Monday 25 September 2017
 
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reduction

Alitalia to cut 2,000 jobs

Alitalia 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

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Alba kick-starts reduction lines upgrade

Aluminium 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

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Historic aviation carbon agreement moves a step closer

The 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

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DI sees big success in carbon footprint reduction

Dubai 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

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DI sees big success in carbon footprint reduction

Dubai 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

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BisB approves capital reduction plan

Bahrain 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

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Jazeera shareholders approve voluntary capital reduction

Shareholders 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.

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Zain Saudi proposes capital reduction to shareholders

Zain 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

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Port operators join hands to combat global warming

DP 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.

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QInvest revenue up 40pc

QInvest, 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

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