Sydney / AFP Chinese aviation and tourism giant HNA is buying a 13 percent stake in Virgin Australia, the airline said on Tuesday, just a week after the Hainan company scooped up part of Portuguese national airline TAP. HNA, led by Chinese billionaire Chen Feng and best known as the parent of Hainan Airlines, will pay Aus$159 million (US$115 million) ...

  Dublin / Bloomberg Airline chiefs from around the world have begun gathering for their annual meeting against a background of increasing concern about a slowdown in demand just as carriers pile on capacity to exploit low oil prices. Only a few months ago, this week’s International Air Transport Association symposium in Dublin looked set to be dominated by talk ...

  Caracas / AFP Julio Ribas suffers from high blood pressure. If only Venezuela’s currency were as high, he might be able to afford some medicine for it.Venezuela is short of drugs, and to buy some from abroad, Ribas needs dollars — but those are in desperately short supply too. Ribas is just one of the countless casual victims of ...

  Tel Aviv / DPA A young woman sits at a long wooden table in front of her laptop, headphones on, absorbed in her work.She’s got a single space in the sleek co-working office Mindspace, located in the centre of Tel Aviv. The Israeli business has been very successful — its co-working office fills three storeys of two buildings on ...

  RITIKA SHARMA / Emirates Business When a Dublin-born gentleman runs his business in Dubai, with a typical Irish-hospitality stance, you get an exotic property that is a perfect blend of style, class and comfort. This is the perfect way to define Bonnington Jumeirah Lakes Towers (JLT) that has carved its unique niche by outshining other city hotels in the ...

  Our Correspondent / EMIRATES BUSINESS Designed for both business and leisure travellers, Melia Dubai features an array of facilities and services to meet and exceed guest expectations. The contemporary elegance of the hotel combined with stress-free business amenities, exceptional culinary experiences and holistic spa facilities reflect Melia Dubai’s superior way of welcoming and treating their guests. Located in the ...

  DUBAI / WAM Emirates Airline signed a Memorandum of Understanding (MoU) with the Jordan Tourism Board, which aims to utilize the airline’s global network to further boost inbound tourist arrivals to Jordan, focused on the growth of key tourist destinations in the country. Jordan has been an important part of Emirates’ network since 1986. Today, the airline offers three ...

  DUBAI / WAM Dr Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development, and Chairman of Sheikh Zayed Housing Programme, and Ahmed Moussa, General Manager of Dubco Construction, signed a AED194.5 million contract for construction and maintenance of the 900,600-square metre Al Quoz Residential Complex in Dubai. Site preparation for the 159 villa project commenced in early May ...

  ABU DHABI / WAM In implementation of the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, and orders of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, the Abu Dhabi City Municipality will on Tuesday begin the handing over of 346 communal ...

  Dubai / WAM Burj Al Arab, the world’s most luxurious hotel, has won the Best Hotel in the World and Best Hotel in the Middle East awards at the Ultimate Luxury Travel Related Awards, as voted by the readers of the UK edition of Ultratravel, the Daily Telegraph’s travel pages and the Ultratravel-branded luxury travel pages on telegraph.co.uk. The ...