February, 2020

• 16 February

  Avianca shares fall after Bogota office searched

  

  Bloomberg Avianca Holdings SA shares fell the most in a month after the airline’s offices were searched by Colombian authorities as part of a bribery investigation. Colombia’s Attorney General’s office is investigating bribery claims related to the company’s former practice of giving free and discounted tickets to officials from Central American governments, according to a spokesperson for the office. Investigators ...

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• 16 February

  Bombardier speeds dismemberment with A220 deal

  

  Bloomberg Bombardier Inc, which once made everything from snowmobiles to commercial jets, is poised to become a shadow of its former self as the Canadian manufacturer accelerates asset sales to reduce debt. The company is completing its exit from commercial aerospace with the sale of its stake in the Airbus SE A220 program, once known as the C Series, to ...

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• 16 February

  Dust haze may disrupt more flights in Nigeria

  Bloomberg Dusty winds blowing in from the Sahara Desert may disrupt flights to and from the Nigerian commercial capital, Lagos, until the end of February. Poor visibility forced carriers including British Airways, Emirates Airline, Delta Air Lines and Ethiopian Airlines to reroute flights to Abuja, the capital, and neighbouring Ghana and Togo. The problem was compounded by faulty landing equipment ...

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• 15 February

  Ivanka Trump lauds UAE’s role in women’s empowerment

  

  Dubai / WAM Ivanka Trump, Advisor to the President of the United States of America on Saturday said that the United Arab Emirates is taking bold leadership in advancing women’s empowerment in the region and expressed the hope that other countries will join the UAE in advancing the active participation of women is various spheres. “The United Arab Emirates is ...

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• 15 February

  Washington raises tariffs on European aircraft to 15%

  

  Bloomberg The US said it will increase the tariff rate imposed on aircraft imported from the European Union (EU) to 15% from 10% on March 18. The move is part of a long-running spat in which the US has sought to penalise the EU for offering illegal subsidies to Airbus SE that harmed American aircraft maker Boeing Co. The US Trade ...

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• 15 February

  UAE offers 48 tonnes of food aid to Hadramaut residents

  HADRAMAUT / WAM The UAE, through its humanitarian arm, the Emirates Red Crescent (ERC), provided 600 food parcels weighing 48 tonnes to the residents of Hadramaut Governorate, benefitting 3,000 people who are members of vulnerable Yemeni families in Al-Reida and Qusayr districts. The beneficiaries thanked the UAE’s leadership, government and people for their support and humanitarian gesture. Since the beginning ...

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• 15 February

  UAE, Russia to explore economic cooperation

  

  SHARJAH / WAM The Sharjah Economic Development Department (SEDD), in a strategic partnership with the Ministry of Energy and Industry (MOEI), will host the UAE-Russian Business Forum, on February 19. The forum aims to enhance and strengthen ties of trade, economic and investment cooperation between UAE, in general, and Sharjah, in particular, and the Federal Republic of Russia, and open ...

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• 15 February

  Seoul presses Tokyo to quickly end export curbs

  

  Bloomberg South Korea’s Foreign Minister Kang Kyung-wha said Japan should take faster measures to lift export curbs on key semiconductor components. Japan should carry out “more visible and sincere steps” to remove the restrictions of such shipments to South Korea, Kang told her Japanese counterpart Toshimitsu Motegi at a meeting on the sidelines of the Munich Security Conference. Japan removed ...

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• 15 February

  Oil clinches biggest weekly gain despite gloomy demand outlook

  

  Bloomberg Oil clinched the best weekly gain for the year on signs the worst economic impacts of lethal viral outbreak have been accounted for, easing concern about free-falling demand for crude. Futures advanced 1.2% in New York, settling above $52 for the first time this month. Investor confidence was lifted after China reassured the international community that a huge spike ...

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• 15 February

  Dubai unveils 5G-enabled police patrol

  Dubai / WAM Dubai Police, in cooperation with Etisalat, officially unveiled the first 5G-enabled smart patrol in the Middle East and North Africa region. The smart police patrol is equipped with Artificial Intelligence technologies and high-tech cameras connected directly to the Control and Command room via 5G network. Brigadier Khaled Nasser Al-Razooqi, Director of the General Department of Artificial Intelligence ...

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