REUTERS Qatar Airways is all set to buy 49 percent of Meridiana in a move that could bolster the Italian carrier’s ability to compete in the European market. The agreement was reached at the Farnborough International Airshow and the deal will close in early October, subject to certain conditions, Qatar Airways said in a statement on Thursday. The airline ...

  AFP German airline Germania has ordered 25 single-aisle fuel-efficient Airbus A320neos worth $2.6 billion (2.4 billion euros) at list prices in an announcement at the Farnborough air show. The firm aircraft order, for delivery from 2020 onwards, will double the Germania Group’s current fleet of aircraft, the pair announced on the second day of Farnborough. Airlines typically negotiate sizeable ...

AFP Oculus has announced it is ramping up availability of its Rift virtual reality gear and planning a major conference in October for developers making software for it. Facebook-owned Oculus said that all pre-ordered Rift headsets have been sent to buyers, and promised that new orders made online at oculus.com will ship within four business days. “We want to apologise ...

  Farnborough / AFP The aircraft sector hit turbulence as European giant Airbus slashed output of its A380 superjumbo because of weak demand, putting the brakes on plane orders generally at Farnborough. The Franco-German planemaker revealed at Farnborough — one of the world’s largest civilian and defence airshows — that it would halve production of its enormous A380 to one ...

  Bloomberg Many employees take pride in personalizing their workspace. But while it’s not uncommon to see desks littered with action figures or cubicle walls cluttered with pictures, few people give much thought to the light around them. The intensity and type of light we live with during the workday can have a major impact on our health, happiness, and ...

  Russ Fujioka / TNS If your business isn’t already using cloud technology, you run the risk of being left behind. With younger startup companies starting out in the cloud and an increasing number of existing companies making the move, it’s time to step away from that pen and paper and even your desktop software; the cloud is here and ...

  RITIKA SHARMA / Emirates Business Taking strides towards a knowledge-based economy, UAE has set an example in finance technology (FinTech). Experts claim that the pace at which UAE is embracing latest technology in financial sector, it is already the ‘most developed’ nation in the Middle East in terms of global shift in payment methods. Factors such as high smartphone ...

  Dubai / Emirates Business The UAE will play a pivotal role in the global billion dollar theme park and amusement industry, according to Abdul Rahman Falaknaz, Chairman, International Expo Consults, the organisers of the DEAL 2017 show. Highly innovative and creative themepark concepts in the UAE will be one of the key factors that will attract and drive millions ...

Dubai / Emirates Business Deyaar Development PJSC, one of Dubai’s largest property developers and real estate service providers, held a book fair at the company headquarters to support the UAE’s Year of Reading. The initiative aims to nurture a new generation of readers and enhance knowledge and innovation. The book fair, held in partnership with Impulse Group, one of the ...

  ALKESH SHARMA / Emirates Business As more number of individuals in the UAE hook to internet in pursuit of a leisure time, the gaming industry has emerged as a business that is bound to reap rich dividends. According to experts, internet gaming industry is all set for a robust growth in the coming years as internet gaming traffic will ...