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Bloomberg Ryanair Holdings Plc Chief Executive Officer Michael O’Leary said the European discount airline is in talks with Boeing Co about a follow-on order for the US manufacturer’s grounded Max model. While the Max has been idled worldwide for close to a year after two fatal crashes, Ryanair is in “active discussions” to buy more of the narrow-body planes, O’Leary ...

Bloomberg United Airlines Holdings is nixing fees for reservations made this month, as the spread of coronavirus roils global travel. The waiver applies to all tickets booked between March 3 and March 31, the carrier said. If customers cancel their flight, they can retain the ticket value for trips within the next 12 months. “The coronavirus outbreak continues to create ...

Dubai / Emirates Business dnata, one of the largest travel management companies in the Middle East, expanded its car rental portfolio by adding the quality services of Dollar Rent a Car and Thrifty Car Rental to its offering. Both brands are part of The Hertz Corporation, one of the global leading car rental companies, which dnata has been serving as ...

Abu Dhabi / WAM The Federal Authority for Nuclear Regulation (Fanr), announced that it has overseen loading of the nuclear fuel assemblies into the Unit 1 of Barakah Nuclear Power Plant to ensure it is completed according to the regulatory requirements. In a statement, the authority affirmed that its inspection activities indicated the fuel load has been safely completed. “Fanr ...

Abu Dhabi / WAM Mubadala Investment Company (Mubadala) on Tuesday announced that it has joined Silver Lake and other investors including the Canada Pension Plan Investment Board, Magna International, and Andreessen Horowitz as part of a consortium to invest a total of $2.25bn in Waymo, the self-driving technology company owned by Alphabet, the parent company of Google. Waleed Al Mokarrab ...

ABU DHABI / WAM A phone call from His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, to Chinese President, Xi Jinping, last week has sent a “positive signal to the international community,” according to a Chinese diplomat. “It has sent to the international community a positive ...

ABU DHABI / WAM The Emirates Nuclear Energy Corporation (Enec), announced on Tuesday that, following the successful completion of fuel assembly loading into Unit 1, the UAE has officially become a peaceful nuclear energy operating nation. The UAE has also become the first country in the Arab World to achieve this status, joining a limited group of countries worldwide that ...

Bloomberg Group of Seven (G-7) finance chiefs said they are ready to act to shelter their economies from the spreading coronavirus, though they stopped short of spelling out what specific measures they would put into place. “We, G-7 Finance Ministers and Central Bank Governors, are closely monitoring the spread of the coronavirus disease 2019 (Covid-19) and its impact on markets ...

ABU DHABI / WAM The UAE’s gross domestic product (GDP), in constant prices, is projected to grow to AED1.501 trillion in 2020 from AED1.464 trillion in 2019 and AED1.442 trillion in 2018, said Obaid bin Humaid Al Tayer, Minister of State for Financial Affairs, and Chairman of the Federal Tax Authority. Al Tayer was answering a question from a member of ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, chaired the UAE Cabinet on Tuesday and was briefed on the latest developments and preventive measures taken by all concerned national authorities to protect the community from the new coronavirus (Covid-19). The cabinet reviewed all procedures and ...