Browsing: United Arab Emirates

In June 2022, the International Air Transport Association (IATA) revealed that Nigeria had not handed over US$ 450 million owed to different airlines. By July 2022, the money owed to foreign airlines had risen by US$14 million to US$464 million.

The funds were generated from ticket sales but were yet to be remitted, leading to friction between Nigerian authorities and international airlines.

The Nigerian federal government attributed the mess to the foreign exchange crisis as the naira continues to weaken against the dollar. IATA asked the West African country to release the funds’ failure, to which it risks being alienated from air connectivity.

The President said enhancing trade between Kenya and the Gulf countries would help to address the urgent need for jobs and economic opportunities for young people.

He especially urged business leaders from the private and public sectors to develop a special trading framework that will give preference to small and medium enterprises in the East African Community and the GCC.

At the same time, President Kenyatta expressed the need to develop a long-term solution to the many tariff and non-tariff barriers that curtail trade between Kenya and the Gulf region.

Cargo freight and passenger flights from Dubai to Nairobi were not affected by the Kenyan ban.

All incoming and transit passenger flights from Kenya have been banned till further notice as a result of an increase in Covid-19 cases in the nation, which led to the suspension of flights by Kenya Airways (KQ) to Dubai earlier this month.

KQ said tickets prepaid for travel during the suspension period will be refunded. KQ said that when flights resume, passengers will be able to rebook.

More than half of Sub-Saharan Africa’s population still does not have access to electricity according to a March 2020 report by the IMF. This means that the potential of the energy sector in Africa is immense since industry, education, healthcare and many other aspects of the economy cannot be fully exploited without power. 

In addition to inadequate power, those in Sub-Saharan Africa (SSA) have to pay on average nearly twice as much for electricity in comparison to consumers elsewhere in the world.  Even with power for the 50 per cent of the population, power shortages cost the continent an estimated 2 to 4 per cent of GDP a year.  

H.H. Sheikh Ahmed Bin Faisal Al-Qassimi’s Private Office will be awarding “International Honours” to African, Middle East leaders, executive producers, celebrities, tech entrepreneurs, humanitarians and guests speakers with outstanding contributions towards making the world a better place selected to receive the prestigious award.

The exquisite event will also showcase an exclusive upcoming Hollywood movie to be shot in the UAE as a Royal Office initiative supporting the emergence of “Dubai” and “Abu Dhabi” as the world’s next film industry hub.

Sheikh Ahmed Bin Faisal Al Qassimi is a member of one of the most prominent Royal Families in the UAE with a team that shares his vision and determination. The Sheikh Ahmed Bin Faisal Al Qassimi Private Office has an unparalleled competitive experience, invaluable business relationships and presence in the Dubai market.