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Aircraft recyclers bet on parts boom as airlines ground planes

13 Sep 2020

As COVID-19 grounds swaths of airline fleets, companies that profit off the dismantling and trade of aircraft parts are seeing early signs of an expected rebound in activity as carriers...

Virgin Atlantic plans to cut jobs

06 Sep 2020

Virgin Atlantic announced plans for 1,150 more job cuts due to the coronavirus crisis, saying its 1.2 billion pound ($1.6 billion) rescue deal alone was not enough to secure its...

Euro reaches three-month record peak as ECB ramps up stimulus

04 Jun 2020

The euro rallied to a three-month high and Italy’s borrowing costs tumbled on Thursday, after the European Central Bank ramped up stimulus to shore up an economy ravaged by the...

Jaleel Holdings shifts its corp HQs

15 Dec 2019

Business Bureau, Gulf Today Jaleel Holdings, the UAE-based leading investment company, which operates the region’s largest FMCG wholesaler Jaleel Cash & Carry, has moved its corporate headquarters from Central...

Thyssenkrupp unit to cut costs

11 Dec 2019

Thyssenkrupp’s elevator unit, which has been put up for sale by the ailing conglomerate, aims to improve its profitability through cost cuts, more efficient factories and a higher share of...

ADMA, Adnoc Logistics & Services sign MoU on cadetship of Emiratis

19 Oct 2019

Business Bureau, Gulf Today The Abu Dhabi Maritime Academy (ADMA), an Abu Dhabi Ports company, has signed a Memorandum of Understanding (MoU) with Abu Dhabi National Oil Company’s marine...

DIFC records rise in Islamic assets

16 Oct 2019

DUBAI: Dubai International Financial Centre (DIFC), has marked a significant rise in Islamic assets being managed in the Centre, recording a 45 per cent growth between Q2 2018 and Q2...

HVAC industry meets in Dubai to plan path to sustainability

04 Sep 2019

Business Bureau, Gulf Today DUBAI: Over 300 professionals from the Middle East’s HVAC industry have gathered in Dubai on Wednesday to plan out the sector’s path to sustainability with global...

Auto companies continue to halt production to tackle slowdown

30 Aug 2019

With India’s auto sales declining for the ninth straight month in July, more automotive manufacturers are laying off workers and temporarily halting production to keep costs in check, according to...

UAE-UK trade up by 7.4% to Dhs25 billion in first half

22 Aug 2019

Abeer Abu Shammaleh, Staff Reporter The total trade between the UAE and the UK grew by around 7.4 per cent to Dhs24.45 billion (£5.49 billion) in the first half...

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