March, 2016

• 17 March

  Qatar Air keen on IndiGo Holding, wants Meridiana to downsize staff

  

  Bloomberg Qatar Airways remains on the hunt for a stake in discount carrier IndiGo to add to its portfolio of holdings after failing to buy shares of India’s largest airline at the time of last year’s initial public offering. “I cannot force the owners to sell a stake to me,” Chief Executive Officer Akbar Al Baker said. “But if they ...

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• 17 March

  Bad times for watch biz as Basel trade fair opens

  BASEL / AFP The world’s biggest watch fair opened in the Swiss city of Basel on Thursday as a slumping luxury market and the soaring popularity of connected timepieces cast gloom over the industry. Baselworld is the highlight of the year for watch and jewellery makers, with retailers flooding in to snap up the latest eye-candy for their showcases. The ...

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• 17 March

  Fastjet chief’s exit shows Africa left behind by aviation boom

  

  Bloomberg When a Fastjet Plc plane flew from Tanzanian business hub Dar es Salaam to Mwanza on Lake Victoria on Nov. 29, 2012, Chief Executive Officer Ed Winter lauded the service as heralding the start of low-cost travel in Africa. Barely three years on and Winter quit this week after a spat with backer and EasyJet Plc founder Stelios Haji-Ioannou ...

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• 17 March

  Lufthansa starts payments as profits take flight in 2015

  

  Frankfurt / AFP German airline Lufthansa said on Thursday it will resume dividend payments to shareholders after profits soared in 2015, helped by low oil prices, and are set to increase again this year. Lufthansa chief executive Carsten Spohr said that despite an “emotionally challenging year” due to the Germanwings air crash and the burden of repeated strike action by ...

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• 17 March

  Nike unveils its first self-lacing sneaker

  

  NEW YORK / AP Forget about slipping out of your shoes because of loose laces or feeling pressure from too-tight tying when doing those sprints. Nike Inc. has unveiled its first power-lacing sneaker — it allows users to make the fit looser or snugger on the fly by pressing buttons on the side of the shoe. The world’s largest sportswear ...

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• 17 March

  Lights off please, it’s Earth Hour!

  

  Ritika Sharma / Emirates Business “Lives are crying because it’s not clean, Earth is dying because it’s not green” – I came across these lines while vaguely browsing through internet trying to find the best thing ever said about our planet. I must admit, it shook me to the core. Not because I am not aware of the numerous campaigns ...

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• 17 March

  DEWA’s Carbon Neutral initiative for Earth Hour

  Emirates Business In cooperation with the Dubai Carbon Centre of Excellence, DCCE, Dubai Electricity and Water Authority, DEWA, has launched the Carbon Neutral initiative to neutralise all carbon emissions during Earth Hour. This will be achieved by adopting the Clean Development Mechanism, CDM, across all DEWA projects based on the Kyoto protocol, which is directly linked to the United Nations ...

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• 17 March

  Lights out this year at Majid Al Futtaim’s websites, malls

  Emirates Business Majid Al Futtaim, the shopping mall, retail and leisure pioneer across the Middle East and North Africa, is supporting the global Earth Hour movement on March 19, 2016, through an innovative digital and onsite initiative, to raise awareness about the importance of reducing energy consumption and adopting sustainable and environment friendly policies. By diming and switching off lights ...

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• 17 March

  From skylines to timelines, this darkness shines a light on climate action

  Emirates business Following a landmark year for climate, Emirates Wildlife Society – WWF is calling on people in the UAE to take climate action by switching off their lights for one hour and switching on their social power by donating their social feeds to Earth Hour. Earth Hour 2016 will be celebrated on Saturday, 19 March between 8:30 and 9:30 ...

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• 17 March

  Sharjah to switch off lights

  Emirates business Sharjah Environment and Protected Areas Authority (EPAA) in collaboration with Sharjah Electricity and Water Authority (SEWA) is gearing up to mark Earth Hour, through a variety of activities that will be held at Al Majaz Waterfront on Saturday, March 19. Themed “This Earth Hour, Shine a Light on Climate Action”, the event is part of the intergovernmental coordination ...

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