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 has managed to break out from a tight range near $60 a barrel and resume its upward momentum
Aljeda replaces Bashar Obeid who submitted his resignation to the board on April 29
The move is part of an ongoing review of the company’s strategy by its chief executive officer
About 12 per cent of global trade goes through the Suez
Sheikh Nawaf Al-Ahmad Al-Sabah travelled to the US on March 4
Local airlines must first provide a plan for bringing the plane back safely
The combination of frigid temperatures and refinery closures has spurred a scramble for fuels
Flydubai will have expanded the number of destinations it flies to from Dubai to over 65, of which 20 are located in Europe
The wealth fund holds stakes in some of the world’s top companies
Even with a vaccine that may bring back air travel around the corner, carriers face a desperate few months
Aramco also increased pricing for light crude grades to the Mediterranean region
The total number of positions that have been eliminated has reached 85,540 globally
The carrier’s global network will grow to 99 destinations
Europe’s largest bank has been named as a possible candidate for China’s “unreliable entity list”
The airline’s passenger network will broaden to 63 destinations in August
The carrier’s passenger network will grow to 62 destinations in August
Small and micro businesses make up more than 90 per cent of worldwide businesses, contributing 50 to 60 per cent of global employment
Last week, Saudi Arabia’s cabinet approved electronic visas for foreign visitors to attend sporting events and concerts
The idea of a joint GCC currency now looks even more distant, writes Mark McFarland, chief investment strategist, Emirates NBD Private Banking.