Abu Dhabi’s ADNOC Distribution ‘to expand in Saudi Arabia’

ADNOC Distribution, the fuel distribution arm of the Abu Dhabi National Oil Company, is planning to expand its business in Saudi Arabia. (Reuters/File Photo)
Updated 13 May 2019
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Abu Dhabi’s ADNOC Distribution ‘to expand in Saudi Arabia’

  • Company’s board of directors decided to construct three more fuel stations in Saudi Arabia
  • Al-Rashdi said the company plans to expand its activities in Saudi Arabia to include fuel services, car washes and restaurants

LONDON: ADNOC Distribution, the fuel distribution arm of the Abu Dhabi National Oil Company, is planning to expand its business in Saudi Arabia, according to its acting CEO.
Saeed Mubarak Al-Rashdi said the company’s board of directors has decided to construct three more fuel stations in the Kingdom, according to UAE state news agency WAM.
The decision follows “the success of two stations launched earlier in 2018, which attained profits of over 30 percent.”
In a statement on the sidelines of the company’s “Capital Markets Days” in London and New York, Al-Rashdi said the company plans to expand its activities in Saudi Arabia to include fuel services, car washes and restaurants.
It also plans to increase the number of stations in Dubai over the next five years, by constructing a total of 75 new stations, Al-Rashdi added.
“We want to explore investment opportunities in new markets outside the UAE, to meet our minimum target of achieving a 15 percent profit margin from our investments,” Al-Rashdi said.


British Airways to resume Pakistan flights next week after a decade

Updated 23 May 2019
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British Airways to resume Pakistan flights next week after a decade

  • BA halted service to Pakistan in the wake of the 2008 Marriott Hotel bombing in Islamabad
  • BA will begin the London Heathrow-Islamabad service with the Boeing 787 Dreamliner

ISLAMABAD: British Airways will resume flights to Pakistan next week a decade after it suspended operations following a major hotel bombing, becoming the first Western airline to restart flights to the South Asian country.

BA halted service to Pakistan in the wake of the 2008 Marriott Hotel bombing in the capital Islamabad that took place during a period of devastating Islamist militant violence in Pakistan.

Security has since improved, with militant attacks sharply down in the mainly Muslim country of 208 million people, reviving Pakistan as a destination for tourist and investors.

“The final touches are coming together for the airline’s return ahead of the first flight on Sunday June 2,” British Airways said in a statement. It will launch a three-per-week service to London Heathrow, it said.

“We’re on board,” Pakistani Civil Aviation spokeswoman Farah Hussain said about the flights resumption.

BA, which is owned by Spanish-registered IAG, will begin the London Heathrow-Islamabad service with the airline’s newest long-haul aircraft, the Boeing 787 Dreamliner.

At present, only loss-making national carrier Pakistan International Airlines (PIA) flies directly from Pakistan to Britain, but its ageing fleet of planes is a frequent source of complaints by passengers.

Middle Eastern carriers Qatar Airways, Etihad Airways and Emirates have a strong presence in Pakistan and have been eating into PIA’s dwindling market share. Turkish Airlines also lays on a regular service to Pakistan.

Islamabad has been running international advertising campaigns to rejuvenate its tourism sector, which was wiped out by Islamist violence that destabilised the country following the Sept. 11, 2001 attacks in the United States and the U.S.-led war in Afghanistan.

“We hope customers in both the UK and Pakistan will enjoy the classically British service we offer, with thoughtful bespoke touches,” Andrew Brem, Chief Commercial Officer at British Airways, said in BA’s statement.

BA said there will be a halal meal option in every cabin and the airline would also ensure sauces in every meal do not contain alcohol or pork.