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Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

Qatar Airways annual profit $2bn

This was a record 28% jump in annual net profit.

Saudi GACA issues air carrier, airport classifications for December 2023

RIYADH, SAUDI ARABIA - The General Authority of Civil Aviation (GACA) issued its monthly classification index for air transport service...

Eid holidays boost Gulf tourism as COVID curbs ease

From overseas to the domestic circuit, the tourism industry in the Gulf Cooperation Council is witnessing a welcome resurgence, especially...
  • Gulf citizens are looking to spend Eid al-Fitr abroad after being compelled to stay home for the past two years
  • This year’s Eid al-Fitr holiday witnessed high occupancy in the UAE hotel sector, driven by strong domestic tourism demand

Boeing shares dive on $1.2bn loss

The company is set for recovery in 2022-23, said analysts.
  • Boeing shares finished 7.5 percent lower at $154.46, beyond the expectations of analysts as the firm is delaying release of its 777X model
  • Boeing will lift production of 737 MAX in next quarter of this year as it has reported a jump in the plane deliveries during the first quarter

Etihad Engineering partners with Touchdown Aviation for aircraft parts

Touchdown Aviation (TDA) will provide Etihad Engineering supply chain solutions locally in Abu Dhabi, to ensure the availability of high...
  • Etihad Engineering has successfully completed maintenance projects over the years for airlines from all over the world.
  • The company's state-of-the-art 500,000 sqm facility is located in Abu Dhabi, adjacent to Abu Dhabi International Airport.

EU passengers can claim compensation for delays even outside Europe

EU travelers who book flights through a European airline can claim compensation in the event of a major delay of...
  • The European Court of Justice said that the entirety of a journey that was subject to a single reservation fell under the EU's rules on flight delays.
  • The court was hearing a case that involved a journey booked through German carrier Lufthansa for three passengers from Brussels to San Jose in California.

JetBlue makes $3.6bn bid for Spirit Airlines, upstaging Frontier deal

JetBlue Airways announced Tuesday a bid to acquire Spirit Airlines for $3.6 billion, setting up a bidding war with Frontier...
  • The all-cash bid of $33 a share marks a 52 percent premium of Spirit's price prior to its February 7 announcement of the deal with Frontier
  • Frontier opposed JetBlue announcement and said its proposed merger with Spirit remained "in the best interest of consumers and shareholders

A jet with 132 people on board crashes in China

A China Eastern passenger jet carrying 132 people crashed in southern China on Monday, aviation authorities said, with state media...
  • The Boeing 737 flight from Kunming city to the southern hub of Guangzhou "lost airborne contact over Wuzhou" city in the Guangxi region
  • One villager told a local news site that the plane involved in the crash had "completely fallen apart"

Saudi ratifies protocols on Convention on International Civil Aviation amendments

The first protocol stipulates raising the number of members of the International Civil Aviation Organization (ICAO) Council from 36 to...
  • The first protocol stipulates raising the number of members of the International Civil Aviation Organization (ICAO) Council from 36 to 40 members
  • The second protocol provides for raising the number of members of the Air Navigation Commission from 19 to 21 members

GCC airfares soar as oil prices rise

The amplifying factors include sanctions against Russia’s aviation sector, which cast a global pall over the aviation industry.
  • Several Arab airlines have decided to raise the prices of their tickets slightly
  • Kuwait’s Jazeera Airways increased fares to all destinations from March 7

Emirates to launch daily flights to Israel from June 23

Emirates will offer multiple daily and weekly flights throughout Australia, India, Philippines, Thailand and South Africa, many of which are...
  • Emirates will operate its three-class Boeing 777-300ER on the route, featuring eight private suites in First Class.
  • The new service to Tel Aviv will also provide 20 tonnes of cargo capacity on each flight, providing channels for Israeli businesses.

Qatar signs air services agreement with Jordan

The agreement is said to have been formally signed in Qatar’s capital city Doha.
  • The Acting Chairman of Qatar’s General Authority of Civil Aviation, Mohammed Al-Hajri, inked the deal for his country
  • Jordan’s Civil Aviation Regulatory Commission CEO Haitham Misto signed the agreement on behalf of his country

Saudi GACA issues air carrier, airport classifications for December 2023

RIYADH, SAUDI ARABIA - The General Authority of Civil Aviation (GACA) issued its monthly classification index for air transport service...

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One pilot dead in helicopter crash off Dubai coast, another missing

The pilots of Bell 212 helicopter -- an Egyptian and a South African -- had been on a training flight...

Abu Dhabi to unveil one of world’s biggest airport terminal

Dubai, UAE - An airport terminal able to handle up to 45 million passengers a year will open in Abu Dhabi...

Kuwait Airport expects 13% rise in passenger numbers, says DGCA

KUWAIT CITY, KUWAIT - Kuwait's Director General of Civil Aviation (DGCA) expected that the total passenger traffic to and from...

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Air Arabia Q2 profit $125m

The company’s turnover during the second quarter was $380m.
  • The profit increased by 187 percent compared to AED160 million ($43.56m) net profit reported for the same period last year.
  • The company’s turnover for the same period increased by 25 percent, as the strong demand for air travel continued.

Saudia raises seat capacity by 10%

The number of domestic, international flights will rise.
  • This would be a 10 percent increase in the number of seats on a year-on-year (YoY) basis, the airlines said in a statement.
  • Saudi Arabian Airlines said that more than 4.2 million seats would be added to international flights.

Airlines face trouble in Europe over greenwashing charges

PARIS, FRANCE - European airlines have been hit by a consumer complaint filed with the EU's executive arm accusing the 17...
  • The European Consumer Organization, or BEUC, said the claims made by the airlines breach EU rules on unfair commercial practices.
  • The BEUC called for a Europe-wide investigation and for airlines to "stop making claims that give consumers the impression that flying is sustainable".