May, 2016

• 25 May

  Lufthansa to hire flight attendants

  

    Bloomberg Deutsche Lufthansa AG is struggling to hire cabin crews for new routes, putting growth plans at risk as low wages and years of labour conflict complicate the airline’s recruiting amid a tight German job market. Through mid-May, Lufthansa has brought on about 500 flight attendants for its namesake carrier, the company said in response to questions from Bloomberg. ...

  Read More »
• 25 May

  Solar Impulse 2 leaves Ohio

  

    Washington / AFP The Solar Impulse 2, a solar-powered airplane piloted by Swiss national Bertrand Piccard, successfully flew out of Dayton, Ohio in the dark early on Wednesday en route to Pennsylvania, according to a live online feed of the departure. The single-seat plane with the wingspan of a Boeing 747 is covered in solar cells that power its propellers ...

  Read More »
• 25 May

  Retailers fuel a warehouse boom to keep up with Amazon

  

    Washington / Bloomberg The first thing online clothing reseller ThredUp did after clinching a new round of funding last year? Hunt for strategic warehouse space to get the goods to its customers as fast as possible. Amazon.com has spoiled them for anything less. Within six months, ThredUp’s chief executive officer, James Reinhart, had signed leases on two additional warehouses. ...

  Read More »
• 25 May

  Economic crisis blocks Afghan Silk Road

  

    Hairatan / AFP Some days there is no train at all crossing the bridge to Uzbekistan, yawns a customs officer in Hairatan, formerly a teeming Silk Road border town whose decline is a barometer of economic depression in Afghanistan’s north. “The camel driver is at work; the caravan is being readied,” proclaimed the mystic poet Rumi, born in Balkh ...

  Read More »
• 25 May

  Drought breathes life into diesel

  

    Bloomberg After starving farms across Asia of rainfall, El Nino’s last gasps have infused life into the battered market for diesel fuel in the region.South Asian nations are using more diesel to run irrigation pumps used by farmers in the absence of rainfall to water crops and as dry weather depletes hydropower. That’s contributed to a 65 percent surge ...

  Read More »
• 25 May

  Driving innovation

  

    Sunaina Rana/ Emirates Business Reichle& De-Massari (R&M) is an independent Swiss family business with more than 52-years of experience in the information and communications technology market. Since its establishment in 1964, R&M has grown into one of the leading providers of passive cabling solutions for high-quality communication networks. R&M is now a multinational organisation that is represented by subsidiaries ...

  Read More »
• 25 May

  A revolution under progress

  

    Our Correspondent / EMIRATES BUSINESS In 1985, Louis-Paul Guitay had a life-changing experience — a devastating injury that forced him to endure cervical spine rehabilitation. During his excruciating, prolonged physical rehabilitation sessions, Guitay began to fantasise about helping the therapist by mechanising his protocols for greater consistency. Little did he know — he was mere steps away from the ...

  Read More »
• 24 May

  UAE chairs Customs meet

  CAIRO / WAM The UAE chaired the16th meeting of the Customs Committee on Procedures and Information, which was launched at the headquarters of the General Secretariat of the Arab League. The meeting was chaired by Shatha Abdul Rahman bin Faris, Chairman of Customs Policies Department of the Federal Customs Authority.  

  Read More »
• 24 May

  Abu Dhabi Chamber, Singaporean firms discuss economic cooperation

    ABU DHABI / WAM Mohammed Thani Murshid Al Rumaithi, Chairman of the Federation of the UAE Chambers of Commerce and Industry and Chairman of Abu Dhabi Chamber of Commerce and Industry, met with Mohammed Omar Abdullah Belfaqeeh, UAE Ambassador to the Republic of Singapore, and discussed ways of enhancing joint cooperation with Singaporean companies. At the meeting at the ...

  Read More »
• 24 May

  DP World raises $1.2bn from sukuk to fund bond buyback

  

    Bloomberg DP World Ltd., the Dubai-owned company that operates ports from China to South America, raised $1.2 billion from the sale of Islamic bonds and said a tender offer to buy back securities received 48 percent more bids than the target. The company sold a seven-year sukuk that will be priced to yield 237.5 basis points, or 2.375 percentage ...

  Read More »