Tim Clark, president of Emirates, said the airline has not scaled back its global ambitions in light of the US attack. Pawan Singh / The National
Tim Clark, president of Emirates, said the airline has not scaled back its global ambitions in light of the US attack. Pawan Singh / The National
Tim Clark, president of Emirates, said the airline has not scaled back its global ambitions in light of the US attack. Pawan Singh / The National
Tim Clark, president of Emirates, said the airline has not scaled back its global ambitions in light of the US attack. Pawan Singh / The National

Emirates vows to press on with new US routes despite open skies row


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Emirates airline is determined to push ahead with an ambitious route expansion programme, in the US and elsewhere, despite the campaign by some US aviation groups to curtail its growth under open skies agreements.

Tim Clark, the Emirates president, told The National that the airline is considering plans to open new routes to American cities from Dubai, as well as flying new routes from European airports under the "fifth freedom" rights of the open skies agreements with the American authorities.

Read the full interview with Tim Clark here

The fifth freedom allows airlines to fly routes outside their own home airports, as Emirates does with the Milan to New York flight that it began in October 2013.

“Expand further from European hubs into the US? Yes, we might do that,” Mr Clark said. “The kind of abuse we’ve been getting might cause us to do it. And after Milan, we can see how profitable it is. If the Danes or the Swedes were to come to us and say ‘we haven’t got enough flights to the US, would you consider it?’ Yes we might do that.”

Such a move would significantly raise the temperature in the simmering war of words between the North American lobby – including the big three airlines, American, Delta and United – and the main Arabian Gulf carriers, Emirates, Etihad Airways and Qatar Airways.

The Americans have accused the three of being unfairly subsidised by their governments, and are seeking action by the American authorities to halt open skies agreements in place for the past 15 years.

“We haven’t [considered further US routes from Europe] until now, but an awful lot of people in Europe want to fly to the other hemisphere,” Mr Clark said. “Not just the USA, but Mexico, South America, the Caribbean, and elsewhere. We might say to Richard Anderson [chief executive of Delta] that we’re just going to do what the US government wanted back in 1999, to go transatlantic and transpacific with fifth freedom open skies.”

He declined to identify which US cities Emirates was considering flying to, but said: “The troika [of US airlines] asked for a freeze on our expansion in the US, but it’s not their place to do it. Why should we stop our expansion? Orlando has been knocking on our door for a long time, and as soon as we opened that route the mayor of Miami went nuclear, wanting us to fly there too.

"Places like Denver and Fort Lauderdale would love to have Emirates flying there, because when you come into those kinds of airports you bring half of the Middle East and Africa with you. There are multiple entities in the US who are sick and tired of the troika," he added.

Mr Clark’s stance will raise the stakes ahead of the annual meeting of the International Air Transport Association, the global airlines trade body, in Miami, Florida next month. The open skies spat is expected to top the agenda at the meeting, sponsored by American Airlines and other US transportation companies. “We expect some action there,” Mr Clark said.

The Emirates president has not scaled back the airline's global ambitions in light of the US attack. "Sure we see America as one of our markets, but we see the planet as our market. Our ambition is only limited by the capacity of this hub at Dubai International Airport and the new one at Al Maktoum airport, and together those are pretty big," he said.

fkane@thenational.ae

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Group A
Kyrgyzstan v Qatar, 5.45pm
Iran v Uzbekistan, 8pm
N Korea v UAE, 10.15pm

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UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

Global Fungi Facts

• Scientists estimate there could be as many as 3 million fungal species globally
• Only about 160,000 have been officially described leaving around 90% undiscovered
• Fungi account for roughly 90% of Earth's unknown biodiversity
• Forest fungi help tackle climate change, absorbing up to 36% of global fossil fuel emissions annually and storing around 5 billion tonnes of carbon in the planet's topsoil

Results:

CSIL 2-star 145cm One Round with Jump-Off

1.           Alice Debany Clero (USA) on Amareusa S 38.83 seconds

2.           Anikka Sande (NOR) For Cash 2 39.09

3.           Georgia Tame (GBR) Cash Up 39.42

4.           Nadia Taryam (UAE) Askaria 3 39.63

5.           Miriam Schneider (GER) Fidelius G 47.74

The more serious side of specialty coffee

While the taste of beans and freshness of roast is paramount to the specialty coffee scene, so is sustainability and workers’ rights.

The bulk of genuine specialty coffee companies aim to improve on these elements in every stage of production via direct relationships with farmers. For instance, Mokha 1450 on Al Wasl Road strives to work predominantly with women-owned and -operated coffee organisations, including female farmers in the Sabree mountains of Yemen.

Because, as the boutique’s owner, Garfield Kerr, points out: “women represent over 90 per cent of the coffee value chain, but are woefully underrepresented in less than 10 per cent of ownership and management throughout the global coffee industry.”

One of the UAE’s largest suppliers of green (meaning not-yet-roasted) beans, Raw Coffee, is a founding member of the Partnership of Gender Equity, which aims to empower female coffee farmers and harvesters.

Also, globally, many companies have found the perfect way to recycle old coffee grounds: they create the perfect fertile soil in which to grow mushrooms. 

How Filipinos in the UAE invest

A recent survey of 10,000 Filipino expatriates in the UAE found that 82 per cent have plans to invest, primarily in property. This is significantly higher than the 2014 poll showing only two out of 10 Filipinos planned to invest.

Fifty-five percent said they plan to invest in property, according to the poll conducted by the New Perspective Media Group, organiser of the Philippine Property and Investment Exhibition. Acquiring a franchised business or starting up a small business was preferred by 25 per cent and 15 per cent said they will invest in mutual funds. The rest said they are keen to invest in insurance (3 per cent) and gold (2 per cent).

Of the 5,500 respondents who preferred property as their primary investment, 54 per cent said they plan to make the purchase within the next year. Manila was the top location, preferred by 53 per cent.

How to keep control of your emotions

If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.

Greed

Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.

Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.

Fear

The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.

Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.

Hope

While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.

Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.

Frustration

Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.

Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.

Boredom

Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.

Tip: Open an online demo account and get your thrills without risking real money.

Major matches on Manic Monday

Andy Murray (GBR) v Benoit Paire (FRA)

Grigor Dimitrov (BGR) v Roger Federer (SUI)

Rafael Nadal (ESP) v Gilles Muller (LUX)

Adrian Mannarino (FRA) Novak Djokovic (SRB)

UAE currency: the story behind the money in your pockets
MATCH INFO

Quarter-finals

Saturday (all times UAE)

England v Australia, 11.15am 
New Zealand v Ireland, 2.15pm

Sunday

Wales v France, 11.15am
Japan v South Africa, 2.15pm

How Beautiful this world is!
Fifa Club World Cup quarter-final

Kashima Antlers 3 (Nagaki 49’, Serginho 69’, Abe 84’)
Guadalajara 2 (Zaldivar 03’, Pulido 90')

The%20Kitchen
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COMPANY PROFILE
Name: Akeed

Based: Muscat

Launch year: 2018

Number of employees: 40

Sector: Online food delivery

Funding: Raised $3.2m since inception