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Bloomberg Vinci SA agreed to acquire control of Gatwick Airport for 2.9 billion pounds ($3.7 billion) as the French construction company jumped on the chance to add a major London hub to its aviation portfolio. The purchase of the 50.01 percent stake in the world’s second-busiest single runway airport from a group of investors will be financed with pound-denominated debt, ...

Bloomberg Flights from New York’s LaGuardia airport were operating normally on December 28 after some were delayed or diverted overnight because of an explosion at an electrical substation that temporarily cut off power. “We have normal flight activity,” the airport said in a tweet shortly after 9 am in New York. Travellers should still check with their carrier on the ...

Bloomberg With just a few days left before 2018 is over, Airbus SE says it’s working flat out to reach a goal of delivering 800 jetliners during the year. The Boeing Co. rival is maximising efforts to meet its target, which requires it to hand over at least 127 aircraft to customers in December. Marketing chief Christian Scherer and his ...

Bloomberg Gap Inc. plans to shutter one of its major New York stores next month. The clothing retailer, which said in November that it may close hundreds of underperforming Gap stores, will shutter a three-story location at 680 5th Avenue on January 20, the company confirmed in an email. Chief Executive Officer Art Peck also said last month that the ...

Bloomberg The UK is planning to double the charge on disposable plastic bags issued by the country’s largest retailers to 10 pence as part of a drive to protect the environment. The fee will also be extended to all small shops, according to the plans published by the Department for Environment, Food and Rural Affairs. The proposals are subject to ...

Bloomberg Amazon.com Inc reported a record-breaking holiday season as shoppers loaded their online baskets with items from Echo speakers to Calvin Klein clothes, suggesting consumer optimism isn’t being deterred by a tumbling stock market. The internet retailer said “tens of millions of people worldwide” signed up for its Prime service, which offers free two-day shipping on millions of items as ...

RAS AL KHAIMAH / WAM Zaki Anwar Nusseibeh, Minister of State, stated that the memory of the country’s founder and the builder of its modern advancement, the late Sheikh Zayed bin Sultan Al Nahyan, will remain with the UAE’s people. He made this statement during a dialogue meeting, titled, ‘Centennial of Zayed,’ which was held on Wednesday by the Emirates ...

ABU DHABI / WAM The Abu Dhabi Municipality (ADM) attained new achievement this year when its building data management system (BDMS) was recognised among the global top five systems in the ‘International Best Practice Competition’ at the Global Organisational Excellence Congress. The congress, held in Abu Dhabi from December 10 to 12, saw the participation of 250 regional and international ...

DUBAI / Emirates Business The Middle East and North Africa (Mena) continue to present one of the world’s key growth regions for printing. In 2019, the total value of the commercial print business in Mena is forecast to reach $32 billion, according to research from Smithers Pira, the worldwide authority on the packaging, print and paper supply chains. They released ...

ABU DHABI / WAM HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, on Wednesday chaired board meeting of Abu Dhabi Fund for Development (ADFD)  on the Presidential Affairs ministry’s premises. The meeting addressed the status of the projects being funded by the ADFD in several countries along with future plans. A number of ...