September, 2021

• 14 September

  Expo 2020, a unique global platform for creative minds

  

  Abu Dhabi / WAM Sheikh Nahyan bin Saif bin Mohammed Al Nahyan, UAE Ambassador to Saudi Arabia, has affirmed that Expo 2020 Dubai is a unique global platform for creative minds, which will help in drafting a roadmap, enabling humanity to confront common global challenges and turn them into opportunities towards creating a better world. In an interview with the ...

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• 14 September

  Abu Dhabi Ports leases 2 million square metres of industrial land

  

  ABU DHABI / WAM AD Ports Group announced that more than 2.2 million square metres of its Industrial Cities and Free Zone Cluster have been leased during the first half of 2021 to local, regional, and international businesses, a clear indication that demand for industrial land continues to accelerate despite the impact of the Covid-19 pandemic on businesses. AD Ports ...

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• 14 September

  Biden’s Saigon moment raises ‘risks’ for markets

  

  It has been 20 years. Like most of us who were in Manhattan on September 11, 2001, I find it difficult not to think of that day’s events at the best of times. The focus on the 9/11 terrorist attacks over the 20th anniversary this weekend was close to intolerable. However, the topic can’t be avoided, even for people who ...

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• 14 September

  China’s global hunt for dissidents

  

  For years, China has purported to be a new type of great power: one that rises peacefully and respects the rights of other states rather than chasing the foreign domination of empires past. “China will never seek hegemony, expansion or a sphere of influence,” President Xi Jinping said in April. Yet many of Beijing’s policies have a distinctly imperial feel. ...

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• 14 September

  Covid is on its way to becoming ‘new virus’

  In the days before Covid, the response that doctors would give: “It’s just a virus”. As someone who’s long been fascinated by the detective work that goes into tracing the origins and history of infections, the answer always seemed too perfunctory. Which virus was it? Where and when did this strain emerge? How many other people were getting infected with ...

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• 14 September

  Russia is the canary in the Opec+ oil mine

  Russia is struggling to boost its oil production, even as its allowance under the latest Opec+ agreement is rising. At least that’s what the current data show. If it’s true, we ought to be worried. The country is the largest of the allies that joined with the Organization of Petroleum Exporting Countries last year to agree to a record cut ...

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• 14 September

  HNA secures ‘investors’ for Hainan Air, airport business

  

  Bloomberg HNA Group secured strategic investors for its airline and airport businesses, a key step in the once high-flying Chinese conglomerate’s state-run reorganisation and bid to move beyond its debt woes. The administrators of HNA’s restructuring program have decided to bring in Liaoning Fangda Group Industrial Co as strategic investor for the airline business and Hainan Development Holdings Co for ...

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• 14 September

  Sydney Airport new bid shows long-term allure

  

  Bloomberg Sydney Airport relented to suitors after extracting a sweetened A$23.6 billion ($17.4 billion) takeover offer that underscores the battered travel industry’s appeal to long-term investors. The airport said on Monday it will to open its books to bidders led by IFM Investors after they increased their indicative offer 3.6% to A$8.75 a share. Sydney Airport said it plans to ...

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• 14 September

  Breeze Airways orders 20 more Airbus A220s valued at $1.8b

  

  Bloomberg Breeze Aviation Group Inc has ordered 20 additional Airbus SE A220-300 aircraft, bolstering the fleet of its startup airline and enabling longer domestic and short-haul international routes. The new planes, adding to a prior 60-jet order, mean the low-cost Breeze Airways will receive one A220 a month for the next six and a half years, the company said in ...

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• 14 September

  Covid-19: Airlines’ debt pile hits $340b

  Bloomberg Airlines are piling on more debt as surging coronavirus cases force travellers to cancel plans and stay home. The industry’s outstanding debt has jumped 23% since 2020 to $340 billion, according to data compiled by Bloomberg. So far this year, global air carriers have sold $63 billion in bonds and loans. It’s more evidence that the industry faces a ...

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