September, 2016

• 21 September

  Airbus gets US nod to deliver planes to Iran

    Bloomberg Airbus announced on Wednesday that the U.S. government has granted it a license to sell the first 17 airplanes involved in a landmark deal with Iran made possible by last year’s nuclear agreement. The announcement comes as Iranian leaders and U.S. officials are gathered this week in New York for the United Nations General Assembly and serves as ...

  Read More »
• 21 September

  Air France plans low-cost startup to repel long-haul rivals

  

    Bloomberg Air France-KLM Group said it’s examining a range of options for entering the low-cost, long-haul travel market in a move that would parallel developments at German rival Deutsche Lufthansa AG. Europe’s largest airline has been working on plans for the venture for more than a year as it seeks to respond to competition from carriers including Norwegian Air ...

  Read More »
• 21 September

  Behold top designs from across globe at Dubai fair

  

    Emirates Business Held under the patronage of Her Highness Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, in strategic partnership with the Dubai Design District (d3) and supported by the Dubai Culture and Arts Authority, Downtown Design will return this October 25-28 for its fourth edition as the commercial centrepiece of Dubai Design Week. Hosted in d3, the creative ...

  Read More »
• 21 September

  GCC visitors top tourists in Ajman during Eid

  

    Ajman / Emirates Business Tourists from the Gulf Cooperation Council (GCC) countries including staycationers from the UAE were the top visitors of Ajman during Eid Al Adha holiday, according to Ajman Tourism Development Department (ATDD). Nationals from Egypt, Jordan, Kuwait, KSA, Bahrain and UAE were majority of the guests who stayed in Ajman’s hotels and hotel apartments, followed by ...

  Read More »
• 21 September

  GCC fintech startups cash in on millennial banking needs

  

    DUBAI / Emirates Business GCC Financial Technology (FinTech) startups are cashing in on the always-connected banking habits of Millennials, say industry experts ahead of GITEX 2016. There is a surge in growth of “moneyhawks” — the high-income, and under-35-year-old customers who want constant mobile access to their banking and finance accounts. Banks often struggle to profit from their customers. ...

  Read More »
• 21 September

  Sharjah Public Library workshop for teachers

    Sharjah / Emirates Business Teachers in Sharjah received a boost to their critical thinking abilities thanks to an initiative from Sharjah Public Library (SPL), a subsidiary of Sharjah Book Authority. The institution recently concluded an ‘Integrating Thinking Skills Programme’ workshop that was held in collaboration with Mawhiba Training and Positive Motivation Centre with the aim of training female teachers ...

  Read More »
• 21 September

  First oil in two years leaves Libya’s Ras Lanouf port

  

    Benghazi / AFP An oil tanker left the Libyan port of Ras Lanouf for Italy, an official said, the first shipment since fighting erupted over control of the “oil crescent” two years ago. Oil is war-ravaged Libya’s key asset, and rival administrations have been vying for control of its oil wealth and territory since the 2011 uprising that overthrew ...

  Read More »
• 21 September

  Oil advances near $45 as OPEC may hold formal meeting in Algiers

  

    Bloomberg Oil climbed near $45 a barrel after Algeria said OPEC may turn its informal talks next week into a formal session and as weekly industry data showed U.S. crude inventories declined. November futures rose by as much as 2.5 percent in New York. OPEC ministers can transform the gathering into an extraordinary meeting since they will all be ...

  Read More »
• 21 September

  Saudi Binladin seeks second extension on Grand Mosque loan

    Reuters Saudi Binladin Group (SBG) has requested a second extension on an 817 million riyal ($217.9 million) Islamic loan being used to fund construction at the kingdom’s Grand Mosque, sources aware of the matter said. The talks to delay the loan repayment, originally due to mature on July 15, came after the Saudi government failed to fully reimburse the ...

  Read More »
• 21 September

  Israel’s OurCrowd raises $72mn to boost crowdfunding deals

  Bloomberg OurCrowd Ltd., a website that connects investors to a pool of mostly Israeli and U.S. startups, said it raised $72 million to expand its operations and invest in other businesses. Jon Medved, the chief executive officer and co-founder of OurCrowd, said the new funds will be split evenly between the venture arm and the company itself, which plans to ...

  Read More »