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Bloomberg Rolls-Royce Holdings Plc’s stock may rise 85 percent by 2020 as the company boosts its share of a growing market for aircraft engines, Eashwar Krishnan, managing partner of hedge fund Tybourne Capital Management said in Hong Kong. The company is at an “inflection point” Krishnan told the Sohn Conference. A low cash flow leads investors to undervalue Rolls-Royce, which ...

Emirates Business Dubai-based airline, flydubai, and Mercator, a global provider of software platforms and product-enabled solutions to the travel and transport industry, have announced the signing of a seven-year extension to their air cargo management contract. The renewal agreement reaffirms the continuation of the strategic partnership initiated in 2012, designed to provide flydubai with a next-generation technology platform that enables ...

Emirates Business Cleartrip, a leading mobile and online travel company in the Middle East, has officially launched an Arabic-language website to support its GCC market expansion efforts and provide users in the region with localized browsing and booking capability. The new website includes content and promotions relevant for Arabic-speaking audiences, and comes with a host of useful features, tools and ...

Bloomberg American Airlines Group Inc. began the first US test of new airport-security scanners that provide a more detailed view inside carry-on luggage and may allow travelers to keep laptops in their bags. The CT scanner, using technology borrowed from the medical world, is being used in a security checkpoint lane at Phoenix Sky Harbor International Airport, the airline said ...

DUBAI / Emirates Business Prepaid card demand and usage in the UAE is expected to rise as increased number of consumers seek cost-effective electronic payment solutions, with a low-risk of fraud, and flexibility of usage. According to a Research and Markets report on UAE Prepaid Cards Business and Investment Opportunities, the country is expected to record a 15.9 per cent ...

Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX) distributed around AED22.1 billion in cash dividends to investors during the first six months of 2016 on behalf of its listed companies. ADX Chief Executive, Rashed Al Blooshi, said, “The distributed cash dividends were sent via direct bank transfers to the accounts of investors who have updated their bank account details ...

ABU DHABI / WAM A total of 24 venture capital funds have been incorporated by the Securities and Commodities Authority (SCA) by the end of 2016, running assets of more than AED2.4 billion, according to SCA statistics. Most of these funds are affiliated to local banks and a number of other financial institutions, investing their assets in the UAE capital ...

DUBAI / Emirates Business The Dubai Airport Freezone Authority (DAFZA) participated at the 19th International Logistics and Material Handling Exhibition (SIL) in Barcelona, Spain. DAFZA’s participation in the event aimed to help increase foreign direct investment (FDI) opportunities between the Freezone and investors from Spain and the other participating countries.

Dubai / Emirates Business Sandooq Al Watan, a national initiative launched by prominent Emirati businessmen to support research projects, has announced an unprecedented initiative titled “Our Future”. The initiative aims to prepare the UAE for a post-oil era by supporting the establishment world-class Emirati start-ups and growing them into global companies that generate massive economic and social returns to the ...

Dubai / Emirates Business Rove Hotels, the contemporary lifestyle brand by Emaar Hospitality Group, has unveiled its fourth hotel, with a focus on the fast-growing meetings, incentives, conferences and exhibitions (MICE) tourism sector of Dubai. The home-grown Dubai hotel brand continues to offer strong value for business and leisure travellers, as Rove Trade Centre joins the portfolio of three other ...