UPC endorses Al Raha Beach Promenade project

  Abu Dhabi / WAM The Abu Dhabi Urban Planning Council (UPC) approved Al Raha Beach Promenade, one of the key projects that will play a role in shaping the look and feel of the public promenade in Abu Dhabi’s Al Raha Beach East development, comprising 20 km of waterside pathways. The move is part of an effort to promote a ...

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Empower to showcase advanced solutions in district cooling at WETEX

  Dubai / WAM Emirates Central Cooling Systems Corporation (Empower) will participate in the Water, Energy, Technology, and Environment Exhibition (WETEX) 2016, which will run from October 4-6 at the Dubai International Convention and Exhibition Centre. The event is organised by the Dubai Electricity and Water Authority, DEWA, under the directives of Vice President and Prime Minister and Ruler of Dubai ...

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Sharjah-Dubai sloping road opens

  Dubai / WAM The Ministry of Infrastructure Development on Sunday inaugurated the sloping road that will serve the road users commuting from Sharjah towards Dubai. The road is part of Al Badea project implemented by the ministry with the aim to develop the intersection of Emirates and Maliha roads in the Emirate of Sharjah, at a total cost of about ...

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DCCA signs MoU with DHCA to offer best healthcare

  Abu Dhabi / WAM Dubai Creative Clusters Authority (DCCA) signed a partnership agreement with Dubai Healthcare City Authority (DHCA) to provide the best healthcare facilities across its ten free zones. Ahmad bin Byat, Director-General of DCCA, and Dr. Raja Easa Al Gurg, Vice-Chairperson and Group CEO of DHCA, signed the agreement, which is aimed at defining cooperation mechanisms to enable healthcare ...

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China Southern reports $225mn loss

  Bloomberg China Southern Airlines Co., Asia’s biggest by passengers, said its profits were dented by the yuan’s depreciation while two of the country’s largest private carriers reported an increase in earnings amid a surge in travel. China Southern also said it will consider breaking away from a decade-old policy of not hedging for fuel to revive earnings as nimbler ...

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M&S retreat from abroad can include a domestic clearout

  Bloomberg For Marks & Spencer, abandoning Europe is back in fashion. Investors should be grateful, but really, they should look to clean up the domestic closet as well. In 2001, when then-executive chairman Luc Vandevelde pledged to revive the retail chain’s domestic performance, he abandoned its foray onto the continent. Today, battling nimbler rivals on its home turf, new ...

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American deal removes hurdle to Republic’s bankruptcy exit

  Bloomberg Republic Airways Holdings Inc. reached a deal to continue providing regional flights for its largest customer, completing its third pact with the biggest US carriers and removing an obstacle on the path to exiting bankruptcy. The agreement with American Airlines Group Inc. is critical because the world’s largest carrier accounts for about half of Republic’s revenue, the bankrupt ...

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Air France-KLM to transform airline

Bloomberg Air France-KLM Group will overhaul its restructuring efforts, moving away from the previous chief executive’s strategy that strained relations with pilots, to a more conciliatory approach called “Trust Together,” reports said. Jean-Marc Janaillac, who became CEO in July, will unveil the program in November that seeks to lower costs as well as rebuild trust between management and labor, and ...

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Cathay Pacific is world’s least-favourite airline stock

  Bloomberg Cathay Pacific Airways Ltd. has collected an unwanted title. Equity strategists have less enthusiasm for the carrier than any other member of the Bloomberg World Airlines Index, according to a ranking of analyst ratings. Cathay shares have tumbled 11 percent this month, falling to a record low versus Hong Kong’s Hang Seng Index on August 22, as brokerages ...

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May warns of ‘difficult times’ as UK prepares to leave EU

  AP British Prime Minister Theresa May has warned that Britain faces some “difficult times” as it prepares to leave the European Union following the June referendum. She told the Andrew Marr Show in an interview that not all would be “plain sailing” as Britain withdraws from the 28-nation bloc. She said in her first extended interview since taking office ...

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