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British Airways unions reject pay proposal

Bloomberg Employee unions at British Airways (BA) urged members to reject the airline’s latest pay proposal and said they will begin preparing for a potential industrial action. The biggest airline of International Consolidated Airlines Group SA has been facing a coordinated campaign for bigger salary increases from pilots, cabin crew and ground staff since November. The effort is challenging British ...

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Abu Dhabi’s exports up 36.6%

Abu Dhabi / WAM The value of exports through Abu Dhabi ports increased by 36.6% from AED 12.6 billion in Q4 2017 to AED17.2 billion in the same period of 2018, according to the figures released by Statistics Centre —Abu Dhabi. The business sector increased by AED4.0 billion (32.6%), the government sector by AED 518.4 million (726.1%), and the individual ...

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Aramco to buy $69 billion Sabic stake in record deal

Bloomberg Saudi Aramco, the world’s biggest oil producer, will buy a majority stake in local chemical giant Sabic from the kingdom’s sovereign wealth fund for $69.1 billion, transferring a big slug of cash from one arm of the state to another to help finance Crown Prince Mohammed bin Salman’s economic agenda. The Middle East’s biggest ever deal was first mooted ...

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