April, 2017

• 12 April

  United is feeling the sway of consumers in Asia

  

    On Monday — Day 1 of the fiasco over United Airlines’s forcible removal of a passenger from an overbooked flight — the stock of United Continental Holdings Inc. actually rallied. Perhaps Americans were outraged by how the passenger was treated, but airlines operate in a consolidated industry where consumers don’t have much choice. Investors seemed to shrug and assume ...

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• 12 April

  A gag rule won’t help women advance

    Paying women less than men is not only unfair but counterproductive. Women and men alike prefer to work for — and work harder for — companies that pay equally. Yet women who hold down the same jobs as men, with the same qualifications, still generally earn less. So it makes sense to continue to try to close the gap. ...

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• 12 April

  China must support efforts to rein in Kim

    North Korea has reacted fiercely to the US move to send a Navy strike carrier USS Carl Vinson and its battle group to waters off Korean peninsula. The new development has further worsened the already volatile situation on the divided peninsula with the United States and South Korea conducting their biggest-ever military exercises. North Korea sees this annual wargames ...

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• 12 April

  Retail therapy pushes hotel ADR up 25%

  

    Dubai / Emirates Business Hotels developed in and around the region’s shopping malls can expect to post an Average Daily Rate (ADR) 25% higher than hotels that are not co-located with a major retail development. The findings are published in a report by Colliers International, released ahead of Arabian Travel Market 2017, which takes place April, 24-27 at Dubai ...

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• 12 April

  Damac unveils Kenda Villas at Akoya Oxygen

  

    Dubai / Emirates Business DAMAC Properties, a leading luxury real estate developer in the region, on Wednesday showcased the new Kenda Villas, a range of extraordinary stone villas in one of Dubai’s most prestigious golf communities. Set in their own private enclave of the international golf community, AKOYA Oxygen, Kenda Villas are available in various sizes and arrangements to ...

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• 12 April

  ADFG to launch Etihad REIT

  

    Abu Dhabi / Emirates Business Abu Dhabi Financial Group (ADFG) is launching Etihad REIT, a Shariah-compliant real estate investment trust (REIT). The REIT comprises a seed portfolio of 10 income producing assets situated in the UAE. Etihad REIT expects to raise further capital through an initial public offering (IPO) on a stock exchange in the UAE at an appropriate ...

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• 12 April

  Etihad welcomes 157 new Emirati graduates

  

    Abu Dhabi / Emirates Business Etihad’s team at Abu Dhabi International Airport has welcomed 157 talented Emirati nationals from across the UAE after they graduated from the Etihad UAE National Development Foundation Programme (NDFP). Women make up 107 of the graduates and 50 are men. Within the group, 96 were trainees with Etihad Airport Services (EAS) and 61 trained ...

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• 12 April

  Oil rises as Saudi likely to support ‘extending cuts’

  

    Bloomberg Oil advanced for a seventh day in New York, the longest gain since December, on confidence Saudi Arabia will support an extension to OPEC-led output cuts just as US stockpiles show signs of shrinking. Futures in New York were holding gains after rising 6.3 percent in the previous six sessions. Saudi Arabia is likely to back prolonging the ...

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• 12 April

  Investment in clean energy drops 17% as China, US scale back

  

    Bloomberg Clean-energy investment fell 17 percent in the first quarter, keeping pace with last year’s decline, as the US and China both scaled back support for wind and solar farms. The $53.6 billion funneled into projects such as renewable energy, efficiency and electric cars during the first three months of the year marked the lowest investment for the quarter ...

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• 12 April

  Aramco to supply full crude contract volumes to Asia

  

    Reuters The world’s top oil exporter Saudi Arabia has stepped up sales of light oil to Asia by offering buyers more cargoes on top of the full contract volumes it will provide for May, industry sources with knowledge of the matter said on Wednesday. The offers will add to a glut of light oil supplies in Asia, increasing competition ...

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