July, 2017

• 30 July

  Europe can still build investment-bank champions, says BNP

  

  Bloomberg BNP Paribas SA is showing it’s still possible to build a big investment bank franchise from Europe. France’s largest lender outshone Germany’s Deutsche Bank AG and much of Wall Street for another quarter, posting a standout performance in equity derivatives to help drive better-than-expected profit. Among bright spots: Equity and prime services revenue jumped 26 percent amid surging demand ...

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• 30 July

  Leadership race heats up at Bank of Italy

  

  Bloomberg The euro area’s third-largest economy is seeking someone to help oversee its struggling recovery — and review the European Central Bank (ECB) stimulus the country relies upon. Competition for the top job at the Bank of Italy, which comes with a seat on the ECB’s Governing Council, is heating up. The position has a high-profile history — ECB President ...

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• 30 July

  Your banker is always in: Sweden rolls out the robots

  

  Bloomberg Aida is the perfect employee: always courteous, always learning and, as she says, “always at work, 24/7, 365 days a year.” Aida, of course, is not a person but a virtual customer-service representative that SEB AB, one of Sweden’s biggest banks, is rolling out. The goal is to give the actual humans more time to engage in more complex ...

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• 30 July

  $1 trillion airport spree puts S’pore, Hong Kong on notice

  

  Bloomberg For decades, Singapore and Hong Kong have reigned supreme: as key transit points connecting travellers in Asia to and from the rest of the world. But now, a $1 trillion global airport spree is threatening the status quo. About half that money is due to be spent on upgrading or building new airports in Asia, the Sydney-based CAPA Centre ...

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• 30 July

  GCC travellers help drive record visitor numbers to Ireland

  

  DUBAI / Emirates Business GCC visitors have helped to drive record visitor numbers to Ireland according to Tourism Ireland, the organisation responsible for promoting the island of Ireland overseas as a leading holiday destination. GCC countries are an important developing market for Ireland, contributing to a 20.6% rise in its segment for the period January to June this year. Overall, ...

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• 30 July

  Airbus slashes superjumbo output

  

  Bloomberg Airbus SE said it will almost halve production of its slow-selling A380 superjumbo, casting further doubt over the program’s future, while warning that engine glitches are still weighing on deliveries of the single-aisle A320 that’s due to become its largest-volume model. The A380 build rate will be reduced to eight jets a year in 2019, down from 15 this ...

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• 30 July

  DeG registers details with smart gate system at SIA

  WAM A delegation from Sharjah’s Department of eGovernment (DeG), visited Sharjah International Airport (SIA), where they registered their details with the facility’s smart gate system. The visit came in line with the department’s commitment to supporting digital and electronic ventures that facilitate the ease of conducting procedures and which elevate the environment of Sharjah for its residents and visitors. “DeG’s ...

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• 30 July

  Turkish Airlines offers healthy flight recipe to travellers

  

  DUBAI / Emirates Business Turkish Airlines collaborates with Dr Mehmet Oz, the producer and host of world-renowned ‘The Dr Oz Show’, on its ‘Fly Good Feel Good’ project, aiming to provide an even more comfortable and healthy travel experience to its passengers. Dr Oz gives advice to the passengers of Turkish Airlines, the airline flying to more countries than any ...

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• 29 July

  Sharjah to organise region’s first ‘silent book’ exhibition

  Sharjah / WAM The second Silent Book Exhibition, curated by the International Board on Books for Young People (IBBY), was launched in Rome in 2015 and is being brought to the UAE for the very first time by the UAE Board on Books for Young People (UAEBBY) this August. Now a prestigious internationally touring exhibition, the Silent Book project started ...

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• 29 July

  ADNOC to decide on renewal of Japan oil concession by early next year

  

  TOKYO / Reuters Abu Dhabi National Oil Co (ADNOC) expects to make a final decision on whether to renew Japanese firms’ oil concessions in Abu Dhabi oilfields before year-end or very early next year, its top executive told the Nikkei business daily. The majority of Japanese stakes in Abu Dhabi oilfields including Inpex Corp’s 12 percent hold in the massive ...

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