June, 2017

• 27 June

  American drops uniform supplier amid health fears

  

  Bloomberg American Airlines Group Inc. will find a new supplier to make uniforms for 70,000 employees, following thousands of complaints by flight attendants who said the current outfits were making them ill. The carrier is selecting a new provider and won’t renew its contract with Twin Hill, a unit of Tailored Brands Inc., American said in a letter to employees. ...

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• 27 June

  Italy’s Leonardo looks abroad as new CEO takes helm

  

  PARIS / Reuters The new chief executive of Italy’s defence and aerospace group Leonardo will target the Gulf and Far East as part of an aggressive expansion drive to boost its international presence, according to company and government insiders. After years of cuts to defence budgets that have curbed demand for military equipment, including in Italy, Alessandro Profumo is looking ...

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• 21 June

  Fuel oil profit margins rise to five-year high

  

  SINGAPORE / Reuters Fuel oil profit margins have surged to their highest in more than five years on lower supplies and rising demand from electric power generators, which may push some refiners to increase their runs. Fuel oil, the residue left over after initial crude refining, has become scarce in Asia as refiners make their plants more complex by upgrading ...

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• 21 June

  UAE Clearing System handles cheques worth AED643.7bn

  

  Abu Dhabi / WAM A total of 12.922 million cheques worth AED643.7 billion were handled by the UAE Clearing Cheque System during the first five months of 2017, according to the UAE Central Bank data. A total of AED28.9 billion worth of 546,000 cheques were bounced from January through the end of May, accounting for 4.5 percent of the cheques’ ...

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• 21 June

  DEWA unit-Dell deal to develop cloud computing solutions

  Dubai / WAM Data Hub Integrated Solutions (MORO), a fully-owned subsidiary of Dubai Electricity and Water Authority (DEWA) signed a Memorandum of Understanding with Dell to enhance collaboration and partnership between the two companies and to develop and deliver cloud computing solutions, integrated infrastructure administration services and servers, secure data storage solutions, innovative information technology applications. The MoU facilitates enhanced ...

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• 21 June

  SCA: 633 marketing foreign funds in UAE by end of 2016

  ABU DHABI / WAM The number of marketing foreign funds incorporated by the Securities and Commodities Authority (SCA) in the UAE grew 5.6 percent to 633 funds by the end of 2016, from 599 in 2015. SCA in recent statistics indicated that the number of foreign marketing funds operating in the country over the past five years jumped from 218 ...

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• 21 June

  Emirates, flydubai seek closer ties to boost returns

  PARIS / Reuters Emirates, the Middle East’s largest airline, and budget carrier flydubai will start to deepen their relationship over the next 18 months as their owner, the Dubai government, seeks to improve returns. Emirates President Tim Clark told reporters on Wednesday that changes could include more closely coordinated connecting – or feeder – flights, and a joint decision on ...

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• 21 June

  EGA to ‘share’ blueprint for innovative firms

  Dubai / Emirates Business Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside oil and gas, is to share the secrets of the success of its long-running programme to engage employees in continuous improvement with Government and private sector organisations developing policy recommendations to encourage innovation in the UAE. EGA is sponsoring the Innovation 360 think ...

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• 21 June

  Thuraya service to connect Internet of Remote Things

  

  DUBAI / WAM Thuraya Telecommunications Company announced the launch of the Thuraya IP M2M Service to support high volume, high throughput machine-to-machine (M2M) applications. The service is powered by Thuraya’s real-time, two-way IP network with speeds of up to 444 Kbps, a state-of- the-art Remote Term- inal Management (RTM) platform and the Thuraya IP+ terminal. The new service extends the ...

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• 21 June

  DP World wins ‘gold for employee engagement’ award in London

  

  Dubai / WAM DP World has won Gold for Employee Engagement award at the International CSR Excellence Awards in London, in recognition of its Global Education initiative, and being named Sustainability Champion for its ‘Our World, Our Future’ global sustainability programme. ‘Our World, Our Future’ was launched in February 2016 to unite DP World’s wide-ranging sustainability efforts and ensure maximum ...

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