April, 2017

• 2 April

  ADNOC, Masdar sign MoUs with Aramco

  

    Abu Dhabi /Emirates Business Saudi Arabian Oil Company (Saudi Aramco) on Sunday signed two separate Memorandums of Understanding (MoUs) with Abu Dhabi National Oil Company (ADNOC) and with Masdar, Abu Dhabi’s renewable energy Company, covering energy and technology collaboration, renewables, and carbon management. Under the terms of the MoU between ADNOC and Saudi Aramco, the two companies will collaborate ...

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• 2 April

  Sharjah to host region’s largest Watch & Jewellery Show

  

    Sharjah / Emirates Business One of the well-established names in the local jewellery industry, Salem Al Shueibi Jewellery, secured the coveted Platinum Sponsorship of the region’s most awaited spring edition of the biannual MidEast Watch & Jewellery Show. Billed as the largest and most exclusive showcase of gold and diamond jewellery in the region, the 42nd MidEast Watch & ...

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• 2 April

  Etihad, Boeing officials check biofuel progress at Masdar

  

    Abu Dhabi / Emirates Business Peter Baumgartner, Chief Executive Officer of Etihad Airways, and Mohammad Al Bulooki, Executive Vice President Commercial, joined Scott Fancher, Boeing Senior Vice President, at the integrated seawater and agriculture system facility within Masdar City to check on the project’s progress this week. The facility is a world first, demonstrating the use of seawater and ...

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• 2 April

  Cathay Pacific to squeeze more seats on B777-300 plane

  

    Bloomberg Cathay Pacific Airways Ltd., the premium airline that is seeking ways to revive earnings after its first annual loss in eight years, plans to cram more passengers in some aircraft to squeeze out extra revenue. All 65 of its Boeing Co. 777-300 family aircraft will have another seat in each economy-class row, shrinking space for fliers by about ...

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• 2 April

  Etihad, Qatar Air to offer loaner laptops to customers

  

    Bloomberg Etihad Airways will distribute loaner laptops to premium customers on US-bound flights, joining Gulf rival Qatar Airways in providing a workaround after the federal government banned passengers from bringing their own devices into aircraft cabins. The specially purchased computers will be available to business-class travelers starting next week, Qatar Air said. People must hand over their own laptops ...

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• 2 April

  Bombardier chairman offers to forfeit pay hike

  

    Bloomberg Bombardier Inc. Executive Chairman Pierre Beaudoin offered to forfeit a pay increase for 2016, responding to a firestorm of criticism that prompted Quebec’s finance minister to call for Canada’s biggest aerospace company to review its compensation practices. “After listening to the recent public debate about the compensation of senior executives at Bombardier, I have asked the board of ...

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• 2 April

  United’s luxury cabin stumbles on seat delays

  

    Bloomberg United Airlines faces a new setback in its bid to win back business customers as production snags hinder deliveries of Boeing Co. jetliners outfitted with new luxury seats. “Short delays” are affecting two 777-300ER aircraft with United’s Polaris luxury interiors, said Megan McCarthy, a spokeswoman for the airline. United and the planemaker are working with French seatmaker Zodiac ...

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• 2 April

  Agriculture of tomorrow!

  

    ROME / Reuters With scorching summer temperatures and little rainfall, the barren scrublands around the port of Aqaba in Jordan, one of the world’s most arid countries, might seem ill suited to cultivating cucumbers. Yet a Norwegian company is planning to set up a solar-powered, 20 hectare (50 acre) facility that promises to grow a variety of vegetables without ...

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• 2 April

  Bankers push Canadian mortgage-bond revival

  

    Bloomberg Banks are marketing what could be one of Canada’s first nonprime residential mortgage-backed securities deals since the global financial crisis. National Bank of Canada has held discussions with investors about a bond backed by a pool of residential mortgages just below prime-credit quality, Derek Norton, MCAP Corp.’s chief executive officer, said. The so-called alt-A mortgages are originated by ...

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• 2 April

  Trump closely watching troubled nuclear plants that Obama funded

  

    Reuters As Southern Co. opens a review of its troubled nuclear reactors following a bankruptcy filing by contractor Westinghouse Electric Co., the Trump administration has 8.3 billion reasons to be worried. Southern is financing the reactors with $8.3 billion in federal loan guarantees approved under President Barack Obama’s initiative to build the first new nuclear plants in the US ...

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