January, 2018

• 2 January

  At a glance: What key Africa markets hold for investors in 2018

  

  Bloomberg For bond investors, Africa was a happy hunting ground last year. Its local-currency and dollar securities easily outperformed those of emerging markets overall as investors piled into a continent offering high yields and starting to recover from the commodity bust of three years ago. But risks abound, among them policy tightening in advanced economies, local and global politics, weakening ...

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• 2 January

  JetBlue sings the delay blues, heading for worst since 2007

  

  Bloomberg JetBlue Airways Corp. has little to show for its efforts to improve on-time performance. In the year gone by, through October, the airline’s on-time arrival rate of 70 percent trails the industry average of 79 percent, according to the US Transportation Department. That puts the carrier on track for its worst showing since 2007. Flight delays threaten two of ...

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• 2 January

  EasyJet to carry 90mn travellers in 2018: CEO

  

  Bloomberg EasyJet Plc Chief Executive Officer Johan Lundgren laid out plans to serve 13 percent more passengers, widen links with other airlines and help pioneer testing of a hybrid-power plane in his first year of leading the discount carrier. Lundgren, who succeeded Carolyn McCall as CEO on December 1, 2017, said EasyJet will carry about 90 million travellers in 2018, ...

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• 2 January

  Steinhoff gains as it plans to restate earlier results

  Bloomberg Shares of Steinhoff International Holdings NV rose after the South African retail giant said it will restate financial results going back as far as 2015 amid a probe into accounting irregularities. The stock jumped 27 percent to 5.90 rand by 9:56 am in Johannesburg, the most on an intraday basis since December 12, 2017. Shares in Steinhoff, whose retail ...

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• 2 January

  US carriers pile into Cancun despite violence in Mexico

  

  Bloomberg US airlines are wagering that American tourists will keep flocking to Cancun despite rising violence in Mexico and a warning from the State Department. Southwest Airlines Co., Spirit Airlines Inc. and Delta Air Lines Inc. are adding flights to the resort. United Continental Holdings Inc. is using one of its biggest jets once a week to ply the Chicago-Cancun ...

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• 1 January

  VP, Mohamed wish the entire world success, prosperity

  

  DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, met over a lunch banquet in Dubai marking the advent of the new year, ...

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• 1 January

  VAT contributes to weaning UAE off oil

  

  ABU DHABI / WAM The concerns emanating from the application of the Value-Added Tax (VAT) are overrated, as its impact on the country’s business sector will be in the minimal and will rather generate myriad benefits for the economy, according to a senior official at the Department of Economic Development (DED) — Abu Dhabi. “The application of VAT effective January ...

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• 1 January

  UAE envoy, military attaché honoured in Kazakhstan

  

  Astana / WAM The Ministry of Defence of Kazakhstan honoured Dr Mohammed Ahmed bin Sultan Al Jaber, UAE Ambassador to Kazakhstan. Talgat Mukhtarov, Deputy Minister of Defence of Kazakhstan, honoured Ambassador Al Jaber by giving him the Medal of Contribution to Strengthening International Co-operation for his ongoing efforts to develop and strengthen the overall co-operation between their two countries, especially ...

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• 1 January

  Abu Dhabi rings in 2018 with spectacular fireworks displays

  ABU DHABI / Emirates Business At the stroke of midnight, fireworks set ablaze Abu Dhabi’s skyline, ringing in the New Year with tens of thousands of gathered onlookers across the capital. Accompanied by incredible pyrotechnic effects, the fifteen-minute fireworks display at the New Year’s Eve Countdown Village mesmerised the crowd as they joined in the festivities at the specially designed ...

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• 1 January

  Al Majaz Waterfront, Al Qasba light up skies

  

  Sharjah / Emirates Business In keeping with its commitment to providing Sharjah’s residents and visitors with a joyful environment, Al Qasba — Sharjah’s premier tourist, leisure and family destination — lit up the sky on Sunday in celebration of the New Year. The spectacular illuminations from the fireworks were reflected on the venue’s facilities and water canal, as well as ...

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