October 15, 2019

Emirates Group's airport services unit Dnata is exposed to UK's bankrupt tour operator Thomas Cook, which is expected to affect the group's first-half financial results, its president Tim Clark said.

An assessment of Thomas Cook's impact is ongoing but it is 'not a small amount', Mr Clark said on Monday at an aviation conference in Dubai. 'We will have to take it in the first half,' he said, without specifying the financial value of the potential impact. Dnata counted Thomas Cook as a customer for services such as ground-handling and catering.

Emirates'"...

October 15, 2019

The global aviation sector is expected to pick up next year, and the trade war between the US and China will be resolved at around the same time as the US heads into its presidential elections, said Sir Tim Clark, president of Emirates airline.

While speaking at an aviation conference in Dubai on Monday, Clark warned that airfares could surge as a result of the tit-for-tat tariff war between the US and Europe on import of aircraft.

'Global consumer confidence is falling and we are in a state of disequilibrium. It can be salvaged. With the US presidential elections"...

October 15, 2019

Air Arabia, the UAE's only listed airline, expects to make a decision on an order for up to 120 planes by early next year as it continues discussions with both Boeing and Airbus, its chief executive said.

The Sharjah airline is looking at narrow-body models including the Airbus A220 and Boeing 737 Max. It will make a decision before the end of this year or by January 2020, Adel Ali, chief executive of Air Arabia, told an aviation conference in Dubai on Monday.

'We need to make that decision ... we are talking to everybody,' Mr Ali said.

Air"...

October 15, 2019

The Airways Aviation Group announced today the acquisition of the renowned French Aviation Education & Training organisation ESMA (Ecole Supérieure des Métiers de l'Aéronautique).

“These are unprecedented times in aviation as we accelerate & expand our already significant global presence & capability and offer even more solutions to the industry’s increasing demand for properly trained & qualified people. The Airways Aviation Group is one of very few global brands in aviation education & training and we will continue to solidify our positioning as we service existing partners and develop"...

October 14, 2019

Several Etihad Airways flights to Japan have been canceled as super typhoon Hagibis bears down on Tokyo, causing power outages, flooding and widespread travel disruption.

An Etihad spokesperson told Khaleej Times on Saturday that flights EY888 from Beijing to Nagoya and EY889 from Nagoya to Beijing on October 12 have been cancelled.

Flight EY888 from Abu Dhabi to Nagoya on October 11 and return flight EY889 from Nagoya to Abu Dhabi on October 12 have also been cancelled.

Flight EY878 from"...

October 13, 2019

The Dubai Air Navigation Services (DANS), the entity responsible for air traffic control at Dubai’s airports and the Northern Emirates, said it has extended its joint collaboration agreement with UK-based Serco for another two years.

One of the world’s largest private air navigation services companies, Serco provides management and operational services for airports and air traffic control globally.

The"...

October 11, 2019

Deltix, Inc. announced that its CryptoCortex digital asset trading platform is integrated with Curv, the cloud-based wallet provider. Deltix, which launched the CryptoCortex platform in 2018, has been providing quantitative research, analytics and algorithmic trading solutions for equities, futures, options and forex for over 12 years. CryptoCortex provides advanced digital asset-trading capabilities to buy-side discretionary and systematic traders, market makers, OTC desks, exchanges and broker/dealers. Curv provides a multi-party computing (MPC) digital “hot” wallet solution, which eliminates the burden of managing private keys in securing digital assets. Recently named a Gartner Cool Vendor in an article highlighting the power of MPC, Curv can also offer an insured hot wallet, the first of its kind in the crypto space. “We are delighted that CryptoCortex traders can now use Curv’s MPC wallet solution.” said Ilya Gorelik, Founder & CEO at Deltix. “It provides a powerful and flexible alternative to private key based digital asset storage and access.” “I’ve been watching CryptoCortex evolve for several years now,” said William Herkelrath, CRO at Curv. “The power of a unified order book, matching engine, and analytical trading suite all within a single platform is significant – and we’re excited to be able to offer a keyless MPC wallet as......

October 11, 2019

Yokogawa Electric Corporation (TOKYO:6841) announces the release of Dynamic Real Time Optimizer, a solution in the OpreXTM Asset Operations and Optimization family. Using a combination of first principles simulation and multivariable predictive control technology, the Dynamic Real Time Optimizer software helps to optimize plant operations.

This integrated solution is based on Yokogawa’s advanced process control technologies and industry knowledge and simulation technologies developed by KBC Advanced Technologies Limited (KBC, CEO: Andrew Howell), a UK-based Yokogawa subsidiary. This solution enables plants to quickly respond to dynamically"...

October 10, 2019

Abu Dhabi-based Etihad Airways, the national carrier for the UAE, has targeted a return to profitability by 2023, according to its chief commercial officer.

Robin Kamark told a media briefing that the company’s five-year transformation plan is “comprehensive” and “yielding results”.

“What we anticipated in the plan is a cautious steady growth, not sort of extraordinary growth,' Kamark said.

We also see that the international business market and the"...

October 10, 2019

Peru, one of the world's fastest-growing Latin American nations, is all set to expand its exports of a wide range of goods to the Kingdom of Saudi Arabia (KSA), a move that is aligned with the growing Peruvian exports to the wider Asian region. The KSA is one of the top priority desti- nations of Peru’s latest export master plan.

The most important goods imported from Peru to KSA include fresh grapes and other fresh fruits, fish flour, quinoa, candies and confectionaries. Other imports include fresh vegetables, coffee, fresh nuts and safety glass.

Peru is"...