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Bloomberg Cell C Pty Ltd. plans to raise as much as $464 million from the sale of two bonds as part of the South African mobile-phone company’s recapitalisation that will enable Blue Label Telecoms Ltd. to buy a stake, according to two people familiar with the matter. The country’s third-largest wireless carrier will sell $184 million of three-year senior secured ...

Bloomberg UniCredit SpA, Italy’s No. 1 bank, said hackers accessed about 400,000 client bank accounts in Italy, taking biographical and loan data in one of the biggest breaches in Europe to date. The breaches occurred in September and October of 2016 and June to July of this year, the bank said on Wednesday in an emailed statement. Unauthorised access through ...

Bloomberg Malaysia Airlines Bhd. is in talks with potential investors for new charter flights to carry Muslim travelers on the annual Hajj pilgrimage, a service planned to give a new lease of life to surplus A380 superjumbos at the unprofitable carrier. The carrier will apply for a license with Malaysian authorities this quarter and expects the service — a separate ...

Bloomberg Airbus SE’s superjumbo production cuts are starting to affect suppliers, with GKN Plc saying the slow-selling A380 is weighing on revenue, highlighting the intertwined nature of the aviation industry as the U.K. engineer considers following the planemaker should it move plants abroad after Brexit. The impact of Airbus’s plan to slow output of the double-decker A380 is being felt ...

WAM Passenger traffic at Dubai International (DXB) surpassed 43 million in the first half of 2017, according to the traffic report issued today by operator Dubai Airports. During the first six months, the top country destinations in terms of total passenger volumes were India, with 5,943,359 passengers, followed by Saudi Arabia, the UK with 3,064,172 passengers, Pakistan, and 1,561,559 flyers ...

Bloomberg South African Airways asked the government for $772 million as part of a recapitalization plan aimed at returning the state-owned carrier to profit, according to Finance Minister Malusi Gigaba. The request was included in a one-year corporate plan submitted by the airline to the National Treasury in March, Gigaba said in a written reply to a question from opposition ...

Bloomberg Air Baltic Corp., the Latvian carrier that’s gone from near collapse to launch customer for Bombardier Inc.’s largest C Series jetliner, aims to secure a strategic investor as soon as the end of this year after attracting a global lineup of potential bidders. Lazard Ltd., which is managing the sale, has drawn up a shortlist including other airlines as ...

ABU DHABI / WAM Abu Dhabi’s trade in pearl, gemstones and precious metals surged to AED4.9 billion during the first four months of the year, posting an impressive growth of 25.6 percent over the corresponding period last year, according to Statistics Centre-Abu Dhabi. The trade inflowing via the country’s air, land and sea ports of entry accounted for 8.4 percent ...

DUBAI / Emirates Business The UAE is benefitting more from the rebound in world trade flows and growth in global tourism than other GCC economies, according to ICAEW. In a new report, released on Tuesday, the accountancy and finance body says the UAE has a more favourable economic outlook because it is the most diversified economy in the GCC. Fuel ...

Dubai / Reuters Abu Dhabi National Oil Co (ADNOC) has cut its crude allocations by 10 percent for September for the majority of its customers, an ADNOC spokesman said on Tuesday. Reuters reported earlier that the company had notified two term buyers in Asia that they would receive 10 percent less crude for September, according to two sources familiar with ...