Dubai / WAM Dubai’s Roads and Transport Authority (RTA) is restoring 4 intercity bus services as of May 19, especially with life returning to normal in the wake of the Covid-19 pandemic, and the growing demand for buses across these routes. “The four intercity bus routes to be resumed from Dubai are: E100 from Al Ghubaiba Bus Station to ...
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UAE, Turkmenistan discuss bilateral cooperation
ABU DHABI / WAM Ahmed Ali Al Sayegh, Minister of State, has held a virtual meeting with Turkmen Deputy Prime Minister and Foreign Minister Rashid Meredov to discuss the cooperation between the UAE and Turkmenistan. During the meeting, Al Sayegh conveyed, to Meredov, the greetings of His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister ...
Read More »Ajman DED issues 1,275 new licences in Q1 2022
Ajman / WAM The Department of Economic Development in Ajman (Ajman DED) issued 1,275 new licences during the first quarter (Q1) of this year, with a growth rate of 10 percent compared to the same period of 2021, according to the business movement report issued by the Commercial Registration and Licencing Sector at the Ajman DED. The remarkable growth ...
Read More »Uniper to keep importing gas from Russia
Bloomberg Uniper SE plans to keep importing natural gas from Russia for another decade, even as Europe seeks to cuts its energy dependency on the country. The German utility — one of the continent’s largest buyers of Russian gas — has contracts with Gazprom PJSC that will expire in the middle of 2030s, CEO Klaus-Dieter Maubach said at Uniper’s ...
Read More »Turkey, Nato prove Anna Karenina principle of ties
All happy families are alike; each unhappy family is unhappy in its own way. Leo Tolstoy’s famous opening in Anna Karenina applies also to alliances. Right now, Nato is unhappy with Turkey, the European Union with Hungary. For the sake of all involved — including cherished relatives such as Sweden and Finland — let’s hope these families sort things out. ...
Read More »UK’s consumers are starting to crack
The remarkable strength of the UK consumer is finally starting to crack. Higher bills for household energy, more expensive fuel, pricier groceries and rising interest rates are beginning to take their toll on shoppers. Consumer confidence slumped in April, as energy prices soared and national insurance contributions rose. GfK’s measure of consumer confidence slumped to -38, a level last seen ...
Read More »Can a Covid-zero China policy lift up the world?
Deciphering China has become nearly impossible. Officials continue to insist on the viability of their Covid-zero strategy, curtailing people’s movements and sealing borders even as the rest of the world has all but moved on from the pandemic. Trying to predict when Beijing will give up on this widely criticised policy is pointless. Of key interest now is what’s ...
Read More »Kim’s missile craze must have dire consequences
For months now, with the US distracted by war in Europe, North Korean dictator Kim Jong-un has largely been free to accelerate his weapons programs. President Joe Biden — along with US allies Japan and South Korea — needs to start making life harder for him. Kim’s scientists have conducted 16 missile tests since the beginning of the year, ...
Read More »Selling SriLankan Airlines tough task for new premier
Bloomberg Sri Lanka’s new Prime Minister Ranil Wickremesinghe wants to sell the national airline, saying the country’s poorest people who’ve never flown shouldn’t be saddled with its losses. Finding a buyer might not be easy. SriLankan Airlines Ltd, which prior to the pandemic serviced 126 destinations in more than 60 countries, lost $125 million in the year through March ...
Read More »JetBlue aims to cut costs even amid travel rebound
Bloomberg JetBlue Airways Corp is working with consultants to set targets for a new round of cost cuts, even as it prepares to meet surging consumer demand for travel. The airline expects to see “progressive improvement†in its cost performance throughout the rest of this year, following an operational meltdown in April that led to hundreds of flight cancellations ...
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