Bloomberg Air Canada has a succession gap now that its No. 2 executive is leaving to run Europe’s largest airline. But the Canadian carrier has a deep management bench that will minimise disruption, say Cowen & Co. and RBC Capital Markets. Chief Operating Officer Ben Smith will leave Air Canada on August 31 to take charge at Air France-KLM, the ...

Bloomberg Labour unions are lobbying shareholders at strike-ravaged Ryanair Holdings Plc to pressure the airline into abandoning a business model they say is based on browbeating staff to keep down costs. Other discount carriers manage to turn a profit while maintaining a healthy working environment, the Belgian, Portuguese, Spanish and Italian unions said to investors, adding that Ryanair has been ...

Bloomberg Kroger Co. is bringing self-driving grocery delivery to Arizona. The largest grocery chain in the US will start delivering groceries in autonomous-capable Toyota Prius cars at a Fry’s Food Stores location it owns in Scottsdale. To start, there will be a driver in the vehicle, though the second phase of the test — slated to begin late next month ...

ABU DHABI / WAM Responding to urgent international appeals, the Emirates Red Crescent (ERC) has provided shelters, tents, covers and food to those stricken by the floods that hit many provinces in Eastern Sudan and Kerala, India, as well as those affected by the earthquake that catapulted the province of Lombok, Indonesia. The ERC’s rapid humanitarian and rescue response aims ...

DUBAI / Emirates Business The UAE is Hong Kong’s 18th largest trading partner as the total trade value between the UAE and Hong Kong amounted to over $4.7 billion in the first half of 2018. Hong Kong’s total export to the UAE amounted to $2.7 billion and total import value from the UAE reached $2 billion, reveal officials in Dubai. ...

DUBAI / WAM Nakheel, a property developer based in Dubai, on Wednesday announced a net profit of AED2.51 billion for the first six months of 2018. ‘‘Nakheel handed over 451 units to customers in the first six months of the year. The company’s non-development businesses — retail, leasing, hospitality and asset management – all performed strongly. Annual revenues from these ...

Abu Dhabi / WAM In line with its strategy to enhance the UAE’s investment structure and support its sustainable economic gro-wth, Abu Dhabi Securities Exchange (ADX) has awa-rded SICO with the first non-UAE license to serve as market maker, making it the fifth registered market ma-ker on the exchange. The announcement came at a bell- ringing ceremony on ADX’s trading ...

DUBAI / Emirates Business GCC sovereign issuance has had another strong first half, with the sovereign bond transactions of over $30 billion in the hard currency market, according to Fisch Asset Management. The Zurich-based asset manager believes that full-year issuance could surpass last year’s levels and reach $50 billion in 2018. Philipp Good, CEO at Fisch Asset Management, said: “This ...

ABU DHABI / WAM Abu Dhabi National Exhibitions Company (Adnec) renewed a landmark memo- randum of understanding (MoU) with the Emirates Medical Association (EMA), and the Abu Dhabi Convention Bureau, a division of the Department of Culture and Tourism (DCT), to promote Abu Dhabi as a hub for world-class healthcare services and a global knowledge destination, by hosting important medical ...

DUBAI / WAM The Dar Al Ber Society has launched and supported 91 humanitarian and charity projects in the Ivory Coast and Ghana, as part of its development and charity efforts in Africa. The projects aim to promote the teachings and values of Islam and implement the UAE’s charity and humanitarian policies and vision around the world, as part of ...