SCC ‘forges inspirational young leaders’

  Sharjah / Emirates Business Sharjah Children Centres’ (SCC) philosophy of forging dynamic young leaders was evident when SCC member Namaa Ismael Alzarooni, launched ‘Let’s Read Together’ during the second meeting of the 14th session of the Sharjah Children Council. The latest literary initiative from the organisation aims to instill a lasting love of reading in children and to promote ...

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MOHAP holds workshop on ‘database of patient records’

  Abu Dhabi / Emirates Business The Ministry of Health and Prevention (MOHAP) successfully hosted a workshop covering the study of creating an improved unified national database of patient records in the UAE. The event, which was organized in coordination with the Abu Dhabi Health Authority (ADHA), the Dubai Health Authority (DHA), the Emirates Identity Authority (EIDA), Medical Services of ...

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Winter Festival enthrall visitors with amazing shows

  Sharjah / Emirates Business The Winter Festival continued to enthrall visitors flocking to Al Majaz Waterfront, Sharjah’s popular leisure and tourist destination. Touring bands and street performers traversed the waterfront’s walkways, presenting a series of interactive entertainment shows, attracting a big turnout of visitors of all ages. Guests enjoyed a performance by Mime Duets artists who conquered the ice ...

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With $75mn US fund, low-cost carrier eyes Argentina market

  Bloomberg The serial airline entrepreneur trying to launch Argentina’s first low-cost carrier is betting the government will deregulate the industry enough to make his venture viable. And if it doesn’t, he’s got a back-up plan. Julian Cook, 43, chief executive officer of Flybondi, said he’s been told by Tourism Minister Gustavo Santos that price floors for airlines will be ...

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Ikea in $50 million settlement over deadly dressers

  New York / AFP Ikea will pay $50 million to settle with the families of three small children in the US who were killed by dressers that tipped over, attorneys representing the families said. Attorneys from Feldman Shepherd announced the settlement after a two-day mediiation overseen by a federal magistrate judge. The three families will share the $50 million, ...

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BA cabin crew suspend Christmas strike

  Washington / AFP British Airways (BA) cabin crew have suspended a two-day strike planned over Christmas, labour union Unite announced after securing a new deal with the airline. Almost 2,000 British Airways cabin crew, or more than one in seven, were due to walk out on Christmas Day and December 26 (Boxing Day) in a dispute over pay. Talks ...

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New uniforms make American flight attendants ‘sick’

  Bloomberg American Airlines flight attendants filed a grievance with the carrier over new uniforms they say have caused headaches, skin irritation and other health problems since being introduced in September. The airline should either stop issuing the clothing or allow workers to wear their previous outfits, Bob Ross, president of the Association of Professional Flight Attendants, said in a ...

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Banks in focus as world stocks drift into Xmas break

  New York / AFP European stocks and Wall Street traded nearly flat in a quiet session before Christmas, with banks topping the agenda after huge US fines and a bailout in Italy. London closed marginally higher in a half-day session, as upwardly revised data showed the British economy grew 0.6 percent in the third quarter despite Brexit jitters. In ...

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Paschi’s fatal sin brings nationalization for oldest bank

  Bloomberg The silence was deafening. On the afternoon of December 9, Marco Morelli, chief executive officer of Banca Monte dei Paschi di Siena SpA, was preparing for a board meeting in the lender’s Belle Epoque-era offices in Milan when the news hit: the European Central Bank had rejected his bid for more time to raise the 5 billion euros ...

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USA sues Barclays for fraud over crisis-era mortgage securities

  Washington / AFP The US Justice Department sued the British financial giant Barclays, accusing the bank of massive fraud in the sale of mortgage-backed securities which contributed to the global financial crisis of 2008. Barclays was one of several major banks implicated in the crisis, along with Deutsche Bank, Royal Bank of Scotland and Credit Suisse, that so far ...

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