Abu Dhabi / Emirates Business Swiss luxury watchmaker and aviation chronograph specialist, Breitling announced that French pilot, Mika Brageot, will be making his Master Class debut in Abu Dhabi at the season opener of the 2017 Red Bull Air Race World Championship from February 10-11. The Abu Dhabi race, which is celebrating its 10th anniversary, will see Brageot and ...

  Bloomberg Dubai agreed a $3 billion loan with banks to fund the expansion of Dubai World Central airport and logistics hub as it prepares to host the World Expo in 2020, reports said. The emirate will pay interest of 200 basis points, or 2 percentage points, above the London Interbank Offered Rate on the seven-year facility, said the people, ...

  Bloomberg In line with its efforts to digitise its services to create a secure e-commerce environment, du has increased the security of its payment gateway with Payment Card Industry Data Security Standard (PCI DDS) compliance. This certification enables du customers to process their payment transactions and cardholder data more securely than ever before. “PCI-DSS Compliance enables du to tighten ...

  Broome/ DPA The sun has dipped behind the horizon but still hundreds of tourists remain on the mangrove beach at Broome in north-western Australia. All are looking out to sea. Slowly, a golden moon rises over the black water and a spectacular phenomenon takes place. The moonlight reflected off the mudflats makes it appear as if the moon has ...

  ANN ARBOR, Mich / AP The University of Michigan collects video games. Lots of them. The Ann Arbor university‘s Computer and Video Game Archive (CVGA) features over 7,000 titles — everything from time-honored favorites such as “Pac-Man” and “Frogger” to newer fare, including “Call of Duty” and “Halo”— on dozens of gaming systems. Now in its 10th year, the ...

  Bloomberg OPEC cut output by 840,000 barrels a day last month, but has more work to do to fully comply with last year’s historic production deal. The Organization of Petroleum Exporting Countries pumped 32.3 million barrels a day in January, according to a Bloomberg News survey of analysts, oil companies and ship-tracking data. The 10 members of the group ...

  Bloomberg US oil and natural gas producers added jobs in December and January as drillers continued to return to the well pad with crude prices holding near 18 month highs, according to US jobs data on Friday. Oil and gas extraction jobs increased by 100 to 177,400 in January, while support services jobs increased by 600 to 195,200 in ...

  Bloomberg The oil industry’s struggle through the worst slump in a generation showed signs of easing, with Royal Dutch Shell Plc managing to reduce its record debt for the first time since the downturn began. Rising oil prices and billions in cost cuts allowed Europe’s largest energy company and fellow giant Exxon Mobil Corp. to generate enough cash to ...

Bloomberg The exchange that’s home to Brent crude futures hired a consultant to discuss with traders, banks and other market participants measures to revamp how North Sea oil prices are calculated. Intercontinental Exchange Inc. (ICE) hired Energex Partners, founded by former Morgan Stanley oil traders, to discuss potential changes to the multi-layered North Sea market that includes both physical and ...

  ANKARA / Reuters Turkey’s growth will be below potential in 2016 and this year, the International Monetary Fund said, citing political uncertainty, strained relations with Europe and insecurity at home and in the region. The IMF said growth in 2016 would be 2.7 percent, below the government’s official 3.2 percent forecast, rising to just 2.9 percent in 2017, below ...