Daily brief: No Airbus A320 for Qatar in 2017, Kuwait’s Agility profit rises
Qatar Airways will not take delivery of any Airbus A320neo aircraft this year, as it looks to change its order to larger A321neo, the company’s CEO said. Here are the top seven business stories you need to know today.
Nike to launch high-tech hijab for female Muslim athletes
Nike Inc will launch a hijab for female Muslim athletes early next year, becoming the first major sports apparel maker to offer a traditional Islamic head scarf designed specifically for competition, the company said on Wednesday.
China gives greenlight to dozens of Trump trademarks
China has granted preliminary approval for 38 trademarks linked to Donald Trump, documents on China’s state trademark office show, giving the U.S. President and his family protection were they to develop the “Trump” brand in the market.
Kuwait’s Agility Q4 profit rises
Leading global logistics provider, Agility, announced its 2016 financial results on Wednesday, reporting a net profit of KD 59.1 million, or 51.3 fils per share, an increase of 10.6 per cent over the same period in 2015. Revenue for the year stood at KD 1,234.0 million and EBITDA at KD 115.2 million.
McDermott plans manufacturing unit at new Saudi shipbuilding complex
US oilfield services and equipment provider McDermott International said on Wednesday it would build a fabrication yard at a shipbuilding complex planned by national oil giant Saudi on the kingdom’s east coast.
Etisalat Nigeria in talks over missed payment on $1.2bn loan
The Nigerian affiliate of Abu Dhabi-listed telecoms company Etisalat is in talks with local banks to renegotiate the terms of a $1.2 billion loan it took out four years ago after missing a payment, a senior executive told Reuters.
Qatar Airways chief says will not take any Airbus A320neos in 2017
Qatar Airways will not take delivery of any Airbus A320neo aircraft this year as it looks to change its order to larger A321neos, Chief Executive Akbar Al Baker said on Wednesday.
UAE’s Union National Bank to open China branch, expand in Egypt, CEO says
Union National Bank, 50 per cent owned by the Abu Dhabi government, will open its first branch in China next month, its chief executive said, as Gulf banks expand in the world’s second-biggest economy.