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Alitalia to cut 2,000 jobsAlitalia CEO Cramer Ball has confirmed that up to 2,000 jobs will be cut, which is a 50 per cent reduction in office staff and a 20 per cent reduction in non-flying operational roles, said a report. "Headcount reductions are More… |
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Alba kick-starts reduction lines upgradeAluminium Bahrain (Alba), an international aluminium smelter, has kick-started an upgrade project aimed to increase the amperage of Reduction Lines 4 & 5. The project that involves new pot lining design and installation which More… |
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Historic aviation carbon agreement moves a step closerThe International Air Transport Association (Iata) has expressed optimism for an agreement on a Carbon Offset and Reduction Scheme for International Aviation (Corsia) when governments meet for the 39th Assembly of the International Civil Aviatio More… |
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DI sees big success in carbon footprint reductionDubai Investments, a leading, diversified investment conglomerate listed on the Dubai Financial Market, said it has significantly reduced its carbon footprint at the group level as well as subsidiaries, through a wide array of eco-friendly initi More… |
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DI sees big success in carbon footprint reductionDubai Investments, a leading, diversified investment conglomerate listed on the Dubai Financial Market, said it has significantly reduced its carbon footprint at the group level as well as subsidiaries, through a wide array of eco-friendly initi More… |
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BisB approves capital reduction planBahrain Islamic Bank (BisB) shareholders has approved reduction in the bank’s issued and paid-up capital to write off accumulated losses. The extraordinary general meeting at the bank’s headquarters in Al Salam Tower, Diplomatic Ar More… |
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Jazeera shareholders approve voluntary capital reductionShareholders of Kuwait's Jazeera Airways have approved a board recommendation to reduce the company’s capital from KD42 million ($138.8 million) to KD20 million ($66 million), following its exit from the aircraft leasing business. More… |
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Zain Saudi proposes capital reduction to shareholdersZain Saudi, a Saudi Arabian telecommunication operator, has proposed a capital reduction to shareholders to eliminate all accumulated losses up to September 30, the company said in a statement on the kingdom's bourse. The move More… |
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Port operators join hands to combat global warmingDP World and Hutchison Port Holding (HPH) have joined hands to combat global warming in a ‘Waste Reduction Campaign,’ that seeks to will multiply the effect of their individual efforts to curb global greenhouse emissions. More… |
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QInvest revenue up 40pcQInvest, a Qatar-based investment bank and Islamic financial institution, has posted a 40 per cent increase in its revenue last year. It has also recorded a 30 per cent reduction in costs and an increase of $60million in net profi More… |
