November, 2016

• 15 November

  Malaysia Airlines may buy 25 widebody jets next year

  

    Bloomberg Malaysia Airlines Bhd. is considering ordering as many as 25 widebody aircraft as the nation’s flag carrier, recovering from two fatal air crashes in 2014, looks to meet growing travel demand. The airline will replace 15 of its aging planes and add 10 to fuel growth, Chief Executive Officer Peter Bellew said in an interview in Singapore Tuesday. ...

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• 15 November

  S Africa’s Telkom earnings surge 20%

  

    Bloomberg Telkom SA SOC Ltd. said first-half earnings rose 20 percent as South Africa’s biggest landline provider reported a maiden profit for its faster-growing mobile business. Earnings per share excluding one-time items were 3.36 rand in the six months through September, the Pretoria-based company said in a statement on Tuesday. That was in the middle of a range forecast ...

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• 15 November

  Vodafone loss doubles on India woes

    Bloomberg British mobile phone giant Vodafone on Tuesday said its first-half net loss doubled to more than 5.0 billion euros owing to a huge writedown for its Indian unit. Vodafone said its loss after tax soared to 5.1 billion euros ($5.5 billion) in the six months to September 30 compared with a net loss of 2.5 billion euros one ...

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• 15 November

  Billionaire Warren Buffett invests in 3 big US airlines

  

    Bloomberg Warren Buffett’s Berkshire Hathaway Inc. bet on the biggest US airlines, reversing decades of aversion to the industry. Berkshire held 21.8 million shares of American Airlines Group Inc. as of Sept. 30, valued at almost $800 million at the time, according to a regulatory filing from the billionaire’s Omaha, Nebraska-based business. Buffett’s company also reported 6.33 million shares ...

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• 15 November

  Sharjah hotels welcome 1.3mn guests in first 9 months

  

    Sharjah / Emirates Business Hotels and hotel apartments across the Emirate of Sharjah welcomed a combined 1,318,748 guests in the first nine months of 2016 (January to September). The Sharjah Commerce and Tourism Development Authority (SCTDA) released the statistics as it took part in the World Travel Market (WTM) in London on November 7-9. The Authority headed a delegation ...

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• 15 November

  DAFZA, Japan discuss investment opportunities

    Dubai / Emirates Business A high-profile delegation from the Dubai Airport Freezone Authority (DAFZA) discussed promising investment opportunities abounding in Dubai with the Japanese business community during a series of seminars held recently in Japan. Japanese decision-makers, investors and entrepreneurs in attendance applauded the pivotal role played by DAFZA as a leading platform and ideal gateway for Japanese companies ...

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• 15 November

  Results of Arab Knowledge Index on December 5, 7

    DUBAI / WAM The results of this year’s Arab Knowledge Index will be announced at the Knowledge Summit 2016, to be held between December, 5-7 at the Grand Hyatt Dubai hotel. The summit’s theme for 2016 is “Knowledge Present and Future”. The event is being organised by Mohammed bin Rashid Al Maktoum Foundation, MBRF, a member of the Mohammed bin ...

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• 15 November

  Emirates Islamic contributes AED 500,000 to Dar Al Ber Society

  

    Dubai / WAM Emirates Islamic, one of the leading Islamic financial institutions in the UAE, announced an AED 500,000 contribution from its Zakat Fund to Dar El Ber Society, as part of its commitment to support the Society’s special committee that supports underprivileged families and individuals. Awatif Al Harmoodi, General Manager, Operational Quality and Processes at Emirates Islamic, presented the ...

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• 15 November

  MoF to launch ‘Innovation Festival’ from Nov 21-22

  

    Dubai / Emirates Business As part of the Innovation Week of UAE, the Ministry of Finance (MoF) announced the launch dates for the ‘Innovation Festival’ which will take place on November 21-22. This initiative is aligned with the directives of HH Sheikh Khalifa Bin Zayed Al Nahyan, the President of UAE and encapsulates the national innovation strategy launched by ...

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• 15 November

  Mohammed hails UAE values

  

    Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of UAE and Ruler of Dubai, delivered a message on the occasion of the International Day of Tolerance in which he highlighted the values cherished by the UAE community. Following is the full text of the message: To my brothers and sisters, may peace be upon ...

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