Friday 29 April 2016
 
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Nirvana Travel official sales partner for Spain theme park

Abu Dhabi-based Nirvana Travel and Tourism has been named the official sales partner for Spain's leading theme park Port Aventura World following the signing of a global sales agreement at the Arabian Travel Market (ATM) being held in Dubai,

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300 global exhibitors take part in DEAL 2016

Over 300 global and regional exhibitors from 33 countries unveiled the industry’s top and latest rides, services, and equipment at the Dubai Entertainment Amusement and Leisure (DEAL) show this year, said event organisers. &

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Middle East M&A deal count remains steady in Q1

A total of 13 merger and acquisition deals with a value of $1.5 billion were announced in the Middle East in the first quarter of this year, according to a report. The total number of deals was the same as in Q1 2015, but the tota

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BP investors reject CEO’s $20m pay deal

BP's shareholders have voted against chief executive Bob Dudley's $20 million pay deal for 2015, a rare investor revolt for such a major company, after it recorded a record annual loss.   Some 59 per cent

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Masdar, BYD sign deal on clean energy solutions

UAE-based renewable energy company Masdar has announced a preferred partnership agreement with China’s BYD Company, a leading supplier of rechargeable batteries, aimed at promoting the commercialisation of clean transport and battery stora

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SR Technics wins major PW4000 order from Condor

SR Technics, a leading MRO (maintenance, repair and overhaul) service provider, has signed a deal with Condor Flugdienst, a part of the Thomas Cook Group Airlines, to service its Pratt & Whitney (PW) 4000 engine fleet.  

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UAE to sign new global deal on climate

The UAE is set to sign the Conference of Parties (COP) 21 global climate agreement on April 22, adopted by more than 195 countries at last year's climate change summit in Paris, according to a report.   The d

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Obama's inversion curbs kill Pfizer's $160bn Allergan deal

US drug maker Pfizer Inc agreed on Tuesday to terminate its $160 billion agreement to acquire Botox maker Allergan Plc, in a major victory to US President Barack Obama's drive to stop tax-dodging corporate mergers. The decisio

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Lockheed gets $1.5bn deal for C-130J aircraft

Lockheed Martin Corp has won a contract worth $1.5 billion for work on 28 C-130J military transport aircraft funded by the fiscal 2016 defence budget, the Pentagon said on Thursday in its daily digest of major contracts. The contr

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Iran not essential for Doha oil deal: Lukoil shareholder

Iran's participation is not essential for the oil market to move closer to balance if a global agreement on freezing production is signed in Doha next month, Leonid Fedun, one of Russia's most prominent oil bosses, said. &

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