Bloomberg Amazon.com Inc. is tapping some of the biggest athletic-apparel suppliers to make a foray into private-label sportswear, according to people familiar with the matter, setting the stage for further upheaval in an already-tumultuous industry. Makalot Industrial Co., a Taiwanese vendor that produces clothing for Gap Inc., Uniqlo and Kohl’s Corp., is making apparel for the Amazon line, a person ...

Bloomberg EasyJet Plc is negotiating with Air Berlin Plc administrators for 25 of the bankrupt carrier’s remaining aircraft at Berlin’s Tegel Airport. An agreement for that many jets would make the airport EasyJet’s second-biggest base after its operations at London Gatwick. Talks for the Airbus SE A320 jets are ongoing and subject to regulatory approval, the Luton, England-based discounter said ...

Bloomberg What a difference a year makes at Air France-KLM Group: almost $4 billion in increased market capitalisation. The carrier’s valuation has surged almost 190 percent since hitting a five-year low in September 2016. The Paris-based company’s shares are also the best performers among members of the Stoxx Europe 600 benchmark index this year, with a 20-times greater advance than ...

Dubai / WAM DP World Group Chairman & CEO and Chairman of Ports, Customs and Free Zone Corporation (PCFC) Sultan bin Sulayem revealed the value of Dubai’s information technology trade figures in the first half of 2017 which is AED 134.5 billion, including AED 86.8 billion of imports, and AED 47.7 billion of exports and re-exports. He pointed out that ...

ABU DHABI / WAM The Emirates News Agency (WAM), signed a Memorandum of Understanding (MoU), with ENEX, an association of the world’s leading commercial TV broadcasters, to strengthen joint co-operation in news exchange and transmission of media content through the latter’s international circulation platforms and outlets in Europe, America, Africa and Asia. Inked on the sidelines of the ENEX General ...

ABU DHABI / WAM The Abu Dhabi Department of Urban Planning and Municipalities (DPM), is leading a project to develop a Capital Investment Planning System (CIPS), that will automate processes and bring together all government capital projects across the emirate. CIPS will aim to house all major five-year capital plans such as utilities, roads and community facilities under one overarching ...

RAS AL KHAIMAH / WAM The Ras Al Khaimah Chamber of Commerce and Industry and a high-level delegation from the Duchy of Luxembourg met to discuss joint economic activities and investment opportunities. The delegation from Luxembourg was headed by Prince Guillaume, Heir Apparent of Luxembourg. The talks included economic issues of mutual interest in addition to bringing together local companies ...

SHARJAH / WAM The 5th GCC Human Resources and Labour Market Executive Conference will begin on Sunday, under the patronage and in the presence of HH Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah. Themed ‘Gulf Human Capital, a Promising Wealth’, the conference is being organised by the Sharjah Chamber of Commerce and ...

ABU DHABI / Emirates Business twofour54, Abu Dhabi’s media and entertainment hub, has been acknowledged as having one of the best eyes for an investment in the region. The free zone has been ranked 10th on the Forbes Middle East’s list of the 50 Most Active Investors – and the second highest accelerator. The list, which was revealed at the ...

Dubai / WAM Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum approved the new Board for the Emirates Youth Council with Shamma bint Sohail Faris AlMazrui, Minister of State for Youth Affairs, as Chairperson. The Board will also include seven members representing the seven emirates of the country. Highlighting ...