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Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

Flydubai net up 76% to $229m

An airplane of budget airline flydubai lands at Israel's Ben Gurion aiport near Tel Aviv on November 26, 2020 on the first scheduled commercial service between the two cities, following the normalisation of ties between the UAE and Israel. (Photo by JACK GUEZ / AFP)
By TRENDS Desk AFP
March 7, 2022 6:40 pm
  • Dubai, a tourism and trading hub, has since October been hosting the delayed Expo 2020 world fair, which ends on March 31
  • In July 2020 Dubai became one of the world's first locations to reopen to foreign travel

The Emirati budget carrier flydubai on Monday announced it is back in the black, posting $229 million in profits in 2021, after heavy losses suffered by the world’s Covid-hit airline industry.

Flydubai, which is owned by Dubai like the giant airline Emirates, carried 5.6 million passengers last year, a 76-percent leap from 2020 when it lost $186 million at the height of the coronavirus pandemic.

Dubai, a tourism and trading hub, has since October been hosting the delayed Expo 2020 world fair, which ends on March 31.

In July 2020 Dubai became one of the world’s first locations to reopen to foreign travel.

Dubai airport last year remained the world’s busiest in terms of international passengers, numbering about 29.1 million in 2021.

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