May, 2017

• 17 May

  RBI targets rupee forwards as cash hinders spot intervention

  

  Bloomberg Reserve Bank of India (RBI) is increasingly turning to the forwards market for currency intervention, as a banking system already flooded with cash limits its ability to act in the spot market. RBI bought $8 billion of foreign currency in the forwards market in March, latest official data released this month showed, as the rupee capped its best first-quarter ...

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• 17 May

  ECB sticks to lowest gears as Euro area trundles towards QE exit

  

  Bloomberg The European Central Bank (ECB) is trying to work out a key question about the road to policy normalization: what’s the speed limit? Three weeks before their next policy decision, the terms of debate between the ECB’s 25 Governing Council members over announcing and implementing an exit from unconventional stimulus have coalesced around the pace. In one camp are ...

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• 17 May

  Wider laptops ban to cost passengers $1bn: IATA

  

  Bloomberg The widening of a US ban on carrying electronic devices aboard aircraft to include flights from Europe would cost travellers in excess of US$1 billion, the head of the airline industry’s global lobby group said. Extending the curbs, which currently apply only to some US-bound services from the Middle East and North Africa, would obstruct travel and might not ...

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• 17 May

  Boeing’s flying cash machine debuts as Lion takes first 737 Max

  

  Bloomberg Boeing Co. delivered the first 737 Max to the jetliner’s largest customer, Lion Mentari Airlines PT, a step toward reaping a cash bounty from the best-selling aircraft in company history. The Tuesday hand-off to Lion’s Malaysia affiliate, Malindo Airways, was only one day later than first scheduled after the US planemaker quickly recovered from a possible engine manufacturing defect, ...

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• 17 May

  TAV mulls bid for stake in Malaysia Airports unit

  

  Bloomberg Turkey’s TAV Havalimanlari Holding AS will bid for the Istanbul unit of Malaysia Airports Holdings Bhd if a stake in the operator of Turkey’s second-biggest airport is put up for sale. TAV is ‘definitely interested’ in looking at Istanbul Sabiha Gokcen Airport should requests for proposals be made, Chief Executive Officer Sani Sener told reporters. Malaysia Airports plans to ...

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• 17 May

  Airbus flier Vistara seeks Boeing pilots for hiring

  Bloomberg Vistara, Singapore Airlines Ltd.’s Indian venture that operates an all-Airbus fleet, is seeking to recruit pilots trained on Boeing Co. aircraft, people familiar with the matter said. The airline is hiring first officers with at least 750 hours of experience flying Boeing aircraft, according to a letter the New Delhi-based airline sent to pilots, the people said, asking not ...

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• 17 May

  The Mall, Jumeirah’s latest retail destination opens to public

  

  Dubai / Emirates Business Jumeirah’s largest community shopping centre, The Mall, was officially inaugurated. The prestigious retail and leisure destination located on Jumeirah Beach Road, opposite The Jumeirah Beach Hotel, was inaugurated by Meadhad Rashed Meadhad Almheiri – owner of The Mall, accompanied by Rashid Meadhad Rashid Meadhad Almheiri – Chairman, and Nancy Nese Ozbek, General Manager, at a grand ...

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• 17 May

  Pilot exodus prompts India Air regulator to turn labor watchdog

  

  Bloomberg India’s aviation regulator wants senior pilots to provide at least a year’s notice before changing jobs, a move aimed at stemming exits that sometimes force airlines to scrap flights at the last minute. The proposed rules, if implemented, would affect experienced pilots who often move to foreign carriers lured by higher salaries. The draft measures, doubling the period to ...

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• 16 May

  DFM achieves 100 percent compliance in Q1

  DUBAI / WAM Dubai Financial Market (DFM) announced on Tuesday that its UAE listed companies have showed a 100 percent compliance to disclose their Q1- 2017 results within the deadline of 45 days from the end of the quarter. Forty-seven UAE public joint stock companies listed on DFM successfully disclosed their quarterly results, with the exception of Al Firdous as ...

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• 16 May

  Open, shared data to add $2.8bn to Dubai economy

  

  Dubai / Emirates Business Dubai Data held a press conference on Tuesday to release findings from the ‘Dubai Data Economic Impact Report’, which the Dubai Smart Office had commissioned to international audit, tax, and advisory firm KPMG. The study provides the Dubai Government with insights into the potential economic impacts of opening and sharing data and includes a methodology for ...

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