Bloomberg Carrefour SA’s growing sales of organic food helped the French retailer make up for continued weakness in its non-grocery business in the first quarter. Comparable sales rose 2.7 percent to $22.4 billion, the company said, a result that met analysts’ estimates. Growing sales of organic food are boosting Chief Executive Officer Alexandre Bompard’s effort to revamp the company’s sprawling ...

Bloomberg Southwest Airlines Co built its low-cost model on the efficiencies of flying a single plane, the Boeing Co 737. Now the carrier’s chief executive officer is cracking open the door to the idea that nothing lasts forever. In the aftermath of the second deadly crash of the new Max model and a global grounding of the plane, Southwest CEO ...

Bloomberg US aviation and congressional officials are investigating allegations by about a dozen whistleblowers that there are safety issues with Boeing Co’s 737 Max aircraft, the Wall Street Journal reported, citing unidentified government employees familiar with the matter. Some of the claims relate to the design of a suspect flight-control feature or operation of specific sensors that are key to ...

GENEVA / WAM Qatar has decided to withdraw its measures against the UAE in a significant concession aimed at averting the consequences of the UAE’s case in WTO against an illegal Qatari ban on UAE goods and services. During a session of the Dispute Settlement Body (DSB) of the WTO, on Saturday, to examine the UAE’s request to set up ...

Bloomberg Oil is on its longest bull run in 13 years. Hedge funds have increased bullish sentiment on US crude prices for the last nine weeks, the longest such run since 2006, according to data. Almost 14 times as many bets have been placed on prices going up as on a decline, as investors see supply threats multiplying around the ...

London / WAM The volume of foreign trade in non-oil goods between the UAE and the UK was estimated at approximately 9 billion pounds (AED 42.69 billion) in 2018, recording a growth rate of 10 percent over the previous year, according to a senior UAE official. Mohammed Bin Abdul Aziz Al Shehhi, Undersecretary of Economic Affairs in the Ministry of ...

Emirates Business Arab Bank Group announced its results for first quarter of 2019 reporting 5.2% growth in net profit after tax of $231.8 million as compared to $220.3 million in 2018, with net income before tax increasing by 9.1% to reach $312.8 million. Group equity stood at $ 8.5 billion, while loans increased to $25.8 billion and deposits to $33.7 ...

Dubai / Emirates Business After gaining a comfortable foothold in the French market High fashion label Sakina Paris has projected her sales to grow by 30 percent every year. It can be seen that a large part of the multibillion dollar Middle East fashion market is dominated by the international brands mostly from the countries like USA, UK, France and ...

Dubai / Emirates Business India Gate, a KRBL Group flagship brand, a benchmark in quality food standards and world’s largest miller of rice joined forces with a Dubai based integrated communications agency, The Classic Partnership, a division of VMLY&R Group to launch the #IndiaDegaAashirvad, an initiative that aims to feed millions of less fortunate people. In most Indian weddings, rice ...

SHARJAH / WAM The Ministry of State for Federal National Council Affairs (MFNCA), organised a lecture titled “The Culture of Political Participation and the Federal National Council” in collaboration with the Districts and Villages Affairs Department in Sharjah. The Mughaider Council in Sharjah hosted the lecture which was attended by Abdulrahman bin Kamel Al Shamsi, Chairman of the council, along ...