#Europe

Bahrain Gulf Air

Bahrain’s Gulf Air begins services to Milan

The inaugural flight left Bahrain International Airport on June 1

Etihad seasonal routes

Abu Dhabi’s Etihad launches five seasonal routes for summer

Three seasonal services took off on the morning of June 15

Combustion

Europe moves closer to cutting off its lifeblood combustion engine

Members of Parliament voted in favour of mandating that carmakers eliminate emissions from the cars they sell from 2035 onward

Middle East IPOs

Middle East IPOs on track for best ever first half as oil surges

IPOs in the Middle East have fetched $11.4bn in the first five months of the year

Dubai

Dubai welcomes 3.97 million overnight visitors in Q1 2022

In the first three months of 2022, hotels across Dubai achieved average occupancy levels of 82 per cent

Oil extends decline as Europe softens some Russian sanctions

West Texas Intermediate futures fell below $103 a barrel in early Asian trading

DP World sees gross volume growth of 1.9% in Q1 2022

Gross container volumes increased by 1.7 per cent y-o-y on a reported basis, with Asia Pacific, Middle East, Europe and Americas driving volume growth

Oil extends advance above $100 as Ukraine crisis continues

US crude output will grow at a slower pace than previously expected

Bitcoin mining giants eye Middle East, Europe for expansion

Bitcoin miners had been flocking to Texas for its low electricity prices and liberal regulations on crypto mining

Here’s how advancements in robotics are driving micro-mobility innovation

Micro-mobility is playing a significant role in decarbonising transportation across the world, says Amir Melad, GM-Middle East at Tier Mobility

Oil set for $150 on supply shock, says veteran trader Doug King

Supply losses are likely to dwarf any demand destruction

International Fund for Agricultural Development

Investcorp’s investments into European real estate portfolio climbs to EUR1.1bn

The investments were spread across 80 properties in the UK, Germany, the Netherlands, Italy and Belgium

Oil soars past $100 as Russia attacks targets across Ukraine

OPEC+ meets on March 2 to decide on output for April

Brent oil hits $100 a barrel for the first time since 2014

Russia is a key supplier of energy to global customers

Dubai-based food technology platform Kitch-In expands into Europe

Kitch-In and Johnny’s Burger Co. will roll out virtual restaurant brands across 45 kitchens in the Netherlands and Belgium

Oil extends drop as investors assess reserve release, Covid wave

Oil rallied to the highest level since 2014 in October but has faltered over the past month

Airbus wins 28-plane A320neo order from Kuwait’s Jazeera Airways

Jazeera already operates an all-Airbus fleet of original-generation A320s and eight A320neos

Investcorp

Bahrain’s Investcorp builds EUR1bn European real estate portfolio

It recently acquired ten UK industrial assets for a combined purchase price of GBP56.7m

Oil trades near $80 as global power crisis set to boost demand

Crude has gained more than 60 per cent this year as the roll-out of Covid-19 vaccines lifted movement curbs and, subsequently, oil demand

flydubai Dubai Ljubljana

Flydubai becomes first UAE carrier to fly direct to Ljubljana in Slovenia

The airline will now operate flights to 20 destinations across 17 countries in 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