November, 2019

• 26 November

  Order to ground Airbus stalls growth at IndiGo

  

  Bloomberg An order for IndiGo to ground some of its Airbus SE A320neo planes for engine upgrades could impede the expansion of one of the world’s fastest-growing airlines. For every addition to its fleet, IndiGo must ground an A320neo plane that hasn’t had its Pratt & Whitney engines modified, the Directorate General of Civil Aviation (DGCA) said following a series ...

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• 26 November

  Mall foot traffic up 2.5% ahead of Thanksgiving

  Bloomberg US mall foot traffic rose 2.5% for the latest four-week period from a year earlier, as the Thanksgiving holiday approached, according to Thasos Mall REIT Foot Traffic Index. Growth, as shown by mobile phone usage in malls, had slowed in September and October ahead of the key shopping season. The SPDR S&P Retail ETF fell 1.2%, while the S&P ...

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• 26 November

  Tesco follows Amazon, Netflix with paid loyalty card

  

  Bloomberg Tesco Plc is hitting back at Amazon.com Inc and discounters that are stealing its lunch by borrowing from the US e-commerce giant’s own playbook. Britain’s largest retailer this month introduced Clubcard Plus, a subscription-based loyalty plan where customers pay a monthly fee to receive special deals. It expands on Tesco’s existing points-based system with a business model more in ...

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• 25 November

  UAE Government Annual Meetings open in Abu Dhabi

  

  ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, chaired the third UAE Government Annual Meetings in Abu Dhabi on Monday. “Our ...

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• 25 November

  AED8bn Saadiyat Grove launched in Abu Dhabi

  

  ABU DHABI / WAM His Highness Sheikh Khalid bin Mohamed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council and Chairman of the Abu Dhabi Executive Office, on Monday launched Saadiyat Grove, an AED 8 billion inclusive community located in the heart of Abu Dhabi’s Cultural District on Saadiyat Island and developed by Aldar Properties. HH Sheikh Khalid ...

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• 25 November

  Diamonds worth $50m sold at Dubai tender

  

  DUBAI / WAM The Dubai Diamond Exchange (DDE) – a subsidiary of DMCC, the Government of Dubai Authority on commodities trade and enterprise – announced on Monday that it had successfully hosted one of the largest rough diamond tenders ever to take place in the UAE. Stargems – a DMCC-registered international diamond company with interests in all aspects of the ...

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• 25 November

  EGA to supply bauxite from Guinea mine to China’s Xinfa

  

  ABU DHABI / WAM Emirates Global Aluminium (EGA) on Monday announced that it has signed an agreement with Xinfa to supply bauxite from its Guinea Alumina Corporation (GAC), bauxite mine in the Republic of Guinea to the Chinese company for the next five years. Under the agreement, EGA will supply Xinfa with millions of tonnes of bauxite each year from ...

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• 25 November

  Driverless vehicles likely to hit UAE roads in 2021: Esma chief

  

  ABU DHABI / WAM Driverless vehicles may hit the UAE roads in 2021 as the UAE is preparing to become the first country in the world to have regulations on autonomous vehicles, a top official told Emirates News Agency (WAM) on Monday. “We will announce first draft of the standards and regulations for autonomous vehicles on Tuesday in the 5th ...

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• 25 November

  ADX’s ‘pattern day trader’ to woo investors

  ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX), has given approval for Pattern Day Trader (short-term trading). The product is available for customers through brokerage firms licensed by ADX and the Securities and Commodities Authority (SCA), based on laws set by said authorities to protect investors. ADX made provision for Pattern Day Trader in order to attract more investors ...

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• 25 November

  Emirates, SpiceJet seal codeshare deal

  

  Dubai / Emirates Business Emirates signed a codeshare and interline agreement with SpiceJet to give travellers to and from India seamless access to a wider and a stronger route network. This is the first-ever codeshare agreement signed by SpiceJet. From early 2020, customers travelling to India can take advantage of many more flight options on routes common to both airlines ...

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