Tuesday , June 19 2018


Digital kiosk at DXB to inspire transit passengers to stopover

DUBAI / WAM Passengers travelling through Dubai International (DXB), can now virtually explore Dubai and experience the wide array of offerings available, thanks to a new, technologically advanced digital installation set up in Terminal 3, Concourse A, which even creates and sends passengers a tailor-made, two-day Dubai itinerary via email ...

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Abu Dhabi Airports achieves sustainability milestone

Abu Dhabi / WAM Abu Dhabi International Airport (AUH), earned an accreditation level of ‘reduction’ from the Airports Council International’s (ACI’s) Airport Carbon Accreditation programme. The programme provides a unique common framework and tools for active carbon management at airports, covering operational activities that contribute most to carbon emissions. In ...

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Indian auto-parts maker to get boost from regulation

Bloomberg Minda Industries Ltd., the Indian vehicle-component maker that’s seen its stock climb the most among peers in the past five years, is expected to benefit from tightening safety regulations in one of the world’s largest automobile markets. Shares of the components manufacturer, which supplies to companies including BMW and ...

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Coal plants keep shutting despite Trump’s order to rescue them

Bloomberg President Donald Trump has ordered a rescue of the nation’s struggling coal and nuclear power industries, but that doesn’t mean utilities are reconsidering the shutdown of unprofitable plants. Many power generators contacted said Trump’s June 1 announcement hasn’t altered their plans to retire old units even as the administration ...

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CYBG to buy Branson’s Virgin Money for $2.3 billion

Bloomberg CYBG Plc agreed to buy Virgin Money Holdings UK Plc for about 1.7 billion pounds ($2.3 billion) in an all-stock transaction, creating a bank with about six million customers to challenge Britain’s largest lenders. The purchase of the Richard Branson-backed bank gives consumer and business lender CYBG greater scale, ...

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LaSalle picks Blackstone’s $4.8 billion buyout bid over Pebblebrook’s offer

Bloomberg LaSalle Hotel Properties picked Blackstone Group LP as its preferred suitor, thwarting months of efforts by Pebblebrook Hotel Trust to buy the luxury-hotel owner, most recently for more than $4 billion. The Blackstone transaction values the company at $4.8 billion, LaSalle said on Monday in a statement. LaSalle’s board ...

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