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Roche to buy Poseida Therapeutics

The $1.5 billion deal is due to close in early 2025.

BP announces $7bn gas project

The project aims to unlock 3 trillion cu ft of gas resources in Indonesia.

Lulu Retail Q3 profit $35m

For the nine-month period, net profit increased by 73.3%.

Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.

Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.

Emirates’ deal with Travelport could make flights cheaper

    •  Emirates will distribute its NDC content via Travelport+

    • The firms also extended their longstanding IT agreement

    Dubai-based carrier Emirates was quoted by local reports on Saturday, July 3, as saying that it had reached a commercial agreement with global travel-retail firm Travelport that could reduce the fares of the airline’s customers.

    Travelport’s global distribution system is expected to become functional this month, and travel agencies connected with it can avoid Emirates’ airline surcharge by booking tickets through this GDS, said the reports.

    Given that most travel agencies pass on the airline surcharge to customers, it may be expected that agencies under the Travelport umbrella will remove this charge for flyers who choose Emirates.

    The airline and the travel firm also announced a new long-term agreement to let Emirates distribute its new distribution capability content, or NDC content, via Travelport’s platform Travelport+. They also extended their IT agreement.

    The reports quoted Emirates Chief Commercial Officer Adnan Kazim as saying: “Supported by the recent launch of Travelport+, these new deals will further cement Emirates as the airline of choice for travelers that want highly personalized offers and access to the world’s best destinations.”

    This may be Emirates’ latest step in a path to recovery after the airline declared losses totaling $5.5 billion in the year ended March 31.

    It has already received $3.1 in the form of injected equity from the emirate of Dubai to help it stay afloat