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Industries & Sectors

Business & Finance - Industries & Sectors

Emirates to open up Dubai luxury lounges to lower-tier frequent flyers DUBAI: Emirates is opening up its lounges at its Dubai hub to lower-tier frequent flyer members in what is the latest move by the world's largest long-haul airline to look for new ways to boost revenues. Emirates, which reported a 75 percent drop in half-year profit in November, had previously restricted access to these lounges to higher-tier frequent flier members and business or first class travellers. In an email sent out to Skywards frequent flier members, seen by Reuters, passengers with Blue-tier status, the lowest of four membership categories, can pay $100 to access the airline's Dubai business lounge and $200 for the first class lounge. An Emirates spokeswoman confirmed to Reuters that the email was sent out to Skywards members. Other changes to the lounge access policy include Skywards members being allowed to pay for access for non-member travel companions and upgrading from business to first class lounges, according ...

Business & Finance - Industries & Sectors

Saudi carrier Flynas signs deal for 80 Airbus planes RIYADH: Low-cost Saudi carrier Flynas on Monday signed an $8.6 billion deal with European plane manufacturer Airbus to purchase 80 A320neo single-aisle jets.Flynas chairman Ayed al-Jeaid said at the signing ceremony in Riyadh that the deal includes an option for 40 more of the short to medium-haul planes in what airline executives said is a growing domestic market.Bander al-Mohanna, the chief executive of NAS Holding, signed the agreement with Fouad Attar, Middle East director for ...

Business & Finance - Industries & Sectors

Nissan picks London for first European on-road autonomous car tests LONDON: Japanese carmaker Nissan said it will conduct its first European real-world trials of self-driving cars in London, choosing Britain just months after it said it would build two new models in the country despite concerns over Brexit. The government has said it wants to encourage the development and testing of autonomous driving technology in Britain, helping build an industry to serve a worldwide market it reckons could be worth around 900 billion pounds ($1.1 ...

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Pemex sells Maya crude to US West Coast for first time since 2008 MEXICO CITY: Mexico's Pemex has begun selling heavy Maya crude for the first time since 2008 to US West Coast refiners, the head of the state oil company's international trading arm said on Thursday. Pemex will also market more light Isthmus crude this year to the US West Coast, most, if not all destined for California. The company plans to ship an average of 30,000 barrels per day (bpd) of Maya crude and 50,000 bpd ...

Business & Finance - Industries & Sectors

PetroVietnam, Exxon Mobil sign deal on gas generation HANOI: State energy group PetroVietnam (PVN) signed an agreement with the Vietnamese unit of US Exxon Mobil Corp on Friday to develop the country's biggest gas project for power generation, the state firm said. The Blue Whale project aims to produce the first gas for power plants by 2023. PVN said the project would contribute nearly $20 billion to the state budget, but it gave no timeframe for that contribution. Blue Whale is Vietnam's biggest ...

Business & Finance - Industries & Sectors

Monopoly suit against Apple's App Store gets new life SAN FRANCISCO: A US appeals court on Thursday revived a civil suit accusing Apple of creating a monopoly by making its App Store the only place to buy iPhone applications.The suit, initially filed in late 2011, seeks hundreds of millions of dollars in damages based on the reasoning that the lack of competition pushed app prices higher.An appellate court panel in San Francisco reversed a lower court judge's decision to derail the suit on the ...

Business & Finance - Industries & Sectors

India's SpiceJet to buy Boeing planes worth $22bn NEW DELHI: Indian airline SpiceJet said on Friday it had agreed to buy up to 205 Boeing planes worth $22 billion in what it said was one of the largest deals ever in Indian aviation.SpiceJet Chairman Ajay Singh said the low-cost airline, which has a 13-percent share of the Indian market, was expanding both its domestic and international operations."This is the largest deal for SpiceJet, it's one of the largest in Indian aviation and is ...