Tag: World

Saudi trade sanctions bite Dutch companies

Sanctions imposed on Dutch companies by Saudi Arabia following the distribution of anti-Islamic stickers by populist politician Geert Wilders are now biting, and could further hurt business interests of the Netherlands, said Dutch Foreign Minister Frans Timmermans on Thursday.

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Fleet boost: Lufthansa invests $50 billion

Fleet boost: Lufthansa invests $50 billion

Germany’s flag carrier Lufthansa, which operates a record number of 24 flights a week on Saudi-German sector, has launched a $50 billion fleet expansion plan. This fleet expansion project will enable Lufthansa to acquire 295 latest-version of airplanes, including ultramodern Boeing 777-9x and new airbus A350-900 in a staggered schedule until 2025.

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