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Storms to disrupt travel for Thanksgiving in US West

Bloomberg A cluster of powerful storms is set to disrupt Thanksgiving holiday travel for the Western US, with heavy snow cancelling flights in Denver and a higher risk of mudslides in parts of California. Winter storm warning and advisories cover the West from Oregon to Arizona and a flash flood watch stretches from north of Anaheim to the border with ...

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Barneys bankruptcy leads to luxury deals over Black Friday

Bloomberg Barneys New York Inc will deepen its discounts over Black Friday weekend in a rare clearance of luxury brands — undercutting rival retailers that are generally loathe to offer price cuts on expensive merchandise. Clearance sales at Barneys will average 30% to 35% off starting on Wednesday as the holiday shopping rush begins, a representative for B. Riley Financial, ...

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Thanksgiving grocery basket costs less this year

Bloomberg For the least expensive Thanksgiving meal, head to discount grocery chain Aldi. That’s the conclusion of a report that measures the price tag on a basket of 20 common Thanksgiving items, including a 12-pound turkey, potatoes, green beans and corn, at 15 retailers in New Jersey. The average cost for a Thanksgiving dinner has dropped about 2.3% from last ...

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Best Buy surges as retailer boosts forecast on sales gains

Bloomberg Best Buy Co entered the holiday shopping season on a positive note after posting quarterly sales that topped estimates and raising its full-year-outlook, sending the shares higher. Fuelled by demand for appliances, headphones, tablets and services like tech support, comparable-store sales in the US rose 2%, easily beating analysts’ projections. The Minneapolis-based consumer-electronics retailer also boosted its forecast for ...

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Mohamed orders AED6.6bn in housing packages for Emiratis

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces, and Chairman of the Abu Dhabi Executive Council, ordered AED6.6 billion in housing packages – including loans, houses and land – to be granted to over 5,000 Emiratis within Abu Dhabi. In implementation of the ...

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UAE leads region in value of awarded contracts for 2019

Dubai / WAM Expo 2020 Dubai and government-led infrastructure projects were the key factors driving the growth of Dubai’s construction sector in 2018 and 2019, and this trend is expected to continue over the next two years, according to new analysis released by the Dubai Chamber of Commerce and Industry at a briefing organised for delegates attending the Big 5 ...

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‘UAE Jobs Bank’ initiative to prioritise Emiratisation

ABU DHABI / WAM HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, launched the “UAE Jobs Bank”, as part of the implementation of cabinet’s resolution that oblige all govern- -ment entities and private sector to prioritise the employment of UAE nationals in 160 targeted professions to support Emiratisation portfolio. The launch was announced ...

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UAE wins membership of OPCW’s executive board

ABU DHABI / WAM The UAE won membership of the Executive Board of the Organisation for the Prohibition of Chemical Weapons (OPCW), for the 2020-2022 period, thus becoming the representative of the Organisation ‘s Asian member states. This is the first time that the UAE has become a member of the OPCW Executive Board since its joining date on December ...

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Abu Dhabi International Airport to become global air cargo hub

ABU DHABI / WAM Abu Dhabi Airports and Etihad Cargo, the cargo and logistics services arm of the Etihad Aviation Group, announced a major project to enhance the Abu Dhabi International Airport into a state-of-the-art global air cargo centre of excellence. Abu Dhabi Airports and Etihad Cargo will implement a multi-phased cargo infrastructure development strategy, starting with the imminent upgrade ...

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UAE, Sudan to strengthen investment ties

ABU DHABI / WAM The prospects for accelerating cooperation between the UAE and Sudan at energy and industrial levels were reviewed by Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and Industry, at his meetings with Chairman of the Sovereignty Council of Sudan, General Abdel Fattah Al-Burhan, and Prime Minister Dr. Abdalla Hamdok in Khartoum. This came as ...

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