September, 2016

• 21 September

  Preparing for North Korea’s inevitable collapse

  

    Let’s be honest. The world would be a better place if a revolutionary tribunal in the near future sent North Korea’s Kim Jong-un and his henchmen to the gallows. Kim’s subjects are so malnourished that North Koreans are notably shorter than their South Korean cousins. The state’s gulags are so large, you can see them from space. Survivors of ...

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• 21 September

  India to ink €8bn Rafale jet deal

  

    Bloomberg An India ministerial panel is said to have approved the purchase of 36 new fighter jets made by France’s Dassault Aviation SA, concluding a major step in its decade-long quest to modernize the country’s air force. The Cabinet Committee on Security, which includes the prime minister, defense, foreign and finance ministers, has cleared the deal worth 8 billion ...

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• 21 September

  Jet2 targets Ryanair stronghold with 6 Boeing 737s at Stansted

  

    Bloomberg British discount airline Jet2 will station six new Boeing Co. 737-800 jetliners at London Stansted airport, opening its first base outside the northern U.K. and taking on Ryanair Holdings Plc in its own backyard. The move will see Jet2 serve 21 European leisure destinations, with the first flights commencing March 30, putting it on a par with EasyJet ...

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• 21 September

  Zara owner Inditex posts $1.8billion profit in 6 months

  

    Bloomberg Inditex SA, the world’s biggest clothing retailer, reported earnings that beat analysts’ estimates as the company prioritized online expansion over store openings. First-half operating profit increased 8 percent to 1.61 billion euros ($1.8 billion) in the six months through July, Inditex said on Wednesday. Analysts expected 1.58 billion euros. Revenue rose 13 percent in the first weeks of ...

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• 21 September

  ‘Delta’s Korean Air pact could become joint venture’

  

    Bloomberg A flight-sharing partnership between Delta Air Lines Inc. and Korean Air Lines Co. could transform into a joint venture, the US carrier’s Chief Executive Officer Ed Bastian said. The code-share agreement between the two operators “could lead to deeper relationship” with the possibility of becoming a joint venture, Bastian said at an event in Atlanta, where Delta is ...

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• 21 September

  Airbus gets US nod to deliver planes to Iran

    Bloomberg Airbus announced on Wednesday that the U.S. government has granted it a license to sell the first 17 airplanes involved in a landmark deal with Iran made possible by last year’s nuclear agreement. The announcement comes as Iranian leaders and U.S. officials are gathered this week in New York for the United Nations General Assembly and serves as ...

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• 21 September

  Air France plans low-cost startup to repel long-haul rivals

  

    Bloomberg Air France-KLM Group said it’s examining a range of options for entering the low-cost, long-haul travel market in a move that would parallel developments at German rival Deutsche Lufthansa AG. Europe’s largest airline has been working on plans for the venture for more than a year as it seeks to respond to competition from carriers including Norwegian Air ...

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• 21 September

  Behold top designs from across globe at Dubai fair

  

    Emirates Business Held under the patronage of Her Highness Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, in strategic partnership with the Dubai Design District (d3) and supported by the Dubai Culture and Arts Authority, Downtown Design will return this October 25-28 for its fourth edition as the commercial centrepiece of Dubai Design Week. Hosted in d3, the creative ...

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• 21 September

  GCC visitors top tourists in Ajman during Eid

  

    Ajman / Emirates Business Tourists from the Gulf Cooperation Council (GCC) countries including staycationers from the UAE were the top visitors of Ajman during Eid Al Adha holiday, according to Ajman Tourism Development Department (ATDD). Nationals from Egypt, Jordan, Kuwait, KSA, Bahrain and UAE were majority of the guests who stayed in Ajman’s hotels and hotel apartments, followed by ...

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• 21 September

  GCC fintech startups cash in on millennial banking needs

  

    DUBAI / Emirates Business GCC Financial Technology (FinTech) startups are cashing in on the always-connected banking habits of Millennials, say industry experts ahead of GITEX 2016. There is a surge in growth of “moneyhawks” — the high-income, and under-35-year-old customers who want constant mobile access to their banking and finance accounts. Banks often struggle to profit from their customers. ...

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