November, 2017

• 12 November

  Guptas target S Africa bank regulator over account closures

  

  Bloomberg A group of companies linked to South Africa’s politically connected Gupta family said the country’s banking regulator encouraged lenders to shut their accounts, broadening a battle to retain the last of their banking services. The 20 businesses, which are suing Bank of Baroda’s local unit to keep their accounts open, have now included Reserve Bank Governor Lesetja Kganyago and ...

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• 12 November

  VietJet may buy 787s or A350s as airline weighs US route

  

  Bloomberg VietJet Aviation JSC plans to expand its fleet to include wide-body jets as the Vietnamese low-cost carrier considers California as its first US destination starting about 2019. Vietnam’s biggest private airline would use the larger aircraft to begin the route after the US Federal Aviation Administration grants Vietnam airlines permission to fly to America, said Nguyen Thi Phuong Thao, ...

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• 12 November

  Emirates doubles down on first-class with upgraded suite designs

  

  Bloomberg Emirates, which operates the world’s biggest fleet of long-haul aircraft, threw its weight behind the future of first-class travel, pouring millions into an upgrade of the ultra-luxury category on its Boeing 777 aircraft even as other carriers dispense of the biggest berths. President Tim Clark showcased the new design on the opening day of the Dubai Air Show, with ...

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• 12 November

  Retailers cut holiday season hiring as e-commerce takes toll

  

  Bloomberg As brick-and-mortar retailers struggle to remain relevant in the new world of e-commerce, they’re hiring fewer seasonal workers. That’s according to a report by Challenger, Gray & Christmas Inc., which shows October employment gains fell 8 percent from last year—a result of fewer hiring announcements from companies like Wal-Mart Stores Inc. The report shows that seasonal retail hiring has ...

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• 12 November

  Cathay to be dropped from Hang Seng Index

  Bloomberg Cathay Pacific Airways is losing its decades-old membership of Hong Kong’s benchmark equity gauge as the city’s flagship carrier struggles to revive earnings. The airline will be dropped along with Kunlun Energy Co. as part of Hang Seng Indexes Co.’s quarterly review. Country Garden Holdings Co., a Chinese property developer, and Sunny Optical Technology Group Co., an Apple Inc. ...

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• 12 November

  Singapore Air’s A380 to return to leasing firm after 10 years’ service

  

  Bloomberg The first Airbus SE superjumbo to exit service will be stored minus its engines at a French airfield as its owner seeks a new operator for a plane that while still relatively young in industry terms has fallen out of favour with airlines. The A380 will be returned to leasing firm Dr. Peters after 10 years of service with ...

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• 11 November

  GCC oil and gas project value tops AED1.21trn

  

  Dubai / Emirates Business The combined value of the 361 active oil and gas projects in the GCC has crossed $331.4 billion (AED1.21 trillion) in November 2017, according to latest Oil and Gas Construction Analytics report issued by BNC Network, the largest and most comprehensive project research and intelligence provider in the Middle East and North Africa (MENA) region. Hydrocarbon ...

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• 11 November

  Jafza records 7 percent growth in energy companies in 2016

  DUBAI / WAM Jafza, one of the world’s largest free zones, and a subsidiary of global trade enabler DP World has seen 7 percent growth in the number of oil and gas companies during 2016. DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem, said “Jafza’s prime location as a gateway to the Middle East, Africa and South Asia ...

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• 11 November

  DEWA employs 5 robots as staff

  Dubai / WAM Dubai Electricity and Water Authority (DEWA) announced the recruitment of five robots as staff, as part of its continuous quest to envision and make the future through the development of mechanisms that enrich the experience of customers and contribute to the provision of seven-star quality services at its Customer Happiness Centres. This is a pioneering government initiative ...

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• 11 November

  SIAL Middle East to host over 22,000 food industry experts

  

  ABU DHABI / Emirates Business Held under the patronage of HH Sheikh Mansour Bin Zayed Al-Nahyan, Deputy Prime Minister of the UAE, Minister of Presidential Affairs and Chairman of Abu Dhabi Food Control Authority, the eighth edition of SIAL Middle East will host more than 22,000 industry professionals and 900 exhibitors this year. Running from December 12-14 at the Abu ...

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