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TAQA Q1 net income $571m

Net income fell $2.58bn due to one-off items recognized in 2023.

QatarEnergy buys stake in Egypt blocks

It did not disclose the cost of the agreement.

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.

Saudia raises seat capacity by 10%

Saudia offered over 3.2 million seats for domestic flights through 17,600 flights. (Saudia)
  • This would be a 10 percent increase in the number of seats on a year-on-year (YoY) basis, the airlines said in a statement.
  • Saudi Arabian Airlines said that more than 4.2 million seats would be added to international flights.

RIYADH, SAUDI ARABIA –  State-owned Saudi Arabian Airlines (SAUDIA) announced that 7.4 million seats would be allocated to domestic and international flights in July and August.

This would be a 10 percent increase in the number of seats on a year-on-year (YoY) basis, the airlines said in a statement.

Saudi Arabian Airlines said that more than 4.2 million seats would be added to international flights.

This would be a 16 percent rise in the number of seats in international flights. The number of international flights would also rise 15 percent to 14,800 flights, the statement said.

The national carrier offered over 3.2 million seats for domestic flights through 17,600 flights.