September, 2018

• 4 September

  Poland vows to improve working conditions at Amazon warehouse

  

  Bloomberg A Polish government agency said it’s working with Amazon.com Inc. to improve conditions at its facilities amid union concerns of worker exploitation. The State Labor Inspectorate held more than 50 reviews of Amazon’s warehouses and other Poland-based centers since 2014, finding irregularities related to health and safety regulations, sanitary conditions and timely remuneration, the agency said. The retail giant, ...

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• 4 September

  Strikes, traffic control disruption hit Ryanair

  Bloomberg Ryanair Holding Plc scrapped flights for 100,000 passengers last month as operations at the discount carrier were hit by strikes in five nations together with air traffic control disruption across a swathe of Europe. Ryanair cancelled almost 550 flights in August, compared with 27 a year earlier, the Dublin-based company said. Cockpit crews walked out on August 10 in ...

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• 4 September

  Muji weighs Brexit HQ move away from UK to continent

  

  Bloomberg The retailer of Muji products is considering moving its European headquarters out of the UK because of Brexit, in what would be at least the second such shift by a Japanese company. Ryohin Keikaku Co., which sells everything from furniture to kitchenware under the Muji brand, is weighing Germany as the most likely site for a new European base, ...

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• 3 September

  Abu Dhabi mulls merger to create banking giant

  

  Bloomberg Abu Dhabi is exploring a potential merger between three of its banks to create a lender with about $110 billion of assets as the oil-rich emirate moves ahead with the consolidation of state-controlled companies. Abu Dhabi Commercial Bank PJSC (ADCB) and Union National Bank PJSC (UNB), which are both listed locally, are in talks to combine with privately-held Al ...

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• 3 September

  Etisalat Digital inks ‘hosting’ deal

  DUBAI / WAM Etisalat Digital on Monday announced that Massar Solutions, a UAE-based fleet management firm, has signed up for its secure and reliable OneCloud Services. Etisalat OneCloud offers a convenient on-demand subscription to a pool of configurable shared and dedicated multi-tenant computing resources. This end-to-end managed cloud solution includes ‘infrastructure as a service’, managed security services, managed backup, managed ...

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• 3 September

  ‘UAE a force of good in the world’

  ABU DHABI / WAM Moustapha Niasse, President of the National Assembly of Senegal, said that the UAE is a force of good in the world, because of its efforts to promote social and humanitarian causes and help people suffering from disasters and crises, as well as its development initiatives that have created a difference to the international efforts to limit ...

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• 3 September

  Trade-war fears hit euro factories

  

  Bloomberg Euro-area manufacturers saw order growth slow to the weakest pace in two years after renewed concerns over trade prospects hit confidence. Purchasing Managers’ Indexes (PMI) from across Europe signal business sentiment is waning, threatening to harm the economy at a time when price pressures are building after years of subdued growth. Momentum is also weakening in China, while output continued ...

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• 3 September

  Libya leads Opec oil output to 2018 high

  

  Bloomberg Opec crude production rose in August to the highest level this year as a recovery in Libyan output helped to offset a cut in Iranian exports due to US sanctions. The group’s 15 members, which now include the Republic of Congo, collectively produced 32.74 million barrels a day last month, an increase of 420,000 barrels a day from July, ...

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• 3 September

  Arab Future Cities Summit opens

  

  Dubai / WAM Dr. Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development and Chairman of the Board of Directors of the Sheikh Zayed Housing Programme, on Monday launched the 5th Arab Future Cities Summit 2018 in Dubai. The two-day summit was organised by the Ministry of Infrastructure Development and the Sheikh Zayed Housing Programme, in cooperation with “Expotrade ...

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• 3 September

  National Bank of Fujairah launches Mudaraba products

  

  Fujairah / WAM National Bank of Fujairah (NBF), announced the expansion of its NBF Islamic portfolio by launching a suite of savings products based on the Islamic principle of Mudaraba. By doing this, the bank complements the existing Sharia’-compliant Murabaha and Wakala deposits by adding savings accounts, fixed-term and dream deposits. Mudaraba is one of the most credible Islamic products ...

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