October, 2018

• 6 October

  Malaysia Airlines chairman to leave by end of this year

  

  Bloomberg Mohammed Nor Md Yusof, chairman of Malaysia Airlines Bhd., is planning to leave the state-owned carrier by the end of this year, people familiar with the matter said. Mohammed Nor, who was named chairman of Malaysian pilgrims fund Lembaga Tabung Haji in July, plans to focus on that role after leaving the airline, said one of the people, who ...

  Read More »
• 6 October

  Age of air taxis is getting closer: Boeing

  

  Bloomberg Boeing Co. says the age of air taxis is getting closer. A prototype will be in the air next year, Chief Executive Officer Dennis Muilenburg said. The planemaker is also working with regulators to develop a traffic-management system for the aircraft in five years. “Think about a future in which you will have three-dimensional highways to relieve traffic congestion,’’ ...

  Read More »
• 6 October

  Etihad Airways revamps popular children’s packs

  

  Abu Dhabi / Emirates Business­­­­­ Etihad Airways is reinforcing its partnership with leading wildlife charity, Born Free, by refreshing its popular ‘Etihad Explorers’ children’s packs, which now include an activity booklet developed with Born Free. The aim is to provide the airline’s younger guests with a greater understanding of animal welfare and how they can play a part in reducing ...

  Read More »
• 3 October

  Federal ministries’ revenue reaches AED39bn in H1

  ABU DHABI / WAM UAE Federal ministries have reported total revenues of AED39 billion during H1 2018, with implementation at 75.9 percent of the total actual budget of AED51.388 billion, according to the general budget implementation financial perfor- mance report released by the Ministry of Finance. Expenditures amounted to AED33.2 billion, with the ministries recording 64.6 percent of implementation, achieving ...

  Read More »
• 3 October

  UAE is largest emergency aid donor to Yemen in 2018

  ABU DHABI / WAM The UAE has been once again ranked as the largest donor of emergency humanitarian assistance to Yemen in the world for 2018. According to the Financial Tracking Service (FTS), a centralised source of information on humanitarian funding flows, the UAE is also the second-largest source supporting the 2018 Yemen Humanitarian Response Plan (YHRP), following Kingdom of ...

  Read More »
• 3 October

  Etihad launches new airport lounge brand

  

  ABU DHABI / WAM Etihad Airways has launched a contemporary airport lounge brand in partnership with No1 Lounges. To be known as ‘The House’, the project is the result of a unique collaboration between the airline and award-winning lounge provider, which will operate the new brand. The project begins at London Heathrow, where Etihad Airways’ lounge will be rebra-nded ‘The ...

  Read More »
• 3 October

  Cityscape: UAE developers exhibit $10.5bn projects

  

  Dubai / Emirates Business Taking advantage of the region’s largest gathering of real estate professionals, developers took to the halls of the Dubai World Trade Centre to announce and showcase projects worth billions of dirhams. Out of the 300 companies at Cityscape Global, five local developers have exhibited projects worth a total AED38.7 billion ($10.54bn) making up a large portion of ...

  Read More »
• 3 October

  Abu Dhabi’s Sanad AD invests in local F&B firm

  ABU DHABI / WAM Abu Dhabi based investment company (Sanad AD) on Wednesday announced a minority investment in local food and beverage company, Slices. The strategic new partnership is expected to help Slices in its continuing crusade to provide wholesome, nutritious meals within the education sector, across schools in Abu Dhabi, Al Ain, Dubai and Sharjah —improving the health of ...

  Read More »
• 3 October

  UAE private sector sees steady expansion in Q3

  

  Dubai / Emirates Business The September data for Emirates NBD Purchasing Managers’ Index (PMI) for the UAE was released on Wednesday. The survey, compiled by IHS Markit, contains original data collected from a monthly survey of business conditions in the UAE non-oil private sector. Commenting on the UAE PMI survey, Khatija Haque, Head of MENA Research at Emirates NBD, said: ...

  Read More »
• 3 October

  Cloud, Microsoft ecosystem set to create 55,000 jobs in UAE by 2022

  

  Dubai / Emirates Business Microsoft’s technology ecosystem and the growing popularity of cloud services will create more than 55,000 jobs in the United Arab Emirates by the end of 2022, according to new research by the International Data Corporation (IDC). The study also covers findings from other Middle Eastern markets such as Saudi Arabia and Bahrain. IDC’s white paper analyses ...

  Read More »