DUBAI/ WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, today attended the Arab Strategy Forum 2024, which is being held under the theme “The Political and Economic State of the Arab World”. His Highness highlighted the urgent need for the region to resolve its conflicts and bring ...

BLOOMBERG Eight new Thai airlines are set to start operations as the tourism-reliant nation expects a sustained recovery in leisure travel to draw about 35 million foreign visitors this year. Really Cool Airlines, which plans to offer scheduled services on medium-to-long haul international routes, is among the companies which have won Transport Minister Suriya Jungrungreangkit’s approval for operator licenses, according ...

BLOOMBERG All 379 people aboard a Japan Airlines Co flight managed to escape after the Airbus jetliner burst into flames following a collision with a smaller plane as it landed at Haneda Airport in Tokyo, while most of the crew aboard the other aircraft were killed. Passengers and crew were safely evacuated from the Airbus SE A350-900, an airline spokesperson ...

BLOOMBERG The Airport Authority Hong Kong is offering its first-ever local currency public bond, pricing a HK$4 billion ($512 million) debt deal as passenger traffic recovers at the financial hub. The 3.5-year bond has been priced to yield 3.83%, according to a person familiar with the matter. The proceeds will be used for the airport’s capital expenditure, including plans for ...

BLOOMBERG Cathay Pacific Airways Ltd is seeking proposals from Airbus SE and Boeing Co for new aircraft to replace some of its older mid-sized widebody jets, rounding off the Hong Kong carrier’s biggest buying spree in a decade. “We are evaluating options for a versatile, mid-sized widebody aircraft that can undertake a range of missions and grow our passenger and ...

SHARJAH / WAM The Sharjah Municipality (SM) announced the launch of the Municipal Excellence Award in its new form, as one of the initiatives that enhances the culture of excellence and makes it a prevailing concept, established behaviour, and an essential characteristic that distinguishes the municipality and its employees. In this context, Obaid Saeed Al Tunaiji, Director General of the ...

DUBAI / WAM The Dubai Centre for Family Businesses, which operates under the Dubai Chambers umbrella, has released a ‘Sample Article of Association for Family Businesses’ to outline effective management and governance procedures, as well as corporate best practices, in a bid to promote growth and continuity among family businesses in the Emirate of Dubai. The Sample Article of Association ...

DUBAI / WAM In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, issued Law No. (30) of 2023 establishing ‘Parkin’ company, a public joint stock company (PJSC) that will oversee operations related to parking spaces in Dubai. As per the law, the newly established company ...

BLOOMBERG Bitcoin has sprinted to a more than 6% gain over the first three days of January, bucking a dour start to the year in global markets. The largest digital asset traded above $45,300 on Wednesday in London, buoyed by expectations that the US will soon allow the country’s first spot Bitcoin exchange-traded funds. General crypto optimism also encouraged advances ...

BLOOMBERG Bonds extended their drop as traders braced for a swathe of US data that could show whether bets on interest-rate cuts this year are justified. Government debt fell across Europe and US Treasury yields rose, leaving the rate on the 10-year bond up five basis points at 3.98%. The Stoxx 600 benchmark and futures contracts on US shares edged ...