US forms coalition to combat Houthi attacks in Red Sea
US Defense Secretary Lloyd Austin said in a statement that countries seeking to defend "the foundational principle of freedom of...Business Geostrategy
AviLease, SDH Wings Sign MoU
The MoU will expand SDH Wings' portfolio of aircraft.Company News Business
Popular Buraidah dates daily sales worth $400k
About 400 refrigerated trucks transport hundreds of tons of 45 varieties of dates to specialized factories in big cities.The region has the highest number of date palm trees among all the kingdom’s regions.
About 400 refrigerated trucks transport hundreds of tons of 45 varieties of dates to specialized factories in big cities.
Bank ABC Islamic H1 gains hit $19.2m
The profit absorbed a one-off fraud-related impairment in 2020.The profit reflects the bank's success in returning to normal performance after absorbing the one-off exceptional fraud related impairment in 2020
Other key highlights include the total operating income of US$21.5 million which is 8.1% lower than the same period last year
Cargo ship splits in two after running aground at Japan port
Aerial images showed the separated stern of the Crimson Polaris tipped upwards and the other part of the stricken boat...Aerial images showed the separated stern of the Crimson Polaris tipped upwards and the other part of the stricken boat listing into the sea
Authorities were trying to contain the oil leak but had not yet been able to erect an oil fence around the boat
Emiratis in 18-24 age group 61 percent of Expo 2020 volunteers
The Expo Volunteers Program is an opportunity to gain lifelong skills and build connections, say Expo statement.Volunteers drawn from all segments of society will manage the 182-day event's vast array of activities, events.
The Expo Volunteers Program is an opportunity to gain lifelong skills and build connections, says Expo statement.
Dubai hotels may work full capacity
Under new Covid-19 directions for tourism sector, the number of participants in community events has been increased to 2,500 for...The number of participants in community events increased to 2,500 for indoor activities and 5,000 for outdoor functions with no mandatory vaccination.
Recreational and entertainment destinations such as museums, cinemas, exhibitions and tourism spots may increase their capacity to 80 percent.
Jazeera Airways posts 138% growth in passenger traffic in Q2
The operational performance shows positive signs that travel will recover at a fast pace after eased restrictions come to effect...The operational performance shows positive signs that travel will recover at a fast pace after eased restrictions come to effect by the middle of Q3 2020
The airline registered a net loss of KD6.5 million for Q2 on account of the higher costs due to increased operations and higher fuel prices
Sky Abu Dhabi to invest around $1bn in Egypt in two years
Sky Abu Dhabi Development will invest nearly a billion dollars in Egypt during the next two years in the North...Sky, a subsidiary of United Arab Emirates-based Diamond Group, set up in Egypt in February 2021 and launched its first project in March
Sky's project in the new capital comprises 1,000 housing units and 15,000 square meters of commercial and office space
Qatar pulls up 106 firms for violating summer work hours
The action has been taken under a new law that prohibits laborers from working outside between 10 am and 3:30...Qatar’s labor ministry said the 106 companies it pulled up were caught during an intensive inspection campaign
The ministry said the violating companies are chiefly from the contracting sector: building maintenance, to be specific
Dana Gas reports $139m net profit in H1
Dana Gas, the UAE-based energy producer, is out of woods with a big rise in its net profit to $139...The first half is one of the strongest financial periods for the gas company
The firm reported a net profit of $139 million for the January to June period, compared to a loss of $19 million a year earlier
Etihad Cargo’s tonnage up 20 percent on pre-Covid volumes
The cargo and logistics arm of Abu Dhabi’s Etihad Aviation Group said it is looking to facilitate a global trade...The airline has reclaimed 90 percent of its pre-Covid destinations.
It currently services 72 network destinations across the Middle East, Asia, Europe, Africa, and the Americas.