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Bloomberg Avon Products Inc. will cut 10 percent of its global headcount as it looks for new ways to save money and simplify its structure. Most of the job cuts will take place this year, saving the makeup company about $97 million by the end of 2019. These aren’t Avon’s first round of recent layoffs. The staffing cuts come on ...

Bloomberg British Airways is refusing to offer pilots and other staff a new three-year salary package, citing an uncertain post-Brexit outlook in proposing a 12-month agreement instead. “We can agree a one-year pay deal,” the IAG SA-owned airline said in a letter to unions obtained by Bloomberg News. “This gives certainty over pay for colleagues in what is anticipated to ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) announced, on Saturday, the signing of an agreement, awarding an onshore block — known as Onshore Block 3 — to US based international oil and gas exploration and production company Occidental Petroleum. The award has been endorsed by Abu Dhabi’s Supreme Petroleum Council (SPC). Onshore Block 3 covers an ...

Bloomberg Venezuela’s oil production will likely fall 18 percent to around 900,000 barrels per day due to pressure from US sanctions and lack of materials for workers, compared to a current output estimate of 1.1 million barrels per day, according to Ann-Louise Hittle, an oil analyst at Wood Mackenzie.

DUBAI / Emirates Business In the disruptive age of Uber, Amazon and Airbnb, today’s consumers are accustomed to easy-access, high-quality services tailored to meet their needs. It is this experience with private sector technologies that is shaping their expectation for government service delivery. In turn, the transforming government and citizen relationship has necessitated a radical rethink of government services. The ...

Dubai / Emirates Business We could be about to see the day that big data makes a bid to be displayed at The Louvre. For that is what one of the eye-catching events being held at this year’s WGS for the first time is aiming for: the transformation of data into art. The World Data Visualisation Prize – the result ...

DUBAI / WAM In recent years Estonia has emerged as one of the most advanced e-societies in the world. Headed by Prime Minister Juri Ratas, Estonia will be represented with the largest delegation at the seventh edition of the World Government Summit (WGS 2019). Prime Minister Ratas, along with Estonian ministers and advisors will share their experiences on the nation’s ...

Abu Dhabi / Emirates Business Abu Dhabi Securities Exchange, the region’s leading financial market, signed a Memorandum of Understanding (MoU) with the Securities Depository Center Company (Edaa), which is wholly-owned by the Saudi Stock Exchange (Tadawul) and the sole entity responsible for providing custody, registration, clearing and settlement services for securities traded on the Saudi Stock Exchange. The MoU was ...

Abu Dhabi / Emirates Business Bawabat Al Sharq Mall, Abu Dhabi’s premier family shopping and leisure destination has lined-up one of the most exciting shopping and winning experiences. During its “Fall in Love with Abu Dhabi” promotion, the mall celebrates the season of love with its shoppers by giving them chances to win from three exceptional holidays. Three lucky shoppers ...

dubai / wam His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, witnessed the crowning of Emirati riders as winners of The Custodian of the Two Holy Mosques Endurance Cup in Al Ula, Saudi Arabia. His Highness Sheikh Mohammed congratulated the Custodian of the Two Holy Mosques King Salman bin ...