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Bloomberg Shares of Airbus SE handily pulled ahead of rival Boeing Co. this year after a pair of fatal 737 Max plane crashes led to the grounding of the US model’s entire fleet. Airbus is poised to finish the year ahead of Boeing for the first time since 2015, with an increase of roughly 50% since the start of January, ...

DUBAI / Emirates Business Emirates cabin crew has been named World’s Leading Cabin Crew 2019 at the World Travel Awards (WTA) Grand Final Gala Ceremony. The event marked the culmination of the WTA’s annual search for the finest travel and tourism organisations in the world, where winners of its six regional ceremonies compete for the coveted world titles. Emirates also ...

Bloomberg Boeing Co. executives met this week with pilots, flight attendants and industry consultants to build confidence in changes to the 737 Max jetliner, which has been grounded since March after two fatal crashes. The planemaker said it’s confident that finalised software updates will win regulatory approval, said John Goglia, a former US safety official and airline mechanic who attended ...

Bloomberg South Africa’s government has hired a veteran business-rescue specialist to take charge of the state-owned airline in a renewed attempt to restore it to financial health and remove a burden on the nation’s finances. Les Matuson and his team at Johannesburg-based Matuson & Associates will get 4 billion rand ($273 million) in working capital from creditors and the government ...

Dubai / WAM The 12th Arab Strategy Forum (ASF 2019), held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Monday outlined a comprehensive list of the greatest challenges and opportunities facing the region and the world over the next decade in the run-up ...

Bloomberg Oil fell from the highest close in almost 12 weeks as the effects of the US-China trade war countered Saudi Arabia’s surprise move to take additional crude barrels out of the market. Futures in New York slipped 1.1% after climbing 1.3% on December 6. The kingdom voluntarily pledged to pump 400,000 barrels a day less than mandated by Opec ...

ABU DHABI / WAM The net income of commercial and Islamic banks operating in Abu Dhabi amounted to around AED15 billion during the first half of 2019, representing 58 percent of total net income in 2018, according to the latest statistics released by the Statistics Centre – Abu Dhabi (SCAD). The banking sector in Abu Dhabi and the UAE, in ...

Bloomberg India’s parliament is set to approve legislation preventing Muslim migrants from neighbouring countries from receiving citizenship — the next step in Prime Minister Narendra Modi’s hardline Hindu nationalist program and one that’s seen to go against the nation’s secular constitution. The controversial citizenship bill has sparked protests and fear around India, with lawyers working overtime to help millions at ...

Dubai / WAM During UAE 5G conference, the Telecommunications Regulatory Authority (TRA), and Huawei released the TRA and Huawei ‘5G and IoT Joint OpenLab’ in Dubai, aimed at boosting 5G and the Internet of Things (IoT), services throughout the UAE, promoting innovation and collaboration across markets with the intention of creating an open ecosystem that will further ICT development across ...

Bloomberg The European Union (EU) imposed five-year tariffs on biodiesel from Indonesia to counter alleged subsidies to producers in country, a move that could prompt the Indonesian government to retaliate. The EU duties on Indonesian exporters of this type of biofuel, which is made from vegetable oils and animal fats for use in diesel engines, range from 8% to 18%, ...