March, 2019

• 24 March

  India taps indebted Jet Air’s rivals to take over planes

  

  Bloomberg India is mulling options to save jobs at Jet Airways India Ltd including asking low-cost carrier SpiceJet Ltd to consider taking over some of the debt-laden company’s aircraft, people with knowledge of the matter said. The proposal involves SpiceJet, led by Chairman Ajay Singh, acquiring as many as 40 of Jet Airways’ grounded planes that are owned by lessors, ...

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• 24 March

  Portuguese airline TAP prepares for IPO

  

  Bloomberg Portuguese airline TAP, partially privatised by the government in 2015, said it’s preparing for an initial public offering. The carrier, part-owned by airline tycoon David Neeleman, is readying itself for a sale but can’t be sure when that might be, Chief Executive Officer Antonoaldo Neves said at a press conference in Lisbon. “We’re preparing the company so that when ...

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• 24 March

  Avon rises as Natura confirms possible deal

  

  Bloomberg Avon Products Inc spiked after rival Natura & Co confirmed that it has engaged in talks with Avon about a “potential transaction,” without giving further details. The confirmation, made in a regulatory filing, comes hours after the Wall Street Journal reported Avon and Natura were in early discussions about a potential sale that could put the cosmetics maker and ...

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• 23 March

  Adnoc, Austrian firms expand petchem ties

  

  ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) signed, on Saturday, two memoranda of understanding with OMV and one MoU with Borealis to explore new opportunities for collaboration in the downstr-eam sector. The signing of agr-eements was attended by HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the ...

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• 23 March

  Oil hits 3-week low on global slowdown fears

  

  Bloomberg Oil fell the most in three weeks as disappointing economic data sowed new fears of slowing global growth. West Texas Intermediate futures in New York dropped 1.6 percent, paring the week’s gain to less than 1 percent. Weaker than expected manufacturing data from Germany and France cast fresh doubts on Europe’s economic outlook, dragging equities down. The US treasury ...

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• 23 March

  ADX keen to boost listed firms’ ties with investors

  ABU DHABI / WAM As part of Abu Dhabi Securities Exchange (ADX) held a workshop for listed companies on enhancing relations between listed companies and investors and the role of investor relations manager in this regard in line with international best practice. The workshop comes as part of ADX’s efforts to enhance the role of investor relations in listed companies ...

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• 23 March

  Big Heart Foundation provides AED58 million in aid worldwide

  

  Sharjah / Emirates Business The Big Heart Foundation (TBHF), a Sharjah-based global humanitarian organisation dedicated to helping people in need worldwide, announced that it provided total support worth AED 58 million, to help over 1,091,000 people across 12 conflict-affected countries, in the year 2018. The funds focused on supporting vital sectors including education, healthcare, and food security, thereby rehabilitating underprivileged ...

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• 23 March

  Abu Dhabi set to host international conference on obstetrics, gynecology

  

  Abu Dhabi / Emirates Business Abu Dhabi will host the 2nd Obstetrics, Gynecology and Fertility International Conference from March 28 to 29 at the Abu Dhabi National Exhibition Center (Adnec), with the participation of seven international experts from the University College London Hospitals (UCLH), and leading medical institutions in UK, Switzerland, Lebanon and the UAE. During the conference, organised by ...

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• 23 March

  Etisalat honours ‘SMB Awards’ 2018 winners

  

  DUBAI / Emirates Business Etisalat announced the winners of its inaugural ‘SMB Awards 2018’ in Grand Gala event to recognise and celebrate the outstanding achievements of small and medium businesses (SMBs) and start-ups in the UAE. The prestigious inaugural awards function was attended by Ali Ibrahim, Deputy Director General, Department of Economic Development, Dubai and Abdul Baset Al Janahi, CEO, ...

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• 23 March

  Deal signed to spur Abu Dhabi digital transformation efforts

  

  Abu Dhabi / WAM Abu Dhabi Smart Solutions and Services Authority (ADSSSA) signed a strategic new Memorandum of Understanding (MoU) with Hewlett Packard Enterprise (HPE) on Saturday to accelerate the Abu Dhabi Government’s digital transformation efforts. The agreement was signed by Dr Rauda Al Saadi, Director General, ADSSSA and Fabio Fontana, Vice President and Managing Director, HPE Middle East, in ...

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