June, 2016

• 2 June

  Qatar Airways’ biggest jet to Atlanta lands amid bumps

  

    DOHA / Tribune News Service Qatar Airways’ bumpy trip to Atlanta continued on Wednesday when its first flight had to settle for a parking place on the tarmac instead of a regular gate. The Middle Eastern carrier launched its Atlanta-Doha service with a double-decker Airbus A380, the world’s largest airliner. The inaugural flight landed about 4 pm, but the ...

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• 2 June

  Chinese flights delay worsens to 21 minutes

  

    Shanghai / Bloomberg The Chinese are spending more time at airports and on aircraft as flight delays worsen. The average delay for flights last year was 21 minutes, 2 minutes worse than in 2014, the Civil Aviation Administration of China said in a report dated May 30 on its website. Air traffic control issues was the biggest reason for ...

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• 2 June

  Singapore Inc. buys $1bn stocks in Alibaba

  

    Singapore / Bloomberg Singapore’s state-owned investment firms Temasek Holdings Pte and GIC Pte, long-term Alibaba Group Holding Inc. investors, bought a combined $1 billion of stock in the Chinese e-commerce behemoth, the second-biggest stakes being sold by SoftBank Group Corp. The purchases add to the technology holdings of both investment firms. Temasek and GIC were early investors in Alibaba ...

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• 2 June

  Cathay Pacific in talks with Airbus for A350 planes

  

    London / Bloomberg Cathay Pacific Airways Ltd. said it’s talking with Airbus Group SE about the planemaker’s proposal for a bigger version of the newest A350 wide-body, a model which needs to attract a strong set of initial customers to get the go ahead. Cathay, which already has 48 A350s on order, is keen on a so-called stretched variant ...

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• 2 June

  Air India to offer low fare to students

  

    New Delhi / Tribune News Service Air India will offer discounted tickets for students travelling for educational purposes on all its domestic flights during the lean season of July and August. Students can fly for Rs.3,500 for distances up to 1,000 km and at Rs.5,500 for over 1,000 km. Tickets must be booked between June 1 and August 31 ...

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• 2 June

  ICICI Prudential Life plans to consider $892mn Indian IPO

  

    Mumbai / Bloomberg ICICI Prudential Life Insurance Co. has picked arrangers for an initial public offering of as much as 60 billion rupees ($892 million), people familiar with the matter said, in what could be India’s biggest first-time share sale in six years. The country’s largest private-sector life insurer selected Bank of America Corp. and ICICI Securities Ltd. to ...

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• 2 June

  Meet ‘Zenbo’, the first home robot

  

    Sunaina Rana / Emirates Business Technology has been evolving with numerous innovations to improve the living standards of people. Jumping on the high-tech bandwagon, ASUS Chairman Jonney Shih took the center-stage at Computex 2016 to unveil Zenbo — the first home robot — along with a stunning portfolio of third-generation mobile products designed to provide users with revolutionary functions ...

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• 2 June

  Non-Arabic titles rule UAE box office

      ALKESH SHARMA / Emirates Business In the UAE, non-Arabic language cinema seems to be more money-spinning as it is accounted for making nearly three times more at the box office than Arabic titles. According to ‘Media Industries in the Middle East 2016’ report, the average box office revenue per title for non-Arabic films in UAE was around $467,000 ...

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• 2 June

  Sustainable City begins clean energy production

  

  Dubai / Emirates Business The Sustainable City, based in Dubai, has announced that they are now successfully producing clean and sustainable energy using ‘Solar Power Panels’. This recent accomplishment has made The Sustainable City the first residential project in Dubai to produce clean energy for over 500 villas, which are spread out over five residential clusters, and which comprise of ...

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• 2 June

  Arab Luxury World explores trends in industry

  

    Dubai / Emirates Business The third edition of Arab Luxury World was held successfully, rich with valuable insights and learnings for those in attendance. Organised by Mediaquest, the two-day conference took place at The Westin Dubai Mina Seyahi. More than 30 panel discussions, presentations and private sessions provided an in-depth exploration of the latest ideas and trends in the ...

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