Emirates
Dana Gas swings to net profit boosted by settlement with KRG
United Arab Emirates energy producer Dana Gas swung to a net profit of $83 million in 2017 from a net loss of $88 million a year earlier after a $1 billion payment as part of a settlement with the Kurdistan Regional Government (KRG).
Dubai airport retains top international spot in 2017
Dubai airport was the world’s busiest for international passengers in 2017 for the fourth year running, with 88.2 million travelers, the United Arab Emirates’ state news agency WAM said on Feb. 5.
Dubai’s Emirates NBD in early talks to buy Turkey’s Denizbank
Emirates NBD, Dubai’s largest bank, said on Jan. 30 that it had started initial strategic discussions with Russia’s Sberbank about a possible purchase of Sberbank’s stake in Turkey’s Denizbank.
Emirates Airlines Ordered Aircrafts for USD 16 Billion
Emirates Airlines has signed a $ 16 billion deal for the purchase of 36 Airbus A380 aircrafts a few days after the European company reported that due to lack of orders it could stop producing those machines.
The company announced they have received rigid orders for 20 of the big planes with options for 16 more. Deliveries are scheduled to begin in 2020, reported BGNews.
Emirates throws Airbus A380 a lifeline with $16 billion deal
The Middle East’s largest airline, Emirates, announced Jan. 18 it struck a deal with Airbus to purchase 20 A380 aircraft with the option to buy 16 more in a deal worth $16 billion, throwing a lifeline to the European-made double-decker jumbo jets.
Turkey sends new group of soldiers to Qatar
A group of Turkish soldiers on Dec. 26 reached a military base in Qatar’s capital Doha, according to Qatar’s Defense Ministry.
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UAE ‘disappointed’ over inclusion in EU tax blacklist
The United Arab Emirates on Dec. 7 said it was “surprised and disappointed” over its inclusion on a European Union tax haven blacklist.
Bulgaria Remains Among the 15 most Desirable Destinations for Buying a Second Home
Bulgaria remains among the 15 most desirable destinations for buying a second home in October, according to the regular ranking of TheMoveChannel.com portal.
Our country ranks 11th, climbing two positions compared to September, with a share of 1.44% of all inquiries made in the portal.
WTO to hear Qatar’s complaint against UAE over blockade
The World Trade Organization agreed Nov. 22 to hear Qatar’s complaint against the United Arab Emirates over a five-month old blockade that has triggered a diplomatic crisis in the Gulf.
Russia and the UAE are Considering Joint Production of a Passenger Airplane
Russia and United Arab Emirates discuss the possibility of co-production of passenger airplanes, Sergei Chemesov, head of Rosthev Corporation, told reporters at the aviation exhibition in Dubai, sega reports.
The aircraft would be a modification of the MC-21, and will be designed for 250 passengers.