Emirates Airline’s president, Sir Tim Clark has announced plans to retire in June next year.
The Dubai-based carrier has confirmed that he will be stepping down but the company hasn’t given any details on its succession plans.
Reports suggest the 70-year-old will continue as an advisor to the airline to ensure a smooth transition.
Clark joined Emirates’ founding team in 1985 and became president in 2003.
IEA consulting with governments on further oil stock releases, chief Birol says
The International Energy Agency is consulting with governments in Asia and Europe on the release of more stockpiled oil "if necessary" due to the Iran war, Executive Director Fatih Birol said on Monday.
Dollar rises as escalating Middle East tensions spur haven demand
The dollar rose on Monday as escalating retaliatory threats in the Middle East conflict curbed risk appetite and lifted demand for safe-haven assets.
Business leaders highlight Dubai’s resilience amid global developments
Chairpersons of several country business councils operating under the Dubai Chamber of Commerce say the emirate is reinforcing its global reputation for resilience and agility amid global challenges.
India to withdraw temporary domestic airfare caps from Monday
India will revoke the temporary fare caps it had imposed on domestic air tickets from Monday, the country's civil aviation ministry said on Saturday.
US allows 30-day sale of Iran oil at sea in bid to tame prices
The Trump administration has waived sanctions on the purchase of Iranian oil at sea for 30 days on Friday in its latest attempt to ease oil prices that have been driven up by the US-Israeli war on Iran.
The United Arab Emirates air defences are responding to missile and drone threats, according to statements from the Ministry of Defence (MOD) and the National Emergency Crisis and Disaster Management Authority (NCEMA) on Monday morning.
Authorities in Abu Dhabi have responded to an incident involving falling debris in the Al Shawamekh area, following the successful interception of a ballistic missile by air defence systems.
Authorities are urging the public to stay in a safe location as UAE defence systems respond to incoming missile and drone threats from Iran.
