August, 2017

• 21 August

  84% satisfaction rate with UAE government portal

  ABU DHABI / WAM The m-Government – Telecommunications Regulatory Authority (TRA) announced that 1,800 persons participated in the evaluation of the official portal of the UAE government, Government .ae, during July 2017, with a result showing 84 percent satisfaction with the quality of the portal’s content, while 16% percent said they were dissatisfied with the content, and provided some comments ...

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• 21 August

  Clash over Brexit timetable as UK publishes more policy papers

  

  ­­­­­­­­­­­Bloomberg Britain and the European Union are at odds over how soon the Brexit talks can pivot towards a trade deal as Theresa May’s government seeks to turn on the pressure by disclosing more policy details. The UK government will publish five papers this week, with two dropping on Monday. The one that examined the treatment of goods said that ...

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• 21 August

  US slashes visa after Russia ‘cuts staff’

  

  Bloomberg The US said it’s slashing visa services in Russia after the Kremlin ordered it to cut two-thirds of staff at its embassy and consulates as relations between the former Cold War rivals spiraled. All non-immigrant visa operations will be halted from Aug. 23 and will resume “on a greatly reduced scale” from Sept. 1, with applicant interviews conducted solely ...

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• 21 August

  Citigroup’s Japan HQ, staff to shift

  Bloomberg Citigroup Inc. will move its Japan headquarters and about 1,200 employees to a new building in Tokyo by the end of the third quarter, according to people familiar with the matter. The New York-based firm will officially move the location of its main Japan office to the Otemachi Park Building from the Shin-Marunouchi Building on August 28, said the ...

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• 21 August

  Advertisers rip a page from Wall Street playbook to curb fraud

  

  Bloomberg An online advertisement for Lancome lipstick or a Lamborghini might not appear to have anything to do with the technology guts of modern financial markets. But with fraud rampant, some of Wall Street’s hottest buzzwords are being uttered on Madison Avenue. About a fifth of digital ad spending—an estimated $16 billion this year—will wind up in the pockets of ...

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• 21 August

  UK property market softens: Brexit effect

  Bloomberg London property sellers are reining in their expectations as demand for homes continues to ease and the slowdown across the market shows few signs of letting up. Asking prices in the city rose 1.6 percent in August over the past year, Rightmove Plc said on Monday. While that’s up from the July pace, it’s well below a 2014 peak ...

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• 21 August

  Cathay Pacific to buy Airbus A321neo jets for $4.1 billion

  

  Bloomberg Cathay Pacific Airways Ltd. agreed to purchase 32 Airbus SE single-aisle jets in an order worth $4.1 billion as it seeks to upgrade and expand the fleet of its affiliate Cathay Dragon. The Hong Kong carrier entered into a non-binding preliminary agreement to buy the A321-200neo aircraft, it said in a statement to the city’s stock exchange on Monday. ...

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• 21 August

  Garuda unit set for Indonesia’s biggest share sale in a year

  

  Bloomberg PT Garuda Maintenance Facility AeroAsia, a unit of national carrier PT Garuda Indonesia, plans to raise as much as $300 million in an initial share sale to fund setting up of a new unit in an island near Singapore and expand overseas. GMF AeroAsia, which conducts maintenance, repair and overhaul of aircraft for 170 customers, will offer between 20 ...

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• 21 August

  Etihad Airways new chief may join late 2017

  

  Reuters Etihad Airways has delayed the appointment of its new group chief executive to late 2017 with the hiring of a new boss nearly finalised, the airline said on Monday. In May, Abu Dhabi’s Etihad appointed executive Ray Gammell as interim Group CEO to replace veteran CEO James Hogan who left on July 1. At the time, Etihad said it ...

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• 21 August

  American, Delta get the pinch as cheap airfares to Europe rise

  

  Bloomberg Already under pressure from discounters at home, major US airlines are facing a tighter squeeze abroad as low-cost rivals ramp up service across the Atlantic. At American Airlines Group Inc., a measure of trans-Atlantic fares just plunged 9.1 percent, the most since right after the recession ended in 2009, as European budget carriers such as Norwegian Air Shuttle ASA ...

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