Two of world’s most popular airlines, Etihad and Emirates, are based in United Arab Emirates (UAE). While Emirates reached new peaks in 2019, Etihad shared a very different fate and incurred $870 million in losses. The information was revealed by a local media outlet which confirmed the numbers after talking to an Etihad Airlines official.…
The United Arab Emirates (UAE) is expected to witness a huge increase in its potential tourists, by three million, due to the Expo 2020 happening in Dubai. Researchers claim that India, Saudi Arabia, Philippines, United Kingdom, and Pakistan are all amongst countries which are expected to bring about this tourism boost from October. According to…
Emirates SkyCargo has officially announced Abdulla Akhlallafi as its new cargo manager in India. The press released stated: Alkhallafi will be based out of Delhi and will be overseeing all commercial and operational aspects of Emirates SkyCargo in one of the air cargo carrier’s most important markets globally. He will be taking over from Keki…
The Abu Dhabi government is seeking a $2 billion in loan and has been in contact with several banks. This move has been in line to allow the oil-rich emirate to “tap new liquidity pools in an era of low oil prices.” United Arab Emirates (UAE) capital, Abu Dhabi, gathered $10 billion for budgetary purposes…
The United Arab Emirates (UAE) based company called Finablr, which is a payments and foreign exchange holding firm, has officially expanded its operations in Saudi Arabia. It is worth mentioning that the company was listed on London Stock Exchange last year, which also helped the company gain reputation as a valuable brand. According to the…
According to the Global Islamic Economy Indicator, the total volume of investment opportunities in the UAE’s Islamic economy set to reach Dh85 million. Abdullah Al Maeeni, who is the director-general of the Emirates Authority for Standardisation and Metrology (ESMA), informed that the Islamic spending on food and beverages has seen a steady growth. He further…