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Bloomberg Aviation regulators warned Southwest Airlines Co. and its mechanics’ union that their contentious contract talks and legal fight are putting the carrier’s safety at risk. The Federal Aviation Administration sent the letter to Southwest and the Aircraft Mechanics Fraternal Association, urging the two parties to work cooperatively on safety issues. Southwest flies the most passengers on domestic flights of ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Wednesday announced allocation of AED5.8 billion ($1.6bn) for water and electricity projects in northern emirates. His Highness also approved an AED2.4 billion project to build dams and a federal water network that connects the water resources ...

Bloomberg The global economy is suffering more than expected from trade tensions and political uncertainty which are clouding prospects particularly in Europe, according to a gloomy report from the OECD. As these are the organisation’s first forecasts in almost four months, it’s partly playing catch-up with developments since then. In that period, little has gone right for the world’s biggest ...

DUBAI / WAM Nasdaq Dubai welcomed the listing of a $750 million conventional bond by Emirates Development Bank (EDB). It is the first product to be listed on the exchange by the bank, which is wholly owned by the UAE government. The listing supports EDB’s mission which includes contributing to the economic prosperity of UAE nationals by providing financing solutions ...

Bloomberg The US trade deficit widened in 2018 to a 10- year high of $621 billion, bucking President Donald Trump’s pledges to reduce it, as tax cuts boosted domestic demand for imports while the strong dollar and retaliatory tariffs weighed on exports. The annual deficit in goods and services increased by $68.8 billion, or 12.5 percent, Commerce Department data showed ...

Abu Dhabi / Emirates Business LuLu, the largest hypermarket chain in the Middle East, unveiled its Organic & Healthy food festival, which was inaugurated at LuLu Hypermarket at The Mall at World Trade Center, Abu Dhabi. As the health-conscious customer base in the country continues to increase, the week-long promotion features great deals and offers on healthy selection available across ...

Dubai / Emirates Business Malabar Gold & Diamonds, one among the largest jewellery retailers globally with a strong retail network of 250 outlets spread across 10 countries launched a special collection of diamond and 18K gold jewellery as a glittering tribute to the unspoken love of a mother. Arab Mother’s Day is celebrated on March 21 every year to honour ...

Abu Dhabi / WAM In a sweeping effort to protect marine resources, the Ministry of Climate Change and Environment, and the Environment Agency – Abu Dhabi, on Wednesday unveiled the UAE National Framework for Sustainable Fisheries 2019-2030, building on the recently completed UAE Sustainable Fisheries Programme (2014-2018). The strategic action plan – slated for execution by 2030 – seeks to ...

Dubai / WAM Nasdaq Dubai welcomed the listing on Wednesday of a $750 million conventional bond by Emirates Development Bank (EDB). It is the first product to be listed on the exchange by the bank, which is wholly owned by the UAE government. The listing supports EDB’s mission which includes contributing to the economic prosperity of UAE nationals by providing ...

DUBAI / WAM Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, highlighted the active role the UAE government is taking to realise the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, towards accelerating the adoption of artificial intelligence (AI), and its uses in ...