Abu Dhabi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan issued the Federal Decree – Law No.33 of 2021 on the regulation of labour relations in the private sector that will take effect from February 2, 2022. The new decree-law seeks to enhance the elasticity, resilience and sustainability of the labour market nationwide, as well as ensure ...

Dubai / WAM Emirates announced at the Dubai Airshow 2021 on Tuesday that it will retrofit 105 of its modern wide-body aircraft with its Premium Economy product, in addition to other cabin enhancements. The 18-month retrofit programme, scheduled to begin at the end of 2022, will be entirely conducted at Emirates’ state-of-the-art Engineering Centre in Dubai. It will see 52 ...

Two of the world’s richest men, fighting over a near-bankrupt Indian retailer, have made so much noise that its board has woken up super cranky. In less than a week, the three independent directors of Future Retail Ltd have shot off two letters to the country’s competition authority, alleging that Amazon.com had deliberately misled the regulator about the true nature ...

There’s an old joke about a traveller asking for directions on a country road. “If I was going there,” the local guide eventually concludes, “I wouldn’t start from here.” That’s the situation President Joe Biden was expected to face in working out how to re-establish a dialogue on trade with China’s President Xi Jinping in their virtual summit. If you ...

It’s not often you hear someone brag about buying coffee with “money” — unless you’re moving among Bitcoin circles. Being able to use the cryptocurrency at chains like Starbucks Corp and Pizza Hut is being touted as a payments revolution by the looks of various selfies and videos coming out of El Salvador. President Nayib Bukele established Bitcoin as legal ...

That’s another old chestnut ticked off global business’s to-do list. After General Electric Co and Johnson & Johnson decided to break themselves up, oil major Royal Dutch Shell Plc is also taking an obvious long-standing idea from the shelf and turning it into action. Plans to scrap its Anglo-Dutch structure to coalesce around a UK domicile underscore the tremendous pressure ...

Bloomberg Saudi Arabian Airlines is contemplating an aircraft order from Airbus SE or Boeing Co that could total well above 100 jets as part of a push to lure more tourists. The carrier is targeting a fleet of 250 aircraft by 2030, adding around 100 for growth while renewing a significant chunk of an existing 150-plane fleet, Chief Executive Officer ...

Bloomberg Singapore Airlines Ltd will start flying freshly fitted Boeing Co 737 Max jets to countries including Malaysia, Indonesia and Thailand in the coming weeks, the company said on Tuesday. The carrier is absorbing six of the 154-seat narrow-body planes into its fleet with the integration of its SilkAir unit. Another is expected to enter service before March, and then ...

Bloomberg Hong Kong will consider imposing tighter restrictions on aircrew, Chief Executive Carrie Lam said, as the city prioritises its Covid-Zero policy in a bid to reopen the border with mainland China. Hong Kong flight crew already face some of the most onerous restrictions in the world, with Cathay Pacific Airways Ltd just saying any crew members who stayed in ...

Bloomberg Daily Harvest, a company that specialises in frozen-food products, including ready-to-blend smoothies, is valued at $1.1 billion after its latest round of funding, said founder and Chief Executive Officer Rachel Drori. The New York-based startup reached so-called unicorn status by raising $77 million in an equity-funding round led by Lone Pine Capital LLC that included participation from Lightspeed Venture ...