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Aviation

BP announces $7bn gas project

The project aims to unlock 3 trillion cu ft of gas resources in Indonesia.

Lulu Retail Q3 profit $35m

For the nine-month period, net profit increased by 73.3%.

Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.

Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.

Avia to buy 40 Boeing aircraft

The transaction for the purchase of 737 MAX 8 jets valued at $4.9bn.

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.