September, 2019

• 29 September

  Tesco mulls sale of struggling Polish unit

  

  Bloomberg Tesco Plc is considering a sale of its struggling Polish operations, according to people familiar with the situation, as the UK’s largest retailer focuses on its domestic operations and more promising overseas markets. The supermarket operator has begun a review of the Polish arm, according to the people, who asked not to be identified discussing a private matter. The ...

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• 29 September

  Boeing 737 Max fleet to be parked in Australia

  

  Bloomberg Australia has given clearance for Singapore Airlines Ltd’s SilkAir to store its six Boeing Co 737 Max aircraft in the country, as the global grounding of the jet continues following two deadly crashes within the past 12 months. SilkAir has provided flight plans and the first aircraft is expected to arrive in Alice Springs, central Australia, on Monday, according ...

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• 29 September

  Virgin Atlantic seeks Manchester push with Thomas Cook slots

  

  Bloomberg Virgin Atlantic Airways Ltd is looking to pick up operating slots at Manchester airport vacated by collapsed rival Thomas Cook Group Plc in a bid to grab a larger share of the travel market in northern England. The airline is in contact with Airport Coordination Ltd, which allocates takeoff and landing positions in Manchester, with a view to adding ...

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• 28 September

  Crude shorts soar as market shakes off Saudi disruption

  

  Bloomberg Oil investors piled into short positions as oil markets shook off the disruption from attacks on Saudi Arabian oil facilities. Bets that West Texas Intermediate crude prices would decline surged 33%, just before prices briefly dipped below pre-attack levels. Money managers are still net long, according to data released September 27 by the US Commodity Futures Trading Commission, but ...

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• 28 September

  Saudi eyes $2.7 billion in deals for Red Sea project

  

  Bloomberg The company behind a major tourism destination on Saudi Arabia’s Red Sea coast that will include an archipelago of more than 90 islands as well as desert and mountain scenery hopes to award up to $2.7 billion in construction contracts by the end of 2020. “Between now and the end of the year, we hope to award another two ...

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• 28 September

  Production ramp-up at EGA’s new alumina refinery on track

  

  ABU DHABI / WAM Emirates Global Aluminium (EGA), the largest industrial company in the UAE, on Saturday announced a milestone at its new Al Taweelah alumina refinery in Abu Dhabi, with 600,000 tonnes of alumina produced since the company began operations at the new refinery in April. Al Taweelah alumina refinery is expected to produce more than one million tonnes ...

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• 28 September

  Innovative techniques to be highlighted at Qudwa 2019

  ABU DHABI / WAM Under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and organised by the Education Affairs Office of the Crown Prince Court of Abu Dhabi (Qudwa 2019) announced key government ministers as speakers. With the full agenda released, participating government ...

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• 28 September

  AFZ showcases future tech benefits at Gitex

  

  AJMAN / WAM Ajman Free Zone will participate at this year’s Gitex exhibition by showcasing how its application of new technologies has transformed the customer experience and enabled it to compete on a global scale for business investment. It will also use the event, which takes place on October 6-10 inclusive, at Dubai World Trade Centre, to introduce new methods ...

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• 28 September

  ERC organises 17th mass wedding in Abyan, Yemen

  

  ABYAN / WAM The 17th mass wedding was organised in Abyan Governorate of Yemen, under the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, by the Emirates Red Crescent (ERC), and the follow-up of HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in ...

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• 28 September

  211 Emiratis exempted from repaying housing loans worth AED208mn

  ABU DHABI / WAM Under the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has ordered for the exemption of 211 citizens from the repayment of housing loans in Abu Dhabi, with a total value ...

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