April, 2019

• 17 April

  FAA sees no need for new 737 Max simulator training

  

  Bloomberg A board of pilot experts appointed by US aviation regulators has reviewed Boeing Co’s proposed software fix for the grounded 737 Max aircraft and concluded that pilots won’t need additional simulator training once the plane is returned to service. The report by a Federal Aviation Administration Flight Standardization Board is an important first step in reviewing the still-unfinished upgrade ...

  Read More »
• 17 April

  Jet Airways halts flights after wrestling with debt

  

  Bloomberg Jet Airways India Ltd suspended operations after the cash-strapped carrier that once ranked as the nation’s biggest by market value failed to secure a bailout. The Mumbai-based company has taken a decision to halt flights on a “temporary” basis from Thursday, it said in a statement, when the last service was scheduled to take place. “Since no emergency funding ...

  Read More »
• 17 April

  Cathay earmarks A321neo aircraft for China expansion

  Bloomberg Cathay Pacific Airways Ltd intends to deploy Airbus SE A321neo planes scheduled for delivery starting 2020 on Chinese routes, part of a plan that will help the carrier manage costs while expanding and upgrading its network. Through the use of data technology and more fuel-efficient aircraft, Cathay has managed to increase its revenue per seat mile by about 7 ...

  Read More »
• 17 April

  L’Oreal Asian sales overtake Europe for first time

  

  Bloomberg L’Oreal SA got more revenue from Asia than from western Europe for the first time last quarter as the region’s surging demand for luxury products continued to resist the drag of a slower Chinese economy. The shift for the maker of products like Maybelline mascara and Acqua di Gio Armani cologne is the latest example of how French companies ...

  Read More »
• 16 April

  Saudi firm to launch biggest IPO in 5 years

  

  Bloomberg Fawaz Alhokair Group, the Saudi retailer that owns the franchise for brands like Banana Republic and Zara, may raise as much as $1 billion from the share sale of its malls unit in what would be the kingdom’s biggest initial public offering in five years. Arabian Centres Co. said Tuesday that it will sell 65 million existing shares and ...

  Read More »
• 16 April

  Citi announces opening of new offices at ADGM

  

  Abu Dhabi / Emirates Business Citi announces the opening of its new offices at the Abu Dhabi Global Market (ADGM), Abu Dhabi’s international financial centre. HE Ahmed Ali Al Sayegh, ADGM Chairman, attended the inauguration ceremony, joining Citi executives David Livingstone, CEO for Europe, Middle East and Africa; Atiq Rehman, CEO for Middle East and Africa; and Elissar Farah Antonios, ...

  Read More »
• 16 April

  Blue Star opens new showroom in Dubai

  

  Dubai / Emirates Business Air conditioning and commercial refrigeration major, Blue Star Limited’s wholly owned subsidiary in Dubai, Blue Star International FZCO, through its subsidiary Blue Star Systems and Solutions LLC, announced the inauguration of its new office and its first state-of-the-art flagship showroom in Dubai. Blue Star International FZCO, headquartered in Dubai, manages the international business operations of Blue ...

  Read More »
• 16 April

  Emirates, Africa World Airlines ink interline pact

  DUBAI / WAM Emirates Airline and Ghana’s Africa World Airlines (AWA), have announced a one-way interline agreement whereby Emirates customers can connect onto selected routes of Africa World Airlines’ network, opening up new African destinations for Emirates customers from May 2019. “The agreement between Emirates and Africa World Airlines underpins our commitment to provide greater connectivity across West Africa. This ...

  Read More »
• 16 April

  Emirates NBD celebrates $1bn listing of bond on Nasdaq Dubai

  

  Dubai / WAM Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of Emirates NBD, rang the market-opening bell on Tuesday at Nasdaq Dubai to celebrate the listing of $1 billion conventional bond. The capital raised by the issue supports Emirates NBD’s regional and international business across diverse services including retail, wholesale and investment banking, private banking, asset management, global ...

  Read More »
• 16 April

  UAE, Czech Republic discuss ways to boost economic ties

  

  ABU DHABI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, discussed ways of reinforcing the economic and commercial ties between the UAE and the Czech Republic, as well as partnership opportunities and the exchange of expertise between their public and private sectors, to serve their economic goals. The discussion took place during a meeting between Al Mansouri and ...

  Read More »