April, 2019

• 2 April

  Philip Day, Mike Ashley battle for title of British retail king

  

  Bloomberg Retail tycoon Philip Day is bidding for Bonmarche Holdings Plc after buying a majority stake in the UK clothing chain, as he vies with billionaire Mike Ashley to dominate the nation’s struggling high street. Day is required to make a mandatory cash offer for Bonmarche at about 11.44 pence a share after acquiring 52 percent of voting rights in ...

  Read More »
• 2 April

  Ryanair enters top-10 polluter list in Europe

  

  Bloomberg Ryanair Holdings Plc was one of the 10 biggest polluters in Europe last year, a first for a company that doesn’t run coal-fired power plants. That’s the conclusion of analysis of European Union carbon emissions data undertaken by Transport & Environment, a Brussels-based research group. The group found Ryanair’s carbon dioxide emissions rose 6.9 percent last year. The findings ...

  Read More »
• 2 April

  Walmart unveils voice-activated grocery shopping

  

  Bloomberg Walmart Inc will let customers order groceries by voice through Google’s smart-home assistant, an attempt to counter Amazon.com Inc’s growing clout in e-commerce. Beginning this month, Walmart shoppers can add items directly to their online shopping carts by saying “Hey Google, talk to Walmart.” Information from prior purchases will help identify the correct brand and size — like whether ...

  Read More »
• 1 April

  Celebrating Earth Hour reduces energy consumption: Al Mazrouei

  

  ABU DHABI / WAM Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and Industry, highlighted the UAE’s commitment to adopt the best international standards and sustainable practices, to rationalise energy consumption and reduce carbon emissions, in line with the National Energy Strategy 2050. He added that Earth Hour, which took place this year under the slogan, “Communicate with ...

  Read More »
• 1 April

  Sustainable investments reach $30.7trn globally

  

  Bloomberg Global socially responsible investments grew by 34 percent to $30.7 trillion over the past two years, lifted by Japanese pension funds, retail investors everywhere and broad, growing concern about climate change. Europe remains the biggest region for sustainable investors with about $14 trillion devoted to these strategies, up 11 percent from 2016, according to the biennial report from the ...

  Read More »
• 1 April

  NPCC revenues surge 7% to hit AED5.3bn

  

  ABU DHABI / WAM The National Petroleum Construction Company (NPCC), a subsidiary of Senaat Abu Dhabi, announced that its revenue increased by 7%, from AED4.9 billion to AED5.3 billion. Speaking on the occasion, Dr Mohamed Rashed Al Hameli, NPCC Chairman, said, “NPCC’s excellent project management has led to 27% increase in operating profit, from AED700 million to AED891 million. These ...

  Read More »
• 1 April

  DGCX records 20% year-on-year growth

  

  DUBAI / WAM Building on its existing portfolio of metals products, the Dubai Gold and Commodities Exchange (DGCX), recorded a 20.4 percent year-on-year growth in March, trading over 1.84 million contracts with a notional value of more than $36.6 billion. Average daily volumes throughout the same month also increased, registering 87,995 contracts. The DGCX successfully launched two new contracts, Aluminium ...

  Read More »
• 1 April

  Sharjah to boost trade ties with S Africa, Belarus

  SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI), represented by Abdallah Sultan Al Owais, Chairman of the SCCI, held discussions with Mogobo David Magabe, South Africa’s Consul-General in the UAE, and Igor Bondarev, Consul-General of the Republic of Belarus in the UAE, on enhancing joint cooperation, and exploring trade and investment partnerships. Al Owais examined with Bondarev ...

  Read More »
• 1 April

  Electronic Family Book to cut customer service queues to 80% by 2021

  

  ABU DHABI / WAM The UAE Cabinet has adopted a decision to launch the Electronic Family Book, to be used as a document approved in all transactions across the UAE, in addition to the smart application of the Federal Authority For Identity and Citizenship. The decision is in line with the government’s shift to smart services trends. The Electronic Family ...

  Read More »
• 1 April

  Himalaya Airlines links Abu Dhabi-Kathmandu with three weekly flights

  

  ABU DHABI / WAM Abu Dhabi International Airport (AUH), welcomed Himalaya Airlines’ inaugural flight from Tribhuvan International Airport (KTM), an international airport in Kathmandu, Nepal on Sunday, March 31. Himalaya Airlines launched three weekly flights connecting Abu Dhabi to Kathmandu, Nepal. Maarten De Groof, Chief Commercial Officer of Abu Dhabi Airports, said, “We are delighted to add Himalaya Airlines to ...

  Read More »