Russian Commodities Traders Relocate to Dubai as Switzerland Tightens Sanctions

Traders of Russian commodities are rushing to set up businesses in Dubai as Switzerland makes it increasingly challenging for them to deal with Moscow. Switzerland has for decades been home to middlemen helping to match Russian producers with buyers all over the world. Now, a ratcheting up of sanctions is prompting a migration to the … Read more

Russian Oil Tankers Get Their Safety Certification From India via Dubai Company

India is providing safety certification for dozens of ships managed by a Dubai subsidiary of top Russian shipping group Sovcomflot, official data showed, enabling oil exports to India and elsewhere after Western certifiers withdrew their services due to global sanctions against Moscow. Certification by the Indian Register of Shipping (IRClass), one of the world’s top … Read more

SpiceJet’s Dubai flight diverted to Goa due to medical emergency

SpiceJet’s Dubai flight carrying over 130 passengers and three infants from Madurai was diverted to Goa Airport on Monday due to a medical emergency but later proceeded to its destination after deplaning the ailing person, the airline said. SpiceJet flight SG 23 took off from Madurai airport at 9.20 … Read more

Dubai has been attracting attention of tech community from India: Yousuf Lootah

In an interview with ET, Yousuf Lootah, executive director for Tourism Development & Investments at Dubai’s Department of Tourism & Commerce Marketing said with bilateral agreements being signed between the two governments, a lot of Indian businesses are expanding through Dubai. He said one of the key things that Dubai has been successful in doing … Read more

Dubai Aerospace Files Insurance Claims of $1B for Aircraft Stranded in Russia

The Middle East’s biggest plane-leasing firm wrote off half-a-billion dollars for aircraft stranded in Russia, after the Kremlin issued a law preventing foreign-owned jets from leaving the country without state permission. Dubai Aerospace Enterprise booked a $538 million write-off for planes with airlines in Russia, it said in a statement on Friday. The company also … Read more

Travelport: Dubai Has Strongest Corp. Travel Recovery

Dubai has outpaced London as the top destination for global business travel this year, as the United Arab Emirates has seen the strongest travel recovery of any country in the world, according to data published by Travelport. Year-to-date bookings to Dubai so far this year are outpacing 2019 levels by 14 percent, according to Travelport. … Read more