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DUBAI / WAM flydubai announced its half-year (H1) results for the 2017 financial year and reported total revenue of AED2.5 billion ($689 million) an increase of 9.9 percent compared to the same period last year and a loss of AED142.5 million ($38.8 million). Passenger numbers increased to 5.4 million; an increase of 10.5 percent compared to H1, 2016. The number ...

Abu Dhabi / Emirates Business Organisers of the annual Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), hosted by ADNOC, have confirmed the event’s technical conference, already the world’s largest for oil and gas professionals, will see a significant increase in scope for 2017 to include the downstream industry for the first time, as well as more sessions for specialised ...

DUBAI / WAM ENOC Group announced that it has awarded the final contract of three packages that comprise its $1 billion refinery expansion programme to Overseas-AST. The Engineering, Procurement and Construction (EPC) contract includes the construction of various interconnecting pipelines between the refinery’s processing units, the storage tanks and the berth facilities within Jebel Ali Free Zone (JAFZA). The pipelines ...

Bloomberg Uber Technologies Inc. will appoint Expedia Inc.’s Dara Khosrowshahi to run the global ride-hailing leviathan, two people familiar with the matter said. He’ll succeed co-founder Travis Kalanick, who led the firm to $20 billion in annual bookings before scandals forced him out. In hiring Expedia’s chief executive officer, Uber will land a seasoned deal-maker and an outspoken critic of ...

Bloomberg Brexit talks resume on Monday with Prime Minister Theresa May under pressure on two fronts: European negotiators are pushing her to reveal her hand, while the opposition Labour Party has made a bid to lure May’s critics to their side. Labour’s announcement that it wants Britain to stay in the European Union’s single market and customs union for up ...

Bloomberg President Vladimir Putin’s ban on European Union cheese imports has driven up milk prices in Russia by so much that French yogurt maker Danone is transporting almost 5,000 cows to a farm in Siberia to ensure it has an affordable supply. The Holstein cows are traveling as many as 4,500 kilometres in trucks from the Netherlands and Germany, boosting ...

Bloomberg Oracle Corp. is hiring another 5,000 employees for its cloud software business as it fights Salesforce.com Inc. for market share in the fast-growing industry. The hiring surge aims to beef up what’s already Oracle’s fastest-growing business, increasing revenue by 58 percent in the quarter it reported June 21 compared with a year earlier. The move is the latest in ...

Bloomberg Pizza, Thai or Indian? You might think British takeouts have plenty of ways to serve hungry customers poring over menus from their iPhones or laptops. They can sell direct through their own apps or websites like Domino’s Pizza Group Plc and Pizza Hut, use delivery specialists such as Amazon.com Inc., UberEats and Deliveroo, or log on to a restaurant ...

Bloomberg China’s creating the world’s largest power company. The government of President Xi Jinping approved the merger of Shenhua Group Corp., the country’s top coal miner, with China Guodian Corp., one of the largest power generators, the State-owned Assets Supervision and Administration Commission said in a one-sentence statement posted online on Monday. The new entity, with assets of 1.8 trillion ...

Bloomberg China Petroleum & Chemical Corp., the world’s biggest oil refiner, posted 40 percent growth in first-half profit amid better earnings from its chemicals business as well as a narrower loss from producing oil and gas and lower financing costs. Net income rose to 27.9 billion yuan ($4.2 billion) in the six months ended June 30, the Beijing-based company known ...