Airhostesses inside a plane of Singapore Airlines in South Carolina, US. File/Reuters
Singapore and Malaysia have agreed to suspend the construction of a billion dollar train project linking the city-state to the southern Malaysian state of Johor, their transport ministers said on Tuesday.
Singapore Airlines said it had secured up to S$19 billion ($13 billion) of funding to help see it through the coronavirus crisis and expand afterward, in a sign of confidence travel demand will eventually return.
Singapore Airlines warned passenger capacity may remain at less than half of pre-pandemic levels by its March 2021 year-end after slumping to a S$1.12 billion ($817 million) first-quarter net loss due to a sharp decline in demand.
The Abu Dhabi National Oil Company (Adnoc) announced on Thursday, the award of a contract worth up to $519 million (Dhs1.9 billion) to further expand the scope of the world’s largest combined three-dimensional (3D) onshore and offshore seismic survey,
Abu Dhabi: The UAE property market is in fine fettle despite the COVID-19 pandemic. The completion rate of property projects in Dubai this year is quite encouraging despite the global trends, with over 20,000 units having been completed
The pan-European STOXX 600 rose 0.1%, with tech and healthcare sectors leading gains. In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.39% while Japan's Nikkei gained 0.91%.