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Bloomberg Chinese conglomerate HNA Group Co.’s flagship carrier cancelled a planned bond sale after weeks of soaring interest rates that had forced the debt-laden group’s units to pay some of their highest borrowing costs ever. Hainan Airlines Holding Co. had planned to sell $151.2 million of the perpetual securities in China’s local market to repay maturing debt, according to a ...

Bloomberg Michael Kors Holdings Ltd., Ralph Lauren Corp. and other fashion brands are locked in a high-stakes contest this Christmas. But the winner won’t be the company that sells the most—it’ll be the one that winds up with the least amount of unwanted merchandise. After years of struggling to manage their inventory, brands are using increasingly sophisticated tools to track ...

Dubai / Emirates Business Countries in the Middle East region continue to remain significant markets for the latest homeland security and policing equipment and solutions, as governments prioritise the maintenance of a safe and secure society. This continued trend is evident as the 20th edition of Intersec expects more than 100 of the 1,300-plus exhibitors to showcase their frontline range ...

DUBAI / WAM The Dubai Airport Freezone Authority (DAFZA) has honoured 22 managers, heads of departments and employees following the completion of the fourth phase of its ‘Innovation Champions’ programme. The freezone is the first government entity to complete all stages of the Global Innovation Management Institute programme which falls in line with the DAFZA Innovation Strategy. The programme undertook ...

DUBAI / WAM The Dubai Land Department (DLD) announced the ‘Ejari’ smart application protects the rights of all parties in the real estate sector, including owners, tenants and property management companies. Following new upgrades introduced by DLD, the application has gained an even higher level of efficiency in enhancing user productivity. Mohamed Yahya, Deputy Executive Director of the Rental Affairs ...

Abu Dhabi / WAM The Abu Dhabi Judicial Department (ADJD) has launched the first phase of “Justice Intelligence” project, as part of the government’s Artificial Intelligence (AI) strategy and the UAE Centennial 2071. Yousuf Alabri, Under-Secretary of the ADJD, stated that other phases of the initiative will be rolled out during the first quarter of 2018, with the aim of ...

Sharjah / Emirates Business His Highness Sheikh Dr Sultan bin Muhammad Al Qasimi, Supreme Council Member Ruler of Sharjah and Her Highness Sheikha Jawaher bint Mohammed Al Qasimi, wife of His Highness the Ruler of Sharjah, and Patron of the Global NCDA Forum, on Saturday opened the most influential gathering of experts and decision makers in the field of Non-Communicable Diseases ...

Colombo / WAM Dubai Charity Association laid the foundation stone for the Sheikh Zayed Bin Sultan Al Nahyan Village in Sri Lanka. The village, located in Al Manar area, north of Sri Lanka, is planned to accommodate 50 houses for underprivileged families, a mosque for more than 270 worshippers, and a school with an occupancy capacity of 240 students. In ...

Abu Dhabi / WAM This year marks the 70th anniversary of International Human Rights Day, when in 1948; the United Nations General Assembly adopted the Universal Declaration of Human Rights. As the UAE celebrates this momentous occasion on December 10, here’s a look at some of the nation’s achievements in the human rights arena. Throughout its young history, the UAE ...

Dubai / WAM The Dubai Airport Freezone Authority (DAFZA), honoured 22 managers, heads of departments and employees following the completion of the fourth phase of its ‘Innovation Champions’ programme. The freezone is the first government entity to complete all stages of the Global Innovation Management Institute programme which falls in line with the DAFZA Innovation Strategy launched by HH Sheikh ...