#Europe

Dubai’s Emirates to reinstate flights to Newcastle, boost services across Europe

By the end of October, the airline will offer 77 weekly flights to the UK

MERGER & ACQUISITION

Dubai’s Swvl to enter Europe, APAC and LATAM via Shotl acquisition

Localised mass transport focus enables Swvl to capitalise on trends in electrification and autonomous driving

Brent oil gains with stocks after worst losing streak since 2018

Asia is set to send excess diesel supplies to Europe and possibly to the US as the delta variant dents demand

HSBC pays dividend after quarterly profit beats estimates

The improved credit outlook prompted the bank to pay an interim dividend of 7 cents a share

Abu Dhabi adds five new European countries to its ‘green list’

Cuba and Kyrgyzstan have been removed from the list, effective from June 24

Brent oil edges above $75 as investors assess tightening market

Brent oil has rallied more than 40 per cent this year as a strong rebound from the pandemic in the US, China and Europe underpins increasing fuel consumption

Global power grids pushed to breaking point

The extreme weather highlights the real world impact of climate change

Oil rallies to 32-month high as rising demand emboldens bulls

The US benchmark is on course for a fifth quarterly advance, which would be the best run since 2010

Global food costs surge to decade high as drought parches crops

A United Nations gauge of world food costs climbed for a 12th straight month in May

Climate change responsible for 37% of heat-related deaths – study

The paper shows that the level of warming varies across the globe

Oil steady near highest since 2018 with Saudis upbeat on demand

Oil is up 40 per cent this year as the recovery from the pandemic in the US, China and parts of Europe boosts the outlook for fuel consumption

Oil steady near $65 as investors weigh near-term demand outlook

Oil has managed to break out from a tight range near $60 a barrel and resume its upward momentum

Dubai’s Aramex appoints Othman Aljeda as CEO

Aljeda replaces Bashar Obeid who submitted his resignation to the board on April 29

Citigroup to exit retail banking in 13 markets, including Bahrain

The move is part of an ongoing review of the company’s strategy by its chief executive officer

Your instant coffee may soon be at risk from Suez blockage

About 12 per cent of global trade goes through the Suez

Sheikh Nawaf

Kuwait’s Emir travels to Europe after medical check-ups in the US

Sheikh Nawaf Al-Ahmad Al-Sabah travelled to the US on March 4

UAE aviation regulator clears Boeing 737 Max to fly again

Local airlines must first provide a plan for bringing the plane back safely

Brent oil rises toward $64 with power crisis hitting US supply

The combination of frigid temperatures and refinery closures has spurred a scramble for fuels

Flydubai Dubai Europe

Flydubai adds four new flights to Europe; first UAE carrier to begin direct service between Dubai-Salzburg

Flydubai will have expanded the number of destinations it flies to from Dubai to over 65, of which 20 are located in Europe

Qatar wealth fund plans Asia push to diversify from Europe, US

The wealth fund holds stakes in some of the world’s top companies

Covid-19 impact: How the pandemic wreaked havoc on airlines in 2020

Even with a vaccine that may bring back air travel around the corner, carriers face a desperate few months

Saudis raise crude price to Asia as vaccines buoy oil market

Aramco also increased pricing for light crude grades to the Mediterranean region

Global bank job cuts reach five-year high

The total number of positions that have been eliminated has reached 85,540 globally

Dubai’s Emirates to resume flights to 5 more cities

The carrier’s global network will grow to 99 destinations

HSBC shares fall to 25-year low on China fears, banks report

Europe’s largest bank has been named as a possible candidate for China’s “unreliable entity list”

Dubai’s Emirates to resume flights to Stockholm from August 1

The airline’s passenger network will broaden to 63 destinations in August

Dubai’s Emirates to resume flights to four more cities

The carrier’s passenger network will grow to 62 destinations in August

Visa commits $210m to support small and micro businesses, offer Covid-19 relief

Small and micro businesses make up more than 90 per cent of worldwide businesses, contributing 50 to 60 per cent of global employment

Saudi mulls granting visa-free access to visitors from certain nations

Last week, Saudi Arabia’s cabinet approved electronic visas for foreign visitors to attend sporting events and concerts

The End Of The GCC Monetary Union?

The idea of a joint GCC currency now looks even more distant, writes Mark McFarland, chief investment strategist, Emirates NBD Private Banking.