December, 2018

• 5 December

  Ryanair faces British regulator action over strike compensation

  

  Bloomberg Ryanair Holdings Plc is facing “enforcement action” by Britain’s regulator after the discount carrier rejected passenger compensation claims linked to flight disruption from strikes this summer. The walkouts didn’t amount to extraordinary circumstances and Ryanair should therefore have compensated customers in line with European Commission regulations, the Civil Aviation Authority said in a statement, adding that it warned the ...

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• 5 December

  Unilever CEO mends fences after joust with Goldman analyst

  Bloomberg After striking a pugnacious tone at Unilever’s capital markets day last year, Paul Polman extended an olive branch in his final investor presentation as chief executive officer of the consumer-goods giant. Polman, who’s preparing to hand over to Alan Jope in January, told analysts and shareholders that he’d been texting his wife Kim about how to leave things. Her ...

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• 5 December

  Swedish home improvement chain to shut UK, Germany stores

  

  Bloomberg Swedish home improvement chain Clas Ohlson will close all its stores in the UK and Germany following years of losses at its operations there and as the retail market increasingly shifts to online sales. The closures will affect about 150 employees, cost some $23 million, and set forth a “completely new direction” for the company’s operations outside the Nordics, ...

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• 5 December

  Hard-line Air France pilot union chief loses re-election bid

  

  Bloomberg The leader of a French pilots’ union who emerged as a poster boy for strikes at Air France has lost his bid for re-election within the group, heralding a possible unblocking of labour talks at the troubled carrier. Philippe Evain, head of the airline’s powerful SNPL union, lost a majority in an election, a union spokesman said by phone. ...

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• 4 December

  Mohamed expresses pride in UAE diplomacy, passport ranking

  

  ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received on Tuesday, the UAE Passport Power team from the Ministry of Foreign Affairs and International Cooperation (MOFAIC), in the presence of HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and ...

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• 4 December

  Aramco awards key well services contract to BHGE

  

  Dammam / Emirates Business Saudi Aramco has awarded a major simulation and well-testing contract to Baker Hughes — a GE company — to be a partner in optimising production from new and existing wells across conventional fields in Saudi Arabia. Demonstrating the strength and breadth of its expertise and portfolio of oilfield services, BHGE will deliver a comprehensive well services ...

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• 4 December

  Sharjah Chamber boosts relations with Italian firms

  

  SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI) held discussions with a delegation from Lombardy in Italy on opportunities to enhance economic and trade relations between the investment companies and institutions that operate in Sharjah and their counterparts in Italy, and reviewed ways to support partnerships between the two sides in various economic sectors and fields. The ...

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• 4 December

  ADGM concludes first phase of industry e-KYC utility project

  

  ABU DHABI / WAM The Abu Dhabi Global Market (ADGM), the award-winning International Financial Centre in the capital of the UAE, successfully concluded the first phase of the industry electronic-Know-Your-Customer (e-KYC) utility project. The Financial Services Regulatory Authority (FSRA) of ADGM, in collaboration with its project advisor KPMG has published a high-level summary of the project scope and the key ...

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• 4 December

  Dubai Chamber promotes emirate at Russia forum

  

  DUBAI / WAM The Dubai Chamber of Commerce and Industry participated in a seminar organised as part of the Interregional Export Forum in Perm, Russia, where participants were briefed on the various competitive advantages that Dubai offers to Russian exporters, companies and investors. During the forum, Sanan Nasibli, Head of Dubai Chamber’s Azerbaijan office, delivered a detailed presentation titled “Doing ...

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• 4 December

  Al Hosn to open on December 7

  ABU DHABI / WAM The Department of Culture and Tourism — Abu Dhabi is set to open Al Hosn to the public from Friday, December 7. Al Hosn is Abu Dhabi’s original urban block, comprising four interrelated components: the historic Qasr Al HosnFort, the National Consultative Council building, the Cultural Foundation, and the House of Artisans. The official launch will ...

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