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Aviation

Emirates’ first A350 takes flight

The airline operated the inaugural flight from Dubai to Edinburgh.

NDMC arranges $2.5bn credit facility

The Shariah-compliant facility spans a tenure of three years.

Kamco Invest launches two funds

Kamco's assets under management surpass SAR 1bn.

SHUAA okays MCB tranches

The two tranches will be converted into equity at the earliest opportunity.

Honda shares soar 16%

The surge came after the auto giant announced a $7bn buyback.

Airlines expected to carry 4.7 billion passengers in 2024: IATA

"Some 4.7 billion people are expected to travel in 2024, an historic high that exceeds the pre-pandemic level of 4.5...

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Syria’s Aleppo airport operational after Israeli air attack

DAMASCUS, SYRIA - Syria's Aleppo airport, a key conduit for relief flights after the devastating February earthquake, reopened on Friday, an...

Dubai airport arrivals double in 2022 as more Russians pour in

The UAE has maintained a neutral stance towards Russia's war in Ukraine, which is nearing its one-year anniversary. The Gulf...

Air Arabia 2022 net profit $326m

FY'22 turnover rose to $1.4 billion, up 65 percent YoY.

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Boeing posts Q4 loss of US$634m

Firm confirmed its 2023 outlook amid strong aviation demand.
  • Boeing said its commercial plane business was dented by "abnormal costs".
  • It said "labor instability and supply chain disruption" weighed on its defense, space and security unit.

Iraq finalizes fresh air deals with Gulf countries

BAGHDAD, IRAQ - The Civil Aviation Authority announced the work to conclude new air agreements with the Gulf states. A spokesman...
  • A spokesman for the Civil Aviation Authority said We have agreements with all Gulf countries and all Gulf national carriers that land in Iraqi airports
  • He added that in the future, there may be air agreements with Kuwait as well.

Flynas passenger growth 91% in 2022

The airline launched 16 new destinations and 30 new routes.
  • It reported an increase of 91 percent in its passengers to 8.7 million.
  • The firm's flights expanded by 45 percent to 66,000 and seat capacity by 46 percent.