#Russia

Flydubai to launch daily flights to St Petersburg

Flydubai to launch daily flights to St Petersburg

The carrier has grown its network to 114 destinations

Air Arabia

Air Arabia launches flights to three cities in Russia

Air Arabia operates the Airbus A320 and A321 neo-LR aircraft

UAE President Sheikh Mohamed arrives in Russia, meets Vladimir Putin

The two leaders reviewed a number of regional and international issues, and developments of common concern

powerful passports

These are the world’s most and least powerful passports in 2022

As recently as 2017, Asian countries barely featured among the world’s 10 most-accepted passports

Stocks

Big tech sinks stocks as clock ticks on earnings

All major groups in the S&P 500 retreated with losses in megacaps like Tesla and Apple weighing heavily on trading

Oil powers to sixth monthly gain as EU set to curb Russian flows

Global benchmark Brent topped $122 a barrel, hitting a two-month high

Oil

Oil steadies after four-day surge as US product markets run hot

Oil has rallied by more than 50 per cent this year in extremely volatile trading

Oil extends decline as Europe softens some Russian sanctions

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

Oil edges lower as market tightness eases, pipeline restarts

Oil extends advance above $100 as Ukraine crisis continues

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

Oil retreats as US weighs reserves release to combat inflation

West Texas Intermediate futures slid 5 per cent to trade near $102 a barrel, trimming a monthly advance

OPEC+ still sees no need to change plan despite Ukraine crisis

Brent futures briefly surged to a 13-year peak near $139 a barrel earlier this month

Gold near 19-month high amid Ukraine crisis

Bullion has gained 12 per cent this year

Wheat soars to record, surpassing high during global food crisis

The elevated prices are triggering concerns about growing food insecurity

Ukraine

Ukraine: UAE sends 30 tonnes of emergency medical and relief aid

The aircraft landed in Lublin and the aid was handed over to the Ukrainian authorities in Poland to be further transported to Ukraine

Commodities rack up more stunning gains as supply fears deepen

Brent crude surged as much as 18 per cent after opening on Monday

Sheikh Mohamed bin Zayed Al Nahyan has ordered the completion of all housing grant applications submitted in previous years through the Sheikh Zayed Housing Programme, at a total cost of around Dhs2.3b

Sheikh Mohamed discusses Ukraine, energy market stability in call with Vladimir Putin

Sheikh Mohamed stressed the need for a peaceful solution to the Ukraine crisis in a way that maintains the interests and national security of all parties

Dubai Airport

Dubai’s Emirates suspends partner airline flights to select cities in Russia, Ukraine and Belarus

Emirates said that the decision was made due to the closure of airspace over certain areas

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

Oil extends eight-week rally on intensifying Ukraine tensions

Crude surged to the highest since 2014 last week

OPEC sees upside potential for oil demand as economy rebounds

OPEC and its partners are trying to gradually restart production halted during the pandemic

Oil’s red-hot rally takes a breather after seven weekly gains

Oil has rallied on improving demand and supply outages, putting $100 a barrel within reach

Gold heads for weekly gain as stocks drop before US jobs data

January’s employment report due Friday is expected to be weak

Oil gains on outlook for rising demand as Omicron wave fades

Crude has enjoyed a robust start to the new year, with prices soaring to the highest since 2014 last week

Dwindling OPEC+ spare capacity sets oil up for sizzling summer

Last month, the 10 OPEC nations in the accord managed only 60 per cent of their stipulated 250,000 barrel-a-day increase

Wizz Air Abu Dhabi

Wizz Air Abu Dhabi announces launch of three new routes

The low-cost carrier will begin flights to Nur-Sultan in Kazakhstan, Yerevan in Armenia, and Krasnodar in Russia next month

Wizz Air Abu Dhabi to begin operations to Russia’s Krasnodar

Flights will operate twice a week, commencing from February 7, 2022

Saudi Arabia cuts oil prices for Asia buyers as OPEC adds supply

On Tuesday OPEC+ decided to increase production in February by 400,000 barrels a day

OPEC output boost severely limited as African members struggle

The Organization of Petroleum Exporting Countries added just 90,000 barrels a day in December

OPEC sees tighter first quarter as it considers output hike

It sees a surplus of 1.4 million barrels a day in the first three months of 2022