Bloomberg Air India Assets Holding Ltd, a special purpose vehicle that holds part of the state-owned carrier’s debt and assets, is planning its first rupee-denominated bond sale to refinance some debt of the airline. Air India Assets is aiming to raise 220 billion rupees ($3.2 billion) and has sought fee bids from bankers, people familiar with the matter said. Out ...

Bloomberg As airlines boost profits by packing more passengers into smaller spaces, lengthy international trips have become increasingly cramped and miserable. Delta Air Lines Inc hopes a refreshing drink and a nicer dinner setting will help make up for all that. Starting from November 5 in the coach class cabin of international trips of more than 6.5 hours, the Atlanta-based ...

Bloomberg J Sainsbury’s sales fell in the first quarter since its planned acquisition of Walmart’s Asda collapsed, underlining the need for a revamp of its UK supermarkets. Comparable retail sales excluding fuel dropped 1.6 percent, with general merchandise, clothing and groceries all declining, the retailer said. The shares rose as much as 2.4 percent in London after an early dip, ...

Bloomberg Procter & Gamble Co, facing an industrywide backlash against consumer waste, is seeking a patent that would help it develop recyclable versions of absorbent products including diapers, sanitary products and potentially even Swiffer pads. Because many absorbent products today use multiple kinds of plastic and other materials, they’re hard to separate during trash sorting and nearly always end up ...

Bloomberg Oil slid to its worst loss in two weeks as mounting fears about the global economy undercut the latest plan from Opec and its allies to stabilise markets. Futures dropped by as much as 4.3 percent in New York, the steepest intraday decline since June 12. Bank of England Governor Mark Carney warned of the dangers of rising protectionism ...

DUBAI / WAM Dubai ranked first in the Arab world and 11th globally in ‘Future Readiness’ in 2019, according to ‘Global Competitiv- eness of Talent’ report issued by Institute for Administrative Development in Switzerland in cooperation with the Dubai Competitiveness Office in the Department of Economic Development (DED). The report evaluated various cities worldwide around three main axes — investment ...

DUBAI / Emirates Business The total value of more than 26,000 construction projects exceeded AED9.25 trillion in June, according to the June 2019 Issue of the BNC Projects Journal: The Next Construction Circus — Setting the Stage for Growth, issued by BNC Network. Saudi Arabia leads the GCC region in the total value of construction projects worth $895.8 billion (AED3.29 ...

DUBAI / Emirates Business The average size of a home loan taken out in the UAE in May 2019 was AED1.31 million, marking a steady incr-ease compared to an average loan size of AED1.67 million in May 2018, according to data from Mortgage Finder. This is in line with the current market trend which has shown a downward shift in ...

Bloomberg Saudi Arabia is restarting preparations for a potential initial public offering of oil giant Aramco, months after putting the planned listing on hold, people familiar with the matter said. Aramco, the world’s most profitable company, held talks with a select group of investment banks to discuss potential roles on the offering, according to the people. Detailed work on the ...

DUBAi / Emirates Business Dubai Land Department (DLD) announced the launch of the Real Estate Investment Opportunities (REIOs) initiative during a press conference. The new initiative is a new way to attract investors from all economic sectors. Before the launch of the project, a feasibility study was conducted, and the most prominent international experiences and local and global practices were ...