May, 2017

• 2 May

  Visa on arrival for Indians with US visas or green card

    Abu Dhabi / WAM The Ministry of Foreign Affairs and International Cooperation announced that as of Monday, May 1, entry visas will be granted to Indians holding standard passports with United States, US, visas or are US green card holders, upon their arrival at UAE ports. Ahmed Al Dhaheri, Assistant Under-Secretary for Consular Affairs at the Ministry, explained that these …

  Read More »
• 2 May

  dnata named ‘Ground Handler of Year’

    Dubai / WAM dnata has been named Ground Handler of the Year at the 2017 Air Cargo News awards for the fourth consecutive year. The award winners are determined by a mix of direct voting by more than 18,000 supply chain professionals and company submissions. “Our ground handling teams around the world work tirelessly to ensure our customers receive the …

  Read More »
• 2 May

  Dubai Chamber to open office in Argentina

  

    Dubai / WAM The Dubai Chamber of Commerce and Industry (DCCI), announced plans to open a new representative office in Buenos Aires, Argentina, which will become the chamber’s second office in Latin America. The announcement came during a meeting between Argentina’s Vice President, Gabriela Michetti, and a high-level delegation from Dubai. The delegation visited the country as part of …

  Read More »
• 2 May

  Etihad CEO ‘disappointed’ by Alitalia move

  

    Abu Dhabi / Emirates Business Etihad Airways said it was disappointed that despite its significant investments in Alitalia, the Italian airline had on Tuesday entered extraordinary administration. James Hogan, President and Chief Executive Officer (CEO) of Etihad Aviation Group, said: “We have done all we could to support Alitalia, as a minority shareholder, but it is clear this business …

  Read More »
• 2 May

  Fish stock promotion programme launched

  

    Dubai / WAM Lt. General Dahi Khalfan Tamim, Deputy Chairman of Police and General Security in Dubai, the Honorary Chairman of the Protection of Maritime Environment Society launched the first phase of the fish production enhancement programme in the presence of Sultan bin Sulayem, DP World Group Chairman, CEO and Chairman of Ports, Customs and Free Zone Corporation. Seven …

  Read More »
• 2 May

  Saudi’s SABIC slips after Q1 results, Gulf sluggish on oil

  

  DUBAI / Reuters Shares in petrochemical giant Saudi Basic Industries (SABIC) fell on Tuesday after the company reported first-quarter results, while most equities in the Gulf were sluggish as oil prices traded near five-week lows. Egypt followed emerging markets higher. SABIC posted a first-quarter net profit of 5.24 billion riyals ($1.40 billion), up 80 percent from the same period last …

  Read More »
• 2 May

  Global stocks climb amid earnings as yen weakens

    Bloomberg Global stocks headed for a fresh high as many markets reopened with investors focusing on stronger corporate earnings. The yen extended losses while Treasuries maintained declines. The MSCI All-Country World Index was poised for a record close, while European shares advanced. US stock futures edged lower. European government bonds fell across the board. Treasury yields climbed after Steven …

  Read More »
• 2 May

  Modi’s misguided economics will catch up with him

  

    It’s been almost three years since Narendra Modi took over as prime minister of India—but, in many ways, it feels longer. Modi’s domination of Indian politics, and of Indians’ imagination, is complete; no alternative seems possible, every challenger has been defeated. But bad economics has a habit of catching up with its practitioners eventually. And for all his political …

  Read More »
• 2 May

  Singapore Air axes its safety net

  

    Singapore Airlines Ltd. likes to project a certain consistency. Its female flight attendants wear a uniform that hasn’t significantly changed since the airline’s founding. The shares have traded for several years at an almost fixed price of S$10 apiece. And its board hardly ever takes on a cent of net debt. That’s about to change, Abhishek Vishnoi of Bloomberg …

  Read More »
• 2 May

  Start worrying about emerging markets

  

    For all the hand-wringing over when and how the Federal Reserve would begin tapering its massive bond-buying program, emerging nations appear to be relatively well-prepared for higher U.S. interest rates. Compared with the period before the 1997 financial crisis, many of them have ably shored up their defenses — freeing exchange rates, amassing foreign-exchange reserves and paring back their …

  Read More »