November, 2019

• 10 November

  Allegiant pilots blocked from strike threats

  Bloomberg A judge has permanently blocked the union representing Allegiant Travel Co pilots from threatening a strike or staging a work slowdown in a dispute over a work scheduling system. A magistrate judge in a federal district court in Nevada signed a final order in the case. The ruling resolves a case in which Allegiant claimed a threatened walkout by ...

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• 10 November

  Gap fires CEO after his efforts fail to reignite sales growth

  

  Bloomberg No longer the khaki king of the ’90s, Gap Inc has been in need of an overhaul for a very long time — and Art Peck won’t be the one to deliver it after all. Gap fired its chief executive officer after his turnaround efforts failed to reignite sales growth, with disappointing third-quarter performance sending shares plummeting in late ...

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• 6 November

  Sheikh Khalifa bin Zayed re-elected UAE President

  Abu Dhabi / WAM The UAE’s Supreme Council of the Union has re-elected His Highness Sheikh Khalifa bin Zayed Al Nahyan as its President for a fourth five-year term, in accordance with the provisions of the UAE Constitution. The Supreme Council of the Union expressed its deep confidence in the wise leadership of President His Highness Sheikh Khalifa, and wished ...

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• 6 November

  China considers up to $10b investment in Aramco IPO

  

  Bloomberg Chinese state-owned entities are in talks about investing a combined $5 billion to $10 billion in Aramco’s initial public offering (IPO), people with knowledge of the matter said. The Beijing-based Silk Road Fund is among parties that have been in discussions to buy stock in the offering, according to the people, who asked not to be identified because the ...

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• 6 November

  Islamic banking penetration in UAE reaches new high

  DUBAi / WAM The 2019 edition of the Islamic Banking Index by Emirates Islamic demonstrates significant progress made by the Islamic banking sector across parameters, with Islamic banking penetration reaching its highest level since the inception of the Index five years ago. Top-line findings of this year’s milestone edition of index indicate the sector continues to widen its appeal to ...

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• 6 November

  Oil holds near 6-week high on signs US supplies rose

  

  Bloomberg Oil held near a six-week high as signs of another increase in US crude reaffirmed the prevailing view that global markets are comfortably supplied. Futures added 0.2% in New York after rising 5.6% over the past three sessions. The American Petroleum Institute reported that crude stockpiles increased by 4.26 million barrels last week, according to people familiar with the ...

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• 6 November

  Adnoc hosts 12 business majlises

  ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc), announced, on Wednesday, the completion of 12 business partnership majlises, held at the Adnoc HQ during the past two months. These majlises were conducted to forge a deeper relationship between Adnoc and its private sector community, stimulating constructive supplier feedback around Adnoc’s smart-procurement approach to partnership and the company’s ...

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• 6 November

  Airlines, airports spend record $50bn on IT solutions in 2018

  

  Dubai / Emirates Business Airlines and airports spent a record $50 billion in 2018 on IT to support improvements to the passenger journey and are now beginning to enjoy the benefit of that investment. Figures published by SITA for the first time show that this investment has resulted in a significant improvement in both the satisfaction levels for passengers and ...

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• 6 November

  dnata gains IATA’s CEIV pharma certification at DWC

  

  Dubai / Emirates Business dnata, one of the world’s largest air services providers, has been certified by IATA’s Center of Excellence for Independent Validators in Pharmaceutical Logistics (CEIV Pharma) for its pharma handling processes at its state-of-the-art cargo facility at Dubai World Central (DWC). The accreditation complements dnata’s existing CEIV Pharma certification at Dubai International (DXB), demonstrating the company’s ability ...

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• 6 November

  Saudi-Emirati Housing Council meets in Dubai

  Dubai / WAM The Saudi-Emirati Housing Council, one of the housing and environmental initiatives of the Saudi-Emirati Coordination Council, held its first meeting in Dubai, attended by Dr Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development, and Majid Al Hogail, Saudi Minister of Housing. The meeting addressed ways of adopting a management mechanism for the Council’s trustees from ...

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