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Abu Dhabi / Emirates Business Etihad Aviation Group’s (EAG) treasury team has once again been acknowledged for airline treasury management excellence with four key accolades at the 2017 Adam Smith Awards presented by Treasury Today magazine. Following a string of successes in recent months with leading awards from various international organisations, the group took home further honours at the annual ...

Bloomberg Saudi Arabia is considering a plan to sell a stake in Riyadh airport, three people with knowledge of the matter said, as it embarks on a plan to raise billions of dollars through privatizations. Saudi Civil Aviation Holding Co. has asked local and international investment banks to pitch for the role of adviser on the sale of a significant ...

Bloomberg Pandora A/S, which has lost a third of its market value this year amid slowing US sales, is now betting on reviving its biggest market by replacing under-performing stores and hoping new products will be a bigger hit with consumers. “We’re not just waiting for the good times to return to the US retail market — we see things ...

DUBAI / Reuters Passenger traffic at Dubai International Airport (DXB), the world’s top airport for international passenger numbers, rose by 1.9 percent to 6.85 million in May from a year earlier, operator Dubai Airports said on Monday. About 36.97 million passengers used the airport from January to May, up 6.7 per cent from 34.6 million in the same period in ...

Dubai / Emirates Business Dubai Aerospace Enterprise (DAE) Ltd. announced that Osama Fattaleh, Chief Executive Officer of Joramco has submitted his resignation to pursue his interests outside the industry. His permanent replacement will be announced in due course. Amjad Korshlow, Chief Financial Officer of Joramco will serve as Acting Chief Executive Officer till a permanent replacement is named. Joramco Chairman ...

Bloomberg As Amazon.com Inc moves deeper into the grocery and fashion industries, the companies in its cross hairs could look to the UK for a lesson in how to handle an incursion from the Seattle-based giant. Dixons Carphone Plc, Britain’s largest consumer-electronics retailer, has thrived in an area where Amazon’s presence is long established. Selling an array of products from ...

Abu Dhabi / Emirates Business In the period January to May this year, the emirate of Abu Dhabi recorded nearly 2 million hotel guest arrivals (1,965,436), a 4% growth compared to the same period in 2016, figures released by Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi) show. Of this figure, domestic visitors account for more than 600,000 hotel ...

Sharjah / WAM Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier, today announced that starting from July 9, Sohar will become the third destination to join its Oman network. The new route complements Air Arabia’s existing operations in Oman to Muscat and Salalah, boosts travel and trade opportunities between the two Gulf countries, and provides ...

Dubai / Emirates Business The Dubai Chamber of Commerce and Industry has finalised its preparations to lead a high-level trade delegation to the Italian Riviera and southern France July 3-7 in cooperation with the UAE Ministry of Economy. The trade mission will cover Genoa, Monaco, and Nice, where a 20-member delegation from the UAE will meet with representatives from the ...

Abu Dhabi / WAM Yas Island achieved an extraordinarily successful Eid al-Fitr festive period with a record-total of 500,000 local visitors and international tourists to the island, according to Abu Dhabi Tourism and Culture Authority, TCA Abu Dhabi. The island hotel occupancy rates saw an impressive increase of 11 percent from last year over the Eid period. The week-long Eid ...