Currently, passengers at Zurich Airport have to expect long waiting times at the security check. Improvement is in sight – but only in the summer. Vacation time means waiting time – picture from April 20, 2023 at the start of spring vacation. – zVg Ad the essentials in brief If you want to go through … Read more
Riyadh – Mubasher: The State of Japan received the first shipment of low-emission ammonia from Saudi Arabia, today, Friday, with plans to use it in co-burning alongside fossil fuels. to reduce carbon emissions. It is noteworthy that Japan, which lacks energy resources, wants to add hydrogen and ammonia to its energy mix, as it agreed … Read more
Cairo – Mubasher: The Ordinary General Assembly of Madinet Nasr for Housing and Development approved the report of the Board of Directors and the financial statements for the past year. The company said in a statement to the Egyptian Stock Exchange today, Wednesday, that the general assembly agreed to distribute a cash coupon to shareholders … Read more
Malik Salameh – directThe UAE’s holdings of US Treasury bonds decreased during the month of February 2023 by 0.61 percent on a monthly basis. The UAE’s holdings of bonds last February amounted to about $64.5 billion, compared to $64.9 billion in the previous month, according to the monthly report of the US Treasury Department. On … Read more
The European Commission (EC) is launching an investigation into the bankruptcy of the Romanian low-cost airline Blue Air Aviation. In particular, Brussels will assess whether the support measures taken by Romania in favor of Blue Air Aviation, in particular the guarantees of a €34 million bailout loan extended in August 2020 and its renewal, comply … Read more
Abu Dhabi – Mubasher: Dubai courts ordered KPMG Lower Gulf to pay $231 million, equivalent to 848 million dirhams, to a group of investors who reported losing money due to the company’s poor quality audit of a fund they invested in, according to a report by the Financial Times. The ruling, issued in late March, … Read more
Abu Dhabi – Mubasher: The total foreign assets of the UAE Central Bank exceeded half a trillion dirhams at the end of last January, for the first time in its history. Statistics issued by the UAE Central Bank indicated that the foreign assets of the Central Bank increased on a monthly basis by 1.34%, from … Read more
Jakarta – At the return moment, Water Lamp added three new routes to the island of Sumatra. The cities in question are Palembang, Pekanbaru, and Padang. It is known that in April 2022, Pelita Air started its first scheduled flight to Bali on the Jakarta-Bali route using 2 Airbus A320 aircraft. Service Water Lamp which … Read more
The still executive president of TAP, Christine Ourmières-Widener, will be heard this Tuesday by the commission of inquiry, after having contested the exoneration announced by the Government, following the compensation given to former director Alexandra Reis. The manager is the third personality, from a list of around 60, to be heard by the parliamentary commission … Read more
Abu Dhabi – Mubasher: The UAE Central Bank expected inflation to slow down during the current year 2023 to 3.2%, on the back of weak price increases in all categories, especially transportation, food and beverages. The Central Bank also expected in its recent report that inflation will remain on the rise, given that it is … Read more