Geopolitical tensions sent oil prices climbing and weighed on equities as investors also continued to worry about prospects for interest...
Sharjah, UAE--The Sharjah Chamber of Commerce and Industry and Thailand have explored ways to boost trade and economic cooperation. In...
Warning travelers around the world of more price pain, the IATA head and Qatar Airways chief have said that the...IATA says airlines posted losses of $180 billion in 2020 and 2021 and expects another $9.7 billion in losses this year
Akbar Al Baker said Hong Kong's aviation sector had been "devastated" by Covid restrictions, the city was no longer a global aviation hub
Hotels in Dubai are reporting an increase in room bookings ahead of the Qatar World Cup 2022, with many expecting...Hotels in Dubai are reporting an increase in room bookings ahead of the Qatar World Cup 2022, with many expecting to be fully booked during the international football event
Spillover demand will undoubtedly be especially for hotel accommodations in cities such as Dubai, Abu Dhabi, Muscat, and Riyadh, says Faisal Durrani of Knight Frank
Abu Dhabi, UAE-- Abu Dhabi National Energy Company (TAQA) has secured $1.09 billion in funding to refinance debt for Mirfa...Mirfa International Power & Water Company (MIPCO), which owns and operates the plant, secured the dollar-denominated financing from nine international and regional lenders.
The funding was utilized to refinance the company’s debt raised in 2014 as part of a soft-mini perm structure, an increasingly popular financing model within the region.
Dubai, UAE--The Marine Agency for Wooden Dhows has facilitated the entry of more than 6,000 wooden dhows during H1, reflecting...Since its establishment in July 2020 by Dubai’s Ports, Customs and Free Zone Corporation (PCFC), the emirate has witness a robust growth in dhow trade, PCFC said.
he Agency supervised the movement of 6,052 wooden dhows during H1 2022, which ferried 1 million metric tons of merchandise from countries across the MENA region and beyond.
The dividend will be paid by 14 Oct to all shareholders.The Group said it is on track to deliver a total dividend of at least AED393.3 million for the full 2022 financial year.
The second and final dividend for 2022 is expected to be paid in April 2023.
It aims to set up a fleet of 50 aircraft in the kingdom.More than a quarter of the flights in the unit will be domestic, with about 50 percent focusing on the wider Middle East and the rest primarily on Europe
The company plans to start its services to Saudi Arabia next week, starting with flights to the Gulf city of Dammam from Rome, Vienna and Abu Dhabi
Nir Zicherman, Spotify's Vice President and Global Head of Audiobooks and Gated Content said it's a starting point to expand...The company's decision to offer audiobooks on a pay-per-download basis is a departure from the monthly subscription model it uses for music and podcasts
Spotify's expansion places it in competition with other audiobook giants including Audible, an arm of Amazon, which currently dominates the market
Seeking to placate the concerns raised by rights groups, the ruler of Qatar has said that all fans will be...Organizing committee and government officials have said that the million plus fans expected to attend the World Cup should respect local cultural norms
The host nation has struggled to convince rights groups with its message that "all will be welcome" despite the law
Some of the greatest minds in the aviation industry took to the stage at this year’s Global Aviation Conference in...Air passenger numbers are expected to exceed 80 percent of pre-pandemic levels this year.
The surge would be driven by strong pent-up demand, eased travel restrictions, and growing employment rates.
Riyadh, Saudi Arabia - Saudi Arabia topped the list of oil suppliers to China for the first time in four...Saudi’s oil exports rebounded last month to 8.475 million tons, or 1.99 million barrels per day (bpd).
The Kingdom remained the biggest supplier to China this year, shipping 58.31 million tons of oil till Aug.
