Sunday, June 25, 2017

Business News

Eurozone ministers try to find deal on Greek debt

Finance ministers from eurozone countries are meetings in Brussels to decide whether Greece receives the next slice of bailout money in desperate needs. Greek national debt currently stands at $355 billion, which is over 180 per cent of GDP. Our Europe correspondent Jack Parrock reports

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Emirates will cooperate with China over safety issues

Dubai-based Emirates Airline said it will fully cooperate with China’s civil aviation authority after being fined for two incidents of “unsafe operations”. In a statement, a spokesperson for the airline said, “Emirates will cooperate fully with the CAAC (Civil Aviation Administration of China) and complete all actions recommended by the ...

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Etihad Airways to suspend San Francisco route

Etihad Airways is suspending flights to San Francisco on the back of poor demand. The route, which had already dropped from a daily service to three times a week earlier this year, will be suspended from October 29. Etihad said passengers booked to travel after then will be rebooked with ...

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Financing completed on third phase of Dubai’s solar park

The financing for the third phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai has been completed. The 800 MW facility has secured Sharia-complaint funds with the backing of seven institutions. It’s scheduled for delivery in 2020 and will be the largest of its kind in the ...

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Fly Business class for just AED 2,850 to this popular destination

A growing number of UAE and GCC nationals are now visiting the Philippines as a business and holiday destination. That’s according to Philippine Airlines which saw a 50% increase in passenger load in its Dubai-Manila flights in the second quarter of the year, compared to the same period last year. ...

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