Emirates Airline has announced its decision to suspend all flights to and from Nigeria from September 1 "to limit further losses" over "blocked funds".
In a statement posted on their official website, the Dubai-based carrier said they had "made considerable efforts to initiate dialogue with the relevant authorities due to ongoing challenges in repatriating funds" but had to make "the difficult decision" as there was "no progress" in finding"a viable solution".
The airline regretted the inconvenience caused to their customers, but stressed that the "circumstances were beyond their control".
They added that they will "re-evaluate" the decision if there are "any positive developments in the coming days regarding the blocked finds in Nigeria".
Emirates said they will work towards helping customers "make alternative travel arrangements wherever possible" or provide them with full refund.
"We remain keen to serve Nigeria, and our operations provide much needed connectivity for Nigerian travellers, providing access to trade and tourism opportunities to Dubai, and to our broader network of over 130 destinations," their statement said.
Walt Disney has agreed to pay $43.3 million to settle a lawsuit alleging that its female employees in California earned $150 million less than their male counterparts over an eight-year period, the plaintiffs' lawyers said in a statement on Monday.
UAE carrier Etihad Airways is set to introduce ten new destinations starting in 2025, expanding its global presence as it brings tens of thousands of new visitors to the capital.
US President-elect Donald Trump on Monday pledged a 25 per cent tariff on all products from Mexico and Canada from his first day in office, and an additional 10 per cent tariff on goods from China, citing illegal immigration and the trade of illicit drugs.
The UAE and Bahrain have finalised the procedures required to implement an MoU, signed last January, that fosters cooperation between the National In-Country Value (ICV) Programme and Bahrain’s Value Programme in Industry, known as Takamul.