Nigeria’s largest domestic operator, Air Peace has announced that it would commence operations to Dubai and Sharjah in the United Arab Emirates, UAE by November this year. The airline which has acquired aircraft to operate the destination, said it would be its long-haul service before embarking on other international destinations. This was disclosed by the […]
Read More
Vice-President Yemi Osinbajo will today Saturday, deliver the keynote address at the Professional Business Summit of the Christ Redeemers Friends International, Middle East-UAE Chapter holding in Dubai, United Arab Emirates. His Senior Special Assistant on Media and Publicity, Mr. Laolu Akande, disclosed this in a statement made available to journalists on Friday. According to Akande, […]
Read More
United Arab Emirates’ investors have signified interest in Nigeria’s business environment to promote their investment. This followed discussions between the First Vice Chairman of the Board of Directors of Abu Dhabi Chamber of Commerce, Ibrahim Mahmoud Al Mahmoud and Ambassador of Nigeria to the UAE, Mohammed Dansanta Rimi. The duo met in the Middle East […]
Read More
OPEC need not respond to a rise in oil prices by rushing to change a global supply-cutting pact, United Arab Emirates Energy Minister Suhail al-Mazroui said on Friday. This year’s rapid rise in oil prices, which hit $70 this week, is backed by strong demand growth and a fall in oversupply on the back of […]
Read More
Saudi Arabia on Tuesday said its economy contracted for the first time in eight years due to painful austerity measures as it announced record spending to stimulate growth. The OPEC kingpin said gross domestic product for 2017 shrank by 0.5 percent due to a drop in crude production in line with an agreement with major oil […]
Read More The Nigerian Ambassador to the United Arab Emirates (UAE), Mr. Mohammed Remi, is seeking the participation of more Nigerian airlines in the air lifting of cargo and passengers on the Nigeria – United Arab Emirate’s route Remi, who spoke during a reception organised at the weekend to welcome Medview Airline’s inaugural flight to Dubai, lamented […]
Read More Abu Dhabi National Energy Company (TAQA) reported on Thursday a narrower loss in the third quarter from a year earlier, after small profits in the previous two quarters. The state-owned oil explorer and power supplier made a loss attributable to shareholders of 194 million dirhams ($52.8 million) in the three months ended Sept. 30, it […]
Read More
Emirates Airline says it has launched flight operations between Dubai, United Arab Emirates (UAE) and Guangzhou, China promising to offer special services to Nigerian passengers who fly on the Lagos-Dubai- Guangzhou route. Emirates Country Manager for Nigeria, Mr. Afzal Parambil, who spoke at a press conference in Lagos recently described Guangzhou as a popular destination […]
Read More
Switzerland is the world’s most competitive economy for a ninth straight year, the Geneva-based World Economic Forum’s annual rankings showed on Wednesday. Following is a table showing the top 30 countries, according to the World Economic Forum. 1 Switzerland 2 United States 3 Singapore 4 Netherlands 5 Germany 6 Hong Kong 7 Sweden 8 United […]
Read More OPEC will discuss extending production cuts that have boosted oil prices and imposing output quotas on all cartel members at a November meeting in Vienna, an Emirati minister said Monday. United Arab Emirates Energy Minister Suheil al-Mazrouei said the oil market had rebalanced after OPEC and non-OPEC producers agreed to cut output in a historic […]
Read More
President Muhammadu Buhari has signed an extradition treaty with the United Arab Emirates (UAE), as part of efforts to rid Nigeria of corruption. The President, who signed the treaty on Thursday in Abuja, also ratified three other agreements covering legal assistance in criminal, civil and commercial matters, and extradition. The others treaties are Agreement on […]
Read More
United Arab Emirates-based telecoms operator Etisalat posted a 14.7 percent drop in second quarter net profit attributable to shareholders as impairments rose, its full financial report showed on Thursday. The country´s largest telecoms operator issued a statement on Wednesday to say its net profit rose 6 percent, but it did not provide a breakdown of […]
Read More
