#Europe

DCT Abu Dhabi

DCT Abu Dhabi, Air France-KLM partner to boost connectivity

The partnership expands Abu Dhabi’s global connectivity through daily flights to Paris

Saudia Cargo

Saudia Cargo expands European services

The air cargo services provider has signed a strategic agreement with Jan de Rijk Co to expand its reach

Snack

Introducing the snack bag of the future

Snack companies are looking at alternative packaging materials due to consumer demand and potential regulations

Saudi oil Europe

Saudi Arabia raises oil prices for Asia and Europe for April

Prices for US customers were left unchanged

Etihad

Etihad Cargo expands European capacity

The carrier will introduce two new routes from its Abu Dhabi hub to Copenhagen in Denmark and Düsseldorf in Germany

Dubai receives 14.36 million international visitors in 2022

Dubai receives 14.36 million international visitors in 2022

The emirate closed in on its pre-pandemic visitor figures of 16.73 million recorded in 2019

Wizzair launches flights from Jeddah to Europe

Wizz Air inaugurates three new routes from Europe to Jeddah

The new routes are a part of a line-up of 24 new routes to Saudi Arabia announced in recent months by Wizz Air

Air Arabia commences direct flights between Sharjah and Milan

Air Arabia commences direct flights between Sharjah and Milan

The new service will connect both cities with four weekly flights

SwissBorg

Europe’s cryptocurrency investment app SwissBorg enters the UAE

The application is said to provide a welcoming environment for first-time crypto investors, offering a wide range of services for novice to advanced users

UAE's Masdar acquires UK-based Arlington Energy to expand footprint

UAE’s Masdar acquires UK-based Arlington Energy to expand footprint

The acquisition will support Masdar’s offshore wind and renewables investment strategy

European investor M7 opens first Middle East office in Dubai

European investor M7 opens first Middle East office in Dubai

The company currently manages around €1bn of European real estate on behalf of Middle Eastern investors

Emirates announces changes to commercial teams

Dubai’s Emirates announces changes to commercial team across Middle East, Europe, other regions

The new appointments will be effective from November 1

Crypto

Bitcoin, Ether extend crypto selloff as big Fed rate hike looms

An Ether jump since mid-June that was spurred by hype around an upgrade of the Ethereum blockchain is rapidly unwinding

Natural gas

Natural gas buyers hoarding fuel at sea to prepare for winter

Natural gas prices in Europe and Asia are trading at a record high for this time of year

Their call comes in a year of record profits for Big Oil as energy prices surged with the world economy reopening from Covid lockdown

Oil steadies as traders fret global slowdown will erode demand

Oil has made a weak start to September, extending a run of three monthly losses

Gold

Gold steadies as Europe’s energy woes see greenback strengthen

Central banks globally are set to keep raising interest rates to fight inflation, weighing on non-yielding assets like gold

Dubai Airport

Dubai Airport expects full recovery next year amid travel surge

Dubai attracted 86.4 million travellers in 2019

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

Bosch

Bosch to spend $3bn to bolster European chip supplies

The auto-parts supplier said that it will make the investment by 2026

euro slips to dollar parity

European stocks dealt fresh blow as euro slips to dollar parity

The two currencies are worth the same for the first time in two decades

IPOs

Here are Asia’s biggest IPOs to watch for the second half

Share sales globally plummeted some 70 per cent from a year ago in the first half, to levels not seen in almost two decades

Gulf Air to start direct flights to Ras Al Khaimah airport

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 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

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