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Bloomberg Long-haul flights half way across the globe are making a comeback even with oil prices close to their highest in four years. About six months after Qantas Airways Ltd. started a direct service from Perth to London, Singapore Airlines Ltd. is bringing back its 10,400-mile jump to New York on October 11. Advances in technology and the advent of ...

Dubai / Emirates Business Thyssenkrupp, in partnership with its local distributor ARG Africa Ltd, is bringing its superior airport mobility expertise to Kotoka International Airport’s brand-new Terminal 3, including seven passenger boarding bridges, three escalators, 16 elevators, and over 40 auxiliary equipment units. The company has previously supplied solutions at airports across Africa, including Algeria, Cameroon, South Africa, Kenya and ...

Bloomberg After more than four decades at the helm of French Connection Group Plc, Chief Executive Officer Stephen Marks is preparing to sell the clothing company he helped create. The company said it’s in the early stages of looking for a buyer, lifting its shares as much as 45 percent. Marks, who has a stake of almost 40 percent, is ...

Abu Dhabi / Emirates Business­­­­­ The traditional idea of where we get the feeling of home has been disrupted, according to a global research project by IKEA Group. The fifth edition of the Life at Home Report — an annual study into domestic living trends around the world — found that 29% of people globally say there are places where ...

Abu Dhabi / Emirates Business Abu Dhabi Securities Exchange (ADX), region’s leading financial market, together with Aldar Properties, on Sunday rang the market opening bell to celebrate the listing of Aldar Investments’ new $500 million sukuk, marking the first corporate sukuk ever to be listed on the exchange. The sukuk, which was raised at a profit rate of 4.75% with ...

Abu Dhabi / WAM The UAE adopted a general expansionary fiscal policy during the first quarter of 2018 and increased its overall annual spending by 15.6 percent due to the recovery in oil prices, which led to increased proceeds from petroleum-based products. The recovery was also driven by a 21.7 percent increase in annual salaries and wages, as well as ...

DUBAI / WAM Emirates Central Cooling Systems Corporation (Empower) concluded its ‘240C Cool’ campaign, and achieved 4.1 percent savings on district cooling consumption in the past three months. The campaign, which was launched in July 2018, seeks to reduce energy consumption through mai-ntaining optimum temperature as well as reducing the value of customers’ consumption bills, in order to achieve sustainable ...

VIENNA/ WAM Suleiman Al-Herbish, Director-General of the OPEC Fund for International Development (OFID) has said that supporting development operations in the energy sector lies at the heart of OFID’s strategic plan to 2025. In a statement issued from OFID’s premises in Vienna, Al-Herbish reiterated OFID’s commitment to support sustainable development plans in Arab countries, particularly energy projects, and outlined various ...

Abu Dhabi / Emirates Business The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) has signed a Memorandum of Understanding with the Medical Tourism Association (MTA), to coordinate efforts to position Abu Dhabi as a world-leading medical tourism destination, with the MTA’s annual World Medical Tourism & Global Healthcare Congress event now being hosted in Abu Dhabi ...

ABU DHABI / WAM The Emirates News Agency (WAM), is already applying the latest innovations in the 21st century media sector, said Myron Belkind, during a visit to the UAE state agency. The Professorial Lecturer at the George Washington University’s School of Media and Public Affairs, and the former National Press Club President, said, “I am so thrilled to have ...