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Bloomberg Airbus SE is favoured to pull in an order from Singapore Airlines Ltd. affiliate Vistara for as many as 60 new-engine single-aisle airliners to gain a stronger foothold in the booming Indian market, according to people familiar with the negotiations. The airline is leaning towards buying the A320neo jets after a contest with Boeing Co.’s 737 Max model, according ...

Bloomberg Boeing Co. said it will push for open and fair trade after President Donald Trump announced duties on steel and aluminum imports from some of America’s allies on national security grounds. “We’ve done a preliminary analysis and we don’t see it having a material effect on our financials,” sales chief Randy Tinseth said in an interview during a gathering ...

Bloomberg Chinese conglomerate HNA Group Co. agreed to add locally built aircraft to its fleet as part of an effort to bolster a state-owned planemaker that is developing jets to eventually compete against giants Airbus SE and Boeing Co. Signing a cooperation agreement with the Commercial Aircraft Corp. of China (Comac) Ltd., HNA said in a joint statement that it ...

Bloomberg Walmart Inc. wants to be your personal shopper — if you’re lucky enough to be invited. The world’s biggest retailer unveiled Jetblack, a concierge shopping service for busy urban families. For $50 a month, members can text their requests and receive same-day delivery from Walmart, Jet and other retailers like Saks and Sephora with gift wrapping included. The service ...

YEMEN/ WAM As many as 36 members of the Iranian-backed Houthi militias including their leader were killed during confrontations with the Yemeni National Resistance Forces on different fronts in Yemen’s Red Sea Coast. The confrontations between the Yemeni Resistance Forces and the Houthi militias centered in the Taif, Al Husayniyah, and Tahita areas. The Resistance Forces were able to clear ...

Abu Dhabi / WAM Maqta Gateway, an Abu Dhabi Ports subsidiary, is the first Abu Dhabi entity to develop and launch its own blockchain technology, named Silsal. It will combine blockchain technology and unique digital user identities to provide a seamless and secure link between stakeholders across the trade community. Blockchain technology acts as an open digital ledger that can ...

AJMAN / WAM The strategic and dynamic location of the Ajman Free Zone (AFZ) plays a significant role in driving the commercial and industrial sectors in the emirate, in particular, and in the UAE, in general, with the AFZ management stepping up efforts to maintain its investment-conducive environment as a leading business hub in the region. The number of companies ...

DUBAI / WAM Dubai Mercantile Exchange (DME), the premier international energy futures and commodities exchange in the Middle East, reported a new exchange-wide open interest record of 69,183 lots on May 31. This total is equivalent to almost 69.2 million barrels of crude oil. The latest figure surpasses the previous open interest record of 68,470 lots, which was set on ...

DUBAI / WAM The Logistics District at Dubai South has launched Masary, a new smart electronic system that reduces the transit time of goods and vehicles. The new system is considered the first of its kind in the region and will positively impact the traffic of goods and vehicles that move through the district. The Masary system is part of ...

OTTAWA / WAM The UAE Minister of Economy, Sultan bin Saeed Al Mansouri, has met with the Canadian Minister of Transport, Marc Garneau, and discussed ways to develop joint cooperation in the air transport field and reviewed the offer made by the Canadian side to increase the number of direct flights between the two countries. During the meeting, Al Mansouri ...