November, 2019

• 13 November

  JetBlue fights discounters with no-frill option in fare overhaul

  

  Bloomberg JetBlue Airways Corp, bowing to rising competitive pressures, began offering a no-frills option in the first revamp of its fare categories since they were introduced in 2015. Customers buying a reduced Blue Basic fare won’t get a refund if they have to cancel, can’t make changes to the reservation and will have to board last — standards that match ...

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• 13 November

  Cathay issues second profit warning in less than one month

  

  Bloomberg Cathay Pacific Airways Ltd issued its second profit warning in less than a month as Hong Kong’s flag carrier continues to struggle from a slumping number of visitors because of the protests that have gripped the city for months. Second-half financial results will be “significantly” lower than in the first, Cathay said in a statement on Wednesday. The language ...

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• 13 November

  Takeaway CEO not willing to overpay in Just Eat bid

  Bloomberg Takeaway.com CEO Jitse Groen said it doesn’t make sense to overpay in its bid to gain control of UK rival Just Eat Plc. “I don’t want to be the idiot that runs into a ratio that doesn’t make any sense,” Groen said at the sidelines of the Morgan Stanley European Technology, Media & Telecom Conference in Barcelona. Takeaway published ...

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• 12 November

  VP grants UAE’s permanent residency to 2,500 scientists

  ABU DHABi / WAM As part of the directives of Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Federal Authority For Identity and Citizenship has granted the Permanent Golden Residency to a number of scientists and specialists in line with its position as an incubator for talents ...

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• 12 November

  Adnoc, China’s firm ink deal to explore growth opportunities

  

  ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc), on Tuesday announced that it has signed a broad Framework Agreement with China’s Rongsheng Petrochemical Co., Ltd. to explore domestic and international growth opportunities which will support the delivery of its 2030 smart growth strategy. The agreement will see both companies explore opportunities in the sale of refined products ...

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• 12 November

  Cooperation with Opec not on cards: US official

  ABU DHABI / WAM Collaboration between the United States and the Organisation of the Petroleum Exporting Countries (Opec), is “not on the cards,” according to Francis R. Fannon, US Assistant Secretary for the Bureau of Energy Resources at the US Department of State. In an interview with Emirates News Agency (WAM), Fannon said the “US presence on the energy market ...

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• 12 November

  Aldar Properties Q3 profit rises 14% to AED662mn

  

  ABU DHABI / WAM Aldar Properties on Tuesday reported a 14 percent year-on-year increase in gross profit to AED662 million in the third quarter of 2019. Also, the company’s revenue increased seven percent to AED1.60 billion compared to AED1.50 billion in Q3 2018. Development management recorded 20 percent growth in revenue to AED642 million, off-plan development sales increased 272 percent ...

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• 12 November

  DME exchange trading volume rises by 21%

  DUBAI / WAM Dubai Mercantile Exchange (DME), the international energy futures exchange in the Middle East, on Tuesday announced a 21 percent increase year-on-year in exchange trading activities, along with 172 percent increase in forward curve trading, following Saudi Aramco’s adoption of DME Oman in its official selling price in October 2018. In 2019, DME registered an average daily volume ...

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• 12 November

  Spending by Muslims on lifestyle, food to reach $3.2 trillion by 2024

  

  DUBAI / WAM Dubai Islamic Economy Development Centre announced results of the State of the Global Islamic Economy Report. The seventh edition of the report presents an annual update on continued global growth of the Islamic economy, encompassing halal products, Islamic finance and related lifestyle sectors. This year’s SGIE report, produced by DinarStandard, a US-based research and advisory firm, estimates ...

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• 12 November

  Dreamland Aqua Park adds more festivities on UAE’s 48th National Day

  

  Umm Al Quwain / Emirates Business This year as the UAE celebrates its National Day, Dreamland Aqua Park adds more to the festivities with its special offers that reflect the 48th year. The ‘It’s all 48’ promotion will offer visitors a never before price of AED48 per person for the first 48 minutes or for the first 48 guests every ...

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