Latest news with #RAM
Morocco World
3 hours ago
- Morocco World
RAM Cancels Morocco-France Flights Due to Air Traffic Controller Strike
Rabat — Royal Air Maroc (RAM) announced today that it will cancel several flights to and from France scheduled for Thursday, July 3, due to an air traffic controllers' strike. The Moroccan airline said French air traffic controllers plan to strike on July 3, 2025, forcing the company to cancel some flights between Morocco and France that day. RAM said it will help affected passengers by rebooking them on other flights, noting it will send email and text message confirmations to passengers whose contact details are current in their booking records. The company urges all passengers to check their flight status and update their contact information through the 'Manage My Booking' section on RAM's website . Passengers with tickets for canceled flights who don't want to take replacement flights have two options, the company noted. The first option is to reschedule for free within 15 days of their original flight date, subject to availability in the same travel class and with identical departure and destination points. The airline will maintain the original trip duration. Alternatively, passengers can request a full refund using their original payment method. The airline advises passengers whose flights were canceled and who haven't received a rebooking confirmation not to go to the airport but should contact their original point of sale or the RAM call center to confirm their new reservation or choose from the available options.
Campaign ME
5 hours ago
- Entertainment
- Campaign ME
Private View by AKQA Dubai's Richa Rai
Campaign Middle East features a Private View section with a range of insights and viewpoints from industry experts, revealing the intricate world of marketing and advertising campaigns. This review of our 'Works' from May is by Richa Rai, Account Director, AKQA Dubai. talabat x Kitopi: See, Eat, Repeat! Kitopi's shift from a back-end cloud kitchen to a consumer-facing brand was done with clarity and simplicity. The 'See, Eat, Repeat' message was catchy and consistent, especially across OOH and influencer content. It made the offering easy to grasp and remember. One thing that could've added more value would be integrating QR codes or clearer digital extensions to bridge awareness with action. MG Egypt: Well Known, Even If Not Owned This campaign tapped into a culturally relevant insight – Egyptians love discussing cars, whether they own them or not. MG used that idea cleverly to build warmth and relatability. The humour felt organic, and the subtle product placement didn't interrupt the storytelling. A clearer next step, like encouraging test drives, could have helped tie emotional engagement with tangible outcomes. Boutiqaat: Ya Hala Campaign This one leaned fully into bold, local humour, and it worked. The over-the-top execution made it easy to share and perfectly suited platforms such as TikTok and Instagram. It felt fun and intentionally unpolished. That said, the raffle mechanism and brand presence could've been brought to the forefront a bit more, so viewers connected the fun with a clear takeaway or action. RAM: RHO Airlines – The Shortest Flight RAM's approach was theatrical and unexpected, turning a product demo into a full-on desert stunt. The visual production and airport setup created buzz without feeling out of place. The use of influencers felt integrated, not forced. The campaign did well to anchor the showmanship in product performance. McDonald's Saudi: Menuless Stripping menus from stores sounds risky, but it worked in McDonald's favour by driving curiosity and footfall. It made people pause, think, and rediscover their favourites – a nice twist on everyday behaviour. I would've loved to see some more layered storytelling to deepen impact. Amplification beyond store walls could've helped sustain the momentum beyond the initial surprise. By Richa Rai, Account Director, AKQA Dubai.
Borneo Post
a day ago
- Business
- Borneo Post
Sabah Development Bank's losses drop significantly
— Photo from Sabah Development Bank website KOTA KINABALU (July 1): Sabah Development Bank Berhad (SDB) on Tuesday announced a significantly reduced pretax loss of RM86 million (net loss of RM82 million) for the financial year ended 2024. This marks a notable improvement from the substantial pretax loss of RM878 million (net loss of RM684 million) recorded in the previous year, primarily due to extensive provisions for Non-Performing Loans (NPLs) and diminished asset values accumulated over the past years. SDB expects to report a modest profit in FY2025. This progress reflects positive momentum in SDB's ongoing 3-Year Transformation Journey, which commenced in the second half of 2023 under a new board and management. Following a rigorous restructuring exercise, the Bank's total capital ratio had dropped to 7.9% by end 2023. However, as of end-2024, the capital ratio has rebounded to a strong 20.71%, backed by strong support from the Sabah State Government. On 4 June 2025, RAM Rating Services Berhad (RAM) affirmed SDB's debt instrument ratings at AA1/Stable/P1. The AA1 rating indicates a high safety for payment of financial obligations, while the 'Stable' outlook reflects RAM's expectations that the long-term rating will be unchanged over the intermediate term. The Bank's Commercial Papers were also affirmed at P1, the highest short-term rating assigned by RAM, reflecting high safety for payment of short-term obligations. In alignment with its mandate from the State Government, SDB is now focused on financing development projects in Sabah, predominantly in the infrastructure, power and water sectors. The State has positioned SDB as the lead lender for local-content in major investment projects, reinforcing its pivotal role in driving Sabah's economic growth. Between January 2024 to June 2025, SDB approved RM1.763 billion loan applications within its developmental mandate. During the same period, the Bank turned down RM9.646 billion in loan applications that either fell outside its mandate or did not meet its enhanced credit standards. Since the setup of an independent professional recovery team in September 2023, notable progress has been made in addressing the NPLs. The Bank's Board has approved RM965 million in settlement proposals. This is in addition to RM2 billion in pledged securities currently placed under receivership.
New Straits Times
a day ago
- Business
- New Straits Times
Sabah Bank's net loss narrows to RM82mil in 2024, from RM684mil in 2023
KUALA LUMPUR: Sabah Development Bank Bhd significantly narrowed its net loss to RM82 million for the financial year ended 2024, from RM684 million net loss in FY2023. The 2023 losses were primarily due to extensive provisions for non-performing loans (NPLs) and diminished asset values accumulated over the past years. Sabah Bank, in a statement today, said it expects to report a modest profit in FY2025. "This progress reflects positive momentum in Sabah Bank's ongoing three-year transformation journey, which commenced in the second half of 2023 under a new board and management," it said. "Following a rigorous restructuring exercise, the bank's total capital ratio had dropped to 7.9 per cent by end 2023. However, as of end-2024, the capital ratio has rebounded to a strong 20.71 per cent, backed by strong support from the Sabah state government," it added. On June 4, RAM Rating Services Bhd (RAM) affirmed Sabah Bank's debt instrument ratings at AA1/Stable/P1. The AA1 rating indicates a high safety for payment of financial obligations, while the "Stable" outlook reflects RAM's expectations that the long-term rating will be unchanged over the intermediate term. The bank's commercial papers were also affirmed at P1, the highest short-term rating assigned by RAM, reflecting high safety for payment of short-term obligations. In alignment with its mandate from the state government, the bank is now focused on financing development projects in Sabah, predominantly in the infrastructure, power and water sectors. The state has positioned the bank as the lead lender for local-content in major investment projects, reinforcing its pivotal role in driving Sabah's economic growth. Between January 2024 to June 2025, Sabah Bank approved RM1.76 billion loan applications within its developmental mandate. During the same period, the bank turned down RM9.65 billion in loan applications that either fell outside its mandate or did not meet its enhanced credit standards. The bank said since the setup of an independent professional recovery team in September 2023, notable progress has been made in addressing the NPLs. The bank's board has approved RM965 million in settlement proposals. This is in addition to RM2 billion in pledged securities currently placed under receivership.
Morocco World
2 days ago
- Business
- Morocco World
RAM to Launch Direct Flights to Zurich, N'Djamena, Sal Island, Munich in September
Rabat – Royal Air Maroc (RAM) has announced the launch of four new direct international routes from Casablanca starting in September 2025. The new destinations include Zurich (Switzerland), N'Djamena (Chad), Sal Island (Cape Verde), and Munich (Germany), the airline said in a statement on Monday. Starting September 17, RAM will open a new route to Zurich, with two weekly flights on Wednesdays and Sundays. The flight will depart from Casablanca's Mohammed V Airport at 8 a.m. local time, arriving in Zurich at 12:10 p.m. local time. The return flight will leave Zurich at 1:10 p.m. and arrive in Casablanca at 3:25 p.m. On the same day, RAM will also strengthen its African network by launching a new route to N'Djamena, the capital of Chad. Flights will operate twice a week, on Wednesdays and Saturdays. Departure from Casablanca is scheduled for 11:10 p.m., arriving in N'Djamena at 4:35 a.m. the next day. The return flight will leave N'Djamena at 5:35 a.m. and land in Casablanca at 10:55 a.m. Then, on September 18, RAM will begin a new route to Sal Island in Cape Verde, with two flights per week, on Thursdays and Sundays. The flight will depart Casablanca at 11:00 p.m. and arrive at Amílcar Cabral International Airport at 12:45 a.m. the next day. Return flights will be on Fridays and Mondays, leaving Sal at 1:45 a.m. and arriving in Casablanca at 7:05 a.m. Finally, starting October 20, the Moroccan national carrier will launch a direct route to Munich, Germany, also with two flights per week, on Mondays and Fridays. The flight will leave Casablanca at 1:30 p.m. and arrive in Munich at 6 p.m. local time. The return flight will depart Munich at 7 p.m. and land in Casablanca at 9:35 p.m. With these new connections, Royal Air Maroc aims to expand its international network and offer more travel options for passengers and support stronger ties between Morocco and Europe and Africa. In addition to expanding its flight network, Royal Air Maroc is also strengthening its presence in the world of sports through a landmark partnership with the Confederation of African Football (CAF). The airline has been named the 'Official Global Partner' of several major CAF tournaments, including the upcoming AFCON 2025 and Women's AFCON 2024 in Morocco.
