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Sunday, 11 March 2018

On the horizon

Stop us if you’ve heard this one before: The first direct flight between Moscow and Cairo in over two years is expected to take off in late March or early April, according to Akhbar El Youm’s print edition. Sources tell the newspaper that necessary permits will be issued this week. Flights had been set to resume in February. Russian officials had pinned the blame on a delay in agreements over ground handling services, which the Egyptian side had denied, claiming all necessary agreements were concluded during Russian President Vladimir Putin’s visit to Cairo last year.

Verdict coming in anti-Uber, Careem lawsuit: The Administrative Court will issue a verdict on 20 March in the case filed by 42 taxi drivers demanding that local operations for ride-hailing services Uber and Careem be shut down.

Naeem Holdings’ shares will officially begin trading on the Dubai Financial Market (DFM) on 25 March, Reuters reports. The company had received approval from the Financial Regulatory Authority for its dual listing last month.

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