Several listed subsidiaries of the Adani empire, which spans coal, airports, cement and media, collapsed in early trade, with some losing as much as 20%
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The UAE and Israel have agreed to increase the number of flights to meet the high demand for passenger traffic between the two countries, officials said.
“To further strengthen people-to-people ties between Israel and the UAE, we now have increased the number of daily flights to better connect our people and economies,” said Mohamed Al Khaja, the UAE’s ambassador to Israel.
Given the high demand for flights to Dubai, Brigadier General Miri Regev, Minister of Transportation and Road Safety of Israel, has approved the addition of seven regular weekly flights between Israel and Dubai for the upcoming summer season, bringing the weekly number of flights to Dubai to 49, second only to flights to Istanbul.
The addition of flights will allow Emirates airline to operate an additional daily flight from Tel Aviv.
Currently, the UAE carriers flydubai and Etihad Airways also operate direct flights to Israel.
“These additional flights will strengthen the ties between the two countries. Since I inaugurated the first flights to the UAE within the framework of the Abraham Accord, the activity has increased every month. In light of this, I decided to approve the addition of seven weekly flights,” said Regev.
“This decision has been taken in view of the high demand for flights to Dubai, which have become a favourite destination for Israeli traveller since the signing of the Abraham Accords in September 2020. The cities of the emirates are popular vacation destinations for the Israeli audience,” the Ministry of Transportation and Road Safety said.
Meanwhile, bilateral trade between the UAE and Israel jumped more than three-fourths to nearly Dh2 billion during January-February 2023.
“The bilateral trade of goods – excluding software – for the first two months of 2023, reached $540.6 million (Dh1.98 billion) compared to $306.2 million (Dh1.123 billion) for the same period of 2022, an increase of 76.5 per cent,” said Amir Hayek, Israel’s ambassador to UAE.
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