April, 2019

• 24 April

  dnata invests in US catering operations

  

  Dubai / WAM Dubai-based dnata has opened a new, 4,700 square metre facility at George Bush Intercontinental Airport (IAH), and now offers catering services in Houston with a capacity of more than 10,000 meals a day. dnata’s latest expansion will create more than 150 new jobs with the company. The launch customer is British Airways, which operates two daily flights ...

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• 24 April

  Hamdan issues new regulation for testing self-driving vehicles

  

  Dubai / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has issued the Council’s Resolution No. (3) of 2019 that regulates autonomous vehicle testing in Dubai. The new Resolution, the first such initiative in the region, is part of the first phase of a legislative framework being created ...

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• 24 April

  Emirates to serve one million dates during Ramadan

  

  Dubai / Emirates Business Emirates’ signature Ramadan service is expected to begin on May 5th to coincide with the start of the Holy month. During Ramadan, the airline expects to serve 1 million dates to customers during iftar and suhoor, both on board and on the ground in Dubai. Emirates’ Ramadan service consists of specially crafted iftar meals on board, ...

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• 24 April

  Emaar Hospitality to open five new hotels in Dubai

  

  Dubai / Emirates Business Emaar Hospitality Group, the hospitality and leisure business of global developer Emaar Properties, on Wednesday announced that it will open four new hotels in Dubai under its premium luxury Address Hotels + Resorts and upscale lifestyle Vida Hotels and Resorts, this year. Further, Rove Hotels, the joint venture of Emaar Properties and Meraas, will open a ...

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• 24 April

  Abu Dhabi book fair opens its doors to public

  

  Abu Dhabi / WAM HH Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, inaugurated the 29th edition of Abu Dhabi International Book Fair (ADIB), on Wednesday at the Abu Dhabi National Exhibition Centre (Adnec). The event is being held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown ...

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• 24 April

  SoftBank to invest $1bn in payments firm Wirecard

  

  Bloomberg SoftBank Group Corp’s $1 billion bet on Wirecard AG is a boon for the battered German digital-finance firm and secures a major European partner for the Japanese tech conglomerate that’s bulking up in mobile payments. For SoftBank, the agreement furthers its transformation from a telecommunications operator into a technology investor under founder Masayoshi Son. For Wirecard, the investment means ...

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• 24 April

  Ruyi’s Lycra starts preparations for $500mn US IPO

  

  Bloomberg Ruyi Group has started preparing an initial public offering for The Lycra Co, months after acquiring the maker of the elastic material used in jeans and yoga pants, people familiar with the matter said. The Chinese group is working with Goldman Sachs Group Inc as it explores the potential deal, which could raise about $500 million, according to the ...

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• 24 April

  UK to toughen rules on Huawei

  

  Bloomberg Britain is set to toughen the rules under which Huawei Technologies Co operates in the country while stopping short of an outright ban on the Chinese telecom equipment maker, according to people familiar with the matter. The measures, designed to address concerns that Chinese intelligence could use Huawei’s systems to spy on other countries, are expected to involve closer ...

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• 24 April

  India court lifts ban on Bytedance’s TikTok

  Bloomberg A court in Indian state of Tamil Nadu overturned a ban on TikTok video-sharing app after accepting its maker Bytedance’s petition for interim relief. The app will now be made available for downloads in the world’s fastest-growing smartphone market with certain safeguards until a final decision is made. The app was banned out of concern it exposed children to ...

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• 24 April

  Hyundai returns to earnings growth on rising SUV demand

  Bloomberg Hyundai Motor Co increased its operating profit for the first time in six quarters, helped by strong demand for new sport utility vehicles (SUV) and decreasing incentive spending in the US. First-quarter operating profit climbed to 824.9 billion won ($718 million), compared with the average analyst estimate of 777.3 billion won. After defeating activist Elliott Management Corp in a ...

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