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Ryanair seals deal with Irish pilots, sending stock higher

Bloomberg Ryanair Holdings Plc reached a new labour deal with protesting Irish pilots after a marathon negotiating session, pointing to the end of a dispute that’s disrupted travel for thousands of passengers across Europe. Shares of Ryanair rose the most in three months in Dublin, where the company is based, following 22 hours of discussions. The accord will now be ...

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Toys ‘R’ Us secured lenders reject paying for worker severance

Bloomberg The private equity owners of Toys ‘R’ Us may be taking unprecedented steps towards supporting the company’s former workers, but the lenders that financed its bankruptcy — and ultimate liquidation — are making no such promises. Angelo Gordon & Co. LP and Solus Alternative Asset Management don’t plan to contribute any more cash to benefit Toys ‘R’ Us employees ...

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Gulf Air receives first A320neo

Bahrain/ Emirates Business Gulf Air, the flag carrier of the Kingdom of Bahrain, took delivery of its first A320neo. The aircraft, powered by CFM LEAP-1A engines, made its maiden journey from Toulouse to Bahrain, landing at the Bahrain International Airport at 16:00 local time. The aircraft is the first of the 29 A320neo Family aircraft ordered during the 2016 Bahrain ...

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Arab coalition: Saudi intercepts, destroys Houthi ballistic missile

RIYADH / WAM Saudi Arabia’s Royal Air Defence Forces intercepted a ballistic missile launched by Iranian-backed Houthi militias towards the Kingdom, said the Arab Coalition Command in a statement. No injuries or casualties were reported. Colonel Turki Al Malki, the Arab Coalition official spokesman, said that at 21:25 on Friday, the Coalition Air Defence detected the launch of a ballistic ...

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Ibtikari initiative aims to help Emiratis advance tech start-ups

ABU DHABI / WAM The Khalifa Fund for Enterprise Development has issued a final call for applications for the fourth edition of “Ibtikari” (My Innovation), an intensive six-month incubator aimed at helping Emiratis advance their technology start-ups. The deadline to apply is August 31. This year’s updated version of “Ibtikari” is a result of a new partnership between the Khalifa ...

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Foundation laid for UAE mission in Kazakh capital

ASTANA / WAM Dr Mohammed Ahmed bin Sultan Al Jaber, UAE Ambassador to the Republic of Kazakhstan, has participated in laying the foundation stone of the UAE mission compound in Astana, in the presence of the mission staff and military attaché and the contractors. The new compound is an extension of the distinguished relations of friendship between the UAE and ...

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Plan to ensure smooth traffic flow during Eid holiday

DUBAI / WAM The Events Security Committee at Roads & Transport Authority (RTA) and Dubai Police has chalked out a plan for the traffic movement, and road security of the public celebrating Eid Al Adha holiday. Brigadier Expert Khalil Obaid Al Bishri, Acting Director of the General Department of Organization Protective Security and Emergency cum deputy Head of Events Security ...

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UAE delegation discusses future food security on Australia visit

DUBAI / WAM Mariam Hareb Almheiri, Minister of State for Food Security, concluded her trip to Queensland and New South Wales, Australia, by meeting with high-level federal government officials and visiting innovative private sector food production facilities to discuss important issues relating to future food security. Alongside, Dr Obaid Al Hayeri Salem Al Katbi, UAE Ambassador to Australia, and representatives ...

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Kofi Annan, former UN secretary general, dies

Bloomberg Kofi Annan, the soft-spoken Ghanaian diplomat who served as the first United Nations secretary-general from sub-Saharan Africa, has died. Annan died on Saturday after an unspecified short illness, according to a statement from his family and the Kofi Annan Foundation. He was 80. “Kofi Annan was a global statesman and a deeply committed internationalist who fought throughout his life ...

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