March, 2018

• 10 March

  American to retire 45 Boeing 737s

  Bloomberg American Airlines Group Inc. plans to retire 45 of its oldest Boeing Co. 737 jets over the next two years as part of an overhaul that will reduce the age of its workhorse narrow-body fleet. The Fort Worth, Texas, carrier plans to withdraw 12 of the aircraft next year and 33 in 2020, or about three a month. American’s …

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• 10 March

  Toys ‘R’ Us prepares for shutdown of its operations in America

  

  Bloomberg Toys “R” Us Inc. is making preparations for a liquidation of its bankrupt US operations after so far failing to find a buyer or reach a debt restructuring deal with lenders, according to people familiar with the matter. While the situation is still fluid, a shutdown of the US division has become increasingly likely in recent days, said the …

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• 7 March

  NMC Healthcare profit up 38.2%

  LONDON / WAM UAE-based NMC Healthcare announced results for the year 2017, with total revenues rising from $1,220.8 million in 2016 to $1,603.4 million, up by 31.3 percent, and total net profit rising from $151.4 million in 2016 to $209.2 million last year, an increase of 38.2 percent. Adjusted net profit rose 43 per- cent from $165.2 million to $236.6 …

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• 7 March

  Europe, IMF warn Trump of trade war

  

  LUXEMBOURG / Reuters Europe and the IMF urged Donald Trump on Wednesday to step back from the brink of a trade war, after the resignation of his economic adviser emboldened those encouraging him to push ahead with tariffs on imported steel and aluminium. The departure of Gary Cohn, seen as a bulwark against Trump’s economic nationalism, hit shares, oil and …

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• 7 March

  RAKEZ strengthens India ties with new Mumbai office

  Mumbai / Emirates Business In a bid to strengthen ties with overseas clients, Ras Al Khaimah Economic Zone (RAKEZ) has launched its new office in India at the strategically important Bandra Kurla Complex in Mumbai. The opening of the office, which was witnessed by His Highness Sheikh Ahmed bin Saqr Al Qasimi, RAKEZ Chairman, VIP government representatives and senior industry …

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• 7 March

  Deyaar ties up with Microsoft to enhance digital strategy

  Dubai / Emirates Business Deyaar Development PJSC, one of Dubai’s leading property developers and real estate service providers, adopts Microsoft’s cloud solutions, cyber security products, and business intelligence capabilities to optimise costs and spearhead innovation across operations and processes. Both companies will work together to redefine Deyaar’s customer experience with a virtual-tour application using Microsoft’s mixed-reality HoloLens device, create a …

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• 7 March

  SCCI to host 5th edition of ‘Acres’ exhibition

  Sharjah / WAM The Sharjah Chamber of Commerce and Industry (SCCI), the Sharjah Real Estate Registration Department and the Real Estate Sector Business Group in Sharjah have announced the details of the 5th edition of the Acres 2018 real estate exhibition, which is being held under the patronage of HH Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member …

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• 7 March

  DLD to name winners of ‘Gulf Real Estate Awards’ on March 21

  DUBAI / Emirates Business Dubai Land Department (DLD) has announced that the closing ceremony for the second edition of the Gulf Real Estate Awards will take place on March 21, when the winners for the programme’s 22 categories will be announced. DLD has confirmed that over 170 entries were submitted by companies operating across various real estate fields in the …

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• 7 March

  US stocks pare drop, Treasuries rise, dollar surges on trade bets

  

  Bloomberg US stocks pared declines, while Treasuries rose as investors assessed the possible fallout from President Donald Trump’s push to implement punitive trade tariffs on some products. The dollar turned higher versus major peers. The S&P 500 Index remained on track for the first drop in four days, though overnight declines sparked by the resignation free-trade proponent Gary Cohn and …

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• 7 March

  Gulf stocks down with global markets; Saudi, Egypt defy trend

  

  Reuters Gulf stocks mostly fell on Wednesday, with only Saudi Arabia resisting a broad decline in global markets after the resignation of a key White House economic adviser sparked fears of a trade war. The departure of Gary Cohn, who had opposed US President Donald Trump’s plan for tariffs and was seen as a bulwark against protectionist forces within the …

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