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Bloomberg Royal Bank of Scotland Group Plc will close 259 more branches across Britain in its latest round of cuts as customers shift to online banking. Outlets under both the NatWest and Royal Bank of Scotland brands will close in the middle of next year, resulting in about 680 job cuts, the company said. RBS said it will use the ...

Bloomberg Air France-KLM Group and Jet Airways India Ltd. agreed to deepen an existing partnership with offerings on India- Europe routes together, giving the biggest European airline more seamless access to the world’s fastest growing major aviation market. The latest deal will offer travel options for 44 cities in India and 106 destinations across Europe, Jean-Marc Janaillac, chairman of Air ...

Bloomberg Norwegian Air Shuttle ASA’s Argentine unit is planning direct flights from Buenos Aires to Los Angeles, New York and Istanbul as part of a $4.3 billion expansion in the South American country over the next 10 years. The discount airline is also eyeing service to such cities as Dallas, Honolulu and Johannesburg, said Ole Christian Melhus, head of Norwegian’s ...

Bloomberg India plans to exclude more than half of the $7.6 billion debt owed by the struggling national airline to help burnish its appeal as PM Narendra Modi presses ahead with a sale, people with knowledge of the matter said. The government proposes to transfer all of Air India Ltd.’s non-aviation assets and short-term loans of as much as $4.7 ...

Bloomberg American Airlines Group Inc. and its pilots union reached an agreement that will allow the carrier to avoid cancelling flights during the holiday travel season after it allowed too many aviators to take vacation by mistake. The carrier and the Allied Pilots Association didn’t immediately disclose details of their pact but said it should ensure that American, the world’s ...

Bloomberg One of the first Mexican retailers to sell online is quickly falling behind newer arrivals, and it may be too late to catch up, according to Credit Suisse. El Puerto de Liverpool, which conducted its first e-commerce transaction in 1997, is spending just a fraction of the amount as Amazon.com Inc., MercadoLibre Inc. and Wal-Mart de Mexico SAB on ...

Dubai / WAM The combined value of the 11,755 active construction projects in the UAE has exceeded $818.2 billion (around AED3 trillion) in November 2017, according to latest UAE Construction Analytics report issued by BNC Network, the largest and most comprehensive project research and intelligence provider in the Middle East and North Africa (MENA) region. This makes the UAE, which ...

DUBAI / WAM Chemical industry in Arabian Gulf countries registered $77 billion in revenues in 2016, three percent less than the previous year due to fluctuation in international oil prices, an official said. Kuwait News Agency (KUNA), quoted Dr Abdulwahab Al-Sadoun, Secretary General of the Gulf Petrochemicals and Chemicals Association, as saying chemical industries in the GCC contributed around $43.8 ...

WASHINGTON / WAM US companies were the big winners at the 2017 Dubai Airshow as UAE customers placed more than $44 billion in new orders for commercial aircraft and defence- related equipment and services, according to a statement posted on the website of the UAE Embassy in Washington. “US companies remain the preferred supplier for UAE commercial and military aviation ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, decorated forty-six Emirati philanthropists, led by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, as part of the UAE Pioneers Award, highlighting the remarkable ...