October, 2019

• 14 October

  Bamboo Airways expects $1b market cap at listing

  

  Bloomberg Vietnam’s Bamboo Airways expects a market capitalisation of as much as $1 billion at its planned listing in the first quarter next year. The startup carrier plans to list about 400 million shares on either the Ho Chi Minh City Stock Exchange or Hanoi Stock Exchange as early as January, Deputy Chief Executive Officer Nguyen Khac Hai said in ...

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• 14 October

  Bed Bath surges after it names new CEO

  Bloomberg Bed Bath & Beyond Inc shares soared after the company named Target Corp’s head merchant Mark Tritton as its new chief executive officer. Analysts were broadly encouraged by the announcement given Tritton’s successful tenure at Target. Loop Capital’s Anthony Chukumba cited the new CEO’s “retail/consumer pedigree” and merchandising and private label development “experience and expertise.” Morgan Stanley’s Simeon Gutman ...

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• 14 October

  Russia’s pizza king wants to use cloud to take over the world

  

  Bloomberg Once you crack the profit code for delivering hot pizzas in the Arctic, where blocks of cheese arrive on nuclear icebreakers, expanding into more hospitable climes like Britain and Nigeria is as easy as pie. Or so says Fyodor Ovchinnikov, the freshly crowned franchise czar of Russia and soon, he’s betting, beyond. From a single basement oven in his ...

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• 13 October

  UAE calls on Turkey, other forces to pull out of Syria

  

  CAIRO / WAM The United Arab Emirates has called upon Turkey and all other foreign forces to withdraw from Syria and to seek a political solution. The UAE also stated that the minimum action incumbent upon Arab countries is the adoption of a firm response to aggression against any Arab country, which is seen as aggression against the national security ...

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• 13 October

  UAE-Russia non-oil trade hits AED51.79b in 5 years

  

  ABU DHABI / WAM Abdullah Al Saleh, Under-Secretary of the Ministry of Economy for Foreign Trade Affairs, said that the value of non-oil trade between the UAE and Russia over the past five years amounted to $14.1 billion (AED 51.79 billion), while last year’s non-oil trade totalled $3.4 billion, compared to $2.5 billion in 2017, a growth of 36 percent. ...

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• 13 October

  UAE one of Russia’s very close and promising partners: Putin

  ABU DHABI / WAM Russian President Vladimir Putin sees the UAE as one of Russia’s very “close and promising partners,” saying that the partnership is “vigorously developing in all areas.” Putin will pay a historic state visit to the UAE on Tuesday. His last visit was in 2007. “It is safe to say that the United Arab Emirates greatly contribute ...

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• 13 October

  Trump says China deal may spur $20bn in Boeing sales

  

  Bloomberg President Donald Trump said the partial US-China trade deal may lead to as much as $20 billion in sales of Boeing Co. airplanes, in addition to spurring billions of dollars in purchases of agricultural goods. “Other aspects of the deal are also great — technology, financial services, 16-20 Billion in Boeing Planes etc,” Trump tweeted without any specifics about ...

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• 13 October

  Dubai Customs launches the World Logistics Passport

  

  Dubai / WAM Dubai Customs on Sunday launched the World Logistics Passport, as part of the first phase of the Dubai Silk Road strategy, to help boost the role of the Dubai Silk Road and expand demand for Dubai’s products, services and integrated transportation systems. The unique initiative will also further augment the growing role played by Dubai Customs in ...

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• 13 October

  ‘UAE playing key role in supporting victims of humanitarian crises’

  

  Abu Dhabi / WAM Obaid Rashid Al Hassan Al Shamsi, Director-General of the National Emergency and Crisis and Disasters Management Authority (NCEMA), stated that the UAE is playing a key role in providing aid and supporting victims of humanitarian crises. In his speech marking the International Day of Disaster Reduction on 13th October, Al Shamsi said that the UAE’s humanitarian ...

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• 13 October

  ADJD launches interactive digital judgment platform

  

  Abu Dhabi / WAM The Abu Dhabi Judicial Department (ADJD), launched a platform to issue interactive digital judgments, the first-of-its-kind in the world to use the latest technology in judicial systems, allowing interactive judgments to be issued with special characteristics and advantages that help litigants understand and proceed with judgments, and will be translated into five languages. Yousef Saeed Al-Abri, ...

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