July, 2017

• 17 July

  Emirates, flydubai to deepen ties with code share pact

  

  DUBAI / Reuters Emirates, the Middle East’s largest airline, and budget carrier flydubai are expanding their commercial relationship to create a combined fleet of 380 jets flying to as many as 240 destinations by 2022. The airlines, both owned by the government of Dubai, said in a statement on Monday their expanded partnership would be rolled out over the coming ...

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• 17 July

  EasyJet CEO quits to join UK broadcaster

  

  Bloomberg EasyJet Plc announced on Monday that Chief Executive Officer Carolyn McCall is stepping down from the discount carrier to take up the same role at broadcaster ITV Plc, according to a person familiar with the matter. McCall told the airline’s board of her decision Sunday, according to the person, who asked not to be identified discussing the switch. McCall ...

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• 17 July

  Travellers flock to one-way flights as price premium dwindles

  

  Bloomberg Travellers are purchasing more one-way flights as the price premium declines compared with round trips, according to Airlines Reporting Corp., which analyzes fare data. One-way jaunts have expanded to 42 percent of air travel so far this year, up from 29 percent three years ago, ARC said. The price drop is especially pronounced on leisure routes, with corporate travel ...

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• 17 July

  Amazon food ambitions spur stock to best IPO return

  

  Bloomberg Amazon.com Inc.’s deal to buy Whole Foods Markets Inc. was a catastrophe for countless stocks, as concern about market disruption wreaked havoc on retailers and REITs. But for holders of a newly listed technology stock, it’s adding fuel to an already-stellar run. Impinj Inc., whose so-called radio-frequency identification technology allows users to tag and track data on products, is ...

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• 16 July

  Abu Dhabi world’s second best city to live, work

  

  ABU DHABI / WAM Abu Dhabi has been named the second-best city in the world to live, work and do business in, overtaking both London and Paris and moving up two places since the last Ipsos City Index. More than 18,000 people, aged between 16 and 64, in 26 countries worldwide were interviewed for the Index, with New York maintaining ...

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• 16 July

  UAE stocks gain AED4.1 billion

  

  ABU DHABI / WAM The UAE equity markets on Sunday continued their bullish trend which started last week, with the positive mood prevailing over all sectors led by the property market which posted robust growth in the run-up towards the announcement of the 2017 H1 financial results by leading companies. With the market capitalisation of trading companies gaining AED4.1 billion, ...

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• 16 July

  IMF is all praise for UAE’s fiscal initiatives

  WASHINGTON / WAM The UAE is successfully adjusting to the new ‘lower-for-longer’ oil environment, and the government’s economic initiatives have been broadly in line with global and regional trends, an International Monetary Fund (IMF) study has affirmed. The study, published by the IMF on its website, commends the progress made by the UAE over the past years to ‘strengthen its ...

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• 16 July

  UAE, Cameroon ink pact on tax avoidance

  Dubai / WAM The Ministry of Finance (MoF), signed a final agreement for the avoidance of double taxation with the Republic of Cameroon at the Ministry’s premises in Dubai on Sunday. The agreement comes in line with the ministry’s strategy to strengthen bilateral trade and economic relations between the two countries, in order to expand its network of international relations ...

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• 16 July

  Venezuela opposition starts unofficial vote in Maduro challenge

  

  Bloomberg Voting is under way in the Venezuela opposition alliance’s unofficial plebiscite, as it seeks to challenge the legitimacy of President Nicolas Maduro’s plan to rewrite the constitution after four months of anti-government protests that have left almost 100 dead. Venezuelans are being asked if they reject Maduro’s plan for a new assembly to change the constitution, if the armed ...

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• 16 July

  Hammond sees Brexit transition taking years

  

  Bloomberg Chancellor of the Exchequer Philip Hammond said transitional arrangements for Britain leaving the European Union are likely to last a couple of years, rather than the couple of months suggested by his cabinet colleague, Trade Secretary Liam Fox. “It depends how long we need to put in place new customs systems, new migration systems; these things can’t be magicked ...

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