Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Business

Tesla Q1 sales sink 13 percent

The dip occurred amid lower production during factory upgrades.

AD Ports Group 2024 revenue $4.70bn

The Group's EBITDA increased by 69 percent YOY.

Tesla sales tumble in Europe in Q1

The company suffered from boycotts against the policies of Elon Musk.

Ford’s US Q1 auto sales dip

But its Q1 figures exceed a forecast by Edmunds

Vanke reports annual loss of $6.8 bn

The property giant attributes loss to falling sales and shrinking profit.

Kuwait Airways signs spare parts pact with seven Arab airlines

Airfares for departing flights from Kuwait have fallen more than incoming flights.
By TRENDS Desk
November 12, 2021 6:14 pm
  • 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)

 

[adinserter block="5"]

Most Read

UAE’s working mothers get extended maternity leave

The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.

Getting vaccinated is ‘the most patriotic thing’ to do

The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…

Energy deals top list as Bahrain issues $1.6bn tenders in Q1 2021

Majority of tenders issued are part of Bahrain’s $32 billion infrastructure development plans Oil and gas $767m, aviation $382m, construction and engineering $194m, materials and equipment $119m     Bahrain…

Saudi Arabia to generate $150 billion in investments from its new transport policy

The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…

Dubai’s Shuaa plans SPACs worth $600 million

Shuaa Capital plans to set up three blank-check companies of around $200 million each.

[adinserter block="4"]