marzooqi, CEO of the Tourism Development and Investment Company (TDIC). …

  Bloomberg After pioneering online flash sales in China to reach the top of the smartphone market, Xiaomi Corp. is turning to old-fashioned retail to arrest its slide. The phonemaker will roll out a chain of about 1,000 brick-and-mortar stores under the Mi Home banner over the next three years, as co-founder Lei Jun mimics a strategy that’s helped the …

  Reuters Kenya Airways is considering offering higher wages to entice back dozens of engineers who quit the loss-making carrier to join Gulf-based airlines in the past year, its chairman said. The airline, part-owned by the state and part-owned by AirFrance KLM, sank into the red four years ago after tourism slumped following a spate of attacks in Kenya by …

  Bloomberg The decision by American Airlines Group Inc.’s chief executive officer to skip an industry meeting with President Donald Trump is drawing criticism from the carrier’s pilots union. CEO Doug Parker’s failure to attend has “shaken our confidence” in his judgment, Dan Carey, president of the Allied Pilots Association, said in a statement Friday. “For our airline’s CEO to …

  Bloomberg For at least a decade, Ryanair Holdings Plc CEO Michael O’Leary dreamed about coming to America, bringing the Irish carrier’s insanely low fares to the other side of the pond. Expand west to the largest aviation market. Price the cheapest seats at $10. Offer business class up front for those willing to pay. A leader among ultra low-cost …

  Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, attended the prestigious The UAE President Endurance Cup, held at the Emirates International E ndurance Village, Al Wathba, Abu Dhabi. Present at the 160-km ride was HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai Crown …

  Abu Dhabi / WAM The inaugural Mohamed bin Zayed Majlis for Future Generations will be held March 7-8 under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. The two-day event will see Emirati university students from all over the country take part in …