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3601 - 3610 from 16553 . In "BUSINESS"
Self-Disinfecting
Boeing’s CTI aims to protect health and safety of passengers
DUBAI — Across the Middle East and elsewhere in the world, things are getting back to ‘business as usual’ as restrictions imposed during COVID-19 are being slowly eased. Airlines are gradually resuming operations and while people are looking forward to being able to fly again, there is hesitancy and concern around the health risks of air travel.Boeing aims to address these concerns through its Confident Travel Initiative (CTI) where the company will work with stakeholders across the aviation industry’s eco-system to establish industry-recognized cleaning and disinfecting recommendations.“Boeing is committed to the health of airline passengers and crew,” said Jim Haas, director – product marketing, Boeing Commercial Airplanes. “We’re working with partners to enhance...
June 09, 2020

Boeing’s CTI aims to protect health and safety of passengers

Hyundai Motor Company has launched the new Azera with a facelift.
Hyundai launches Azera with facelift in Saudi Arabia
RIYADH — Hyundai Motor Company has launched the new Azera with a facelift as its latest vehicle that will hit the roads in the Kingdom of Saudi Arabia. To stand out from the competitive sedan segment in the region, Hyundai’s top flagship sedan has arrived with upgraded styling and features.The Azera has undergone a facelift with its transformation redefining luxury, innovative design and boasts advanced technology features and will be available in showrooms in Saudi Arabia. The new facelift will also be launched across other GCC countries in a phased manner in the coming months.With a rich history to date, the Azera represents another step forward for the next edition of Hyundai’s flagship sedan. The ‘Sensuous Sportiness’, Hyundai’s latest successful design philosophy, takes...
June 09, 2020

Hyundai launches Azera with facelift in Saudi Arabia

Autonomous Internal Terminal Vehicles (AITV) adds more smart capabilities to the integrated operation processes and infrastructures of DP World, UAE Region.
New autonomous ITVs to boost operational efficiency at Jebel Ali Port
DUBAI — Leading trade enabler, DP World, UAE Region and the autonomous vehicle, robotics and AI specialist DGWorld has entered a contractual agreement to equip Jebel Ali Port with a fleet of Autonomous Internal Terminal Vehicles (AITV´s), including all related integrations in the existing operation processes and infrastructures.DP World, UAE Region once again manifests its leadership and visionary role by introducing autonomous vehicles and related technologies into their daily operations, which supports their initiatives and strategy of introducing digitalization and newest technologies as the new global standard for traditional port operations, supply chains and to enable the future of trade.The contract signed between the two sides states, DGWorld will deliver and integrate their...
June 09, 2020

New autonomous ITVs to boost operational efficiency at Jebel Ali Port

Finastra research reveals strong interest in Open Banking among UAE banks
DUBAI — Finastra research reveals that nearly nine out of ten (88%) financial institutions in the UAE plan to enable Open Banking in the next 12 months. The demand from UAE banks for further collaboration is driven by innovation in customer service and the customer experience.However, the main factors challenging greater industry collaboration in the region, according to those surveyed, include potential reduced control indecision-making (48%), complex regulation (47%) and legacy systems (46%).The findings are revealed in Finastra’s ‘Open Banking and Collaboration: State of the nation survey 2020’, which was conducted before the Coronavirus outbreak amongst 774 financial institutions across the United States, United Kingdom, Singapore, France, Germany, Hong Kong and the UAE. More...
June 09, 2020

Finastra research reveals strong interest in Open Banking among UAE banks

Iraq renews full commitment to OPEC+ decisions
VIENNA — Iraq has renewed its full commitment to the oil production adjustments decisions reached in April 2020 by OPEC member countries and non-OPEC oil producing countries participating in the Declaration of Cooperation, noting the importance of team spirit and joint efforts to achieve stability and balance in the global oil market.A press statement by the OPEC quoted Iraq’s Ministry of Oil spokesperson Assem Jihad in this regard as saying, “Despite the economic and financial circumstances that Iraq is facing, the country remains committed to the agreement.”The spokesperson emphasized that Iraq has remained strong advocate over the years of all efforts that help in restoring stability and balance of the oil market.He pointed out that Iraq’s efforts in adjusting its oil...
June 06, 2020

Iraq renews full commitment to OPEC+ decisions

Kuwait’s Oil Minister and Acting Minister of Electricity and Water Dr. Khalid Al-Fadhil.
OPEC+ deal boosted oil market: Al-Fadhil
KUWAIT — Oil markets have witnessed a remarkable improvement recently due to the historic OPEC+ agreement said Kuwait’s Oil Minister and Acting Minister of Electricity and Water Dr. Khalid Al-Fadhil.Al-Fashil made this statement to KUNA after participating online on Saturday in the ministerial meeting of the Organization of Petroleum Exporting Countries (OPEC). The minister indicted that there are positive signs of a relative increase and a gradual improvement in global oil demand.Al-Fadhil affirmed that Kuwait played a prominent role n reaching this historic agreement, stressing Kuwait’s commitment to reduce its production according to the deal, which had significant impact on the improvement of the oil markets during the past weeks.He also expected the OPEC+ meeting to result in...
June 06, 2020

OPEC+ deal boosted oil market: Al-Fadhil

PHOTO-2020-06-06-13-19-23
WWE names Al Mashhadi Veep & GM MENA
RIYADH/ STAMFORD, CONN — WWE announced the appointment of Bandar Al Mashhadi as vice president & general manager, Middle East & North Africa (MENA).In his new role, Al Mashhadi will lead WWE’s strategic business initiatives and day-to-day operations in the MENA region and work with partners across all of WWE’s lines of business, including television, live events, marketing, sponsorship, advanced media, licensing and merchandising.He will also manage local operations for the company’s 10-year partnership with the Saudi General Entertainment Authority.“We are excited to welcome Bandar to our international leadership team and confident that his experience in managing successful partnerships in Saudi Arabia and the Middle East will have a significant impact on WWE’s continued...
June 06, 2020

WWE names Al Mashhadi Veep & GM MENA

Mubadala’s investment will translate into a 1.85 percent equity stake in Jio Platforms on a fully diluted basis. — Courtesy photo
India’s Reliance Jio Platforms to sell $1.2bn stake to Abu Dhabi’s Mubadala
ABU DHABI — Jio Platforms, India’s leading digital services platform and a wholly-owned subsidiary of Reliance Industries, announced on Thursday that Mubadala Investment Company (Mubadala), the Abu Dhabi-based sovereign investor, will invest $1.2 billion (AED4.4bn) in Jio Platforms at an equity value of $65 billion (AED239bn) and an enterprise value of $68 billion (AED250bn). Mubadala’s investment will translate into a 1.85 percent equity stake in Jio Platforms on a fully diluted basis.With this investment, Jio Platforms has raised $11.6 billion (AED43bn) from leading global technology and growth investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR and Mubadala in less than six weeks.Khaldoon Al Mubarak, Managing Director and Group CEO, Mubadala...
June 05, 2020

India’s Reliance Jio Platforms to sell $1.2bn stake to Abu Dhabi’s Mubadala

Etihad recently launched links from Melbourne and Sydney to London Heathrow, allowing direct transfer connections to and from the UK capital via Abu Dhabi. — WAM photo
Etihad Airways to offer transfer flights connecting key cities
ABU DHABI — Etihad Airways will link 20 cities in Europe, Asia and Australia via Abu Dhabi, effective June 10.In a statement by the airline on Thursday, the new transfer services will make it possible for those traveling on the airline’s current network of special flights to connect easily through the United Arab Emirates capital onward to key global destinations.Etihad recently launched links from Melbourne and Sydney to London Heathrow, allowing direct transfer connections to and from the UK capital via Abu Dhabi.Throughout June, Etihad is continuing to operate a network of special flights from Abu Dhabi to previously announced destinations across its international network. Easy transfer connections via Abu Dhabi will now be available from Jakarta, Karachi, Kuala Lumpur, Manila,...
June 04, 2020

Etihad Airways to offer transfer flights connecting key cities

he Sharjah Airport Authority has welcomed the decision of government agencies to open airports for transit flights.  — WAM photo
Sharjah Airport Authority welcomes resumption of transit flights
SHARJAH — The Sharjah Airport Authority has welcomed the decision of government agencies to open airports for transit flights, indicating that this decision is a step in the right direction, and comes within the policy of progressive economic openness that the UAE has committed to.In conjunction with Sharjah Airport’s announcement of its full readiness for the return of operations, Ali Salim Al Midfa, SAA chairman, said that the decision heralds the full opening of all world’s airports and the return of travel and tourism movement.He stressed that the authority has taken all necessary steps and made needed preparations, both in terms of operational and organizational procedures on one hand, and health and preventive measures that guarantee the smooth flow movement at the airport, and...
June 04, 2020

Sharjah Airport Authority welcomes resumption of transit flights

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