April, 2018

• 15 April

  Hundreds of flights disrupted as spring storm hits US Midwest

  Bloomberg Hundreds of flights were disrupted Saturday as a severe spring storm threatened to dump record snowfall on parts of the Midwestern US, while ice and freezing rain hit Canada’s Ontario province. Minneapolis-St. Paul International Airport, a regional hub for Delta Air Lines, has had to slow or halt aircraft throughout the day, contributing to about 350 cancelled flights, according ...

  Read More »
• 15 April

  Boeing joins the fray in race for world’s biggest fighter jet deal

  

  Bloomberg Boeing Co. proposed to build fighter jets in India along with two local firms, as the US giant prepares to bid for the world’s biggest combat aircraft order, joining the likes of Lockheed Martin Corp. and Saab AB. Boeing will partner state-run Hindustan Aeronautics Ltd. and Mahindra Defense Systems to manufacture the F/A-18 Super Hornet in India at a ...

  Read More »
• 15 April

  Tax cuts halt 3-month retreat in US retail sales

  

  Bloomberg Tax cuts have given a boost to Americans’ take-home pay this year. The question hanging over the US economy is whether they are putting the extra cash towards savings and debt, or using it to go shopping. Retail-sales data due on Monday from the Commerce Department will help provide an answer, and economists are betting that consumers finally opened ...

  Read More »
• 15 April

  Rolls-Royce, airlines grapple with more Dreamliner engine issues

  

  LONDON / Reuters Rolls-Royce requires more money and more inspections to fix problems with Trent 1000 engines on Boeing 787 Dreamliner planes, leading to further disruption for airlines and testing relations between Rolls and its customers. Problems with engine turbine blades wearing out sooner than expected have hampered a restructuring programme prompted by the engineering company’s declining older engine programmes ...

  Read More »
• 14 April

  Dubai realty transactions reach AED58 billion in Q1

  

  DUBAI / WAM The Dubai Land Department (DLD) revealed that real estate transactions in Dubai for the first three months of 2018 totalled AED58 billion through 13,759 sales. Commenting on the announcement, Sultan Butti bin Mejren, Director-General of DLD, said, “The Dubai real estate market continues to show continuous growth, driven by general optimism and confidence in the real estate ...

  Read More »
• 14 April

  Deyaar revenues, profit up 25%

  DUBAI / WAM Deyaar on Saturday announced its preliminary unaudited financial results for the first quarter of 2018, ending on March 31, 2018. Deyaar reported a year-on-year increase in revenues by nearly 25 percent to over AED176 million for the first quarter of 2018, compared to AED142 million last year. Deyaar reported a healthy rise in net profit by more ...

  Read More »
• 14 April

  Sharjah Islamic Bank receives ISO certification

  SHARJAH / WAM Sharjah Islamic Bank (SIB) has been awarded the ISO 27001 Certification, and is among few in the region to have been given this accolade. ISO 27001 is a globally recognised standard for “Information Security Management System” and provides the accreditation on SIB’s security practices to customers, regulators, partners and other stakeholders and ensures that SIB is aligned ...

  Read More »
• 14 April

  Saudi, Chinese firms sign contract to build 4th phase of Dubai solar park

  

  SHANGHAI / WAM Saudi Arabia’s ACWA Power and China’s Shanghai Electric have signed an Engineering, Procurement, and Construction (EPC) contract for the 700MW fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park. Saeed Mohammed Al Tayer, Managing Director and CEO of Dubai Electricity and Water Authority (DEWA), said, “I am pleased to be here today (Saturday) in Shanghai ...

  Read More »
• 14 April

  FAHR event to host 500 experts from HR sector

  Dubai / Emirates Business Under the patronage of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, the 8th edition of FAHR International Conference begins this Monday, at the Jumeirah Emirates Towers Hotel in Dubai. The FAHR International Conference & Exhibition is the Middle East’s largest government HR event held by the Federal Authority for ...

  Read More »
• 14 April

  Dafza all set to highlight growing opportunities within halal sector

  

  Dubai / Emirates Business The Dubai Airport Freezone Authority (DAFZA) is taking part in the Alimentaria 2018 Exhibition, the international business event geared towards professionals in the food, drinks and gastronomy industry, being held from April 16-19 at the Gran Via Venue – Barcelona. DAFZA will be showcasing its wide range of services and offerings in the Halal sector, and ...

  Read More »