January, 2020

• 19 January

  Boeing lags behind Airbus in race for China’s next big order

  

  Bloomberg The long-awaited trade agreement between the US and China may pave the way for Boeing Co to resume sales to the world’s second-largest aviation market, but the American giant has much catching up to do against European archrival Airbus SA. China Aviation Supplies Holding Co, which buys planes on behalf of the nation’s airlines, has been in talks with ...

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• 19 January

  Flybe rescue may include subsidies for some UK routes

  

  Bloomberg The UK government is considering subsidising some routes operated by regional airline Flybe as part of the rescue deal struck with the owners of the country’s biggest domestic carrier, according to a person with knowledge of the matter. Any decision to grant Flybe routes so-called public service obligation status would come on top of a deferral of air passenger ...

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• 19 January

  Ethiopia aims to build Africa’s largest airport

  

  Bloomberg Ethiopia plans to start building Africa’s largest airport at $5 billion within six months and continue the ascendancy of its national carrier, the most profitable on the continent. The new airport, 70 kilometres from the existing Bole International Airport in the capital Addis Ababa, will be able to handle as many as 100 million passengers yearly, Ethiopian Airlines Chief ...

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• 19 January

  Air India targets first class, business fliers

  

  Bloomberg Air India Ltd is trying to make itself more attractive to potential bidders by deploying a greater number of high-end seats for the lucrative London market and adding new flights by repairing grounded aircraft. The carrier started using Boeing Co 777 jets for flights to London from New Delhi, replacing the smaller 787 Dreamliner that now flies three times ...

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• 19 January

  Gap backs away from plan to spin off Old Navy brand

  

  Bloomberg Gap Inc, the apparel retailer that’s searching for a new chief executive officer, said it will no longer seek to establish Old Navy as a standalone company. The plan, announced under previous CEO Art Peck, was to spin off Old Navy on the premise that its fast growth wasn’t being reflected in Gap’s stock price. However, Old Navy’s performance ...

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• 19 January

  Amazon wants shoppers to pay with a wave of hand

  Bloomberg Amazon.com Inc is planning to create terminals which would allow customers to make payments in-store with a wave of the hand, Dow Jones reports citing people familiar with the matter. The company plans to pitch the terminals to coffee shops, fast-food restaurants and other merchants and has recently began working with Visa Inc, according to the report. Amazon is ...

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• 18 January

  Hope Probe to carry UAE Nation Brand to Red Planet

  

  DUBAI / WAM The Hope Probe will carry with it the UAE Nation Brand’s logo and its accompanying slogan, ‘Make it Happen’, when the spacecraft built by the Mohammed bin Rashid Space Centre takes off for Mars later this year. The brand’s placement on the probe, called ‘Al-Amal’ in Arabic, symbolises the future-forward aspirations that the new brand represents. Designed ...

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• 18 January

  Libya’s pro-Haftar forces block oil exports ahead of Berlin talks

  

  Bloomberg Libyan commander Khalifa Haftar blocked oil exports at ports under his control, slashing output by more than half and posing a potential setback for an international conference on Sunday that aims to broker an end to a civil war in the Opec nation. As a result of the blockage of ports in the central and eastern parts of the ...

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• 18 January

  UAE amends law to boost family-owned businesses

  

  ABU DHABI / WAM The UAE cabinet approved a draft law amending provisions within the nation’s Federal Law No. 18 of 1981, otherwise known as the ‘Agency Law’ that regulates commercial agency and distribution agreements within the country. According to a statement released on Saturday by the UAE Cabinet General Secretariat, the amendments come within the framework to enhance the ...

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• 18 January

  Adek awards AED40mn in ‘research’ funding for 2020

  ABU DHABI / WAM In line with the Abu Dhabi Department of Education and Knowledge (Adek), mandate to foster and grow a world-class academic research ecosystem in Abu Dhabi, Adek has announced that it has awarded over AED40 million in competitive funding to 54 successful research and development proposals. The seven key sectors are Life Sciences (Health, Food and Agriculture), ...

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