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.…

• In 2020, the capital investment in the renewable energy sector was at US$8.72 billion, outshining oil and gas for the first time
•  Despite the damage caused to the climate, gas and oil are at the core of the energy sector, which is concerning
• The United Arab Emirates (UAE) topped in the Middle East, attracting foreign direct investment (FDI) in renewable energy close to US$2.4 billion in 2020

One of the conclusions of the 26th United Nations Climate Change Conference, which was held in Glasgow, Scotland, is that the climate change effect caused by fossil fuels on the earth might be irreversible by 2030.

The COP 26 conference emphasized the cutting down subsidies granted for coal and fossil fuels to low- and middle-income countries. However, there is no amicable consensus arrived on the above emphasis.

It appears that global financial firms are reluctant to curtail the direct and indirect financing of …

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.…

Somali PM Mohamed Roble has apologised to the UAE for the seizure of US$9.6 million in April 2018.

The Somali government, at the time, said the money seized at Mogadishu airport was intended for purposes of destabilising the country.

On the contrary, the UAE claimed it was for paying the salaries of the Somali military.

Read: Mastercard signs partners to elevate e-commerce in Somalia with new debit card launch

The back story

After the seizure, security officials in Somalia said the substantial amount of cash was intercepted after the plane landed from Abu Dhabi, the United Arab Emirates, at Mogadishu airport.

There were three suitcases carrying the US$9.6 million which were put in storage inside Somalia’s national bank, according to two senior security officers.

Security officials in Somalia said they had intercepted a substantial amount of cash that landed from Abu Dhabi, the United Arab Emirates, at Mogadishu airport on …

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.…

In a statement issued today, the United Arab Emirates [UAE] flag carrier Emirates has announced its plans to Increase flights from South Africa to 28 weekly flights starting next month.

This is good news to investors, business community and tourists as Emirates will provide more options for those wishing to visit Dubai or travel to one of the airline’s other 120 destinations across the world.

Furthermore, IATA’s latest world transport statistics showed that Emirates was the largest airline in the world during the unprecedented year of 2020. Over the 12-month period, the UAE national airline carried 15.8 million passengers.

While still a far cry from the numbers of 2019, Dubai-based airline Emirates handled nearly 1.2 million passengers at its hub over July and August.

This is close to triple the digits of 402,000 customers during the same period in 2020. Meanwhile, the airline has used the incentive of the pandemic …

Africa Oil Week (AOW) has been temporarily moved to Dubai (United Arab Emirates)  for the 2021 edition, the organisers of the event have confirmed. This will be done at the foothills of the Dubai Expo 2020 and the Global Business Forum Africa 2021.

The event, originally scheduled from 1-5 November in Cape Town, South Africa will now take place on 8-11 November 2021 in the Madinat Jumeirah.

The organisers have also dismissed media reports that the event had been scheduled to go on in South Africa as per the earlier plans.

Dubai is now positioning Africa as a key player in global geo-politics as its support for the continent demonstrates a new hope for many African nations.

AOW mandate

According to the organizers, the event’s mandate to stimulate upstream deals and transactions, drive investments into African projects and facilitate new partnerships and networking opportunities will remain the same, as per …