Bloomberg Sprint Corp. Chairman Masayoshi Son held talks with billionaires Warren Buffett and John Malone about investing in the wireless company, according to a person familiar with the matter. Buffett is considering an infusion of $10 billion to $20 billion, while Malone would put in additional funding, said the person, who asked not to be identified discussing private information. Part ...

Saudi Arabia / Emirates Business Integrated travel services provider, Holidayme.com, is consolidating its presence in the Kingdom of Saudi Arabia (KSA) as its next growth market following the Arab nation’s rapidly growing tourism sector, which has primarily been driven by rising tourist numbers in the last few years. Holidayme, which began its operation in the Middle East in 2014, plans ...

Dubai / Emirates Business Samsung Gulf Electronics announced the availability of the new Galaxy J Pro series in the UAE. The Galaxy J5 Pro and Galaxy J7 Pro are currently available in the market. The new lineup of Galaxy J Series offers high performance in a stunning metal body design with enhanced camera technology, all at an ultra-accessible price point. ...

Bloomberg Shares of Delta Air Lines Inc. may have reached their cruising altitude for now. The Atlanta-based carrier got investors excited last week when it said revenue from each seat flown a mile jumped 2.5 percent, another big boost following May’s 3.5 percent increase. The stock had soared 22 percent since the beginning of May. But second-quarter results show that ...

Dubai / Emirates Business Air Seychelles, the national airline of the Republic of Seychelles introduced SITA’s state-of-the-art common-use passenger processing systems (CUPPS) at Seychelles International Airport. This investment provides greater flexibility for international airlines operating from the airport by allowing them to share common-use terminal equipment for check-in and boarding. The airline – which provides ground-handling services to airlines operating ...

DUBAI / Emirates Business The market revenue for materials handling equipment in the GCC, which was worth $3.78 billion in 2014, is set to maintain a CAGR of over 4 percent while reaching an estimated $4.8 billion to 5 billion in revenues by 2020. Saudi Arabia, with about 46% and the UAE with 35%, make up the largest markets in ...

NEW YORK / WAM Even though investments towards sustainable development in developing countries have fallen short by nearly $2.5 trillion each year, emerging financial products and encouraging policies illustrate that both public and private sectors are serious about correcting that trend, the United Nations environment arm has said. In its new report on green finance, the UN Environment Programme (UNEP) ...

Abu Dhabi / Emirates Business Abu Dhabi Airports Company (AUH) is holding a two-day recruitment event to find 75 ‘Customer Happiness Ambassadors’ to work across the terminals at Abu Dhabi International Airport. On July 17 and 18, UAE nationals aged 18 and above are being invited to attend Abu Dhabi Airports’ recruitment open days to discover more about the job ...

DUBAI / WAM The Ministry of Finance (MoF) and the Federal Authority for Government Human Resources have launched the first phase of the ‘e-link’ project between the Financial Planning System, the electronic federal budget, “Hyperion”, and the Human Resources Information Management System in the Federal Government, “Bayanati”. The project has been launched to enhance financial planning and cash forecasts, support ...

DUBAI / WAM A delegation from the Roads and Transport Authority (RTA) headed by Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of RTA, visited France to check on the progress of work in the manufacturing of 50 new trains for the Dubai Metro. These trains will be supplied by the French Alstom Company as part ...