March, 2019

• 12 March

  Mahathir weighs shutdown or sale of Malaysia Airlines

  

  Bloomberg Prime Minister Mahathir Mohamad said he’s studying options for flag carrier Malaysia Airlines Bhd., including whether to invest more funds, sell it off or even shut the company down. “It is a very serious matter to shut down the national airline,” he told reporters at parliament. “We will nevertheless be studying and investigating as to whether we should shut ...

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• 12 March

  US retail sales rise in January, stabilising after a slump

  

  Bloomberg US retail sales stabilised in January after a plunge the prior month that was larger than first reported, indicating consumers may still be able to help support economic growth after a dismal end to 2018. The value of overall sales rose 0.2 percent after a 1.6 percent drop in the prior month that was the steepest since 2009, Commerce ...

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• 12 March

  United Continental tries a little leniency for passengers running late for the flight

  

  Bloomberg It’s the airport equivalent of road rage: You race to your gate on a tight connection to see the door shut and your plane inching backwards. One reason gate agents are so strict about that closed door is an airline metric called “D-0” (D-zero), which designates a flight that departs at exactly the scheduled time. The industry—and government regulators—rigorously ...

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• 12 March

  Retailer Z Gallerie enters bankruptcy, angles for sale

  

  Bloomberg The gloomy state of brick-and-mortar retail has helped push another chain into bankruptcy, and this one is planning a speedy sale in order to dodge liquidation. Z Gallerie LLC, the upscale retailer known for its eclectic home decor, filed for bankruptcy in Delaware. The company blames the filing on self-imposed problems — namely a failure to invest enough in ...

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• 11 March

  UAE cabinet approves National Space Strategy 2030

  

  ABU DHABI / WAM The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has adopted the National Space Strategy 2030 during its meeting at the Presidential Palace in Abu Dhabi. The Cabinet meeting was attended by HH Sheikh Mansour bin Zayed Al Nahyan, Deputy ...

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• 11 March

  Adnec adds AED3.41bn to Abu Dhabi’s economy

  

  ABU DHABI / WAM Abu Dhabi National Exhibitions Company (Adnec) on Monday announced that the value of its direct and indirect impact on the Abu Dhabi economy in 2018 registered AED3.41 billion, taking the total value of its contribution to the local economy since its inception in 2005 to AED32 billion. The company shared its 2018 results at a press ...

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• 11 March

  Government revenues hit AED304.5b

  ABU DHABI / WAM The UAE consolidated government revenues increased to AED304.5 billion during the first nine months of 2018, up 4.8 percent on year, with expenses picking up from AED259.3 billion over the first nine months of 2017 to as much as AED267.2 billion in the corresponding period of 2018, according to figures released by Federal Competitiveness and Statistics ...

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• 11 March

  UAE-US non-oil trade reaches $30.6b

  

  ABU DHABI / WAM A report issued by the UAE Ministry of Economy (MoE) on the World Trade Organisation’s Trade Policy Review of the United States shows that despite shifts in the US trade policy towards increasing protectionism across multiple sectors, the US remains committed to working with all WTO members in maintaining fair and reciprocal trade partnerships. The report, ...

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• 11 March

  DWTC catered for 1,056 external events in 2018

  

  Dubai / WAM Dubai World Trade Centre (DWTC), revealed that its hospitality division – Hospitality by DWTC – catered for 1,056 high-profile external events in 2018, serving a total of 415,293 guests. DWTC continues to strengthen Dubai’s competitiveness as a regional event destination. “The impressive results for 2018 are a testament to the competency of the entire Hospitality by DWTC ...

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• 11 March

  UAE distributes 25 fishing boats to families in Aden

  Abu Dhabi / WAM The UAE, represented by the Emirates Red Crescent (ERC), distributed 25 fishing boats to the families of martyrs and disabled people in Al Buraiqa District, Aden Governorate, continuing its support for Yemeni fishermen. Mohammed Al Kaabi, ERC Representative, said that the boats were distributed in Qaewa, Ras Omran, Fiqm and Al Haswa while stressing that in ...

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