March, 2017

• 26 March

  Etihad reassures travellers of highest level of service

    Abu Dhabi / WAM Etihad Airways is reassuring passengers of its highest level of service to minimise disruption following the introduction of a new US travel directive on electronic devices. Effective March 25, passengers on all US-bound flights from, or transiting through, Abu Dhabi International Airport will be barred from carrying electronic devices bigger than a smartphone or mobile ...

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• 26 March

  Duterte should focus energy on Philippine power plight

  

    Want to switch on the TV? Wait for the entire family to gather in the evening. That’s one of the strategies that Philippine Energy Secretary Alfonso Cusi says his countrymen use to squeeze the most juice out of electricity. When President Rodrigo Duterte gets a moment from his drugs war, a busy economic agenda is crying out for attention. ...

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• 26 March

  Why Airbnb won’t conquer China!

    It’s never easy for American businesses to make it in China. Cultural differences, government interference and the sheer cost of competing in a market that dwarfs the US have frustrated companies ranging from Wal-Mart Stores Inc. to Uber Technologies Inc. Those stumbles aren’t dissuading Airbnb Inc., however. This week the home-sharing pioneer announced that it’s changing its local brand ...

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• 26 March

  Key to control in Silicon Valley is simple

  

    Silicon Valley technology executives tend to be control freaks. Snapchat’s founders made sure they didn’t have to listen to stockholders when deciding how to run the company. When Marissa Mayer was a senior Google executive, she instructed her staff to test 41 shades of blue to find just the right color for a website toolbar. Jack Dorsey made sure ...

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• 26 March

  Next shares rise as retailer holds forecasts amid tough market

  

    Bloomberg Next Plc held its profit forecast and said it can mitigate a tough U.K. clothing market by improving ranges and switching suppliers, reassuring investors worried about the retailer’s price pressures and product challenges. The clothier maintained its forecast that profit will fall this year to between 680 million pounds ($849 million) and 780 million pounds, defying some analyst ...

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• 26 March

  Emaar Malls bids for Souq.com to challenge Amazon

  

    Bloomberg Emaar Malls PJSC, the shopping-center unit of Dubai’s largest publicly-traded property developer, bid for online retailer Souq.com in a challenge to an offer made by Amazon.com Inc., according to people familiar with the matter. The retail division of Emaar Properties PJSC, run by Mohamed Alabbar, offered about $800 million for Souq.com last week, which includes a convertible deposit ...

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• 26 March

  Portuguese retailer expands abroad without breaking the bank

  

    Bloomberg Sonae SGPS SA, Portugal’s biggest hypermarket and supermarket chain, wants to show that a retailer from a modestly sized market can expand overseas without deploying shopping carts full of cash. The company this month expanded its presence across the Iberian peninsula by combining its sports retail arm with the regional unit of JD Sports Fashion Plc of the ...

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• 26 March

  Malaysia Air CEO mulls deals for 42 jets

  

    Bloomberg Malaysia Airlines Bhd. plans to seal deals for as many as 42 wide-body jets over the next few months as the unprofitable carrier seeks to rebuild its long-haul network following a surge in demand. Terms should be agreed in the next six to eight weeks for the lease of up to a dozen used Airbus Group SE A330 ...

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• 26 March

  Region’s first talent-booking app launched in Dubai

  

    Dubai / Emirates Business FLC Production & Model Management, part of FLC Group – a Dubai-based Marketing Services Agency, launched the region’s first Model and Talent booking app. Available for both IOS and android users, this free application offers clients a revolutionary way to select talent for their upcoming campaigns. “At FLC, we are constantly looking for ways to ...

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• 26 March

  Goldman Sachs in talks for Saudi Arabian equities license

  

    Bloomberg Goldman Sachs Group Inc. is in preliminary talks for an equities license in Saudi Arabia as the US lender seeks to take advantage of the country’s economic reforms, according to people familiar with the matter. The bank has yet to file a formal application, the people said, asking not to be identified as the information is private. While ...

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