March, 2017

• 21 March

  US bans electronic carry-ons for Mideast flights

  

    Bloomberg Middle Eastern airlines came under renewed pressure from President Donald Trump after the federal government barred passengers from carrying large electronic devices onto US-bound flights for security reasons. The ban concerns services from cities including Dubai, Abu Dhabi, Doha, Cairo and Istanbul, and could impact about 50 flights a day, with analysts predicting check-in delays as airports grapple ...

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• 21 March

  British Airways pays staff $500 sweetener as bonuses shrink

  

    Bloomberg British Airways will hand staff 400 pounds ($496) and a free return flight to help make up for missed bonus payments. The payout, detailed in a letter to workers seen by Bloomberg and confirmed by BA, will be made to all UK employees. Staff were due to receive only a fraction of their standard bonus because earnings fell ...

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• 21 March

  Cathay upgrades online booking system

  

    Emirates Business Cathay Pacific enhanced its website – www.cathaypacific.com – with an all-new online booking experience, providing customers with greater convenience, more choices and making it even easier to use. The airline’s customer-centric ethos puts the needs of passengers at the heart of every decision it makes as it strives to provide an exceptional experience at all stages of ...

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• 21 March

  Apple unveils cheapest IPad, red IPhone7

  

    Bloomberg Apple Inc. introduced a revamped version of its most popular-sized iPad at the most affordable price ever, and a shiny red iPhone 7, whose sales will help to combat AIDS. Apple unveiled a new 9.7-inch iPad with a brighter Retina display starting at $329, and a special edition red-aluminum finish iPhone 7 and iPhone 7 Plus, part of ...

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• 21 March

  Roger Dubuis to open new flagship boutique at Harrods

  

    Emirates Business Geneva-based luxury watch brand Roger Dubuis, recognised for its remarkable dynamism and ability to strike a balance between traditional watchmaking expertise and avant-garde design, is set to open a flagship store in Knightsbridge’s Harrods in March. The choice of Harrods confirms Roger Dubuis’ accession in the world of Haute Horlogerie and is an important step for the ...

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• 21 March

  A glimpse at the past!

  

    Dubai / Emirates Business On the occasion of Pakistan Day on March 23, history buffs and numismatists will get a unique opportunity to view the first banknotes of the independent Pakistan. Showcased at the a Dubai-based specialized Numismatics Company; Numisbing, the exclusive collection will prove to be a trip down the memory for some, while for collectors and connoisseurs ...

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• 21 March

  ‘Spray-on’ solar panels on the cards

  

    Bloomberg Imagine a future when solar cells can be sprayed or printed onto the windows of skyscrapers or atop sports utility vehicles — and at prices potentially far cheaper than today’s silicon-based panels. It’s not as far-fetched it seems. Solar researchers and company executives think there’s a good chance the economics of the $42 billion industry will soon be ...

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• 21 March

  Chevron calls end of LNG mega project after $88 billion spree

  

    Bloomberg Chevron Corp. has signaled the end of major new LNG projects in Western Australia and is unlikely to sanction an expansion of its Gorgon and Wheatstone export developments as it focuses on boosting returns from $88 billion of investment. The climate for developing large greenfield LNG projects has shifted to smaller developments given a slump in the price ...

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• 21 March

  Libya ports prepare to resume crude shipments after clashes

    Bloomberg Libya’s major oil ports of Es Sider and Ras Lanuf are resuming operations and preparing to export crude after a two-week halt in shipments due to military clashes in the holder of Africa’s largest crude reserves. Libya’s total production rose to 646,000 barrels a day from 621,000 barrels on Sunday mostly due to an increase from Waha Oil ...

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• 21 March

  Modi-backed ETF may fuel India sales after $1.4bn haul

  

    Bloomberg The success of an exchange-traded fund backed by Prime Minister Narendra Modi’s government may help boost the acceptance of such products in the world’s second-fastest growing ETF market. Investors poured 92 billion rupees ($1.4 billion), or 3.7 times the targeted amount, into a fund of the top 10 state-run companies, according to Reliance Mutual Fund, which manages the ...

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