Europe

Air Arabia expands Europe footprint with new Sharjah-Vienna route

The new service will commence operations on December 20, 2024, with a frequency of 4 non-stop weekly flights

UAE, Poland discuss collaboration in treasury, fintech, and renewable energy during first strategic financial dialogue

The dialogue seeks to boost bilateral trade and economic diversification initiatives

World’s largest EV producer BYD to build $1 billion factory in Türkiye

BYD's Türkiye factory is expected to begin production by the end of 2026 and create 5,000 direct jobs

2024 will likely be the world’s hottest year as June temperatures hit record-high

Global average temperatures in the last 12 months reached the highest on record at 0.76 °C above the 1991-2020 average

Oil prices hold steady, on track for fourth straight week of gains as strong summer demand and supply concerns buoy market

Brent crude futures, which have risen 7 percent over the past four weeks, dipped slightly by 2 cents to $87.41 per barrel

Eurozone composite PMI drops to 50.9 in June as business growth slows sharply

A strong expansion in the dominant services industry failed to offset a further deterioration in manufacturing

Economic growth stable but several risks could destroy ‘sandcastle economy’: Saxo Bank

Saxo Bank expects U.S. and European sovereign bond yields to remain range-bound in Q3 2024

Emirates introduces refurbished Boeing 777 to Geneva, Tokyo Haneda, Brussels

In total, 81 Boeing 777 aircraft will get an upgrade as part of Emirates' investment in its retrofit program

From Middle East to Africa, travel sector reaches new heights in 2024: Report

UAE ranked among the top 10 global travel destinations in the past year

Remittance flows to low-middle-income countries moderated in 2023, reaching $656 billion: World Bank

Remittances to LMICs are expected to grow 2.3 percent in 2024, but unevenly across regions

Dubai secures 12th spot in global wealth and lifestyle report, solidifying position as premier luxury destination

The emirate emerged as the 6th most expensive city in EMEA, attracting wealthy residents with its flourishing economy

UAE’s Etihad Cargo expands European footprint with new freighter route to Madrid

Effective July 15, 2024, Etihad Cargo will operate two weekly Boeing 777 freighter flights between Abu Dhabi and Madrid