Bloomberg Walmart Inc’s Asda reported its eighth consecutive quarter of growth after the US retail giant said that it was “seriously” considering an initial public offering for the UK grocer in the future. Asda delivered 0.5 percent like-for-like sales growth excluding petrol for the first quarter of 2019. Figures were adjusted to account for the later Easter date compared to ...

Bloomberg Low-cost airlines, the pioneers of brief discomfort at bargain prices, have struggled to master long-haul flights. Now one of the world’s most successful budget carriers is considering cut-price business class seats as a way into the Europe-Asia market. India’s IndiGo is mapping out an ambitious long-distance network. The airline aims to start one-stop trips further into Europe within six ...

Dubai / WAM Majid Al Futtaim on Wednesday rang the market-opening bell at Nasdaq Dubai to mark the listing of the world’s first benchmark corporate green sukuk and the first green sukuk issued by a corporate in the region. Valued at $600 million and with a tenor of 10 years, green sukuk will be used to finance and refinance firm’s ...

Bloomberg Russia will join the Opec+ talks on Sunday having barely fulfilled its pledged production cuts, but keen to secure a share of any potential output increase. In recent months, Russia has indicated it would welcome a return to production growth, said analysts from Fitch Ratings Inc. and IHS Markit Inc. That’s back on the agenda after pledges by Saudi ...

DUBAI / WAM Emirates Central Cooling Systems Corporation (Empower) signed gold sponsorship agre-ement for two years with The American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE), Region-At-Large (RAL) for its activities being held in Africa, the Middle East, South Asia (India, Pakistan, Bangladesh and Sri Lanka), and Turkey. “Empower seeks to reduce emissions by encouraging investors and owners of ...

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, received a written message from the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud of Saudi Arabia, inviting him to attend the 14th summit of the Organisation of Islamic Cooperation (OIC), to be held in Makkah, Saudi Arabia. HH Sheikh Mohamed bin Zayed ...

ABU DHABI / WAM The Republic of Tunisia, Al-Azhar Al Sharif, the Secretary-General of the League of Arab States, and the International Federation of Red Cross and Red Crescent Societies have condemned the drone attack against two oil pumping stations in the Kingdom of Saudi Arabia. They said in statements that such acts of terrorism, which seek to undermine the ...

DUBAI / WAM Emirates Central Cooling Systems Corporation, Empower, signed a gold sponsorship agreement for two years with The American Society of Heating, Refrigerating and Air-Conditioning Engineers, ASHRAE, Region-At-Large, RAL, for its activities being held in Africa, the Middle East, South Asia (India, Pakistan, Bangladesh and Sri Lanka), and Turkey. Through this sponsorship, Empower pursues to shed light on ASHRAE’s ...

ABU DHABI / WAM The 14th edition of the Sheikh Zayed Book Award (SZBA), has begun accepting nominations for 2019-2020. The process, which is open until October 1, will culminate with the award’s presentation ceremony at Louvre Abu Dhabi, to be held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and ...

FUJAIRAH / WAM National Bank of Fujairah (NBF) announced that it took part in the Arab Financial Inclusion Day, an initiative adopted by Arab Monetary Fund (AMF), and the Council of Governors of Arab Central Banks to improve financial inclusion in the region. The bank’s participation was exhibited through the launch of its ‘Learn & Save” initiative, which focused on ...