Etihad Atheeb 9M profit $47m
Higher revenues from various segments boosted profit.Company News Business
Masdar, Mitrabara announce JV
The venture targets commercial and industrial segment.The venture will help Masdar expand its presence in Indonesia and support the nation’s clean energy and climate objectives.
Masdar entered the Indonesian market in 2020, forming a joint venture with PT PJBI, a subsidiary of Indonesia’s state electricity company.
Emirates to resume US flights after ‘temporary’ 5G reprieve
Emirates said Thursday it will lift a suspension of flights to several US destinations in a "temporary reprieve" after the...Flights to six destinations will resume Friday, and on Saturday services to Boston, Houston and San Francisco will return to Boeing 777 planes.
The airline announced flight suspensions on Tuesday over concerns that the 5G mobile networks launched by AT&T and Verizon could interfere with altimeters, which measure altitude.
Israel buying 3 military submarines from Germany
The deal includes the purchase of three Dakar submarines, the first of which will be delivered to the Israeli navy...Negotiations on the deal were delayed and complicated by a suspected corruption affair involving Israel's last purchase of German submarines
An alleged massive bribing scheme in Israel's 2012 deal to buy Thyssenkrupp submarines implicated several big fish in the country’s power structure
UAE restructures Securities and Commodities Authority
The Cabinet has approved a decision to restructure the Board of Directors of the Securities and Commodities Authority, under the...The decision will help the Authority in promoting the performance of the financial markets in the country.
The revamped Board will consolidate the UAE’s stature and its global leadership in this field, the authority says
Tadweer inks deals worth $64m
The deals were signed at the eighth edition of EcoWASTE.EcoWASTE 2022, where the deals were signed, was held at Abu Dhabi National Exhibition Centre
It was organized as part of Abu Dhabi Sustainability Week in strategic partnership with Tadweer
Kuwait, Saudi Arabia should develop trade, investment cooperation: KCCI
Chairman of Kuwait Chamber of Commerce and Industry (KCCI) Mohammad Al-Saqer called for more bilateral efforts to achieve the desired...Chairman of Kuwait Chamber of Commerce and Industry (KCCI) Mohammad Al-Saqer called for more bilateral efforts to achieve the desired economic goals
On ongoing economic and political developments in the Kingdom, Al-Saqer noted that the Kingdom is an ideal example to follow
GCC chief stresses importance of serving requirements of joint market
GCC Secretary-General Naif Falah Al-Hajraf with the chairman of the Board of Directors of the FGCCC, Samir Abdullah Nas.The GCC chief has stressed the importance of building a distinctive integrative trade and investment base
The base is expected to complete the requirements of the GCC joint market and develop GCC inter-trade relations
Red Cross hacked
Hackers seized data of more than 515,000 extremely vulnerable people.The International Committee of the Red Cross said the hackers targeted an external company in Switzerland that it contracts to store data
There was no evidence so far that the compromised information had been leaked or put in the public domain
Insta creators can charge subs
The selected creators will be able to sell subscriptions.Social media users whose posts draw large audiences help platforms from Twitch and YouTube to TikTok and Instagram generate revenue
The selected creators will be able to sell subscriptions for access to exclusive content, including live streams
AT&T, Verizon roll out 5G in US without huge impact on flights
On Tuesday, both AT&T and Verizon agreed to scale back the launch of 5G near airports following an outcry from...A handful of international carriers removed flights to the United States from their schedules Wednesday
However, there were no mass cancelations and some of those companies said they planned to resume service on Thursday
