Bloomberg Vietnam Airlines is considering an order of 50 to 100 Boeing Co. 737 Max planes this year to replace its aging fleet of Airbus SE single-aisle aircraft and may also buy long-range jets in preparation for flights to California. The new aircraft will be for delivery between 2020 and 2030, Duong Tri Thanh, chief executive officer of the state-owned ...

Bloomberg Falling gasoline prices pushed down Canadian retail sales for a second straight month in December, ending what was a weak fourth quarter and lackluster year for the industry. Retailers posted a 0.1 percent drop in receipts in December, extending a 0.9 percent drop in November — the most sluggish back-to-back monthly performance last year. For all of 2018, sales ...

Bloomberg Qantas Airways Ltd. expects to completely recover higher fuel costs this fiscal year due to strong demand for air travel, even after rising oil prices dented first-half profit. The airline’s first-half underlying profit before tax fell 19 percent to A$780 million ($559 million) from a year earlier but Qantas announced more returns to shareholders with a A$305 million stock ...

Bloomberg Optimism over a travel boom in southern China has fueled a surge in shares of China’s third-biggest airport. But some analysts say the rally in Shanghai-listed Guangzhou Baiyun International Airport Co. will probably run out of steam soon. Baiyun Airport has gained 25 percent this year, outperforming a 20 increase in the broader A-share market. It was mainly fueled ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) announced that it has entered into a landmark multi-billion-dollar midstream pipeline infrastructure partnership with KKR and BlackRock, two of the world’s leading institutional investors. To mark the occasion, a signing ceremony was held at Adnoc Headquarters with Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State and Adnoc ...

DUBAI / Emirates Business The sovereign long-term commercial borrowing in the Middle East and North African (Mena) could increase by 25% this year after falling 38% in 2018, according to S&P Global Ratings. This is chiefly because higher oil prices and fiscal consolidation measures in Gulf Cooperation Council (GCC) countries significantly reduced GCC sovereigns’ funding needs in 2018. However, lower ...

Dubai / WAM As part of its efforts to strengthen its leading position amongst most innovative and smart exchanges in the region and beyond, Dubai Financial Market (DFM) organises series of brainstorming sessions during the ‘UAE Innovation Month 2019’. The sessions aim to promote a culture of innovation amongst DFM employees and various market participants including listed companies and brokerage ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received at the Beach Palace on Sunday, heads of two global investment firms, Larry Fink, Chairman and Chief Executive Officer of BlackRock, and Henry Kravis, Co-Chairman and Co-Chief Executive Officer of KKR. His Highness ...

SHARM EL SHEIKH / WAM In a step towards supporting the UAE’s digital transformation, Emirates Integrated Telecommunications Company (EITC), on Sunday announced advanced level of preparation to roll-out 5G services in the UAE in 2019. Prominent landmarks across the UAE in all seven Emirates are currently being installed with high-technology 5G equipment and will be the first areas to have commercial ...

Abu Dhabi / WAM Given how uncertain and volatile the global economic and political landscape currently is, with market uncertainty pervasive and investor confidence deteriorating, global private equity firms are on the lookout for stable, new markets where they can be certain not just of promising returns on investment but also an investor-friendly regime. As a result, the UAE, with ...