Bloomberg IndiGo, Asia’s biggest budget airline by market value, reversed a decision to slash employee salaries after the Indian government urged companies to avoid such practices, according to people with direct knowledge of the matter. The airline, operated by InterGlobe Aviation Ltd., had proposed pay cuts of as much as 15% for most staff but will no longer go through ...

ABU DHABI / WAM Abu Dhabi Ports on Thursday announced major initiatives to address concerns of its customers across its industrial and economic zone subsidiaries in these uncertain times. The relief package includes several measures for existing customers, including a three-month rent deferment for Q2, a freeze on late payment penalties and an exemption from Tawtheeq fees. The measures are ...

Dubai / WAM The Ministry of Finance (MoF) announced the launch of the upgraded version of the Emirates Gate system for government financial statistics reports. First launched in 2012, the updated system is part of the recommendations of the Government Financial Policy Coordination Council, which is chaired by Younis Haji Al Khoori, Under-Secretary of MoF, Chairman of the Government Financial ...