September, 2018

• 30 September

  Air France-KLM’s new CEO Smith gets knuckles rapped by French minister

  

  Bloomberg Just days after taking the top job at Air France-KLM, Chief Executive Officer Ben Smith is learning the hard way about the difficulties of running a French state-backed business. Economy Minister Bruno Le Maire publicly took the Canadian to task for being quoted in the Financial Times as saying that the government was prepared to sell its 14 percent ...

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• 30 September

  Delta CEO blames ‘device issue’ for system failure

  Bloomberg Delta Air Lines Inc. blamed a “physical device issue” for a systems failure that forced the carrier to briefly ground all domestic flights earlier this week. Chief Executive Officer Ed Bastian provided few details about the cause of the disruption. Speaking at the Skift Global Forum in New York, he referred to the September 25 problem as “a hiccup” ...

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• 30 September

  JetBlue mimics US rivals by adding no-frills fare class

  

  Bloomberg JetBlue Airways Corp. will offer its own version of a basic economy fare, saying its “success is at risk” if it doesn’t match the discounted, no-extras tickets being sold by larger rivals. The change will be part of a broader shakeup of JetBlue’s fare system that will debut next year, President Joanna Geraghty told airline employees in a message. ...

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• 29 September

  UAE-UN entity deal to build Arab women’s capacities in military, peacekeeping fields

  

  NEW YORK / WAM In the presence of His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, the UAE Ministry of Defence and the General Women’s Union – under the patronage of HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, President of the Supreme Council for Motherhood and Childhood, and Supreme ...

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• 29 September

  Southeast Asia could hit $5 trillion growth mark

  

  Bloomberg Southeast Asia’s been home to almost half of the biggest growth drivers in the past half-century. To keep investors interested, it’ll have to make the right moves across technology, education and infrastructure, according to Diaan-Yi Lin, a senior partner at McKinsey & Co. Among 71 developing economies of the past half-century, 18 are responsible for the lion’s share of ...

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• 29 September

  Pakistan raises interest rate to highest in 3 years

  

  Bloomberg Pakistan raised its key rate to the highest in three years, making it Asia’s most aggressive interest-rate hiker this year as the country’s finances continue to dwindle. The target policy rate was raised for the third straight meeting to 8.5 percent from 7.5 percent, the State Bank of Pakistan said in a statement on Saturday. The move was predicted ...

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• 29 September

  Dubai Customs, Japanese firms discuss ways to boost cooperation

  

  DUBAI / WAM The Director of Dubai Customs, Ahmed Mahboob Musabih, has received a delegation comprising representatives of Japanese companies headed by the Japanese Consul-General to Dubai, Dr. Akima Umezawa. During the meeting, the parties discussed means of boosting economic cooperation between Japan and UAE and expanding cooperation with Japanese businesses and diplomatic missions. Musabih reaffirmed the importance of cooperating ...

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• 29 September

  Retailers briefed over ‘registration’ methods in Ajman

  AJMAN / WAM The Federal Tax Authority (FTA), held an awareness session in the Emirate of Ajman for retailers and other representatives from the private sector in all Northern Emirates in collaboration with the chambers of commerce, introducing them to the simplified online procedures for registering in the Tax Refunds for Tourists Scheme. The FTA revealed a notable increase in ...

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• 29 September

  UAE, Ireland sign bilateral agreement on air transport

  

  NEW YORK / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, continued holding bilateral meetings with his counterparts on the sidelines of the 73rd session of the United Nations General Assembly (UNGA 73), at the UN headquarters. His Highness met Ismail Ould Cheikh Ahmed, Minister of Foreign Affairs of Mauritania; Kang Kyung-wha, ...

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• 29 September

  UN chief lauds UAE’s humanitarian efforts

  NEW YORK / WAM UN Secretary-General Antonio Guterres, received His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, in New York. During the meeting, which took place on the sidelines of the 73rd session of the UN General Assembly (UNGA 73), the two sides reviewed regional developments, particularly in Yemen, Libya and Syria. Secretary-General ...

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