Bloomberg UK retailer John Lewis Partnership Plc cut employee-owners’ annual bonus to the lowest level in more than half a century, underlining the depths of the crisis in the country’s shopping districts. The operator of department-store chain John Lewis and grocer Waitrose said it cut the bonus to reduce debt, maintain investment and retain cash as it wrestles with uncertainty ...

Emirates Business The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), decreased 1.8% in January 2019, compared to the same period in 2018. This was the worst performance in the last three years. Freight capacity, measured in available freight tonne kilometers (AFTKs), rose by 4.0% year-on-year in ...

Bloomberg A four-month-old Ethiopian Airlines Boeing plane en route to Kenya’s capital, Nairobi, crashed on Sunday, killing all 149 passengers and eight crew, the airline said in a statement. The crash is the second in five months involving a Max 8 after a Lion Air plane that had been delivered only 2 1/2 months earlier nose-dived into the Java Sea ...

DUBAI / WAM In 2018, Dubai external trade through the Dubai Creek made AED14.54 billion ($3.96 billion) (AED13 billion in re-exports, AED1.246 billion in exports, and AED328 billion in imports), according to Dubai Customs chief. Dubai Customs always provides support to the maritime sector towards a more diversified economy in line with the Dubai Plan 2021. This helps in facilitating ...

Bloomberg Opec crude oil shipments to the world’s largest economy sank to a thirty-year low as part of an effort by the cartel and its allies to balance supplies and counteract America’s shale boom. Opec supply cuts that started in 2017 were extended in 2018. The end result was Saudi Arabia cutting exports to the US by 9 percent to ...

Dubai / Emirates Business Al Habtoor Motors the exclusive distributor of Mitsubishi Motors in the UAE, has launched the much awaited all-new 2019 L200 pick-up truck at Habtoor Grand Resort. The exciting unveiling was attended by motoring enthusiasts, members of the media, fleet & business customers and top management of Al Habtoor Motors and representatives from Mitsubishi Motors Middle East ...

Abu Dhabi / Emirates Business Under the patronage of His Highness Sheikh Hazza bin Zayed Al Nahyan, Vice Chairman of the Abu Dhabi Executive Council, Bett Middle East and Africa region (MEA) is back with a two-day education technology summit and expo in partnership with Abu Dhabi Department for Education and Knowledge (Adek) and in collaboration with their Worldwide Partner ...

SHARJAH / WAM The International Government Communication Forum (IGCF 2019), will launch the first-ever Researchers Platform offering information and academic content related to government communication, during its upcoming edition, slated to take place from March 20-21, at Expo Centre Sharjah. The Researchers Platform, an initiative by the International Government Communication Centre (IGCC), will feature academic and knowledge activities that highlight ...

ABU DHABI / WAM The UAE Ministry of Interior (MoI), announced that the Ninth International Exhibition for National Security and Resilience (ISNR Abu Dhabi 2020) will run from March 17-19, 2020 at the Abu Dhabi National Exhibition Centre (Adnec). At an exclusive reception for the national security and cybersecurity community at Aloft Abu Dhabi, the announcement was made in the ...

DUBAI / WAM The Dubai Roads and Transport Authority (RTA), announced that the construction progress rate of the entire Route 2020 Project, which is the extension of the Red Line of Dubai Metro to Expo 2020 site, reached 70 percent. The line extends 15km from Nakheel Harbour and Tower Station (11.8km of elevated track, and 3.2km of the underground track). ...