The company said traffic recovery supported resilience.
- Dubai, UAE -- Emirates NBD Egypt S.A.E., a 100 percent owned subsidiary of Emirates NBD Bank has entered into definitive...
Budapest, Hungary -- Hungarian low-cost airline Wizz Air said Monday that it would end its Abu Dhabi operations, which have...The airline will exit its  Abu Dhabi hub starting from September.
The seventh biggest European airlines in terms of daily flights operated around 30 routes in the Middle East.
Damascus, Syria -- Syria signed a $800 million deal with UAE-based company DP World on Sunday to develop the port...DP World operates dozens of marine and inland ports and terminals globally, particularly in Asia, Africa and Europe.
The Syrian civil war devastated the country's infrastructure, and the new authorities hope to use the lifting of Western sanctions to attract investments and fuel reconstruction.
Paris, France -- The first-ever Birkin bag designed by French luxury brand Hermes for celebrity Jane Birkin sold for 8.58...The modern design classic, owned by a Paris-based handbag collector, sparked a telephone bidding war up to seven million euros, with the final sale price set at 8.58 million.
The final buyer, who eclipsed eight other rivals, was a "private collector from Japan", the auction house added, without giving further details.
- Robust demand for AI technology behind the surge.
In its latest annual report on the outlook for oil demand, OPEC sees global oil demand rising by 18.6 percent...That rising demand will be "driven by expanding economic growth, rising populations, increasing urbanization, and the new energy-intensive industries like AI.
The IEAÂ said last month that it expects global oil demand begin to decline in 2030, driven by the rise of electric cars and the shift away from crude to produce power.
- New Delhi, India -- The Indian Premier League's business value has been estimated at $18.5 billion with reigning champions Royal...
The world's richest cricket tournament generated an estimated $11 billion a year for the Indian economy in 2020.
Since it launched in 2008 it has inspired a range of other franchise-based leagues in India in sports as diverse as boxing, badminton, poker and kabaddi.
Geneva, Switzerland - The purchase of physical assets was eclipsed last year by a surge in investment in intangible items...Intangible investment across 27 high- and middle-income economies grew about three percent in real terms last year, reaching $7.6 trillion, up from $7.4 trillion a year earlier.
In 2024, the United States led in absolute levels of intangible asset purchases, investing nearly double what runners-up France, Germany, Japan and Britain pumped into such assets.
After Congress gave Trump a big win last week with his fiscal package, the Republican's aggressive trade posture has returned...But stocks pushed higher nonetheless, with Nvidia jumping 2.5 percent to top $4 trillion in market capitalization on investor bullishness over Artificial Intelligence (AI) growth.
Briefing.com analyst Patrick O'Hare said investors are not "overly concerned" about Trump's latest tariff threats.
While Trump imposed a sweeping 10 percent tariff on goods from almost all trading partners in April, higher rates customized...On Monday night, Trump had told reporters at a dinner that the August 1 deadline was "firm, but not 100 percent firm."
Pressed on whether the letters were his final offer, Trump replied: "I would say final -- but if they call with a different offer, and I like it, then we'll do it."
Dubai, UAE -- Dubai Islamic Bank (DIB) has announced the successful completion of a landmark US$1 billion syndicated term-finance facility...The five-year facility is an innovative transaction, partially guaranteed by a Policy-Based Guarantee (PBG) from the Asian Development Bank (ADB).
DIB acted as the Sole Islamic Global Coordinator and alongside Standard Chartered also served as the Joint Mandated Lead Arranger and Bookrunner.
