China’s imports of Russian oil have reached an all-time high, according to data from the General Administration of Customs in China. In May 2023, China imported a total of 9.71 million metric tons of oil from Russia, representing a 15.3% increase compared to the previous year. This translates to an average of 2.29 million barrels … Read more
UAE Banks Grant 11 Billion Dirhams in New Personal Financing in Q1 2023 Abu Dhabi – In the first quarter of this year, UAE banks provided 11 billion dirhams in new personal financing to individuals. The total balance of individual borrowing reached over 487 billion dirhams by the end of March, accounting for more than … Read more
Mubasher: Oil prices fell sharply today, Monday, amid anticipation of the Federal Reserve meeting later this week. US oil futures fell by more than 4% to $67.39 a barrel. This comes at a time when Goldman Sachs has lowered its forecast for the price of oil again this year, with increasing supplies and fears of … Read more
Abu Dhabi – Mubasher: The Emirates Central Bank’s possession of gold increased to 17.413 billion dirhams at the end of last March, from 15.910 billion dirhams By the end of February 2023, an increase of 1.503 billion dirhams. The Emirates Central Bank’s possession of gold increased by 38 percent at the end of last March, … Read more
Scandinavian Airlines has started selling tickets for the first flights on electric aircraft. But it is not yet known when these flights will take place, because the planes for them have not yet been built. This is reported TRAVEL RBC-Ukraine with reference to Euronews Travel. Tickets sold out on the first day of sale. On … Read more
CNN Indonesia Wednesday, 31 May 2023 05:50 WIB Garuda Indonesia Tbk terminated employment relations (PHK) to implement early employee retirement in order to save company costs. (BETWEEN PHOTOS/FIKRI YUSUF) Jakarta, CNNIndonesia — PT Garuda Indonesia Tbk (GIIA) terminated the employment relationship (layoffs) to apply early retirement employees to save on company costs. This pruning step … Read more
Abu Dhabi – Mubasher: The balance sheet of the UAE Central Bank exceeded 560 billion dirhams at the end of last February, to record the highest level in its history. The UAE Central stated that its balance sheet rose during the month of February, on a monthly basis, by 0.8 percent, to reach 564.25 billion … Read more
Exclusive translation: A JetBlue Airways flight attendant stunned the passengers on a flight from Newark, New Jersey to Tampa, Florida, by presenting safety features, in an exaggerated way. A video clip, published by the Daily Mail, showed flight attendant Peter Echevarria giving safety demonstrations before take-off using choreographed dance moves. The video shows Echevarria pulling … Read more
The International Labor Organization (ILO) recommends that the ‘aviation industry’ be ‘workers’ centric. To promote decent work and ensure the sustainability of the aviation sector. Source: ILO/Minette Rimando (CC BY-NC-ND 2.0) 19 May 2023 From the pandemic of COVID-19 has had an unprecedented impact on the civil aviation industry. The International Labor Organization (ILO) has … Read more
Muhammad Shaker – Mubasher: The UAE financial market indices declined at the end of today’s trading session, Thursday, amid expectations that interest rates will start to be cut by the third quarter of 2023. According to the data of the UAE financial markets, the Dubai Financial Market incurred losses amounting to 333 million dirhams, and … Read more