A Budget Airline in Europe Declared Bankruptcy
Romanian low-cost airline Blue Air went bankrupt. The Bucharest Tribunal accepted the company’s request on March 21, according to an official announcement on the court’s website, cited by Finance newspaper. Several names are on the list of creditors, including the Romanian Air Traffic Services Administration – ROMATSA, Air Claim, Avram Iancu International Airport in Cluj […]
“Acquire “Airasia” for 1 ringgit and transform into a billion-dollar company by abandoning “Fernandes” strategy”
Key Points Before 2001, Airasia’s debt was as high as 300 million baht, and its equity was negative with almost nothing left. Airasia seeks to expand its customer base through sponsoring football clubs and e-sports events. Airasia Initiates Low-Cost Airline Answering the needs of new generations and easy access As a result, the financial statements […]
“Open Job Positions for Men and Women at the New Riyadh Airlines, Qualifications Required and Application Process Unveiled”
Al-Marsad Newspaper: Riyadh Airlines announced, through its official website (the employment portal), the opening of applications (men/women) to fill more than 30 jobs for high school, diploma, and bachelor’s degrees, in various specializations, in Riyadh, according to the following details: Required Qualifications: – high school. Diploma. – BSC. – Masters. job opportunities: 1- Senior Manager […]
In the week of threatening to raise the interest rate… 4 Gulf stock exchanges in particular, Egypt and the UAE are retreating
And Egypt and the Emirates are retreating Mubasher – Mahmoud Jamal: The Arab financial markets witnessed varying ups and downs at the end of the weekly trading, which coincided with the assertion of US Federal Reserve Chairman Jerome Powell, before Congress, that the Central Bank will likely have to increase interest rates more than expected […]
Al Ansari Financial Services offers 10% of its shares on the Dubai Financial Market
Mubasher: Al-Ansari Financial Services Company, which is based in the UAE, said today, Thursday, that it intends to offer 750 million shares on the Dubai Financial Market through an initial public offering, representing 10% of the value of the company’s issued capital.. The company added, in a statement, that the subscription period for the initial […]
Canadian “Aimco” Asset Management explores investment opportunities in Abu Dhabi
Abu Dhabi – Mubasher: A company is exploring AimcoCanadian Asset Management, investment opportunities and building relationships with the largest sovereign funds in Abu Dhabi and the world. Evan Sidal, CEO of the company, said that investing in the UAE is one of the attractive offers due to the local currency’s peg to the dollar, as […]
3 Bolts Only Import
Jakarta – Chairman of the Indonesia National Air Carrier Association (INACA) Denon Prawiraatmadja said the Ministry of Industry continues to encourage Indonesia to produce its own spare parts. But unfortunately, this step is still hampered by bureaucracy which makes it difficult so that imports must still be carried out. “But until now there are still […]
IT failure: Lufthansa also on the ground in Leipzig and Dresden – the cause is railway construction work | free press
A failure of the IT systems at Lufthansa causes chaos. Check-in and boarding systems are affected. Flights are delayed or cancelled. Thousands of Lufthansa passengers suffered delays and flight cancellations due to an IT failure on Wednesday morning. Among other things, the computer systems for checking in and boarding were affected by the breakdown, as […]
The Abu Dhabi Stock Exchange lost 540 million dollars of its market value by the end of Monday’s trading
Mohamed Shaker – Mubasher: The UAE financial market indices declined at the end of the trading session on Monday, amid fears of continuing to raise interest rates. According to the data of the UAE financial markets, the Dubai and Abu Dhabi stock exchanges attracted a liquidity of 1.960 billion dirhams, distributed over 21,335 transactions. Dubai […]
Employees Mass Strike, This Airline Cancels 1,300 Flights
Jakarta – airline Lufthansa canceled more than 1,300 flights scheduled for Friday. This comes after the Verdi union declared a full-day strike. The strike took place at seven airports in Germany, including Frankfurt, Munich and Hamburg. For information, Lufthansa is one of the largest airlines in Europe. In its statement, Lufthansa stopped its operations in […]