Business United Arab Emirates

  • DUBAI, United Arab Emirates— The Mideast's biggest airline, which touts luxuries like onboard showers and an extensive movie selection, is adding something a bit more down-to-earth for those in the back of the plane: charges to pick your own seat ahead of time. Dubai- based Emirates said on Tuesday that the new fees will apply to its two lowest fare categories of...

  • ABU DHABI/ BEIRUT, Sept 19- Syria's wheat harvest nearly halved to 1.3 million tonnes this year, the lowest in 27 years, as fighting and poor rainfall further degraded the farming sector and the nation's ability to feed itself. The government of President Bashar al-Assad was forced to tender this summer for an unprecedented 1.35 million tonnes of imported wheat...

  • Sept 19- The following timeline charts the schedule for Quebec's pension fund, the Caisse de Depot et Placement du Quebec, to finance and oversee the construction of a new 67 kilometer public transit system in Montreal, the third largest automated transportation system in the world behind those in Dubai and Vancouver. JUNE 2015- Quebec's parliament authorizes...

  • Sept 19- The following timeline charts the schedule for Quebec's pension fund, the Caisse de Depot et Placement du Quebec, to finance and oversee the construction of a new 67 kilometer public transit system in Montreal, the third largest automated transportation system in the world behind those in Dubai and Vancouver. JUNE 2015- Quebec's parliament authorizes...

  • ABU DHABI, Sept 18- National Bank of Abu Dhabi has postponed the region's first ever green bond after investors considered the pricing unattractive, banking sources told Reuters on Sunday. Green bonds have become an increasingly popular source of borrowing for banks in emerging markets, including in India and China in view of the growing demand for funds for...

  • ALBANY, N.Y.— GlobalFoundries says it will invest more than $2 billion to produce cutting-edge 7 nanometer computer chips at its upstate New York facility. The company said Thursday that research and development now underway will lead to the semiconductor being made at its Fab 8 facility in the town of Malta, north of Albany. The company employs 3,000 in Malta, New...

  • *South Africa wants to mine uranium, not enrich it. LONDON, Sept 15- A massive nuclear tender in South Africa is open to all bidders prepared to manufacture locally and share technology, and Russia is not the frontrunner, the head of the country's nuclear agency said. After meetings between Russian President Vladimir Putin and South African President Jacob Zuma,...

  • FRANKFURT/ LONDON, Sept 14- At least three leading chemical companies are set to vie for BP's stake in Chinese petrochemicals joint venture SECCO which could fetch more than $2 billion, sources close to the process said. Offers for the 50 percent stake, the British oil and gas company's largest investment in China, will be submitted in the coming days, the sources...

  • ORLANDO, Fla.— A vacation in Orlando is almost a rite of passage for some well-off Brazilians who often bring back suitcases filled with electronics and clothes that are cheaper in Florida than they are at home. But store manager Julio Martins has seen fewer of them this year at his Brazil Center Electronics store in the heart of Orlando's tourist district.

  • JetBlue

    A spat among airlines over which deserved the contract to fly U.S. government workers on certain routes intensified on Tuesday.

  • WASHINGTON, Sept 13- A spat among airlines over which deserved the contract to fly U.S. government workers on certain routes intensified on Tuesday, with the chief executive of JetBlue Airways Corp calling rivals hypocritical for protesting its award. The largest U.S. airlines have taken issue with a contract for federal employees to buy flights between New...

  • LAGOS/ ABUJA, Sept 13- Foreign airlines flying to Nigeria have started to refuel abroad to bypass pricey, and increasingly scarce, jet fuel as the oil producer battles a hard currency shortage that has made fuel available only at a very high price. It is the second blow for airlines operating in Africa's recession-hit biggest economy in a year that first saw the...

  • LAGOS/ ABUJA, Sept 13- Foreign airlines flying to Nigeria have started to refuel abroad to bypass pricey, and increasingly scarce, jet fuel as the oil producer battles a hard currency shortage that has made fuel available only at a very high price. It is the second blow for airlines operating in Africa's recession-hit biggest economy in a year that first saw the...

  • Brent crude futures were down 60 cents at $47.41 a barrel by 1352 GMT, having recovered from a session low of $46.90, while U.S. crude rose from an intraday low of $44.72 to trade at $45.23, down 65 cents. "The idea that we will continue to bounce off the $50 per barrel handle is proving correct," said Matt Stanley, fuel broker at Freight Investor Services in Dubai, pointing...

  • Brent crude oil futures had fallen $1.06 on the day to $46.95 a barrel by 1125 GMT, bringing the percentage loss for the last two sessions to 6.1 percent, the biggest such decline since the last week in June. "The idea that we will continue to bounce off the $50 per barrel handle is proving correct," said Matt Stanley, fuel broker, Freight Investor Services in Dubai,...

  • LONDON, Sept 12- London's Heathrow Airport, which is battling Gatwick for government approval for an extra runway, said it handled a record 7.34 million passengers in August, with more flying to the Middle East and Latin America. The British government is expected to rule in the coming weeks on whether to build a third runway at Heathrow or its rival Gatwick after a...

  • *China fuel exports expected to soar later this year. Brent crude oil futures were down 53 cents to $47.48 a barrel by 0830 GMT, while U.S. "The idea that we will continue to bounce off the $50 per barrel handle is proving correct," said Matt Stanley, fuel broker, Freight Investor Services in Dubai, pointing to "the dynamic of shale oil" as the main factor pulling prices back...

  • *China fuel exports expected to soar later this year. "The idea that we will continue to bounce off the $50 per barrel handle is proving correct," said Matt Stanley, fuel broker, Freight Investor Services in Dubai, pointing towards "the dynamic of shale oil" as the main reason to have pulled prices back down. Oil's near six-percent price decline since Sept. 8 partly...

  • *China fuel exports expected to soar later this year. International benchmark Brent crude oil futures were trading at $47.19 per barrel at 0645 GMT, down 82 cents, or 1.71 percent, from their previous settlement. "The idea that we will continue to bounce off the $50 per barrel handle is proving correct," said Matt Stanley, fuel broker, Freight Investor Services in...

  • A test conducted by PlaneGard, which makes cases meant to contain the fire and smoke if a device’s battery malfunctions during a flight.

    So far there have been no airliner disasters specifically attributed to digital devices. But experts worry about the sheer mathematics. NYT reports.