October, 2018

• 23 October

  Lufthansa weighs options for catering arm sky chefs

  

  Bloomberg Deutsche Lufthansa AG is exploring options including a sale for LSG Sky Chefs, the catering arm that serves planes, trains and the International Space Station, according to people with knowledge of the matter. The German airline is working with advisers to review the business, according to the people, who asked not to be identified because the information is private. ...

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• 23 October

  Kenya Airways union warns of strike as US flights to start

  

  Bloomberg Kenya Airways Plc employees threatened to go on strike unless a pay deal is agreed by October 28 — the day the carrier is set to begin direct flights to the US. The Kenya Aviation Workers Union said its officials and airline management held a meeting on October 16 to discuss a counter proposal by the carrier that offered ...

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• 22 October

  ADM inks deal to build AED8mn Bazar Al Mafraq

  Dubai / WAM Saif Badr Al Qubaisi, General Manager of Abu Dhabi City Municipality (ADM) and Ali Mohammed Sadiq Al Baluchi, Chairman of Ghantoot Transport and General Contracting LLC, signed a partnership agreement for the construction of Bazar Al Mafraq at Al Mafraq Industrial Area. “The signing of the agreement is an integral part of a series of agreements signed ...

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• 22 October

  FAB’s profit rises 16% to AED3bn in third quarter

  

  Bloomberg First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, reported its financial results for the nine-month period ending on September 30, on Monday. According to FAB financial statement, the group posted a net profit of AED9.1 billion, up 12 percent year-on-year; annualised Earning Per Share (EPS) at AED1.07; third ...

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• 22 October

  UAE tourists can reclaim VAT from November 18

  Emirates Business The Federal Tax Authority (FTA) has announced that tax refund for tourists scheme goes into effect on November 18, allowing eligible tourists to request refunds of the value added tax (VAT) incurred on their purchases. The first phase will see the digital system of the tax refund for tourists scheme implemented at Abu Dhabi, Dubai and Sharjah International ...

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• 22 October

  Southeast Asia sees FDI boom, thanks to trade war

  

  Bloomberg Southeast Asia is seeing a boom in foreign direct investment as the intensifying trade war between the US and China prompts companies to shift production to the region. Vietnam saw manufacturing inflows jump 18 percent in the first nine months of 2018, driven by investme- nts including a $1.2 billion polypropylene production project by South Korea’s Hyosung Corp, according ...

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• 22 October

  Musanada handles services worth AED468 million

  ABU DHABI / WAM The Facility Management Division of Abu Dhabi General Services Company, Musanada, has carried out maintenance of 120,000 assets belonging to 1,000 buildings for 31 government clients across Abu Dhabi, Al Ain and Al Dhafra region, totalling AED468 million. Helal Al Blooshi, Musanada’s Acting Executive Director of Facility Management Division (FMD) said that company’s call centre receives ...

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• 22 October

  Etihad Airways, Saudia enter codeshare partnership

  

  Abu Dhabi / Emirates Business Etihad Airways, the national airline of the United Arab Emirates, and Saudi national flag carrier, Saudia, have announced a new codeshare partnership, providing customers with access to more than 40 leisure and business destinations in the home markets and across the world. In addition to the codeshare agreement, the two carriers also announced plans for ...

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• 22 October

  New approaches to data governance explored

  Dubai / WAM “We are not here to just share best practice, but also challenges,” said experts at the first session kicking off on day one of the UN World Data Forum 2018. Moderated by Craig Hammer, Programme Manager at the World Bank and Secretary of the World Bank’s Development Data Council, the first session – titled “New Approaches to ...

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• 22 October

  Sharjah Ruler to open ‘Investing in the Future’ conference tomorrow

  Sharjah / WAM The third edition of the “Investing in the Future” International Conference (IIFMENA 2018), will be launched this coming Wednesday at Al Jawaher Reception and Convention Centre in Sharjah, in the presence and under the patronage of HH Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, and his wife, Her Highness Sheikha ...

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