September, 2019

• 21 September

  Lion Air investigating hack that compromised ‘data’

  Bloomberg PT Lion Mentari Airlines, Indonesia’s biggest private carrier, is investigating a breach that led to personal data of passengers on its Malaysian and Thai units being leaked online. Malindo Airways’s passenger information, which is hosted on cloud-based services, may have been compromised, the carrier said in a statement. Malindo is working with its data service provider Amazon Web Services ...

  Read More »
• 21 September

  Delta looks to turn debris into jet fuel

  Bloomberg Delta Air Lines is funding a study to see if twigs, branches and other wood debris can create jet fuel to help fly its West Coast planes. The airline invested $2 million to partner with Northwest Advanced Bio-fuels LLC to study the feasibility of a bio-fuel production facility in Washington that could create fuel out of forest debris, the ...

  Read More »
• 21 September

  Billionaire retailer Ashley loses court battle with Debenhams

  

  Bloomberg Billionaire Mike Ashley lost out to Debenhams Plc again as a court challenge to the embattled UK department-store chain’s restructuring plan failed. In a blow to Ashley’s Sports Direct International Plc, a judge in the High Court in London ruled that Debenhams’s deal with landlords to accept lower rents should be allowed to go ahead. Ashley, who failed in ...

  Read More »
• 21 September

  Next maintains guidance as online sales keep growing

  

  Bloomberg The cost of baby clothes could rise in the UK if the country crashes out of the European Union without an agreement, according to retailer Next Plc. Few sleep-suits and other newborn items are made in the UK, leaving these clothes exposed to tariffs under a temporary regime unlike some women’s garments, Next Finance Director Amanda James said in ...

  Read More »
• 18 September

  Values of Human Fraternity Document presented at UNHRC

  GENEVA / WAM An event to promote awareness on the principles of the Human Fraternity Document was held on the sidelines of the 42nd session of the Human Rights Council currently running in Geneva. The Permanent Mission of the UAE to United Nations in Geneva organised the event to define the Document signed by His Holiness Pope Francis, Head of ...

  Read More »
• 18 September

  Oil eases losses as Saudis say Iran sponsored attacks

  

  Bloomberg Oil trimmed losses after Saudi Arabia said Iran sponsored recent attacks to its oil production facilities. Futures fell as much as 2.2% in New York before easing declines on Wednesday. The weekend attacks on the kingdom’s critical oil infrastructure were “unquestionably sponsored by Iran,” according to a spokesman for the Saudi defense ministry. West Texas Intermediate crude for October ...

  Read More »
• 18 September

  Money supply M3 reaches AED1.632 trillion in August

  Abu Dhabi / WAM The central bank of the UAE has announced that the Money Supply Aggregate M3 edged up to AED1.632trn in August, from AED1.602trn by the end of 2018. According to bank’s statistics, government’s deposits amounted to AED269bn in August with monetary deposits standing at AED433.6bn and quasi-monetary deposits at AED853.4bn. Issued cash reached AED90.2bn, with currency in ...

  Read More »
• 18 September

  Saudi joins US-led maritime coalition to secure oil shipping

  

  WAM / BLOOMBERG Saudi Arabia on Wednesday announced it has joined the International Maritime Security Construct to secure the Mideast’s waterways. The Saudi Press Agency (SPA), quoted a statement by the Ministry of Defence stating that, “The kingdom’s accession to this international alliance comes in support of regional and international efforts to deter and counter threats to maritime navigation and ...

  Read More »
• 18 September

  Sharjah highlights promising opportunities to US businesses

  

  Sharjah / Emirates Business Sharjah FDI Office (Invest in Sharjah), operating under the Sharjah Investment and Development Authority (Shurooq) has collaborated with the US–UAE Business Council to organise business seminars in Durham, North Carolina, and Pittsburgh, Pennsylvania. The objective of the seminars was to shine light on lucrative commercial opportunities Sharjah has on offer for American investors. These events were ...

  Read More »
• 18 September

  Khalifa Fund showcasing two Emirati-owned businesses in Dubai

  

  Dubai / WAM The Khalifa Fund for Enterprise Development (KFED) is showcasing two businesses owned by UAE citizens at the ongoing Hotel Show Dubai 2019. The event is being held at the Dubai World Trade Centre until Thursday. The featured companies ‘National Traders Refreshments’ and ‘Overseas for Water’ are two of the most prominent KFED-supported Small and Medium-sized Enterprises (SMEs), ...

  Read More »