Abu Dhabi is one of the two international hubs of Jet Airways. Dutch capital Amsterdam is the European gateway for the airline for its operations to Europe and beyond.
Category
🗞
NewsTranscript
00:00Hello and welcome to Gulf News Daily Business Wrap-Up.
00:04Cash-strapped Jet Airways has grounded its operations from Abu Dhabi due to non-payment
00:09of lease rentals.
00:11The total number of flights that have been grounded were four, taking the total to 41.
00:15Remember that Jet Airways were strapped for cash and were sourcing new funds from the
00:22market.
00:23Holdings by foreign investors could double to 10 per cent in Saudi companies, according
00:28to Tadawul's chief executive officer, from the current 5.9 per cent.
00:34Remember that today is the day when Saudi Arabia's Tadawul will be officially joining
00:38the FTSE Emerging Market Index, having a weightage of 2.9 per cent.
00:44The Tadawul index has risen about 9 per cent since the start of the year, and analysts
00:49are bullish on Saudi stocks surging ahead.
00:53In other news, the European Union will be pressing its Chinese counterpart for a deadline
01:00to open up the Chinese economy for European Union companies.
01:04They will be meeting on April 9 for a summit in Brussels.