April, 2017

• 16 April

  Lectures on ‘The Future in 60 Minutes’ launched

  

    DUBAI / WAM The government of the UAE has launched “The Future in 60 Minutes” initiative, which includes a series of 60-minute lectures to discuss various topics on vital aspects of the UAE’s strategy to predict the future. The Future in 60 Minutes initiative will host international experts speaking on the subject of predicting the future, who will provide a …

  Read More »
• 16 April

  ‘Japan stock gloom overdone’

  

    Bloomberg Japanese stocks have been battered so badly that they’re too cheap to ignore, says the $165 billion investor Pictet Asset Management Ltd., after the Topix index tumbled to its fifth straight weekly loss. “It’s a buying opportunity,” Hiroshi Matsumoto, head of Japan investment at the money manager, said in a phone interview from Tokyo. Matsumoto gave two reasons …

  Read More »
• 16 April

  Cohn’s Goldman shares sold as he touted financial overhaul

    Bloomberg On the same day that President Donald Trump’s top economic adviser, Gary Cohn, publicly promoted the administration’s plans to overhaul financial regulations, part of Cohn’s stake in Goldman Sachs Group Inc. was sold, according to federal financial-disclosure documents. The bank’s share price rose that day by 4.5 percent on news of the planned regulatory review, as other financial-industry …

  Read More »
• 16 April

  United Airlines changes crew booking policy

  

    Bloomberg United Continental Holdings Inc. changed its policy on employee travel and will now ensure crews riding on its aircraft as passengers are booked at least 60 minutes before departure, according to a statement from the company. The change, issued Friday, came after the backlash created by a video showing a United passenger being pulled from his seat and …

  Read More »
• 16 April

  Cebu Pacific offers lowest Dubai-Manila all-in fares

  

    Dubai / Emirates Business The Philippines’ leading airline, Cebu Pacific, offers a special all-in seat sale for its flights from Dubai to the Philippines. For as low as AED149 all inclusive, travelers from Dubai can fly non-stop to Manila from September 1 to March 31, 2018. The sale period runs from April 16 to April 22, or until seats …

  Read More »
• 16 April

  JetBlue founder backs overbooking

  

    Bloomberg Overbooking is a necessity for the airline industry, according to Azul SA Chief Executive Officer and JetBlue Airways Corp. founder David Neeleman. “There are a lot of no-shows,” Neeleman said at the New York Stock Exchange, shortly after Azul went public. Shares closed up 7.2 percent from their offering price in U.S. trading. “What would hurt the airlines …

  Read More »
• 16 April

  Spirit Airlines to cut back on Cuba flights

    FORT LAUDERDALE / AP Low-cost Spirit Airlines is the latest carrier to cut flights to Cuba. The Miramar-based airline began serving Havana on December 1 with twice-daily flights from Fort Lauderdale-Hollywood International Airport. But Spirit President and CEO Bob Fornaro said that “the costs of serving Havana continue to outweigh the demand for service.” The airline will reduce its …

  Read More »
• 16 April

  Electric grid study ordered by US energy chief to boost coal

  

    Bloomberg US Energy Secretary Rick Perry is ordering a study of the US electric grid, with an eye to examining whether policies that favor wind and solar energy are accelerating the retirement of coal and nuclear plants critical to ensuring steady, reliable power supplies. The 60-day review, which Perry set in motion on Friday, comes as regulators increasingly wonder …

  Read More »
• 16 April

  GE Oil & Gas, GPIC sign pact on Bahrain plant

  

    BAHRAIN / EMIRATE BUSINESS GE Oil & Gas (NYSE: GE) has signed a long-term multi-outage agreement with Gulf Petrochemical Industries Company (GPIC), to drive the operational excellence of GPIC’s plant in Bahrain. The partnership will strengthen the competency of GPIC to supply products including ammonia and methanol that drive the growth of downstream industries and contribute to Bahrain’s national …

  Read More »
• 16 April

  Billionaire bets on old-school energy in $3bn Conoco deal

  

    Bloomberg With a $3 billion purchase from ConocoPhillips, billionaire oilman Jeffrey Hildebrand is once again trying to succeed in a corner of the oil and gas world others are leaving behind. Hildebrand’s Hilcorp Energy Co. agreed to buy the fields in the San Juan Basin, taking on holdings in the southwestern US that Conoco sees as less appealing given …

  Read More »