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Ryanair union representative Didier Lebbe holds a joint news conference with other European union representatives in Brussels, Belgium. on Thursday. – Reuters
Ryanair cabin crew in 5 countries to strike Sept 28: union
BRUSSELS — Ryanair cabin crew members from five European countries will go on strike on Sept. 28, threatening hundreds of flights, a Belgian union said on Thursday. Staff from Belgium, the Netherlands, Italy, Spain and Portugal will stage a stoppage on the Irish no-frills airline, the CNE said, after several European labour unions met in Brussels. "Unfortunately, discussions continue without results," CNE delegate Yves Lambot told AFP at the meeting, describing negotiations with Ryanair management. Ryanair workers — pilots, ground staff and cabin crew — are demanding improved working conditions and want their contracts to be based on the law in their country of residence rather than Ireland. "They have promised to change our contracts into national contracts by...
September 13, 2018

Ryanair cabin crew in 5 countries to strike Sept 28: union

Britain's ex-Prime Minister Gordon Brown appears on the Marr Show on BBC television in London, Britain, in this file photo. — Reuters
World is sleepwalking towards another financial crisis, former UK PM Brown warns
LONDON — Former British Prime Minister Gordon Brown warned that the world is on the verge of sleepwalking into another financial crisis because governments have failed to tackle the causes of the last major financial crash a decade ago. Britain's leader when the collapse of the US investment bank Lehman Brothers triggered the worst financial crisis since the Great Depression said the world is leaderless and was now entering a period of vulnerability. "We are in danger of sleepwalking into a future crisis," Brown, 67, told The Guardian. "There is going to have to be a severe awakening to the escalation of risks, but we are in a leaderless world." Brown said the global economy had failed to introduce an early warning system and a way of monitoring financial flows...
September 13, 2018

World is sleepwalking towards another financial crisis, former UK PM Brown warns

Uber drivers in Denmark must pay fine for every ride, supreme court rules
COPENHAGEN — The Danish supreme court on Thursday ratified fines given to four Uber drivers for operating illegally, paving the way for similar fines on a further 1,500 drivers. The four taxi drivers, one of whom was fined 486,500 Danish crowns ($78,060), were charged with failing to have permits and for violating a law introduced to combat Uber which imposed extra rules on taxis operating in Denmark. After launching its service in Denmark in 2014, Uber Technologies Inc was criticized by taxi driver unions, companies and politicians who said the company posed unfair competition by not meeting legal standards required for established taxi firms. "We are very disappointed for the drivers involved and our top priority is to support them during this difficult time," an Uber...
September 13, 2018

Uber drivers in Denmark must pay fine for every ride, supreme court rules

Walid Majdalani
Leejam Sports listed on Tadawul
MANAMA — Investcorp, a global provider and manager of alternative investment products, announced the successful listing of portfolio company, Leejam Sports Company on the Saudi Stock Exchange (Tadawul) last Sept. 10, 2018. Leejam marks Investcorp’s second Saudi portfolio company to successfully list on the Tadawul, the first fitness chain to list in the region, and the first company to list on the Saudi exchange so far this year.Leejam is considered the largest fitness center operator in Saudi Arabia and the MENA region, and was ranked the 17th largest company globally by the International Health, Racquet & Sports Club Association (IHRSA) in its 2017 “Global 25” list in terms of number of fully owned fitness centers. As of 31 December 2017, the company owned and operated over 112...
September 12, 2018

Leejam Sports listed on Tadawul

Abdullah Jum'ah - Council Co-Chairman
US-Saudi forum to study role of SMEs in boosting bilateral trade
RIYADH — The US-Saudi Arabian Business Council, in collaboration with leading Strategic Partners Saudi Aramco and SABIC, as well as sponsor Raytheon, has announced the launch of the US-Saudi SME Forum: Accelerating Growth and International Partnerships.Collaborative organizations of the Forum also include the Small and Medium Enterprises General Authority (Monsha’at), U. Small Business Administration, US Commercial Service, and Saudi Arabian Airlines.Taking place from Oct. 1-2, at the JW Marriott Los Angeles L.A. LIVE in California, the SME Forum will offer a high level perspective on the roles of SMEs in boosting bilateral trade, sharing of know-how, and co-innovating solutions to benefit the US and Saudi markets.Former CEO of Saudi Aramco and Council Co-Chairman Abdallah Jum’ah,...
September 12, 2018

US-Saudi forum to study role of SMEs in boosting bilateral trade

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Saudia Cargo launches 2 new terminal projects
Saudi GazetteJEDDAH — Saudia Cargo celebrated the launch of its new terminals project for King Abdulaziz International Airport in Jeddah, and King Khaled International Airport in Riyadh on Monday under the patronage of Dr. Nabil Al-Amoudi, Minister of Transport.The two massive projects will become distinguished achievements for Saudia Cargo's 2020 transformation strategy.These projects will be done in several phases, the last phase will be fully completed by January 2022.After this accomplishment, Saudia Cargo will double their current cargo facilities and improve their capabilities in supporting Saudi Vision 2030 that aims to establish Saudi Arabia as a global logistics hub.The launching ceremony was attended by Dr. Nabil Al-Amoudi, Abdulhakim Al-Tamimi, President of GACA, alongside...
September 12, 2018

Saudia Cargo launches 2 new terminal projects

Local media face extinction as digital technologies sink in
NEW YORK – Nearly 60% of respondents worldwide believe that local media must adapt to the changing environment or face extinction, Ogilvy said Wednesday announcing its findings of the second half of the 2018 Global Media Influence survey.The survey found that similar to global media outlets, local journalism has been significantly disrupted by the advent of new digital technologies and behaviors.Consumers have more options than ever before, and whether news is happening next door or across the continent, consumers can be informed with the same ease of access. By leaning in on local news and sharing unique, niche content that cannot be found anywhere else, Ogilvy’s survey found that local media can continue to play a significant role in reporting the news agenda.“Today, we are living...
September 12, 2018

Local media face extinction as digital technologies sink in

GE unveils world’s first 6B repowering gas turbine solution
JEDDAH — GE’s Power Services business is celebrating the 40th anniversary of its 6B gas turbine fleet by launching the world’s first 6B repowering solution. GE also announced it has signed its first agreement for the solution with a global chemical company to repower three 6B gas turbines and save significant amounts of fuel each year at its site in Asia. Today’s announcements mark another example of GE’s continued commitment to investing in its mature fleets to keep them competitive.“We’re excited to mark our 40th anniversary of the 6B fleet and unveil our new repowering solution,” said Scott Strazik, president & CEO of GE’s Power Services business. “This fleet is known for its dependability—a reputation earned with global fleet reliability of 98.4 percent, which is...
September 12, 2018

GE unveils world’s first 6B repowering gas turbine solution

DRL event in Munich
Swatch official partner of Drone Racing League
FROM zero to 120 km/h in under a second, sharp three-dimensional curves, spectacular crashes without any injuries and always surprising finishes: the trendy sport of drone racing combines a number of aspects that no other racing sport has managed to achieve to date. Already in its second year as official partner of the global, professional drone racing circuit, “The Drone Racing League” (DRL), Swatch is fully committed to this futuristic sport."Swatch has always supported niche sports and paved the way to popularity for disciplines like freestyle skiing, BMX and skateboarding," said Gonzalo de Cevallos, Vice President, Swatch. "Drone racing combines the real and the virtual world like no other sport. Like all the disciplines we support, this e-sport is a way to develop...
September 12, 2018

Swatch official partner of Drone Racing League

Saleem Hammad
SOUQ launches ‘Amazon Global Store’ in Kingdom
SOUQ, a leading online retail and marketplace website in the Arab region, on Tuesday announced the launch of ‘Amazon Global Store’, which offers customers in the Kingdom of Saudi Arabia (KSA) the ability to shop for over one million products from Amazon in the United States. On Amazon Global Store, customers can now enjoy a wide selection from categories such as apparel, handbags, shoes, watches, kitchen, home goods, and many more from popular loved brands. The dedicated Amazon Global storefront is available on both SOUQ website and mobile app.“We are excited about making over one million popular products from Amazon available on SOUQ.com to customers. This brings global selection closer to our customers in the region, and we will continue to grow this further,” said Saleem Hammad,...
September 12, 2018

SOUQ launches ‘Amazon Global Store’ in Kingdom

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