Our website use cookies to improve and personalize your experience and to display advertisements (if any). Our website may also include cookies from third parties like Google Adsense, Google Analytics, and Youtube. By using the website, you consent to the use of cookies.

Russian flight bans hit airlines from 36 countries

Russian flight bans hit airlines from 36 countries

RUSSIA has closed its airspace to airlines from 36 countries, including all 27 members of the European Union, in response to Ukraine-related sanctions targeting its aviation sector. Some of the banned countries had already been identified, while others were named by the aviation authority Rosaviatsia for the first time on Monday following the punitive measures imposed over Russia's invasion of Ukraine. The flight bans are expected to hurt airlines that fly over the world's biggest country to get from Europe to Asia. They are likely to force them to find new routes. Rosaviatsia said that flights from those countries could…
Read More
Algeria to allow private banks, airlines, sea transport firms

Algeria to allow private banks, airlines, sea transport firms

HAMID OULD AHMED ALGERIA will allow its private sector to set up banks as well as air and sea transport companies for goods and passengers to reduce spending, President Abdelmadjid Tebboune has announced. The move is part of wider reforms by the OPEC member to cope with financial problems caused by a sharp fall in energy export revenues, the main source of state funding for the North African country. Elected in December 2019, Tebboune wants to encourage private investors and improve the investment climate in an effort to develop the non-energy sector and reduce reliance on oil and gas. "I…
Read More