UAE’s Etihad finds ‘no issues’ with engines of A350 fleet: statement
Rolls-Royce said on Thursday it was launching "a one-time precautionary engine inspection programme" which may apply "to a portion of...Business
Durov: Father of 100 children is a mysterious and controversial Telegram founder
Paris, France - Russian-born tech entrepreneur Pavel Durov has founded wildly popular social networks, cryptocurrencies, amassed a multi-billion-dollar fortune and locked...Business
SABIC H1 net profit slumps 87%
The second quarter net profit fell 85 percent on weaker demand.Year to date, SABIC's share in the results of non-integral joint ventures and associated companies decreased versus prior year.
Compared to Q1 2023, net profit climbed 78.8 percent from SAR 660 million, due to the re-measurement gains in option rights related to joint venture agreements.
Lufthansa profit soars
The German airline's net profit climbed to US$964m in Q1.The airline's positive results were driven by surging demand for flights as well as a rise in ticket prices
It was hit hard by pandemic border closures, and had to be bailed out by the German government
Nakilat profit up 6.1%
The Qatari gas firm's net profit rose to US$213m in H1 of 2023.Its earnings per share (EPS) rose to QR 0.014 as of 30th June 2023 versus earnings per share (EPS) QR 0.14 for the same period in 2022
Early this year it obtained the approval to raise the ceiling for non-Qatari ownership in the company’s capital to 100 percent
Global trade in goods, services worth US$31trn in 2022: WTO
Dubai, UAE--Trade in goods and services amounted to US$ 31 trillion in 2022, a 13% rise year-on-year. According to the...In 2022, China retained the top position as the top merchandise exporter, but its share fell to 14 percent from 15 percent
Exports of fuel and mining products recorded a 19 percent increase per year between 2019 and 2022, touching US5,158 billion in 2022
X, the former Twitter, lets users hide once-vaunted blue check
Blue ticks, long free at Twitter, were intended to signal the identity of certain users -- such as journalists, celebrities...A coveted status symbol at Twitter before Musk;s takeover, the blue checks have been mocked by some as a sign that the user is willing to pay for special treatment
Other paid-for features, such as posts longer 280 characters, may still allow other users to identify a Blue subscriber even if their blue tick has been hidden
Agthia Group profit vaults 6.6%
The net profit rose to US$39.21m in H1 of 2023.The company's revenue jumped 10.3 percent to $600 million, reflecting a strong volume and value performance from dates
EBITDA growth was ahead of revenue, up 18.3% year-on-year to $87m, reflecting strong growth in profitability across snacking and water
Trust for cryptocurrencies, CBDCs grows in MENA
Favoring CBDCs for efficiency, convenience, and security, 63% of MENA residents believe central banks should introduce them, and 73% are...Favoring CBDCs for efficiency, convenience, and security, 63% of MENA residents believe central banks should introduce them, and 73% are ready to use them, says a survey
UAE has emerged as a regional hub as GCC countries differ in cryptocurrency regulation, adds the CFA Institute survey, seeking engagement for successful CBDC implementation
European LNG imports fall to lowest level since start of Ukraine war
Brussels, Belgium - Europe's liquefied natural gas (LNG) imports fell to the lowest level since the start of the Russian...LNG deliveries fell 7% in July from a year earlier to 8.6 million tons, the least since November 2021, according to ship-tracking data .
This drop coincides with a slide in the regions benchmark gas prices, which have slumped more than 80% in the period.
OERC, Jindal to set up sustainable transport logistics solution
Abu Dhabi, UAE - Oman and Etihad Rail Company (OERC) signed a deal with Jindal Shadeed Iron & Steel (Jindal)...It will allow Jindal to annually transport up to 4 million tons of raw materials and finished products from its steel complex at Sohar Port to the UAE’s markets.
OERC will leverage its rail network to support Jindal in optimizing operational integration through facilitated loading and unloading processes.
In a warming world, is an air-conditioned future inevitable?
Washington, United States - They are ubiquitous in the United States, controversial in Europe and coveted in South Asia. As heatwaves...Air conditioning is responsible for the emission of approximately one billion metric tons of carbon dioxide per year, according to the International Energy Agency (IEA).
The number of air conditioners in the world, about two billion today, is set to skyrocket as temperatures and incomes rise.
