Tag: Europe

Air Arabia Jordan: Ready for Liftoff

By buying a major stake in Petra Airlines, low-cost giant Air Arabia has created a new carrier which will use Amman as a hub to further its ambitious expansion plans. By Laith Abou-Ragheb Jordan’s aviation and tourism sectors were given…

Russia’s Downturn Adds to Weakness in EBRD Economies

A sharp fall in the price of oil has piled pressure on an already fragile Russia, and is hitting growth in energy exporters and other emerging nations with close links to eastern Europe’s largest economy, according to the EBRD’s latest…

How Low Can Oil Go?

The oil market’s reaction to America’s renewed military operations in the Middle East has been counter to normal expectations. Rather than rise in price, Brent dropped from $115 in June to below $100 in September. How can this correction be…