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Mideast’s aviation market is set to grow 5% annually until 2036

Dubai / Emirates Business His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority, Chairman and Chief Executive, Emirates Airline and Group, inaugurated the 7th Arab Aviation Summit held on Wednesday at the Roda Al Bustan Hotel in Dubai. Themed “Time to Transform: Addressing sustainability challenges and opportunities for the regional aviation sector”, the summit ...

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US pledges cooperation in civilian nuclear power sector

ABU DHABI / WAM The United Arab Emirates and the United States of America on Wednesday reaffirmed their shared commitment to a strong bilateral relationship. The commitment was made during the UAE-US Strategic Energy Dialogue held at the UAE’s Ministry of Energy in Abu Dhabi. Confirming the agreement, Suhail bin Mohammed Faraj Faris Al Mazrouei, the UAE Minister of Energy ...

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US ready for talks if N Korea halts further nuclear tests

Bloomberg The US would be ready to talk with North Korea if it renounced further nuclear or missile tests and followed through on the pledge, US Ambassador to China Terry Branstad said. “If they announce that they’re not going to be doing any more nuclear tests and they’re not going to be launching any more missiles,” Branstad told Bloomberg Television ...

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WeWork takes on ‘UK property’ despite Brexit

Bloomberg A seven-year-old US startup is set to become the biggest private tenant in London just as the UK’s economic outlook worsens. Three years after entering the British capital, WeWork Cos. has signed leases that will make it the city’s No 1 private-sector user of office space, according to data compiled by CoStar Group Inc. for Bloomberg. The rapid growth ...

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UK takes steps to improve productivity

Bloomberg Britain announced plans to generate savings of as much as 15 billion pounds ($20 billion) a year by improving productivity in sectors such as construction and transport. New programmes to increase efficiency were published alongside the government’s 600 billion-pound infrastructure pipeline, which sets out a series of publicly and privately funded projects over the next 10 years, the Treasury ...

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China blow to recycling boosts $185 billion US plastic bet

Bloomberg China is upending the global plastics market. The world’s biggest user of scrap has stopped accepting shiploads of other countries’ plastic trash as it phases in a new ban. That’s bad news for the recycling industry, as China has been a major consumer of salvaged materials it processes into resin that ends up in pipe, carpets, bottles and other ...

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Alibaba’s Jack Ma argues China benefits from one-party stability

Bloomberg Alibaba Group Holding Ltd.’s Jack Ma said China benefits from the stability of its single-party system, contrasting that with the unpredictability of US politics. The Chinese billionaire made the comments in response to a question about the country’s economy and its prospects for growth. He said he has confidence in China’s potential and cited as his number one reason ...

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Unilever sees spurning of global brands spread beyond Asian market

Bloomberg The tide is turning against multinational brands, which have been losing market share to local products not just in Asia’s emerging markets but also in the US and Europe, according to Anglo-Dutch consumer goods giant Unilever NV. “Consumers are changing, not craving for global brands just for the sake of it,” said Hemant Bakshi, president director of Unilever Indonesia, ...

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Mohamed receives falconers

Al AIN / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received on Tuesday a number of falconers participating in the 4th International Festival of Falconry which began in Abu Dhabi on Monday. Sheikh Mohamed welcomed the falconers and discussed with them their activities during ...

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Developing the sciences are a top priority for the UAE

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai,said that developing the sciences are a top priority for the UAE, given its importance to achieve the government’s strategic objectives by assisting and advising government bodies in their various development projects. “The prosperity of any society lies in investing ...

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