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Flight passengers stand at a service desk of Condor, the German airline subsidiary of British travel giant Thomas Cook, on Monday at the airport in Duesseldorf, western Germany. Condor said it was requesting financial aid from Berlin to help keep it in the air even after its parent company declared bankruptcy. — AFP
Thomas Cook airline Condor keeps flying but seeks govt loan
FRANKFURT AM MAIN — Condor, the German airline subsidiary of British travel giant Thomas Cook, said Monday it was requesting financial aid from Berlin to help keep it in the air even after its parent company declared bankruptcy.Underlining that it had been "profitable for many years," the airline added that "to prevent liquidity bottlenecks at Condor, it has applied for a state-guaranteed bridging loan" which is being examined in Berlin."We're continuing to concentrate on what we do best: flying our guests safely and punctually to their holidays," said managing director Ralf Teckentrup.Thomas Cook's German arm told news agency DPA that around 140,000 German tourists are currently on holiday with the travel group and its subsidiaries.Around 21,000 had...
September 23, 2019

Thomas Cook airline Condor keeps flying but seeks govt loan

Closed Thomas Cook check-in desks are pictured at the South Terminal of London Gatwick Airport in Crawley, south of London on Monday, after the company announced it was taking steps to enter into compulsory liquidation with immediate effect. British travel group Thomas Cook on Monday declared bankruptcy after failing to reach a last-ditch rescue deal, triggering the UK's biggest repatriation since World War II to bring back tens of thousands of stranded passengers. The 178-year-old operator, which had struggled against fierce online competition for some time and which had blamed Brexit uncertainty for a recent drop in bookings, was desperately seeking £200 million ($250 million, 227 million euros) from private investors to avert collapse.— AFP
Thomas Cook collapses with 600,000 tourists stranded abroad
LONDON — British travel firm Thomas Cook collapsed into bankruptcy on Monday, leaving some 600,000 holidaymakers stranded and sparking the UK's biggest repatriation since World War II.The 178-year-old debt-plagued group, which had struggled against fierce online competition for some time and blamed Brexit uncertainty for a recent drop in bookings, failed to secure £200 million ($250 million, 227 million euros) from private investors and collapsed in the early hours.Monday's bankruptcy, which followed a lengthy period of chronic financial turmoil after a disastrous 2007 merger deal, left some 600,000 tourists stranded worldwide according to Thomas Cook, while its 22,000 staff are now out of a job.The British government launched emergency plans to bring some 150,000 UK...
September 23, 2019

Thomas Cook collapses with 600,000 tourists stranded abroad

Almarai and Facebook launch Middle East’s First Branded Instagram AR Filter
Almarai has launched the first Middle East's first ever branded Instagram AR filter for Saudi National Day, Where Fans can try the augmented reality lens directly from Instagram and adorn themselves with colors of the Saudi flag and fun 3D KSA glasses.Instagram opened its platform for brands to launch AR lenses in early August and Almarai has leveraged this opportunity by launching a perfect AR experience for their fans.Social media has brought a significant change in how companies communicate their consumers where Almarai keeps up with this thru its social media accounts, Abdullah Al-Otaibi said, Corporate Communications and Public Relations Manager at Almarai."We are delighted to cooperate with Facebook, as Almarai is always striving to keep up with the latest developments in...
September 22, 2019

Almarai and Facebook launch Middle East’s First Branded Instagram AR Filter

In this file photo taken on July 12, 2019, pedestrians walk past a branch of a Thomas Cook travel agent's shop in London. Thomas Cook's 178-year existence was hanging by a thread on Sunday after the iconic British travel firm struggled to find further private investment and is now relying on an unlikely government bailout. — AFP
UK travel giant Thomas Cook faces collapse
LONDON —Thomas Cook's 178-year existence was hanging by a thread on Sunday after the iconic British travel firm struggled to find further private investment and is now relying on an unlikely government bailout.The operator said Friday that it needed £200 million ($250 million) or else face administration, which could affect 600,000 holidaymakers and require Britain's largest repatriation since World War II.A source close to the negotiations told AFP on Saturday that the company had failed to find the cash from private investors and would collapse unless the government intervened.But ministers are unlikely to step in due to worries about the pioneering operator's longer-term viability, the Times reported on Saturday, leaving it on the brink."We will know by tomorrow...
September 22, 2019

UK travel giant Thomas Cook faces collapse

Maritime Standard Awards finalists for 2019 revealed
DUBAI — A complete list of finalists for the sixth annual The Maritime Standard Awards, which will be held on October 21, 2019 at the Atlantis, the Palm, Dubai, has been officially announced.For the sixth year in a row, Sheikh Ahmed bin Saeed Al Maktoum, President, Dubai Civil Aviation Authority and Chairman and Chief Executive, Emirates Airline and Group has bestowed his royal patronage on The Maritime Standard (TMS) Awards.An expert panel of judges drawn from different industry sectors has been busily assessing and evaluating nominations for a total of 20 different categories, the winners of which will be announced in the evening of October 21. The Editor of The Maritime Standard and Chairman of the Judging Panel, Clive Woodbridge, said “this year we have received top quality entries...
September 22, 2019

Maritime Standard Awards finalists for 2019 revealed

 Infrastructure contracts for Phase 1 of South of Riyadh City worth AED1.53 billion
Modon awards Phase 1 of South of Riyadh City
ABU DHABI — In line with the vision of Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, and following the instructions of Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, to build a modern community that adheres to the highest sustainability standards, Modon Properties (Modon), a development company mandated by the Abu Dhabi government to build vibrant and sustainable communities and develop strategic mixed-use projects in Abu Dhabi, has awarded the infrastructure project of the phase 1 south of Riyadh City. The AED1.53 billion project, which is carried out in cooperation with Abu Dhabi Housing Authority, was awarded to three contractors.The project falls under the strategy of the Abu Dhabi Government to build...
September 22, 2019

Modon awards Phase 1 of South of Riyadh City

Samsung unveils online competition to mark 89th Saudi National Day
JEDDAH — Samsung Electronics extends its best wishes to its valued customers in the Kingdom on the occasion of the 89th Saudi National Day, celebrating this momentous anniversary by engaging with customers and showcasing their latest home appliances and smart phones that enable customers to have a more convenient and distinguished user experience.To create a sense of national pride with the Saudi people, Samsung wishes to celebrate this occasion by inviting its customers to visit the Samsung stores in the Mall of Arabia in Jeddah and Riyadh Park Center in Riyadh to partake in a unique experience. The activity will take place for three days from the 19th until the 21st of September, where customers can enjoy visiting the experiential zones at the stores, for a closer look at Samsung’s...
September 22, 2019

Samsung unveils online competition to mark 89th Saudi National Day

Epson, Eventagrate to present immersive projector technology
RIYADH — Epson has partnered with Evantagrate, interactive experiences creator, to participate in The Saudi Event Show, taking place on September 25-26 in Riyadh. At the Eventagrate stand, visitors can experience multiple interactive installations utilized with Epson’s latest line-up of high-end laser projectors for world-class live entertainment.According to Jeroen Van Beem, Director of Sales, Epson MEA: “The events sector in Saudi Arabia is an important industry that is fast developing in line with Saudi Vision 2030 to contribute to the greater growth of the economy. Events such as The Saudi Event Show brings together decision makers in the industry to experience the advancements in technology for the events sector and understand how it can transform their events, to make it more...
September 22, 2019

Epson, Eventagrate to present immersive projector technology

Saudi construction, infrastructure sector improves activity in Q2 2019
JEDDAH — The latest RICS Middle East Construction and Infrastructure Survey Q2 2019 report showed a mixed sentiment in the construction sector amid subdued private sector activity, with contributors noting headline workloads to be subdued in most of the region.However, this was not the case for respondents in Saudi Arabia who noted workloads had expanded at a robust pace (in net balance terms) over the second quarter.Most markets in the Middle East saw work on infrastructure booming, which can in part be due to government spending. In the past, governments globally have been known to increase their fiscal outlays by using investment infrastructure and other public works projects to cover for weaker economic conditions. Regionally, economies are suffering from both, a slowdown in global...
September 22, 2019

Saudi construction, infrastructure sector improves activity in Q2 2019

MC-YL899N is ideal for large Middle East homes
Panasonic launches tough vacuum cleaner
RIYADH — Panasonic Marketing Middle East and Africa (PMMAF) have introduced their latest tank-type vacuum cleaner, the MC-YL899N, which is ideal for cleaning large Middle Eastern homes.The MC-YL899N, with its uniquely designed 3 mm ditch, protects the body from dents while the large 5 MM thick cylindrical tank can hold 21L of dust. The vacuum cleaner is lightweight and comes with an extendable 2-piece metal wand ensuring you reach every nook and corner.This unique and functional full capture nozzle allows for easy cleaning of edges as well. The front cover is designed to remain closed, and will only slide open when it comes in contact with a wall.Speaking about the features of Panasonic’s latest vacuum cleaner, Mr. Keisuke Nakagawa, Director – Consumer Marketing Division, Panasonic,...
September 22, 2019

Panasonic launches tough vacuum cleaner

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