July, 2018

• 23 July

  Tesco readies new discount stores to take on Lidl, Aldi

  

  Bloomberg Tesco Plc is readying a new chain of discount stores in the company’s most direct offensive on Aldi and Lidl to date. The UK’s largest retailer is recruiting for staff to work in the new store format at sites in Immingham in northeast England and in Chatteris, about 80 miles north of London, according to postings on the LinkedIn ...

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• 23 July

  Papa John’s adopts ‘poison pill’ plan to thwart ex-chairman takeover bid

  

  Bloomberg Papa John’s International Inc.’s board approved a so-called poison-pill plan to fend off any attempt by founder John Schnatter to gain a controlling interest as the pizza chain seeks distance from its controversial namesake. Schnatter, 56, resigned as chairman earlier this month after reports surfaced that he used a racial slur and graphic depictions of violence against minorities during ...

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• 23 July

  Airbus A380 albatross gets new life through leasing firm

  

  Bloomberg The world’s largest passenger jet is finally getting a second life. On August 1 a 10-year-old, Airbus SE A380 formerly flown by Singapore Airlines will enter service with a new carrier, said Paulo Mirpuri, chief executive officer of aircraft lessor Hi Fly. He said he has two candidates interested in flying the refurbished, 471-seat, jumbo jet: a large European ...

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• 22 July

  UN lauds UAE for Yemen humanitarian efforts

  HODEIDAH / WAM The Director of the UN Office for the Coordination of Humanitarian Affairs (OCHA) in Aden, has praised the UAE’s humanitarian and relief efforts through the Emirates Red Crescent (ERC) in Hodeidah Governorate and the Red Sea Coast of Yemen. This came during a meeting with Saeed Al Kaabi, UAE Humanitarian Operations Director for Yemen, where the UN ...

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• 22 July

  EAD’s board of directors restructured

  Abu Dhabi / WAM HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Chairman of the Executive Council of Abu Dhabi, issued a Resolution restructuring the Board of Directors of the Environment Agency — Abu Dhabi (EAD) under the chairmanship of HH Sheikh Hamdan bin Zayed Al ...

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• 22 July

  Etihad, Emirates in deal talks with African carrier

  

  Bloomberg Two United Arab Emirates airlines have held talks with South African Airways about a partnership that it says is needed to revive its business, City Press reported, citing the UAE ambassador to South Africa. Talks between Emirates Airline and SAA, which have been going on for some months, are being facilitated by the UAE’s embassy in Pretoria, the Johannesburg-based ...

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• 22 July

  RAK international visitors rise 14%

  RAS AL KHAIMAH / WAM The Ras al-Khaimah Tourism Development Authority (RAKTDA) on Sunday announced a 14 percent increase in international visitors during the first six months of the year. These figures are larger than United Nations World Tourism Organisation (UNWTO) forecast of 4 percent tourism growth in the Middle East in H1 and demonstrates the ongoing strength of Ras ...

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• 22 July

  UAB profit up 46% in H1

  SHARJAH / WAM United Arab Bank (UAB) reported net profits for the first six months of 2018 at AED81 million, representing an uplift of 46 percent compared with the same period last year, primarily driven by growth in ‘core’ income and reduction in provision charges following a transition to a lower risk business model. Total income reached AED341 million, with ...

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• 22 July

  Abu Dhabi launches 13 new digital services

  

  ABU DHABI / WAM The Urban Planning and Municipalities Department has laun-ched 13 new digital services as part of its efforts to participate in the digitalisation drive and the modern vision of our leaders, who are keen to improve the quality of services and bringing happiness to community members. The move also responds to the needs of sustainable development and ...

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• 22 July

  Dubai FDI deepens ties with Egypt

  Dubai / WAM Dubai FDI, the investment development agency of Dubai Economy Department (DED) has moved to strengthen Dubai’s business and investment ties with Egypt, following its meeting with high-level Egyptian delegates from the General Authority for Investment and Free Zones. During discussions held in Dubai, both parties tackled volume of foreign investments coming into the city as a result ...

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