City Dubai Financial News
01.01 / 16:51
Digital
Airlines
show
track
reports
Air India derosters pilot involved in hard landing incident in Dubai; orders probe
disastrous landing, an Air India flight was involved in a rough landing incident in Dubai on December 20, but fortunately nothing bad happened. The plane that went through the hard landing was a 5.5-year-old Airbus A320neo (VT CIQ) which did not suffer structural damage when it made the heavy landing (3.5 G) and came to a stop safely, TOI reported.
01.01 / 10:53
Manufacturing
Parke
Tesla
Metro
social
reports
testing
Traffic
Tesla SUV spotted in Bengaluru traffic; netizens ask, ‘Did no one break the glass?’
Tesla Model X was recently spotted in Bengaluru's traffic, creating a buzz among social media users, who engaged in a guessing game as to whether the vehicle was privately owned or if the Elon Musk-led company was conducting test drives in Bengaluru. The ultra-red Tesla SUV was reportedly spotted in Bengaluru's Minsk Square area near the Cubbon Park metro station.
01.01 / 04:37
Provident
Fighting
McDonald’s
PepsiCo
country
reports
Department
Can the carbon-offset market be saved?
“As soon as a coin in the coffer rings, the soul from purgatory springs," ran an early advertising jingle attributed to Johann Tetzel, a 16th-century indulgence salesman. Funding the church offered believers an alternative to paying for sins in the afterlife. The carbon-credit market promises something similar.
31.12 / 18:51
Target
Waters
Fighting
show
country
social
prevention
Maersk pauses Red Sea sailings after Houthi attack on container ship
By Jacob Gronholt-Pedersen and Ahmed Elimam
31.12 / 13:43
FIVE
Career
Pool
Parke
Metro
pandemic
social
"Why I left my finance job in London for a new life in Dubai"
A few years ago I moved to Dubai. After spending my career in London, where I worked for 15 years, I was ready for a change. The pandemic in particular made me want to seek an opportunity somewhere else – living with my partner in a cramped London apartment wasn’t great for my mental and physical health and I was keen to get out of London.
29.12 / 14:03
Merit
Action
Pool
President
reports
Colleges
Ivy Central's Class of 2028 Secures Impressive Early Wins at Top US Colleges and Universities
[Dubai], [29th Dec 2023] – As the initial rounds of college admissions decisions have been released, Ivy Central, a distinguished college counseling program, has announced its early successes for the 2023/2024 college admissions cycle. Ivy Central's Class of 2028 has secured early wins at over a dozen Top Tier institutions, demonstrating the program's commitment to mentoring students toward outstanding placements.
27.12 / 19:39
Provident
Booking
Adventure
show
information
reports
travelers
Paytm Travel Recap 2023: Delhi most preferred domestic destination, 70% increase in solo travellers
One97 Communications Limited (OCL) that owns the brand Paytm announced the release of Travel Recap 2023 on Wednesday. Delhi emerged as the most traveled domestic destination, capturing the hearts of explorers and culture enthusiasts, while Dubai dominated international travel, showcasing the allure of showcasing the allure of its cosmopolitan charm. As per Paytm Travel trends, a 70% increase in solo travellers has been observed marking a trend of wanderlust-driven individuals seeking independence and self-discovery.
27.12 / 18:15
Citi
Provident
Experts
show
performer
A year of strong equity returns; build a well-diversified portfolio
Returns from investment are the best indicator of the performance of various asset classes. And that helps investors determine which asset class is a winner and which ones to avoid. While the winners among asset classes keep rotating every year, the absence of any such pattern over the last 10 years (see chart), reinforces the importance of asset allocation in building a balanced portfolio. Here’s a quick look at the performance of different asset classes in 2023.
27.12 / 17:53
FIVE
Airlines
reports
25 Indians from grounded plane seeking asylum in France freed: Reports
seeking asylum in France after their flight from the UAE was grounded last week over suspicion of human trafficking before being allowed to take off for India have now been freed, according to local French media reports on Wednesday. These 25 passengers were not on the flight carrying 276 mostly Indian passengers which took off for Mumbai on Monday afternoon after four days of being held at Chalons-Vatry airport near Paris.
27.12 / 14:31
Citizens
Celebrity
performer
reports
prevention
Mahadev betting app owner Sourabh Chandrakar detained in Dubai: Reports
PTI. He has been put under ‘house detention’ as of now and the Indian authorities are working through diplomatic channels to get him deported. Meanwhile, the Enforcement Directorate (ED) may also file a fresh charge sheet in this multi-crore money laundering case soon, said the officials to the news agency.
26.12 / 20:26
FIVE
Airlines
country
prevention
India, France, UAE worked as team to bring back flight
France and the UAE to bring back the flight which was grounded at the Vatry airport, east of Paris, over suspected human trafficking. It was a tip-off, described as anonymous, from the UAE that enabled France to halt the Romanian Airlines chartered flight at an airport near Paris on suspicion of human trafficking.
26.12 / 06:52
Waves
Waters
Extreme
Southern
cover
Coral reefs are in trouble. One lab in the desert is trying to help
Dubai marina, almost 1,000 pieces of coral, trimmed a month ago, are being grown in four aquariums in a laboratory. A land-based laboratory in the Arabian Desert may seem like an unlikely spot for regenerating coral reefs. But, already, the corals are brighter than when they were cut in mid-November. «We can start to see the sign that the coral is starting to grow slowly from the top,» Ahmed Hamdy, a coral farm manager, said.
26.12 / 01:59
Citi
Citizens
Aviat
Airlines
President
country
travelers
India seeks four for each extra seat allowed to Dubai airlines
India has sought four seats for its carriers against every extra seat it allows Dubai-based airlines to operate to the country, according to people with knowledge of the matter. The demand is said to be unprecedented as international aviation trade is typically a bilateral process, based on the reciprocal exchange of rights by states. Under the bilateral air service agreement inked between the United Arab Emirates (UAE) and India in January 2014, airlines of both nations are allowed to operate a total of 66,000 seats per week between Dubai and 15 Indian cities.
26.12 / 01:40
Provident
Airlines
country
information
reports
Department
Mumbai
Plane with Indians grounded in France over human trafficking lands in Mumbai
passengers, mainly Indian, and previously grounded in France due to suspected human trafficking, touched down in Mumbai during the early hours of Tuesday. According to officials, the aircraft completed its journey, departing from Vatry airport near Paris at approximately 2:30 pm local time and arriving in Mumbai shortly after 4 am. Based on information from French authorities, the aircraft carried 276 passengers when it departed for Mumbai. Twenty-five individuals, including two minors, had indicated their intention to seek asylum and remained on French territory. Two additional individuals were apprehended and subsequently brought before a judge.
25.12 / 03:49
Airlines
information
reports
Department
prevention
303 Indians stranded in France set to depart today, but destination still unknown | 10 things to know
303 Indian passengers, suspected of human trafficking, detained near Paris, is set to leave on Monday, according to French judicial officials, AFP reported. 1. The Airbus A340, en route to Nicaragua, was held at Vatry airport after an anonymous tip-off upon its arrival from Dubai for refuelling.
24.12 / 17:46
Provident
Target
Career
economy
show
performer
2020
2024
‘Market momentum to continue in 2024 but stick to large-caps’
Mint, Devina Mehra, founder of First Global group, shares why she thinks the current market run-up was always in the offing and what her outlook on the markets is for the next year. Mehra, who is currently based out of Dubai, started her professional career in Citibank, working in the investment banking/corporate finance group and in corporate risk group from 1986-1993. In 1993, she quit Citibank and got membership of BSE.
24.12 / 11:37
Provident
Twitter
Airlines
Yellow
reports
travelers
gatherings
Flights delayed as Geneva airport workers go on strike
flights from Geneva airport were delayed and some were cancelled during the holiday rush Sunday, as dozens of ground staff went on strike over a wage dispute. The workers began their strike at 4:00 am (0300 GMT) to protest conditions provided by their employer, the Dubai National Air Travel Agency (Dnata). Dnata personnel, who handle about a fifth of the traffic through Cointrin airport, were striking to demand «dignified working conditions and decent wages», the SSP public sector union said on X, formerly Twitter. Around 80 strikers gathered in front of the airport before dawn, wearing bright yellow safety vests and brandishing union flags and posters with messages like: «Dnata is killing me» and «Precarious work means grounded flights». The airport acknowledged that the work stoppage was delaying flights during the busy Christmas rush. «Some of the employees of a service provider are on strike today, causing an impact on our operations,» it said in a statement, apologising to passengers for the inconvenience. Airport spokesman Ignace Jeannerat stressed that there were no problems facing flights not assisted by Dnata personnel. «A majority of operations are going very smoothly,» he told AFP. Luggage left behind Dnata reportedly counts around 600 staff at the airport, who handle various ground operations, including ticketing services and baggage handling, for a number of international airlines such as British Airways, Air France and KLM. Jeannerat said Dnata had been tasked with assisting 85 of the 417 flights scheduled for Sunday, a day when the Geneva airport was expecting 52,000 passengers to travel through. All flights being handled by Dnata's competitor Swissport «are functioning normally… Zero problems,»
24.12 / 06:58
Provident
Booking
Airlines
economy
country
reports
travelers
International
Christmas Sale: Vistara extends discounts on domestic and international flights. Details here
₹1924 (Dibrugarh-Guwahati) for economy class. Premium economy class (Dibrugarh-Guwahati) ticket flights start at ₹2324. For those seeking the ultimate in luxury, business-class prices start at ₹9924, guaranteeing a journey with spacious seats and personalized service.
23.12 / 04:37
Action
Airlines
information
travelers
Department
What Legend Airlines said after France grounds plane over suspected 'human trafficking'. 6 things we know so far
Nicaragua-bound plane carrying 300 Indian passengers on suspicion of ‘human trafficking’, said Liliana Bakayoko, who was a lawyer for the airline. Speaking to AFP, Bakayoko said, “The company denied any wrongdoing in the incident and is at the disposal of the French authorities. But the airline would take legal action if the prosecutors file charges." The plane had taken off from the United Arab Emirates.
21.12 / 23:21
Citi
stage
track
information
reports
testing
Hyperloop One to shut down after failing to reinvent transit
Hyperloop One, the futuristic transportation company building tube-encased lines to zip passengers and freight from city to city at airplane-like speeds, is shutting down, according to people familiar with the situation.
21.12 / 14:16
FIVE
social
stars
2020
reports
2024
IPL 2024 auction: Akash Ambani's classy reply to fan shouting ‘Rohit Sharma Ko Wapis Lao’ wins netizens' hearts
IPL auctions are all about selecting new players to represent a specific franchise, and the event in Dubai on December 19 was no exception. All the ten teams spent a jaw-dropping ₹230.45 crore, with 72 players being selected. Mitchell Starc and Pat Cummins earned a combined sum of over ₹45 crore of the total while several uncapped Indians made big splashes.
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