Pakistan airspace remains closed amid tensions with India over situation in Kashmir, and Saudi Arabia expects billions of dollars in flows from inclusion on benchmarks.
Category
ЁЯЧЮ
NewsTranscript
00:00Flights to and from Pakistan are still cancelled after the country closed its airspace amid
00:06rising tensions with India over the situation in Kashmir.
00:09The cancellations are now in their second day with no certainty over when flights will
00:13resume.
00:14Dubai Airport and Abu Dhabi Airport both said that flights from there to Pakistan are cancelled
00:19until further notice from the UAE's General Civil Aviation Authority.
00:22Meanwhile, Pakistan's Civil Aviation Authority said that the airspace of the country will
00:26remain closed until Thursday midnight, but an airport official said that this decision
00:30will be made later and will depend on the situation there.
00:33In more regional news, Saudi Arabia's stock exchanges are expected to see about $15 billion
00:38to $20 billion worth of passive fund flows.
00:41Saudi Arabia's stock exchange Tadawal will be included onto the MSCI Emerging Market
00:45Index as well as the FTSE Russell in the first half of this year.
00:48Its chief executive officer said that active fund flows are a bit harder to predict, but
00:53he expected a lot of foreigners to buy into the market because of the inclusion onto the
00:57indices.
00:58This has been the Daily Business Wrap.
00:59For more stories, please do check us out at gulfnews.com forward slash business.
01:03Thank you so much for watching.