September, 2018

• 23 September

  India’s multi-billion dollar warplane deal faces scrutiny

  

  Bloomberg India’s prime minister is facing allegations his administration acted improperly on a multi-billion dollar warplane contract with France, keeping alive a controversial issue that could dent the ruling party’s reputation as it heads to elections next year. Francois Hollande was president when Indian PM Narendra Modi visited France and signed an $8.7 billion deal for Dassault Aviation Rafale aircraft ...

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• 23 September

  Jet Airways pilots forget to pressurise cabin, hurting flyers

  

  Bloomberg Pilots operating a Jet Airways India Ltd. flight forgot to turn on a switch that maintains optimal pressure in the cabin during ascent, causing injuries to some aboard. About 30 of the 166 passengers aboard the Boeing Co. 737 aircraft from Mumbai to Jaipur suffered bleeding in their noses, and a few in their ears, forcing the plane to ...

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• 23 September

  Singapore Air takes delivery of jet for world’s longest flight

  

  Bloomberg Singapore Airlines Ltd. took delivery of the Airbus SE A350-900 ultra long range aircraft to start a non-stop service to New York, a journey of about 19 hours that will become the world’s longest. The first commercial flight between Singapore and Newark Liberty International Airport will be on October 11, Singapore Air said in a statement. This is the ...

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• 23 September

  Cool Britannia fights to stay in fashion amid Brexit impasse

  

  Bloomberg In the 1990s heyday of “cool Britannia,” designers John Galliano and Alexander McQueen ruled the runway, Burberry’s tartan was the design of the moment and model Kate Moss zipped around the globe to the tune of Oasis and the Spice Girls, sporting a Union Jack blazer. But the music has stopped and today’s fashion kids are more likely to ...

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• 22 September

  Coalition offered $17.6bn in aid to Yemen in three years

  RIYADH / WAM The member countries of the Saudi-led Arab Coalition to Support Legitimacy in Yemen have provided a total of $17.6 billion worth of assistance in three years. “Out of this assistance, the Kingdom of Saudi Arabia, accounted for more than $11.5 billion,” said Dr Abdullah Al Rabeeah, the Supervisor-General of the King Salman Humanitarian Aid and Relief Centre, ...

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• 22 September

  China scraps trade talks as new US tariffs loom

  

  Bloomberg China has called off planned trade talks with the US and is unlikely to sit down with Washington until after the mid-term elections, according to people familiar with the situation. Beijing has withdrawn a planned delegation to Washington next week, the people told Bloomberg. The Wall Street Journal earlier reported that China had scrapped plans to send Vice-Premier Liu ...

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• 22 September

  ADX chairs Arab Federation of Exchanges meet

  

  ABU DHABI / WAM Rashed Al Blooshi, Chief Executive of Abu Dhabi Securities Exchange (ADX), chaired the 43rd session of Arab Federation of Exchanges (AFE) meeting. The annual meeting of the AFE in its 43rd session took place in Abu Dhabi was attended a number of CEOs of Arab stock exchanges and chairmen of clearing and depository companies from all ...

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• 22 September

  FTA urges retailers to register for tourist VAT refund scheme

  

  ABU DHABI / WAM The Federal Tax Authority (FTA), has invited retailers, outlets and shops registered for Value Added Tax (VAT), to register in the digital system of the Tax Refund Scheme for tourists, which will come into effect as of the fourth quarter of 2018. The authority cautioned that a retailer’s membership in the Tax Refund Scheme for tourists ...

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• 22 September

  DLD service centres serve 39,000 investors with value of AED131bn

  DUBAI / WAM Dubai Land Department (DLD), has announced that its service centres across the emirate have served more than 39,000 investors, after helping them complete their investments with a total value of AED 131 billion during the period from January to August 31. In the latest report issued by DLD, the number of transactions provided in service centres during ...

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• 22 September

  Mohamed attends Saudi Crown Prince camel festival

  

  Taif / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Prince Mohammed bin Salman bin Abdulaziz Al Saud, Saudi Crown Prince, on Saturday, watched the concluding event of the Mohammed bin Salman Camel Race Festival, the largest race in the world, at Taif Camel ...

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