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Jewelry maker Pandora pushes back against US slowdown

Bloomberg Pandora A/S, which has lost a third of its market value this year amid slowing US sales, is now betting on reviving its biggest market by replacing under-performing stores and hoping new products will be a bigger hit with consumers. “We’re not just waiting for the good times to return to the US retail market — we see things ...

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DXB witnesses 6.85mn passenger traffic in May

DUBAI / Reuters Passenger traffic at Dubai International Airport (DXB), the world’s top airport for international passenger numbers, rose by 1.9 percent to 6.85 million in May from a year earlier, operator Dubai Airports said on Monday. About 36.97 million passengers used the airport from January to May, up 6.7 per cent from 34.6 million in the same period in ...

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DAE announces resignation of Joramco CEO

Dubai / Emirates Business Dubai Aerospace Enterprise (DAE) Ltd. announced that Osama Fattaleh, Chief Executive Officer of Joramco has submitted his resignation to pursue his interests outside the industry. His permanent replacement will be announced in due course. Amjad Korshlow, Chief Financial Officer of Joramco will serve as Acting Chief Executive Officer till a permanent replacement is named. Joramco Chairman ...

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