June, 2018

• 18 June

  JetBlue founder raising funds for new low-cost airline in US

  

  Bloomberg David Neeleman, who started JetBlue Airways Corp. with $100 million in 2000, is raising money to launch a new low-cost carrier focussed on secondary airports in the US, according to Airline Weekly. The airline, to be called Moxy Airways, has secured orders for 60 Bombardier CS300 aircraft, the trade journal reported, citing people familiar with the matter. The first ...

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• 18 June

  Boeing 737 pitted against China’s spacecraft amid trade war

  

  Bloomberg Chinese spacecraft face steep new US tariffs unveiled by the Trump administration. The same goes for “turbojet” engines and large airliners like the Comac C919. The US doesn’t import any of these items, and the Chinese industries creating them are just beginning to establish themselves on the global stage. The list of newly taxed items appears aimed at years, ...

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• 17 June

  ERC begins aid distribution

  HUDEIDAH / WAM The Emirates Red Crescent (ERC) began distribution of urgent humanitarian supplies to civilians in liberated areas of Hodeida, announced HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region, Chairman of Emirates Red Crescent. The distribution of aid in Hodeida’s liberated areas aims to ease the suffering of the Yemeni civilians who continue to ...

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• 17 June

  UAE, Zimbabwe sign cooperation agreements

  HARARE / WAM The UAE and Zimbabwe signed in Harare, the capital of Zimbabwe, two agreements related to protecting and encouraging investment and avoiding double income taxation, as well as an MoU on the marketing and supply of energy. Reem bint Ibrahim Al Hashemy, Minister of State for International Cooperation, sig-ned both agreements for the UAE while Dr Sultan bin ...

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• 17 June

  European banks eyeing mergers face gridlock

  

  Bloomberg The European Central Bank (ECB) and the lenders it oversees are running out of time in their push for rules to foster cross-border mergers. European Union regulations need to change so consolidation makes financial sense, the ECB and firms say. But their shared urgency has been stymied by politicians from Germany and smaller states who want to make sure ...

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• 17 June

  UAE delegation participates in Poland maritime event

  ABU DHABI / WAM The UAE participated in “World Maritime Day,” which was held in Szczecin, Poland, under the slogan, “our legacy to achieve better maritime transportation for better shipping.” The event was organised by the Ministry of Maritime Economy and Internal Navigation of Poland, in cooperation with the International Maritime Organisation (IMO). The UAE delegation was led by Dr ...

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• 17 June

  36 projects receive funding for MBR ‘space settlement challenge’

  Dubai / WAM Will we be living in cities built by robots in the caves of Mars? Could mushrooms be the key to delicious meals off planet? These and other questions will be explored by some of the world’s best scientists, who recently won the MBR space settlement challenge. The Dubai Future Foundation’s new think tank, the Mohammed Bin Rashid ...

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• 17 June

  FTA’s updated website to allow users to connect directly with ‘tax agents’

  

  Abu Dhabi / WAM The Federal Tax Authority (FTA) has developed its e-Services to include new features allowing Taxable Persons to link their accounts with an accredited Tax Agency, authorising it to carry out registration procedures, submit tax returns, and complete tax transactions on behalf of the Taxable Person, who is kept posted with real-time updates. In a press statement ...

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• 17 June

  Emirates launches new daily service to Auckland via Bali

  

  Dubai / Emirates Business Emirates launched a new daily service from Dubai to Auckland via Bali, reflecting increased interest in the attractive Indonesian island destination and improving connectivity to New Zealand. The new service offers global travellers a total of three daily services to New Zealand, complementing Emirates’ existing non-stop daily A380 service between Dubai and Auckland and its current ...

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• 17 June

  UAE takes part in ‘World Maritime Day’ in Poland

  Abu Dhabi / WAM The UAE participated in “World Maritime Day,” which was held in Szczecin, Poland, under the slogan, “Our Legacy to Achieve Better Maritime Transportation for Better Shipping.” The event was organised by the Ministry of Maritime Economy and Internal Navigation of Poland, in cooperation with the International Maritime Organisation, IMO. The UAE delegation was led by Dr. ...

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