Bloomberg American Airlines Group Inc has become the second major US carrier to pull the grounded Boeing Co 737 Max from its flight schedule through the busy summer travel season, saying the decision will give passengers more certainty in making vacation plans. The airline is pulling the Max through August 19, Chief Executive Officer Doug Parker and President Robert Isom ...

Bloomberg Mall owners have sung the praises of “experiential retail,” touting it as the saviour of a sector battered by store closures and the shift to online shopping. It turns out the buzz may be a bit overblown. A study by location-data firm Thasos Group shows that malls with a Tesla showroom, Apple store, Eataly or Starbucks Roastery don’t have ...

Bloomberg Before last month’s crash of a flight that began in Ethiopia, Boeing Co said in a legal document that large, upgraded 737s “cannot be used at what are referred to as ‘high/hot’ airports.” At an elevation of 7,657 feet — or more than a mile high — Addis Ababa’s Bole International Airport falls into that category. High elevations require ...

Bloomberg It’s not Black Friday — it’s Way Day. In a second-annual event, online home-decor retailer Wayfair Inc is offering its lowest prices of the year. The company promises “Black Friday-low prices on thousands of popular home furnishings, décor, housewares and home improvement products as well as free shipping.” Sales could be notably better than last year, according to Piper ...

Bloomberg Two of the world’s biggest water companies are thinking outside the bottle about how to hydrate consumers as environmental campaigners take aim at the enormous amount of plastic waste the industry produces. Danone’s Evian plans to start selling an in-home water appliance featuring a balloon-like container that cuts down on plastic use, while Nestle SA is working on an ...

ABU DHABI / WAM The Central Bank of the UAE (CBUAE) and Bank of Korea (BOK) renewed their bilateral currency swap agreement (BCSA), which was originally signed in October 2013 at a value of $5.4 billion, reaffirming their commitment towards promoting trade and financial cooperation between the two countries. The agreement, which contributed significantly to development of economic and financial ...

Bloomberg Stocks in Abu Dhabi are poised to reach their highest since September 2014 after the main gauge’s largest constituent First Abu Dhabi Bank (FAB) PJSC implemented a decision to raise its foreign ownership limit. The lender’s shares gained as much as 4.8 percent on Sunday, the most in a month. The increased cap for foreigners could trigger passive inflows ...

DUBAI / Emirates Business Eminent speakers across the Middle East’s entertainment and retail industry will converge at the 5th edition of Theme Parks & Entertainment Development Forum to highlight the UAE’s tremendous growth in the sectors and discuss the way forward. The two-day event will kick off on April 16 at The Meydan Hotel, Dubai, and will focus on the ...

SHARJAH / WAM Dana Gas has announced that during Q1 2019, Pearl Petroleum received $112 million (AED411 million) from the sale of condensate, liquefied petroleum gas, and gas in the Kurdistan Region of Iraq (KRI). Dana Gas is a 35 percent shareholder in Pearl Petroleum and its share of such receipts by Pearl Petroleum is $39 million. This presents 117 ...

ABU DHABI / Emirates Business Etihad Airways, the national airline of the UAE, and IBS Software (IBS), a leading provider of new generation IT travel solutions, have signed a contract to enhance the airline’s operations. This will be done by implementing IBS’ iFlight NEO Ops and iFlight NEO HUB systems as the core technological solutions that will help increase on-time ...