Bloomberg United Airlines has suspended its service between Newark and Mumbai, a route that regularly flies through Iranian airspace, after Iran shot down a US military drone and as tensions between the two countries continue to escalate. “Given current events in Iran, United has conducted a thorough safety and security review of our India service through Iranian airspace and decided ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved the improvement of Dubai-Al Ain Road at a cost of AED2 billion. The upgrade project will enhance the road’s link with several highways, such as Sheikh Mohammed bin Zayed Road, Sheikh Zayed bin Hamdan Al ...

DUBAI / WAM The General Civil Aviation Authority (GCAA) called on registered air operators within the UAE to evaluate flight paths affected by recent airspace restrictions in the region. In a statement, the GCAA said that given current regional developments and as a precautionary measure, UAE-registered air operators need to avoid operating in areas that could jeopardise civil aviation safety ...

Bloomberg China has the strength and patience to withstand the trade war, and will fight to the end if the US administration persists with it, China’s state-run People’s Daily said in an editorial on Saturday. The US must drop all tariffs imposed on China if it wants to negotiate on trade, and only an equal dia- logue can resolve the ...

Bloomberg Bitcoin breached $10,000 for the first time in about 15 months, recouping more than half of the parabolic increase that introduced mainstream investors to the digital asset before the bursting of the cryptocurrency bubble. “The bounce back of Bitcoin has been fairly extraordinary,” said Geo-rge McDonaugh, chief executive and co-founder of London-based block-chain and cryptocurrency investment firm KR1 Plc. ...

Bloomberg Call it the trifecta that gave rocket fuel to the gold market: Powell, positioning and politics. Gold ended the week trading near $1,400 and recorded bigg-est weekly gain in three years. It was Jerome Powell’s signal that Federal Reserve is moving closer to lowering interest rates and a brewing conflict between Iran and the US that lit a spark ...

Sharjah / WAM Tilal Properties, a developer of residential complexes and freehold projects in the Emirate of Sharjah, has been honoured with the “Best Infrastructure Project” Award for its project ‘Tilal City’, by the Arabian Business magazine. Located on Emirates Road (E611) with Sharjah International Airport just 10km away and the border of Dubai within 2km, Tilal City is the ...

Dubai / Emirates Business Damac Properties announced the launch of its new project, ‘Zada’, in Dubai’s Business Bay area. Priced at AED 699,999, the exquisitely designed one-bedroom apartments offer views of the iconic Dubai Canal. The official launch will take place on June 29, and Damac is offering prospective buyers a chance to pay for the property in monthly instalments ...

ABU DHABI / WAM Etihad Airways has announced its suspending operations through Iranian airspace over the Strait of Hormuz and the Gulf of Oman. In a statement, the national airline of the UAE said, “Following the decision of the US Federal Aviation Administration to restrict US airline operations in Iranian-controlled airspace, Etihad Airways consulted closely with the UAE General Civil ...

Sharjah / WAM Souq Al Jubail, which hosts the largest fresh produce market in Sharjah, has announced the launch of its annual Dates Festival. The event, which will continue until the end of August, provides shoppers and visitors with an opportunity to choose from a wide variety of imported fresh dates. A variety of date farmers and traders hailing from ...