INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Kuwait Airways signs spare parts pact with seven Arab airlines

Airfares for departing flights from Kuwait have fallen more than incoming flights.
  • Under the agreement, spare parts will be shared in emergency cases.
  • The agreement was signed on the sidelines of the 54th General Assembly of the Arab Air Transport Association in Doha.

Kuwait Airways has signed a loan and exchange agreement with seven Arab airlines that will be used to swap spare parts in emergency cases, said the company’s Chairman, Captain Ali Al-Dukhan.

Al-Dukhan affirmed that the signing came on the sidelines of the 54th General Assembly of the Arab Air Transport Association in Doha.

He added that several topics were discussed during the General Assembly, the most important is reducing the carbon emissions and reaching the net-zero in 2050.

He also noted that the meeting discussed the pillars of air policies to recover from the COVID19 repercussions, stressing the vital role played by the air transport sector as a main driver of the global economy. (KUNA)