August, 2017

• 19 August

  Lufthansa set to add more US routes

  

  Bloomberg Air Berlin Plc’s insolvency could open the way for Deutsche Lufthansa AG to add new hubs for inter-continental flights while allowing short-haul discount specialist EasyJet Plc to boost its presence in the German capital. The ailing carrier’s Berlin and Dusseldorf bases would provide Lufthansa’s lower-cost Eurowings arm with a chance to expand a long-haul network currently limited to Cologne-Bonn ...

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• 19 August

  Biggest Indian airport operators surge on favourable court ruling

  Bloomberg Indian airport operators surged after the country’s top court allowed them to use airport land for commercial purposes, rejecting the government’s objections. Private airport operators can now take advantage of a new civil aviation policy unveiled last year that liberalised norms, allowing commercial use of airport land, a two-judge bench headed by J. Chelameswar ruled, upholding a previous lower ...

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• 19 August

  Jack Ma ahead of Bezos in ‘grocery store ambitions’

  

  Bloomberg Jack Ma is ahead of Jeff Bezos in one area: grocery stores. For years, it looked to some like Ma’s Alibaba Group Holding Ltd. was simply following in the footsteps of Bezos’ Amazon.com Inc., the world’s largest e-commerce company. Just like Seattle-based Amazon, China’s online shopping giant started a cloud-computing business and created original entertainment content. But when Amazon’s ...

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• 19 August

  Cathay Pacific remains least favourite airline

  Bloomberg Cathay Pacific Airways Ltd. saw some rare analyst love this week, but it wasn’t enough to shift it from its unenviable position as the world’s least favoured airline stock. The Hong Kong-based carrier’s biggest half-yearly loss in two decades saw some analysts boost their ratings on the shares this week—on expectations things can only get better for the beleaguered ...

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• 19 August

  ZGI initiative promotes humanitarian giving

  DUBAI / WAM The Zayed Giving Initiative (ZGI), has launched a programme to mark World Humanitarian Day, which was on August 19, to promote the culture of volunteer work and humanitarian giving among the youth of various nationalities. Dr Adel Al Shameri, CEO of ZGI, said the new initiative will feature a package of charitable projects that will be implemented ...

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• 19 August

  DLD boosts ties with government entities

  Dubai / Emirates Business DLD has strengthened partnerships with government entities as part of ongoing efforts to integrate Dubai’s various institutions, improve government performance, achieve highest standards of excellence, ensure customer satisfaction. Hamdan Hamad Al-Madhani, Director of Rental Relationship Regulation Department at DLD, said: “To achieve the desired level of integration, a workshop was organised where representatives from any DLD ...

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• 19 August

  First container feeder vessel arrives at Fujairah Terminals

  

  FUJAIRAH / WAM The newly established Fujairah Terminals, under the management of Abu Dhabi Ports, welcomed its first container feeder vessel, the Dubai Alliance. This is the first ship to arrive at the terminal, which is wholly owned by Abu Dhabi Ports, the master developer, operator and manager of commercial and community ports within the emirate of Abu Dhabi, Fujairah ...

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• 19 August

  Drive to protect city appearance at Al Falah

  ABU DHABI / WAM Abu Dhabi City Municipality (ADM) has carried out a comprehensive campaign at old and new Al Falah as well as surrounding areas in collaboration with strategic partners. The campaign aimed to verify that stipulations set for protecting the appearance of the city are implemented, and removal of all distorting elements is carried out. The campaign focused ...

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• 19 August

  GCC projects market poised to show improvement in second half of 2017

  

  DUBAI / Emirates Business The GCC projects market had a muted performance in the first half of 2017, but is expected to perform better in the second six months of the year as the region’s economies continue to adjust to lower oil prices. According to the latest data from MEED Projects, the region’s leading projects tracking and analysis service, $56bn ...

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• 19 August

  Exclusive villas at ‘Al Forsan Village’ being leased out

  

  Abu Dhabi / Emirates Business Al Forsan Real Estate, the property arm of Al Forsan Holding, announced that its leasing out its Type 1 and Type 2 Villas for AED245,000 and AED265,000 respectively. The Al Forsan Village project spread across 241,985m2 has 385 villas and also encompasses 440 units of one-to-four-bedroom apartments. In addition to UAE nationals, Al Forsan Village ...

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