August, 2017

• 28 August

  Pentagon’s No. 2 sets up alert system on his ex-employer Boeing

  

  Bloomberg Patrick Shanahan, the Pentagon’s No. 2 civilian, has set up an alert system to insulate himself from decisions affecting Boeing Co., where he rose to senior vice president during a 30-year career. The new deputy defense secretary has signed a “screening arrangement” that will notify Defense Secretary James Mattis and Shanahan’s staff to issues involving Boeing—the No. 2 US ...

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• 28 August

  China state airlines find home turf more profitable

  

  Bloomberg For years, China’s three state-owned airlines kept adding flights on international routes to chase after a rising middle class that can afford to fly overseas. Now, they are slowing that down in favour of the local market. In the first half of 2017, Air China Ltd., China Eastern Airlines Corp. and China Southern Airlines Co. increased international seats at ...

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• 28 August

  Steinhoff rejects dishonesty allegations

  

  Bloomberg Steinhoff International Holdings NV rejected allegations of dishonesty made in a Manager-Magazin report that Chief Executive Officer Markus Jooste is among employees being investigated by German prosecutors in a 2015 case linked to possible accounting fraud. Substantial information in the article is “wrong or misleading,” the South African furniture and clothing retailer said. Referring to the start of the ...

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• 27 August

  ‘We salute sacrifice of martyrs’ mothers’

  Abu Dhabi / WAM The celebration of Emirati Women’s Day reflects the UAE leadership’s profound belief in the contributions of women and their role in the country’s development, said HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in the Al Dhafra Region. In a statement to mark the day, Sheikh Hamdan said that since the establishment of the UAE ...

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• 27 August

  Libya’s crude production suffers setback as more fields halt output

  

  Bloomberg Two more oil fields in Libya are being closed after an armed group took over pipelines to both deposits, further disrupting the OPEC nation’s plan to boost crude production. El Feel, or Elephant, stopped production, Wessam Al-Messmari, an office manager for the Petroleum Facilities Guard that is protecting the field, said Sunday by phone. State-run National Oil Corp. declared ...

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• 27 August

  Malaysia to promote halal products at Dubai expo

  

  DUBAI / WAM Exporters from Malaysia, the world’s largest producer and exporter of Halal food products, are going to showcase the country’s multi-billion dollar Halal industry, that last year recorded $9.79 billion worth of Halal exports worldwide, at the 9th edition of the Halal Expo Dubai to be held on September 18 and 19 at the Roda Al Bustan Hotel ...

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• 27 August

  EMAC keen to work with regional entities to boost maritime industry

  

  DUBAI / WAM The Emirates Maritime Arbitration Centre (EMAC) last week met with senior executives in two key meetings in Fujairah, as part of its commitment to work with key industry bodies in the region’s maritime sector. In the first meeting, the EMAC delegation discussed boosting cooperation with Port of Fujairah General Manager, Captain Mousa Murad, and Harbour Master, Captain ...

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• 27 August

  First Emirati-French business summit in September

  Dubai / Emirates Business The Roads and Transport Authority (RTA), in collaboration with the French Business Council in Dubai & Northern Emirates, will host the “First Emirati – French Business Engagement Summit” on September 25, 2017, as part of efforts to create an environment conducive to growth of trade & investment between the two sides. “More than 200 CEOs and ...

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• 27 August

  TCA Abu Dhabi woos GCC tourists with ‘border initiative’

  ABU DHABI / Emirates Business Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi) launched a 45-day promotional push at the UAE-Saudi Arabia border with a selection of hotels, resorts, attractions and the emirate’s entertainment destination of Yas Island to capitalise on an unprecedented surge in tourist arrivals from Saudi Arabia and neighbouring GCC countries during the summer and the ...

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• 27 August

  Women account for 70% of nationals in banking sector

  

  SHARJAH / WAM The representation of Emirati women among the national workforce in the banking sector of the UAE stands at 70 percent, among the highest of any sector in the country, according to Jamal Al Jasmi, General Manager of the Emirates Institute for Bankingand Financial Studies, EIBFS. Al Jasmi said the rise of the country’s women is a result ...

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