Abu Dhabi / Emirates Business Al Hilal Bank acquired a Private Placement funding worth USD $225 million under its existing Trust Certificate Issuance Programme of USD$2.5 billion. This is the second tranche under the programme. The first funding secured was worth USD$500 million for five years, and was issued back in 2013. Al Hilal Bank, PJSC (A1/-/A+) is the …

  Abu Dhabi / Emirates Business Etihad Flight College (EFC), a wholly-owned subsidiary of Etihad Airways, the national airline of the United Arab Emirates, has taken delivery of the first of four Embraer Phenom 100E. Etihad Flight College will be the first flight school in the world to use the Phenom 100E in the initial phase of flying training. The …

  Dubai / Emirates Business Visa (NYSE: V), a global payments technology company, announced that more online shopping sites in the UAE now offer Visa Checkout, the digital checkout service that allows shoppers to pay with their cards online and on any device that’s connected to the Internet, with just a few clicks. Visa Checkout-enabled shopping sites include Emirates Airline, …

  Dubai / Emirates Business GAC EnvironHull, part of global shipping, logistics and marine services provider GAC Group, announced that its pioneering hull cleaning system, HullWiper, will be available to ship-owners berthing in the Port of Rotterdam next month. HullWiper — which will be demonstrated at an event co-hosted by GAC EnvironHull and the Port of Rotterdam at the port …

  Dubai / Emirates Business As part of its strategic plan to empower the UAE’s youth by providing them with advanced skills in the marine and maritime sciences, Emirates Classification Society “Tasneef” graduated 10 engineers after completion of an advanced training course in the engineering field from Genoa University. The university, one of the biggest in Italy, was established in …

  Bloomberg Batteries capable of storing power at utility scale will be as widespread in 12 years as rooftop solar panels are now, revolutionizing the way consumers use energy. That’s the the conclusion of Bloomberg New Energy Finance, which forecasts the battery market may be valued at $250 billion or more by 2040. It expects 25 gigawatts of the devices …

  AFP Mexican President Enrique Pena Nieto said Friday that he and Singaporean counterpart Tony Tan will promote the ratification of a trans-Pacific trade pact. The two leaders met during Tan’s state visit to Mexico, the first by a Singaporean head of state to any Latin American nation. After talks at the capital’s ornate National Palace, Pena Nieto said the …

  Bloomberg Shareholders of Restaurant Brands International Inc., owner of Burger King and Tim Hortons, rejected a proposal that would require a clear plan to add women to the company’s all-male board. OceanRock Investments Inc.’s motion was defeated at Thursday’s annual meeting in Oakville, Ontario, according to the Canadian Press. The Vancouver-based investor became a shareholder when Miami-based Burger King …

  Bloomberg Renewables will overtake natural gas as the dominant source of electricity generation in the U.S. in 2031, even without subsidies as wind and solar costs plunge, a Bloomberg New Energy Finance analysis showed. This U.S. shift will be driven by $745 billion in investments in renewables through 2040, outstripping the projected $95 billion that will be spent on …

  Bloomberg Crude fell a third day after the number of rigs drilling for oil in the U.S. rose for a second week. Futures fell as much as 1.8 percent in New York after dropping 4.2 percent in the previous two sessions. Rigs targeting crude in the U.S. rose by 3 to 328 last week, capping the longest run of …