As debt-laden Dubai’s economic recovery continues, with grandiose projects making a comeback, the emirate faces some near-term maturity of debt racked up during pre-crisis years but the prospects are not gloomy, analysts say.
Budget carrier Cebu Pacific has chosen Dubai in the United Arab Emirates (UAE) as the first destination for its long-haul operations out of Manila, with flights starting Oct. 7 this year.
Dubai’s Emirates airline group posted a 61-percent slump in net profit in the year to March 31 due to unprecedented economic pressures and record high fuel prices, the company said Thursday.
Budget carrier Cebu Pacific wants to take over several idle flight entitlements of flag carrier Philippine Airlines to the United Arab Emirates (UAE) as the Gokongwei airline prepares to start its long-haul flights.
The eurozone is showing signs of stabilization in some economic activities but significant downward risks linger, European Central Bank chief Mario Draghi said on Thursday.
The United Arab Emirates is looking to expand relations with the Philippines particularly in the areas of highly skilled labor, agriculture and environment studies.
