April, 2017

• 25 April

  Earnings lift US stock market, trade jolts currencies

  

    Bloomberg US stock futures jumped as blue chips from Caterpillar Inc. to McDonald’s Corp. reported results. Canada’s dollar led export currencies lower as a tariff on lumber reignited concern the Trump administration will pursue protectionist policies. Futures on the Dow Jones Industrial Average rallied, indicating the underlying index may rise to an all-time high. Caterpillar climbed more than 6 ...

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• 25 April

  Dubai, Qatar stock markets hold ground

  

    Reuters Stock markets in the Gulf most exposed to foreign trade held their ground on Tuesday, with Dubai and Qatar showing resilience in the face of disappointing results from blue-chip companies. In Dubai, shares of Emirates Integrated Telecommunications (Du) lost 3 percent after reporting a net profit of 364.9 million dirhams ($99.35 million) in the three months to March ...

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• 25 April

  Etihad unveils ‘48 hour challenge’ to promote Abu Dhabi stopovers

  

    Abu Dhabi / Emirates Business Etihad Airways has thrown down the gauntlet to the millions of guests who transit through its Abu Dhabi home, as well as the residents of the UAE, by challenging them to experience a host of ‘once in a lifetime’ activities throughout the emirate in just two days. The ‘48 Hour Challenge’ is part of ...

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• 25 April

  Qatar Air plans to buy stake in foreign airline

  

    Bloomberg Qatar Airways Ltd. plans to buy a stake in another foreign airline, extending an expansion push that’s seen the Gulf carrier build up overseas holdings and announce new routes to the US even as President Donald Trump’s seeks to restrict travel to the world’s largest economy. The state-owned company, which has expressed interest in Royal Air Maroc in ...

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• 25 April

  United Airlines sued by passenger over alleged seat shift

    Bloomberg United Airlines has another passenger complaint to deal with — this time in court. Karen Shiboleth claims she was forced out of her business-class seat during a flight to London from Newark, New Jersey, in September and escorted to the rear of the plane without an explanation. She sued the airline on Monday, claiming she’s out $9,146 in ...

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• 25 April

  Shhh! It’s sea turtle season here

  

    PROVIDENCE, R.I. / AP Many Florida beaches welcome a special type of visitor as the weather gets warmer: sea turtles. Female sea turtles crawl out of the water from spring to early fall to build nests and lay eggs on the beach at night. Babies hatch some 60 days later and crawl back into the sea. It’s a fragile process. ...

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• 24 April

  Twelve UAE national banks post AED7.64bn profit in Q1

  

    ABU DHABI / WAM Twelve UAE national banks reported a total net profit of AED 7.64 billion during Q1 2017, a growth of 6.7 percent from AED 7.16 billion during the same period last year. Citing the state of deceleration now witnessed at the global banking industry, financial sources told the Emirates News Agency (WAM), that the results disclosed ...

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• 24 April

  Emaar unveils six new hotel projects

  

  DUBAI / Emirates Business Emaar Hospitality Group, the hospitality and leisure business of Emaar Properties, on Monday unveiled six new hotel projects as part of its regional and international expansion plans, at the Arabian Travel Market (ATM) 2017. The new hotels and serviced residences in Dubai, Abu Dhabi and Egypt add to a portfolio of upcoming properties under the three ...

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• 24 April

  Dubai Aero reaches multi-billion deal to buy AWAS

    DUBAI / WAM Dubai Aerospace Enterprise (DAE) reached an agreement to buy Dublin-based AWAS Aviation Capital Ltd. from UK private equity firm Terra Firma Capital Partners, DAE announced on Monday. The multi-billion deal will propel DAE, one of the Middle East’s biggest plane-leasing companies, into the top rank of global players in the field. The deal will swell the ...

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• 24 April

  Abu Dhabi hotel guest arrivals up 4%

  

    Abu Dhabi / Emirates Business Abu Dhabi achieved a record 4% rise in the number of hotel guest arrivals over the first three months of the year in comparison to the same period in 2016. The increase in hotel guest arrivals was driven by the rapid growth in visitor numbers from China and Russia. New visa-on-arrival regulations have seen ...

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