July 23, 2016
Kenya Airways narrowed its pretax loss by 12.2% to 26.1bn shillings ($257m) in the year to end-March, it said on Thursday.
The carrier, which is part-owned by Air France KLM, has been reducing its fleet, selling land and cutting jobs to recover from losses caused by a slump in tourism and the cost of renewing its fleet.
Finance director Dick Murianki said the airline,"...Continue Reading >
July 15, 2016
Sealed Air Corporation (NYSE:SEE) announced today that it has acquired Tampereen Teollsuussähkö Oy (TTS-Ciptec), a company that optimizes Cleaning in Place systems through remote monitoring capabilities and predictive analytics services for industrial use in brewing, beverage and dairy companies.
“TTS-Ciptec’s unique approach and complementary technology in patented sensing and algorithms bolsters our"......Continue Reading >
July 14, 2016
Mashreq acted as the exclusive book runner and coordinator for the facility, while Arab Bank plc was the joint lead arranger under the facility.
The Arabtec-TAV JV received the award worth BHD 382.9 Million (AED 3,750 Million) for this strategic project in March 2016, making it the largest construction project won by a joint venture involving a Turkish company in Bahrain."...Continue Reading >
July 14, 2016
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July 14, 2016
Hasbro, Inc. (NASDAQ: HAS) today announced that it has acquired Boulder Media, a multi-award winning Irish animation company based in Dublin. Boulder has produced a variety of award-winning series for Cartoon Network, Nickelodeon, Disney and BBC. As a wholly-owned subsidiary, Boulder will continue"...Continue Reading >
July 11, 2016
Dimension Data, the global ICT organisation processing and analysing the data coming from the next-generation tracking devices under the Tour de France rider’s saddles has released a summary of the data the company processed and analysed for the first nine stages.
In the first nine stages, Dimension Data’s technical team in the mobile big data truck travelling"...Continue Reading >
July 5, 2016
The Algerian government says it will establish a helicopter production plant with a foreign partner primarily for the export market.
Addressing a recent meeting during a tour of Tizi-Ouzou, Algerian Prime Minister Abdelmalek Sellal said the plant will be co-funded by an unnamed foreign partner and two state-owned investment companies.
"The National Investment Council (NIC) and the Council of State holdings (CPE) have agreed to create a high-end helicopter manufacturing plant and much of these will be for the export market. We have to seek growth elsewhere in the real economic...
June 26, 2016
Travelers between Jijel and Marseille are satisfied. Air Algeria has finally reopened airline serving these two cities in the Mediterranean and whose traffic is known to be quite dense.
Direct services between Jijel and Marseille (France) have, in fact, taken the day before yesterday with the landing at the tarmac of the airport"...Continue Reading >
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