April, 2017

• 3 April

  UAE airports forecast 6.3% passenger growth

  

    Emirates Business Despite sluggish global economic growth, low oil prices, ‘Trumponomics’ and Brexit, the UAE will lead Middle East passenger growth in 2017 with an annual increase of more than 6.3%, according to estimates from the International Air Transport Association (IATA). However, aviation-related discussions during Arabian Travel Market this year will no doubt be dominated by the recent US-led …

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• 3 April

  Etihad says US bookings healthy despite laptop ban

  

    DUBAI / Reuters Etihad Airways’ bookings to the United States are healthy despite last month’s introduction of a ban on most electronics from the cabins of passenger flights to the United States, the Abu Dhabi carrier said on Monday. On March 25, the U.S. banned electronic devices larger than a mobile phone from passenger cabins on direct flights to …

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• 3 April

  McDonald’s may be next on EU tax menu

  

      Bloomberg A European Union probe into McDonald’s Corp. is entering its final stages after officials gathered information on whether the Big Mac maker unfairly benefited from a hefty tax break in Luxembourg, according to people familiar with the case. The European Commission may be moving ahead with a decision in the McDonald’s case before the EU’s summer break …

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• 3 April

  It’s curtains down at India’s decades-old theatre!

  

    NEW DELHI / AP From Bollywood superstars to political heavyweights, the Regal theater hosted some of India’s biggest names over more than eight decades. But with nostalgic theater-goers singing their way to the exits after a final showing of a Bollywood classic, the iconic New Delhi theater has closed its doors to make way for a multiplex. “It’s the end …

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• 2 April

  UAE remains favourite FDI destination: VP

  

    ABU DHABI / WAM Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum on Sunday visited an exhibition held as part of the 7th Annual Investment Meeting, AIM 2017, a world-leading, emerging markets’ foreign direct investors platform under the theme, “International Investment and Competitiveness”. As many as 250 companies …

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• 2 April

  ADX achieves 100% in disclosure compliance

    Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX), announced on Sunday that it has succeeded in achieving a compliance rate of 100 percent regarding the disclosure of the annual financial statements of its listed public joint stock companies within the deadline of 90 days from the end of the fiscal period. All public, and private, listed companies listed …

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• 2 April

  Abu Dhabi lenders merge to create UAE’s biggest bank

    Bloomberg First Gulf Bank PJSC and National Bank of Abu Dhabi PJSC completed a merger to create the United Arab Emirates’ biggest bank with assets of $180 billion, with the new entity to be called First Abu Dhabi Bank. The lender began trading on the Abu Dhabi Securities Exchange on Sunday under the ticker NBAD, with shares up 1.5 …

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• 2 April

  UAE plastics industry growth fastest in GCC

  

    DUBAI / Emirates Business The UAE plastics industry is the fastest growing in the GCC, growing by 24.2% per annum in the past decade. This is according to the ‘GCC Plastic Industry Indicators 2016’ report due to be released at the 8th edition of GPCA PlastiCon by Gulf Petrochemicals and Chemicals Association (GPCA), the go to resource for industry …

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• 2 April

  Imdaad, Dubai Maritime City sign AED 4 million contract

    DUBAI / Emirates Business Imdaad, the GCC’s leading integrated facilities management (FM) company based in Dubai, was recently awarded a three-year contract worth approximately AED 4 million by the iconic Dubai Maritime City, a sole specialized maritime cluster for UAE and GCC and dubbed as world’s first maritime center. Under terms of their agreement, Imdaad will deliver integrated FM …

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• 2 April

  Serb election gives Putin ally chance to tighten grip on power

  

    Bloomberg Serbians voted on Sunday in an election that looks set to hand Premier Aleksandar Vucic the presidency, a move that may let him strengthen his grip on power and give Russia a chance to deepen its influence in southeastern Europe. Vucic, who served as war-time ruler Slobodan Milosevic’s information minister in the 1990s, is poised to shift from …

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