Flydubai launches daily flights to Helsinki

Helsinki Airport
Updated 23 April 2018
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Flydubai launches daily flights to Helsinki

DUBAI: Low-cost carrier flydubai announced on Sunday the launch of direct flights to Finland’s capital, the first flights to the city offered by a UAE-based carrier.
The service from Dubai International to Helsinki-Vantaa Airport will start on October 11.
“Flydubai will be the first UAE national carrier to offer direct flights to the capital of Finland,” said Hamad Obaidalla, chief commercial officer of flydubai, speaking at the Arabian Travel Market exhibition in Dubai.
“We remain committed to opening up previously underserved markets and to providing more travel options to fly to Dubai and beyond.”
The carrier will operate the new route on its new Boeing 737 MAX 8. Emirates will codeshare on the Helsinki route as part of its partnership with flydubai.


Egypt agrees to pay Israel $500 million to end gas dispute

Updated 9 min 43 sec ago
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Egypt agrees to pay Israel $500 million to end gas dispute

CAIRO: Egypt says it has struck a deal with the state-owned Israel Electric Corp. to settle a fine for halting deliveries of natural gas.
A statement from Egypt’s Petroleum Ministry said the settlement deal, which was signed Sunday, would reduce the $1.7 billion fine to $500 million.
It says Egypt will pay the amount over eight and a half years.
In return, the Israeli company would drop other claims resulting from a 2015 arbitration decision.
Israel Electric had sued the state-owned Egyptian General Petroleum Corporation and Egyptian Natural Gas after a 2005 deal to export natural gas to Israel collapsed in 2012 amid militant attacks on a pipeline in the Sinai Peninsula, where Egypt has been battling insurgency for years.
Israel relied on the pipeline to meet its energy needs.