Central Bank asks lenders to defer loan repayments

Central Bank asks lenders to defer loan repayments

Cars are stranded on a flooded street in Dubai following heavy rains on April 18, 2024.  Giuseppe Cacace | AFP | Getty Images The United Arab Emirates’ central bank sent a directive to the country’s lenders and insurers approving the deferring of loan repayments for six months, as residents and businesses reel from historic floods … Read more

Emirates Airline CEO issues apology after Dubai flood chaos

Emirates Airline CEO issues apology after Dubai flood chaos

People queue at a flight connection desk after a rainstorm hit Dubai, causing delays at the Dubai International Airport, United Arab Emirates, April 17, 2024.  Rula Rouhana | Reuters The CEO of Emirates airline issued an apology letter to customers over the weekend after historic rains in the United Arab Emirates caused record flooding and … Read more

CEO expects normal service within 24 hours

CEO expects normal service within 24 hours

Passengers queue at a flight connection desk at the Dubai International Airport in Dubai on April 17, 2024. Afp | Getty Images The CEO of Dubai Airports said Friday that he expects services to return “close to normality” within 24 hours after the major transit hub was hit by unprecedented flooding. The United Arab Emirates … Read more

Did cloud seeding cause Dubai flooding? What to know about the science – National

Did cloud seeding cause Dubai flooding? What to know about the science – National

The United Arab Emirates (UAE) capital of Dubai remains flooded after a deluge of rain that fell earlier this week. By Tuesday, 142 millimetres had fallen in about 48 hours – which is about 50 per cent more than the annual total precipitation. The Dubai International Airport is the world’s busiest for international travel and … Read more

Dubai roads, airport reel from floods after record rains

Dubai roads, airport reel from floods after record rains

Dubai: Dubai’s giant highways were clogged by flooding and its major airport was in chaos as the Middle East financial centre remained gridlocked on Wednesday, a day after the heaviest rains on record. Tailbacks snaked along waterlogged, six-lane expressways after up to 259.5 millimetres (10.2 inches) of rain, the most since records began 75 years … Read more

Record rainfall causes airport chaos, other disruptions

Record rainfall causes airport chaos, other disruptions

TOPSHOT – Cars are stranded on a flooded street in Dubai following heavy rains on April 18, 2024. Dubai’s giant highways were clogged by flooding and its major airport was in chaos as the Middle East financial centre remained gridlocked on April 18, a day after the heaviest rains on record. Giuseppe Cacace | Afp … Read more

UAE hit with severe flooding as record rainfall disrupts Dubai flights

UAE hit with severe flooding as record rainfall disrupts Dubai flights

People wade through submerged street after heavy rain in United Arab Emirates on April 16, 2024.  Anadolu | Anadolu | Getty Images One of the world’s busiest airports temporarily halted operations as the United Arab Emirates experienced its heaviest rainfall on record. The downpour prompted flight cancellations and delays at Dubai’s international airport, with travelers … Read more

Microsoft invests $1.5 billion in AI firm G42, takes minority stake

Microsoft invests .5 billion in AI firm G42, takes minority stake

Microsoft President and Chief Legal Officer Brad Smith speaks during the annual Microsoft shareholders meeting in Bellevue, Washington on November 29, 2017. JASON REDMOND | AFP | Getty Images Microsoft will invest $1.5 billion into G42, an artificial intelligence firm based in the United Arab Emirates, as the U.S. giant looks to strengthen its position … Read more

In Baltimore bridge collapse, shippers left on hook for cargo pickup

In Baltimore bridge collapse, shippers left on hook for cargo pickup

Ocean carriers are declaring “force majeure” due to the Baltimore port bridge crisis, telling logistics companies and U.S. shippers including retailers that once cargo is dropped off at alternate ports, it becomes their responsibility to pick up. In an alert to customers Tuesday, CMA CGM wrote, “Those (containers) on the water will be discharged at … Read more

Qatari royal invested $50 million in pro-Trump news channel Newsmax: report

Qatari royal invested  million in pro-Trump news channel Newsmax: report

Signage for the Newsmax conservative television broadcasting network is displayed at a broadcast TV booth at the National Rifle Association (NRA) annual meeting at the George R. Brown Convention Center, in Houston, Texas on May 28, 2022.  Patrick T. Fallon | Afp | Getty Images Right-wing news outlet Newsmax received an investment of roughly $50 … Read more