July, 2017

• 4 July

  Turkey exempted from laptop ban as Mideast hubs await relief

  

  Bloomberg Turkish Airlines said it expects measures barring large electronic devices from the cabins of aircraft leaving Istanbul for the US to be lifted on Wednesday, while long-haul competitor Emirates is counting on the restrictions being removed from its Dubai hub in the near future. Shares of Turkish Air rose 2.4 percent following the comments from Chief Executive Bilal Eksi ...

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• 4 July

  Air France whips short-sellers after bookings recovery

  

  Bloomberg Short-sellers who circled Air France-KLM Group earlier this year found themselves in a fight-or-flight moment, and they’ve fled. Europe’s largest airline has more than doubled in share price since the start of 2017, indicating the carrier has won the battle. Short interest has tapered to just 1.1 percent of shares outstanding on June 30 from this year’s peak of ...

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• 4 July

  TUI weighs resurrecting Air Berlin leisure carrier

  

  Bloomberg TUI AG is considering resurrecting efforts to form a joint venture with Air Berlin Plc and Etihad Aviation Group by taking a bigger role in the endeavour than originally planned, according to people familiar with the situation. TUI is studying whether to take a majority stake or even full ownership of the proposed leisure airline — which was intended ...

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• 4 July

  Sainsbury sales bask in summer heat

  Bloomberg Early summer barbecues and higher prices proved a potent combination for UK supermarket chain J Sainsbury Plc in the first quarter of its financial year. As sweltering temperatures lifted demand for everything from burgers to paddling pools, like-for-like retail sales rose 2.3 percent, London-based Sainsbury said on Tuesday. That compared with the average estimate of nine analysts for a ...

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• 4 July

  Air Canada to revive revenue-sharing plan with United

  

  Bloomberg Air Canada is eager to revive a revenue-sharing arrangement with United Airlines on cross-border routes, now that a bill in the Canadian Parliament has been introduced that could make such joint ventures easier to pass regulatory muster. “We’re definitely interested in pursuing a JV with United,” Yves Dufresne, Air Canada’s vice president of alliances and regulatory affairs, said. “The ...

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• 3 July

  ADGM, Qianhai Authority to promote FinTech cooperation

  

  Abu Dhabi / Emirates Business The Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone (Qianhai Authority) and the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) entered into a new partnership to further develop and promote closer investment and financial innovation opportunities and collaborations for enterprises in Qianhai, Hong Kong and Abu Dhabi. In support ...

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• 3 July

  ADEC and Emirates Transport launch app for students’ safety

  

  Abu Dhabi / WAM The Abu Dhabi Education Council (ADEC) and Emirates Transport have launched ‘Hafilaty’, an app that enables parents to track their children to and from school, as part of their efforts to enhance safety in school buses. Mohammed Salem Al Dhaheri, Executive Director of the School Operations Sector in ADEC, said that this project is being implemented within ...

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• 3 July

  Dubai to get 12 new private hospitals by 2020

  Dubai / WAM Twelve new private hospitals will open in Dubai by the year 2020 totalling the number of private hospitals in the emirate to 38, the Dubai Health Authority (DHA) has announced. The DHA’s Health Regulation Department said that the private medical field in Dubai is going to witness a growth in the next few years leading to 2020. ...

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• 3 July

  Geant Hypermarket to get Dubai Endowment sign

  Dubai / WAM In the spirit of #Year_of_Giving initiative of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, Geant Hypermarket announced its participation in environment endowment fund by The Mohammed Bin Rashid Global Centre for Endowment Consultancy (MBRGCEC) and the Emirates Wildlife Society in association with WWF (EWS-WWF). The environment endowment fund is a first of its kind endowment, ...

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• 3 July

  DSMG offers visitors chance to drive away Q50 Infiniti car

  

  Dubai / Emirates Business As the 20th edition of the Dubai Summer Surprises (DSS) kicked off on July 1, Dubai Shopping Malls Group (DSMG) with the support of Dubai Festivals and Retail Establishment (DFRE) has announced their ‘Shop, Win & Drive’ campaign, offering lucky shoppers a chance to drive home in a sleek and sporty luxury Infiniti Q50 car. Dubai ...

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