MUMBAI/DUBAI Creditors' hopes of resurrecting India's Jet Airways and salvaging some value from the bankrupt airline were dealt a fresh blow on Monday as two potential investors said they were no longer interested in putting money into the business.
DUBAI China might escort Chinese commercial vessels in Gulf waters under a U.S. proposal for a maritime coalition to secure oil shipping lanes following attacks on tankers, its envoy to the United Arab Emirates said on Tuesday.
DUBAI United Arab Emirates telecoms company du has discussed U.S. restrictions on Huawei with the Chinese company and believes they will not hamper its 5G network, its chief executive said on Wednesday.
DUBAI, July 14 Kuwait is to issue a virtual
telecom operator licence, effectively creating a fourth player
in a market serving roughly four million people.
DUBAI Etihad Airways has appointed former Aer Lingus chief financial officer Andrew MacFarlane as its new group CFO, a spokesman for the Abu Dhabi airline said on Monday.
DUBAI/ABU DHABI, May 29 Abu Dhabi is creating a
new holding company for seven state-owned firms with operations
ranging from airports to power supply to make it easier for them
to raise debt and improve services, three sources told Reuters.
DUBAI The United Arab Emirates, though a prominent foe of Iran in the Middle East's power struggles, has tempered its reaction to attacks on oil tankers off its coast in an effort to protect its reputation as a safe and stable business hub.
RIYADH/DUBAI Attacks on Saudi tankers and other vessels off the coast of the United Arab Emirates this week expose vulnerabilities in the security of a key oil-shipping route amid rising tensions between the United States, Iran and Gulf Arab states.
* UAE investigating attack on vessels near major bunkering
DUBAI Emirates will "work smart and hard" to improve its performance after the Gulf airline's profit hit a decade low as soaring fuel costs and a strong dollar took a toll on earnings, while passenger growth stalled.