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Bloomberg Air France-KLM shares jumped the most in more than a year after a French newspaper reported that the troubled carrier is getting closer to appointing a new boss, and June traffic figures were better-than-expected. The French government — the airline’s biggest shareholder — is pushing Catherine Guillouard, who heads Paris metro operator RATP, as the future chief executive officer, ...

Bloomberg Amazon may be the bogeyman for many a business, and shopping mall investors have been among the most frightened. But MallPlaza’s not scared. The Chilean mall operator is prepping for an IPO this month, and its executives have been shrugging off the threat posed by the titan of e-commerce in recent meetings with analysts, citing the frequent addition of ...

ABU DHABI / WAM The Construction Cost Index (CCI) in Abu Dhabi reached a level of 103.5 percent during the first quarter of 2018, an increase of 9.9 percent compared to the first quarter of 2017, according to statistics issued by the Statistics Centre-Abu Dhabi, SCAD. Construction costs also rose during first quarter of 2018 by 5.6 percent, compared to ...

DUBAI / WAM Dubai will host the first Global Investment in Aviation Summit (GIAS) — a major aviation conference — to be attended by the world’s 500 top aviation investors, as the UAE emerges as the region’s biggest aviation hubs. The high-profile delegates from 40 countries will include 20 aviation ambass- adors, ten knowledge partners, 200 aviation officials and 300 ...

SHARJAH / WAM The Sharjah Investment and Development Authority (Shur-ooq) has announced, in cooperation with General Hotel Management Ltd (GHM) that September 1 will be the opening date for the region’s most coveted heritage resort, “Al Bait,” located in the Heart of Sharjah the largest historical preservation and restoration project in the region. The opening of the five-star hotel, Al ...

DUBAI / WAM The Ministry of Climate Chan-ge and Environment (MoCCAE) and Shalimar Biotech Industries, inked agreement to establish vertical farms on the ministry’s land in Dubai. Under the terms, MoCCAE will allocate 7,600 sqm of its land, provide Shalimar Biotech Industries with logistical support, and provide the services needed for the project. The company will establish 12 vertical farms ...

DUBAI / Emirates Business Going green has now become a key business strategy and retailers that adopt sustainable practices in their operations will continue to harness value and gain competitive advantage, industry reports reveal. Consumers across all demographics are increasingly becoming more eco-conscious as reflected in the Nielsen Global Survey on Corporate Social Responsibility, which found that 55% of global ...

DUBAI / WAM The Roads and Transport Authority (RTA) revealed that the total ridership of marine transit modes in Dubai has clocked 7,182,435 riders during the first half of this year. Abras accounted for the biggest number of commuters ferrying as much as 6,867,348 riders. “Serving 7,182,435 riders in six months by marine transit means is indicative of the public ...

ABU DHABI / WAM Abu Dhabi General Services Company (Musanada) has revealed that 66 percent of the AED4.4-billion ($1.2 billion) New Al Ain Hospital, a project with a total built up area of 347 thousand square metres being executed in collaboration with Abu Dhabi Health Services Company (Seha), is now complete. “Musanada is keen on delivering these projects, of which ...

ABU DHABI / WAM A delegation from the Air Support Committee, responsible for monitoring the implementation of a light air sports system, visited a group of European companies that manufacture anti-drone devices and systems in France and Finland. The delegation was led by Colonel Pilot Salem Khalifa Al Suwaidi from the Ministry of Interior. The committee includes representatives of the ...