Bloomberg Air France pilots said they’re concerned Paris would lose out to Amsterdam if KLM unit chief Pieter Elbers becomes the first Dutch head of Air France-KLM, throwing up another obstacle in the search for a permanent CEO. Elbers, 48, has emerged as a serious contender to take the top job at the parent company after the French government, its ...

Bloomberg Reliance Industries Ltd. plans to take on the likes of Amazon.com Inc. and Walmart Inc. in India’s retail industry by creating a platform that combines online and conventional shopping. Billionaire Chairman Mukesh Ambani outlined the plan at the company’s annual shareholders’ meeting in Mumbai saying Reliance saw its “biggest growth opportunity in creating a hybrid, online-to-offline new commerce platform.” ...

Bloomberg Bombardier Inc.’s edge over arch-rival Embraer SA didn’t last long. Four days after the Canadian jetmaker completed its tie-up with Airbus SE, Embraer announced its own joint venture with Boeing Co., giving both regional jet makers deep-pocketed partners as they do battle at the low end of the commercial aircraft market. Boeing’s partnership with Embraer is clearly a “direct ...

DUBAI / WAM Dubai Land Department (DLD) has revealed that real estate transactions in the emirate for the first half of 2018 reached AED111 billion, reaffirming Dubai market’s attractiveness and ability to compete with global investment destinations. The strengths portrayed by Dubai’s real estate investments underscore the leadership’s mandate to ease business processes and procedures. According to a report issued ...

SHARJAH / WAM The UAE-based, Fares Foundation for General Trading, which specialises in logistics and distribution through land, air and sea, has acquired 50 percent shares of Tawseel Delivery Services, a Sharjah-based food delivery service. As per the acquisition agreement signed by the two parties, Fares will increase the number of its fleet of delivery vehicles, enabling Tawseel to provide ...

DUBAI / WAM The Director of Dubai Customs, Ahmed Mahboob Musabih, has received the newly appointed South Korean Consul General, Jion Yung Wok, where the two sides discussed means to enhance cooperation and promote trade and investment. During the meeting, Musabih reaffirmed importance of enhancing cooperation with the South Korean diplomatic mission, business council and Korean companies. Dubai non-oil external ...

DUBAI / WAM The Dubai Electricity and Water Authority (Dewa) has awarded the contract for the construction of electricity transmission projects, worth AED1.05 billion, including a 400/132kV substations, two 132/11 kV substations, and 75km of 132kV ground cables. This is part of Dewa’s efforts to support and upgrade the capacity and efficiency of electricity transmission networks. Dewa Managing Director and ...

ABU DHABI / WAM Al Bayt Mitwahid Association in collaboration with Airbus have selected 18 Emirati students to travel to Hamburg, Germany for a six day behind-the-scenes visit to Airbus Germany, as part of the Future Scientists 2018 initiative. During their visit, students will interact with senior Airbus engineers, participate in engaging workshops, spend free time exploring the local culture ...

Abu Dhabi / WAM Al Bayt Mitwahid Association in collaboration with Airbus have selected 18 Emirati students to travel to Hamburg, Germany for a six day behind-the-scenes visit to Airbus Germany, as part of the Future Scientists 2018 initiative. During their upcoming visit, students will interact with senior Airbus engineers, participate in engaging workshops, as well as spend some of ...

Abu Dhabi / Emirates Business Further to its initiative in 2012 to regulate the appointment of court banking experts in the UAE, the UAE Banks Federation (UBF) continued its collaboration with the Ministry of Justice (MoJ) and the Central Bank of UAE (CBUAE) to further develop and enhance the profession of banking experts in the country. With the aim of ...