Air Arabia boosts UAE-Austria connectivity with new Sharjah to Vienna flights
Vienna
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economic recovery
OPEC Fund for International Development approves $233mn funding to aid public sector projects
The funding to aid economic recovery, infrastructure projects, and food security will benefit a number of countries, including Kosovo, Pakistan, Uzbekistan, and Zimbabwe
Adel Al Ali
Air Arabia launches first flights from Sharjah to Vienna
Non-stop six-hour flight to the Austrian city will operate four times a week, to be expanded to daily from mid-December
Adel Al Ali
UAE’s Air Arabia plans to launch flights to Vienna
Sharjah-based low cost carrier says to fly to Austrian capital seven times a week from September 15
oil output
OPEC agrees to extend oil output cuts into 2020
Delegates say ministers in meeting in Vienna have agreed to prolong their supply curbs by another nine months
oil output
After month of bickering, OPEC+ announces July meeting
At the talks, OPEC and its allies must decide on whether to prolong output curbs
Jamal Khashoggi
OPEC meets as Trump calls for oil taps to be kept on
Oil ministers from 20 or so countries busily criss-crossed the Austrian capital on Wednesday for preparatory negotiations ahead of the two-day meet at the headquarters of the Organization of Petroleum Exporting Countries
Bakheet al-Rasheedi
OPEC deal in balance as Saudi Arabia, Russia gather for talks
UAE Energy Minister Suhail Al Mazrouei told reporters in Vienna Tuesday that he’s optimistic all countries will join in the OPEC+ agreement
G20 summit 2018
Oil jumps most since June on Saudi-Russian pact, trade war truce
Crude is rebounding from the worst monthly drop in a decade on growing optimism the world’s top oil exporters will tackle the risk of a glut
Aviation
Emirates’ new First Class 777 set to launch on Vienna route
Austria will among the first countries to be served by Emirates’ Boeing 777 aircraft with fully enclosed private suites inspired by Mercedes-Benz
Crude price
‘Reason will prevail’ at tense OPEC meet, says Saudi minister
Khalid al-Falih said every minister he had met with “agrees that it’s time for us to change course”, noting that global oil demand is expected to climb in the coming months.
Iran
Saudi Arabia, Iran face off ahead of tense OPEC talks
Saudi Arabia insists it will do ‘whatever is needed’ to avoid oil supply shortages, setting the stage for a showdown with archfoe Iran
Aviation
Saudia relaunches direct flights to Vienna
Saudi national carrier ceased operations to Austrian capital in 2010
Global oil demand
Deal to boost OPEC oil output ‘inevitable’, says Saudi minister
Khalid Al-Falih says agreement will be reached to satisfy market at meeting next week
Brent
Oil slumps as Saudis and Russia say reviving output on the table
Saudi Arabia and Russia signalled they’ll restore some of the output they halted as part of a deal between OPEC and its allies that went into effect in January last year
Expo 2020
Vienna to participate in Dubai Expo2020
The UAE is Austria’s largest trading partner in the Gulf region
crude oil
OPEC may clear global oil inventory sooner than expected, says Goldman Sachs
According to Goldman, the market will have re-balanced by mid-2018