March, 2019

• 20 March

  Emirates adds four more weekly flights to Cairo

  Dubai / WAM Emirates announced it will increase the frequency of flights between Dubai and Cairo, adding four additional flights a week to its existing thrice-daily service, starting 28th October, 2019. The four new flights operating on Monday, Wednesday, Thursday and Saturday, will take the total number of weekly Emirates flights serving Cairo to 25. Similar to the current service, ...

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• 20 March

  Al Habtoor Motors offers customers ‘peace of mind’

  

  Dubai / Emirates Business Al Habtoor Motors-Mitsubishi focuses on offering customers absolute peace of mind with its new March promotion. “Drive For A Year Free” promotion offers Mitsubishi customers opting from an extensive range of cars and SUV’s – Free Petrol, Free Salik and Free Service for one whole year. Additionally, they also get benefits like Warranty, Free Llumar tinting ...

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• 20 March

  Al Mazrouei outlines 24th World Energy Congress agenda

  

  Dubai / WAM With less than six months to go until the start of the 24th World Energy Congress, Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and Industry, outlined a Congress that will bring together the entire global energy ecosystem – government and industry leaders from Asia and Africa, investors, innovators, students and young professionals among many ...

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• 20 March

  Oil rally stalls near $59 as US-China trade jitters return

  

  Bloomberg Oil’s rally stuttered as uncertainty over the status of trade negotiations between the US and China stoked concerns over global economic growth. Futures for May fell as much as 1.2 percent in New York. China was said to be pushing back against American demands, raising speculation that trade tensions between the world’s biggest economies will persist. Still, the price ...

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• 20 March

  Brazil expects Petrobras payout surpassing $18bn

  

  Bloomberg Petrobras is expected to receive more than $18 billion from a mixture of government and private sources as payment for oil reserves, people familiar with the matter said, potentially resolving a dispute that has dragged on since 2013. Brazil’s government anticipates that companies seeking to join in deep-water oil projects would need to pay Petrobras more than $9 billion, ...

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• 20 March

  BMW warns of profit slump in 2019, sets $14bn savings plan

  

  Bloomberg BMW AG warned earnings will fall “well below” last year’s level, and embarked on a 12 billion-euro ($14 billion) efficiency drive to offset impact of trade conflicts and unprecedented spending on electric cars. The shares fell the most since September after the German luxury carmaker said on Wednesday that pretax profit is expected to decline by more than 10 ...

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• 20 March

  Viacom warns blackout of DirecTV unless companies reach new pact

  

  Bloomberg Viacom Inc. is warning pay-TV customers of AT&T Inc. that they could lose access to channels such as Nickelodeon and MTV unless the companies reach a new programming agreement. The current contract between the parties expires on Friday, Viacom said in an email. The media company began activating a “crawl” message on its networks, alerting customers of the looming ...

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• 20 March

  BP taps into solar power

  

  Bloomberg BP Plc may become the next oil giant to power operations with clean energy. The London-based company is in talks with a solar developer it partially owns, Lightsource BP, to buy power in the US, according to executives at the renewable company. A contract may be signed within six months, Lightsource BP Chief Commercial Officer Katherine Ryzhaya said. “It’s ...

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• 20 March

  Fiat recall causes ‘supply shock’ in palladium

  Bloomberg Fiat Chrysler Automobiles NV’s recall of 862,520 gasoline-fuelled vehicles could spur additional demand for the palladium market that’s already reeling from shortages. Replacing the catalytic converters in these vehicles would require an additional 77,000 ounces of palladium, said Miguel Perez-Santalla, sales and marketing manager at refiner Heraeus Metals New York LLC. Prices of the metal that’s used to curb ...

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• 20 March

  Norsk Hydro set to restart systems after cyber attack

  

  Bloomberg Norsk Hydro ASA said it made progress in securing its computer systems after the Norwegian aluminum maker was hit by a ransomware cyber attack. The company plans to restart overnight some systems in divisions that make finished metal, which should help it continue deliveries to customers. It has detected the “root cause” of the attack, but doesn’t know how ...

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