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Bloomberg Air France has a week to gain support from pilots for its plan for a new lower-cost airline to win back market share from competitors, with a key union demanding guarantees on the number of flights the carrier will operate. SNPL union has put Air France’s latest proposal for pilots, which includes the plan for the new airline, to ...

Kuwait / Emirates Business Wendy’s, the third largest Burger chain in the world, is keeping the burger fans of Kuwait happy with a new restaurant opening in the Fahaheel area opposite Al Kout Mall. This stand-alone venue that can fit up to 32 seated diners is now open for all Kuwait foodies to enjoy. Owned by Alghanim Industries, one of ...

ABU DHABI / WAM The federal government revenues collected through e-Dirham surged to over AED2.5 billion during Q2 of 2017, a 25 percent growth over the corresponding period in 2016, according the Ministry of Finance (MoF), statistics. The government services revenues collected through the e-Govenment Website increased to a total of AED958,461,182 during the same period from AED1,583,950,310 during the ...

VIENNA / WAM Over $320 million worth of new funding to the benefit of developing countries across the world, has been approved by the OPEC Fund for International Development (OFID). This came during OFID’s Governing Board 159th session held in Vienna recently during which OFID Director General Suleiman Jasser Al-Herbish noted that the loans underline the international organisation’s commitment to ...

ABU DHABI / Reuters Telecoms group Etisalat terminated a management agreement with its Nigerian arm and given the business time to phase out the Etisalat brand in Nigeria, the chief executive of Etisalat International said on Monday. Nigerian regulators intervened last week to save Etisalat Nigeria from collapse after talks with its lenders to renegotiate a $1.2 billion loan failed. ...

Bloomberg The European Court of Justice may be able to make rulings that apply to the U.K. for a “limited” interim period after Britain’s withdrawal from the European Union, Prime Minister Theresa May’s spokesman said in yet another sign of the government’s softening of the country’s stance on Brexit. “He said the transition rules could involve the ECJ for a ...

Bloomberg The US is backing Sudan’s bid to join the World Trade Organization, a Sudanese official said, days before Washington is due to decide whether to permanently lift some sanctions imposed on the African country two decades ago. “Our team is very much satisfied with the support of the US for Sudan going into the WTO,” Sudanese State Investment Minister ...

Bloomberg Secretary of State Rex Tillerson will travel to Kuwait, Qatar and Saudi Arabia this week to meet with Gulf leaders as the US seeks to help end a standoff that pits US allies against one another. Tillerson will shuttle between Persian Gulf capitals from Monday to Thursday, US State Department spokesman R.C. Hammond said. The diplomacy is part of ...

Bloomberg Soldiers cleared explosives from Mosul’s historic quarter after its liberation all but ended IS presence in Iraq, three years of occupation that left a trail of human misery and devastation that could cost $100 billion to rebuild. Power and water supplies will be restored in the first phase of a 10-year program to rebuild Mosul, much of which was ...

Bloomberg Kenya’s President Uhuru Kenyatta drew criticism from the chief justice and the nation’s top legal body after he questioned the independence of the judiciary over a court ruling in favor of the main opposition. Kenyatta on Sunday said the courts were “increasingly getting entangled” in what he said was the opposition’s attempts to delay elections scheduled for Aug. 8. ...