May, 2016

• 17 May

  Roger Dubuis eyes North American expansion

  

    New York / Bloomberg Roger Dubuis, whose watches cost an average of $60,000, is shrugging off a slump in Swiss timepiece exports to the US by pushing ahead with a North American expansion. The 21-year-old brand, part of the Swiss Cie Financiere Richemont SA luxury-goods group, opened its first retail store in New York in November and is planning ...

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• 17 May

  Complaints over airport security delays surge 10-fold

  

    Washington / Bloomberg Frustrated travellers are turning to the complaint box in growing numbers as long lines and delays getting through airport security result in missed flights. Complaints filed on such topics as courtesy and processing time surged in March to the highest levels in the past year, according to the Department of Transportation’s monthly Air Travel Consumer Report ...

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• 17 May

  Vodafone logs first earnings growth since 2008

  

    London / AFP British telecoms giant Vodafone on Tuesday posted its first annual rise in operating profits in eight years, boosted by growth in Europe and emerging markets. Earnings before interest, tax, depreciation and amortisation (EBITDA) grew 2.7 percent to £11.6 billion ($16.7 billion, 14.7 billion euros) in the year to March, Vodafone said in a results statement. That was ...

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• 17 May

  Delta deal gives Bombardier breathing room on aid: Leitao

  Ottawa / Bloomberg Bombardier Inc. has turned a corner and its deal with Delta Air Lines Inc. makes federal aid for the Canadian plane maker less urgent, Quebec’s finance minister said. Delta’s $5.6 billion agreement to purchase at least 75 C Series jets will help Montreal-based Bombardier promote the plane and win more orders, Carlos Leitao said in an interview ...

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• 17 May

  American Airlines ends in-flight gate announcements

  

    New York / Bloomberg You are now free to enjoy your in-flight entertainment, uninterrupted. The world’s largest airline, American Airlines Group Inc., plans to stop on-board announcements of connecting gate information as flights prepare to land. The change, effective May 17, is a concession that technology has rendered the announcements moot, as passengers now travel equipped with an array ...

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• 17 May

  Aircastle’s Japan venture to buy 10 planes

  Tokyo / Bloomberg Aircastle Ltd. and its Japanese partner are planning to purchase as many as 10 new narrow-body jets in deals with airlines as the lessor bets on growing demand for travel in Asia. The jets may cost as much as $400 million, Chief Executive Officer Ron Wainshal said in an interview in Tokyo Tuesday. Stamford, Connecticut-based Aircastle formed ...

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• 17 May

  Construction boom boosts region’s fit-out industry

  

    Alkesh Sharma / Emirates Business Fuelled by a booming construction sector, the GCC region’s interior and fit-out contracting industry is expected to grow by nearly 20 percent and the market expected to cross the whopping mark of $12.5 billion by the end of 2017. UAE is clearly spearheading this market in the region and is expected to add more ...

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• 17 May

  Dubai SME launches report on state of equity investment

  

    Dubai / Emirates Business Dubai SME, the agency of the Department of Economic Development (DED) in Dubai mandated to develop the small and medium enterprise (SME) sector, has launched a report on the ‘State of SME Equity Investment in Dubai,’ the first initiative of its kind in the Gulf region, to encourage investment in the sector and attract direct ...

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• 17 May

  Smart Dubai Office looks into key modules for ‘smartest city on earth’

  

      Dubai / Emirates Business A delegation from Smart Dubai Office (SDO) led by H.E. Dr. Aisha Bint Butti Bin Bishr, Director General of SDO, is exerting more efforts to form business partnership by showcasing its smart transformation roadmap to the founding strategic partners of the smart city transformation process. The delegation visited Dubai Land Department (DLD) to discuss ...

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• 17 May

  UAE Telecoms, Media & Technology to be ME hotspot in 2016

  

    Dubai / Emirates Business Mergermarket, the world’s leading news and intelligence service for mergers & acquisitions, has released its Global M&A Heat Chart that indicates potential future M&A activity based on companies that may be targeted for mergers or acquisitions. The Heat Chart suggests that the Middle East’s Telecoms, Media & Technology (TMT) sector could see the strongest levels ...

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