May, 2019

• 1 May

  Qantas CEO commits to three more years at helm

  

  Bloomberg Qantas Airways Ltd Chief Executive Officer Alan Joyce committed to stay on for at least three more years, extending his tenure to the planned start of groundbreaking non-stop flights halfway round the world. A spokesman for the Australian airline confirmed a report in the Sydney Morning Herald that said Joyce, 52, made the pledge at the request of the ...

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• 1 May

  Next cruises through UK ‘high street’, Brexit

  Bloomberg Amid all the precariousness of Brexit and talk of the death of the high street, a humble clothing seller counters the pessimism as one of the UK’s best-performing blue chips of 2019. Next Plc shares are up 44 percent year-to-date, the second-biggest gainer on the benchmark FTSE 100 index. The stock held onto those gains as the company said ...

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• 1 May

  Heathrow runway overcomes Mayor, protesters’ opposition

  

  Bloomberg London Heathrow, Europe’s busiest airport, saw off an attempt by environmental groups to block construction of a third runway that it says is needed to boost flights and compete with rival hubs trying to steal its traffic. Construction, which was challenged by Friends of the Earth, London Mayor Sadiq Khan and other groups after the UK government approved the ...

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April, 2019

• 30 April

  Sharjah non-oil GDP hit AED89b in 2018

  

  SHARJAH / WAM The Sharjah’s 2018 non-oil GDP hit AED89 billion, according to an analytical report on the results of Sharjah’s economy in 2018 issued by Sharjah Economic Development Department (SEDD), with all non-oil sectors accounting for 91.9 percent of the GDP. The report indicated an increase in the volume of general production in the emirate in 2018 to about ...

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• 30 April

  Investcorp buys properties in US worth $170mn

  

  MANAMA / WAM Investcorp on Tuesday announced that its US-based real estate investment team acquired a portfolio of eight single-tenant distribution pr-operties in various locations across US for a combined purchase price of approximately $170 million. The properties in the portfolio total 1.4 million square feet and are 100 percent leased. “We are pleased to add these properties to our ...

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• 30 April

  Adnoc mulls multi-billion dollar gas pipeline deal

  

  Bloomberg Abu Dhabi National Oil Co. (Adnoc) is seeking to raise billions of dollars from its natural-gas pipelines, months after the state-owned explorer got a $4 billion investment in its oil infrastructure assets, according to people familiar with the matter. Adnoc is speaking to financial advisers about bringing in international investors for the pipelines, which could help raise $5 billion ...

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• 30 April

  Oil rises as Saudi signals supply cuts extension, Venezuela crisis deepens

  

  Bloomberg Oil rose as Saudi Arabia signalled Opec and its allies could extend supply cuts to the end of the year, while Venezuela’s opposition leader called for a military uprising. Crude futures added 1.5 percent in New York. Saudi Energy Minister Khalid Al-Falih said that the Organisation of Petroleum Exporting Countries and its partners remain focussed on reducing oil inventories, ...

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• 30 April

  AI crucial for economic success: Forbes Insights

  

  DUBAI / WAM Forbes Insights has revealed the latest findings of its State of Artificial Intelligence (AI) in the Middle East report in partnership with Ai Everything, at the two day Artificial Intelligence Summit, which concludes on Wednesday at the Dubai World Trade Centre. The report was launched to an audience of elite technologists, global AI leaders, c-suite executives and ...

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• 30 April

  Morocco wins ‘best stand design’ award at ATM 2019

  

  Dubai / Emirates Business It’s hard to stand out from the crowd when you’re one of 2,800 exhibitors – but the Moroccan National Provincial Tourist Office has been adjudged the Best Stand Design for its authentic representation of a typical Moroccan house at Arabian Travel Market 2019. Reproducing elements of both a ‘riad’ and a ‘dar’, the Moroccan stand featured ...

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• 30 April

  Etihad partners with Visit California

  

  Abu Dhabi / WAM Etihad Airways has partnered with ‘Visit California’ to promote the golden state to travellers from around the world. The agreement was announced this week at the Arabian Travel Market in a signing ceremony with Robin Kamark, Chief Commercial Officer of Etihad Aviation Group, and Caroline Beteta, President and CEO of Visit California. The partnership will involve ...

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