September, 2019

• 15 September

  Hong Kong air traffic tumbles as protests take toll on visitors

  

  Bloomberg Hong Kong’s air traffic declined last month as protests took a toll on the city. Hong Kong International Airport handled 6 million passengers in August, down 12.4 percent from a year earlier, according to figures published by the Airport Authority. It said the decline was mainly due to lower visitor numbers. There was also a “significant” fall in passenger ...

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• 15 September

  UK’s CAA plans ‘if Thomas Cook collapses’

  Bloomberg The UK aviation regulator is preparing for a possible collapse of tour operator Thomas Cook Plc ahead of a showdown with bondholders, the Times of London reported, without saying where it got the information. The Civil Aviation Authority (CAA) is making contingency plans for the possibility of having to repatriate “hundreds of thousands” of passengers stranded abroad, the newspaper ...

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• 15 September

  Female pilots from Philippines to help Asia’s travel boom

  

  Bloomberg The Philippines’ largest flight school is trying to bring more women into the cockpit to help meet a shortage of pilots in Asia. At Alpha Aviation Group’s campus in Pampanga province north of the capital, one in five of its 550 students each year are women, whereas only about 3 percent of the world’s pilots are female, founder Bhanu ...

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• 14 September

  UAE condemns terrorist attack on two Saudi Aramco facilities

  

  WAM / Bloomberg The UAE strongly condemned the terrorist attack on Saturday that targeted two Saudi Aramco facilities in Abqaiq province and Hijrat Khurais in Saudi Arabia, causing fires that were later brought under control. In a statement issued on Saturday, the Ministry of Foreign Affairs and International Cooperation denounced this terrorist and subversive act, saying it is new evidence ...

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• 14 September

  ADX distributes AED25b in cash dividends to investors

  

  ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX), announced on Saturday the distribution of over AED25 billion in cash dividends to 572,774 eligible investors on behalf of its listed companies. In comparison to the 2018 dividends, the 6.95 percent increase demonstrates the attractiveness of the investment environment in the Emirates and especially in Abu Dhabi. According to a statement ...

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• 14 September

  UAE completes NHRI draft law: Al Jarman

  Geneva / WAM The UAE announced completion of a draft law on the establishment of a national human rights institution (NHRI), following the Paris Principles. This was stated by Ahmed Abdul Rahman Al Jarman, Assistant Minister for Human Rights and International Law at Ministry of Foreign Affairs and International Cooperation, in a speech at the 42nd session of the Human Rights ...

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• 14 September

  Oil posts biggest weekly drop since July amid supply concerns

  

  Bloomberg Oil fell to a two-week low as the International Energy Agency (IEA) has warned of a looming supply glut. Futures in New York ended the week 3% lower after four straight days of declines. Sentiment continues to be dominated by an International Energy Agency report highlighting the challenge facing Opec and its allies in balancing the market as production ...

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• 14 September

  India plans $7b of export stimulus to spur economy

  

  Bloomberg India unveiled new measures involving a more than $7 billion boost to exporters and housing projects, as part of efforts to revive a flagging economy. A program to refund taxes and levies for export promotion will be effective January 1 and involves forgoing 500 billion rupees ($7 billion) in revenue, Finance Minister Nirmala Sitharaman told reporters in New Delhi ...

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• 14 September

  Materials Handling Middle East sees 12% rise in visitor turnout

  

  Dubai / Emirates Business Materials Handling Middle East, the region’s dedicated warehousing, intralogistics and supply chain solutions show, racked up a 12% visitor uplift on the 10th edition of the biennial event which closed at the Dubai World Trade Centre. Some 3,882 visitors from more than 50 countries turned out for the show which has evolved into a futuristic showcase ...

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• 14 September

  Region’s steel production capacity to hit 19mn tons

  

  Abu Dhabi / Emirates Business Emirates Steel, the only integrated steel plant in UAE and a subsidiary of General Holding Corporation (Senaat), is participating in the First Saudi International Iron & Steel Conference, of which it is its Rhodium Sponsor. At the conference, held in the King Faisal International Conferences Hall at the Intercontinental Hotel in Riyadh from September 16-18, ...

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