Bloomberg Cathay Pacific Airways Ltd intends to deploy Airbus SE A321neo planes scheduled for delivery starting 2020 on Chinese routes, part of a plan that will help the carrier manage costs while expanding and upgrading its network. Through the use of data technology and more fuel-efficient aircraft, Cathay has managed to increase its revenue per seat mile by about 7 ...

Bloomberg L’Oreal SA got more revenue from Asia than from western Europe for the first time last quarter as the region’s surging demand for luxury products continued to resist the drag of a slower Chinese economy. The shift for the maker of products like Maybelline mascara and Acqua di Gio Armani cologne is the latest example of how French companies ...

Bloomberg Fawaz Alhokair Group, the Saudi retailer that owns the franchise for brands like Banana Republic and Zara, may raise as much as $1 billion from the share sale of its malls unit in what would be the kingdom’s biggest initial public offering in five years. Arabian Centres Co. said Tuesday that it will sell 65 million existing shares and ...

Abu Dhabi / Emirates Business Citi announces the opening of its new offices at the Abu Dhabi Global Market (ADGM), Abu Dhabi’s international financial centre. HE Ahmed Ali Al Sayegh, ADGM Chairman, attended the inauguration ceremony, joining Citi executives David Livingstone, CEO for Europe, Middle East and Africa; Atiq Rehman, CEO for Middle East and Africa; and Elissar Farah Antonios, ...

Dubai / Emirates Business Air conditioning and commercial refrigeration major, Blue Star Limited’s wholly owned subsidiary in Dubai, Blue Star International FZCO, through its subsidiary Blue Star Systems and Solutions LLC, announced the inauguration of its new office and its first state-of-the-art flagship showroom in Dubai. Blue Star International FZCO, headquartered in Dubai, manages the international business operations of Blue ...

DUBAI / WAM Emirates Airline and Ghana’s Africa World Airlines (AWA), have announced a one-way interline agreement whereby Emirates customers can connect onto selected routes of Africa World Airlines’ network, opening up new African destinations for Emirates customers from May 2019. “The agreement between Emirates and Africa World Airlines underpins our commitment to provide greater connectivity across West Africa. This ...

Dubai / WAM Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of Emirates NBD, rang the market-opening bell on Tuesday at Nasdaq Dubai to celebrate the listing of $1 billion conventional bond. The capital raised by the issue supports Emirates NBD’s regional and international business across diverse services including retail, wholesale and investment banking, private banking, asset management, global ...

ABU DHABI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, discussed ways of reinforcing the economic and commercial ties between the UAE and the Czech Republic, as well as partnership opportunities and the exchange of expertise between their public and private sectors, to serve their economic goals. The discussion took place during a meeting between Al Mansouri and ...

DUBAI / WAM Over 600 professionals and executives from across 25 countries across the globe will take part in the 9th edition of FAHR International Conference, kicking-off on Wednesday in Dubai. Themed ‘Fourth Industrial Revolution Human Capital Challenges’, the conference is a unique annual gathering, bringing together leading HR experts from the public and private sector as well as, regional ...

Abu Dhabi / WAM His Highness Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi Executive Council, opened on Tuesday, Cityscape Abu Dhabi, the emirate’s leading property investment and development event, at Abu Dhabi National Exhibition Centre. The three-day property event is being staged under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince ...