Indian airline IndiGo orders 30 Airbus A350 widebody planes
New Delhi, India -- Indian airline IndiGo said on Sunday it had signed an order for 30 more Airbus A350-900s,...
Business
Syria inks $7 bn energy deal with Qatari, Turkish, US firms
The agreement was sealed at the presidential palace in Damascus in the presence of interim President Ahmed al-Sharaa and US...
Business
Economy
Abu Dhabi’s private sector grows by over 35 percent in 2023
ABU DHABI, UAE – The Abu Dhabi Department of Economic Development (ADDED) organized, in collaboration with Abu Dhabi Investment Office...
- Al Multaqa Meetings empower Abu Dhabi to accelerate economic growth, by providing a platform to support investment.
- Supported by private sector and family-owned businesses, Abu Dhabi’s non-oil sectors is going from strength to strength.
Business
CBI, zypl.ai ink partnership
The pact aligns with CBI’s plan to support innovation in UAE.
- CBI, zypl.ai partnership signifies a strategic entry into using AI implementation for advanced credit scoring.
- CBI plans to further enhance operational efficiencies to ensure a swift and seamless lending experience.
Business
Samsung expects 10-fold jump in Q1 profit
It expects operating profits to jump to US$4.89bn.
- The company expects January-March operating profits to climb 931.3 percent to $4.89 billion
- The South Korean firm is expected to release its final earnings report at the end of this month
Business
Electric cars credited with lower CO2 emissions in US neighborhoods
LOS ANGELES, US – The booming use of electric vehicles in parts of California is reducing CO2 emissions in those areas,...
- Scientists at the University of California, Berkeley, say a network of sensors has logged a small drop in the volume of carbon dioxide.
- Carbon dioxide is one of the main contributors to global warming, the human-caused phenomenon of rising temperatures.
Business
Britain expands investigation into Vodafone-Three UK merger
London, United Kingdom - Britain's competition regulator deepened Thursday its probe into Vodafone's planned merger of British mobile phone operations with...
- The watchdog had warned last month that the deal could have a "substantial" impact on competition and may lead to higher prices and also reduced quality for consumers.
- The merger, if approved, will vault the combined operations above the country's two largest mobile operators BT EE and Virgin Media O2 in terms of customer numbers.
Business
ahli islamic introduces Sharia-compliant Money Market Fund
MUSCAT, OMAN – As part of its investment solutions and Sharia-compliant products and services, ahli islamic, ahlibank’s Islamic banking window,...
- ahli islamic customers now have the opportunity to invest and gain exposure to attractive local and regional profit rates.
- With its lucrative returns, the new Islamic Money Market Fund is for those seeking Sharia-compliant investments.
Business
RAKBANK, DP World sign pact
The aim is to offer trade finance solutions to businesses in UAE.
- This strategic partnership leverages DP World's extensive trade network and real-time data insights.
- It empowers RAKBANK with enhanced risk assessment capabilities and streamlined access to financing.
Business
Apple explores making personal robots
It is working on a robot that may be helpful to people.
- Apple is reported to have transferred employees from the shuttered car division to generative artificial intelligence projects
- The robot project is being overseen by Apple’s hardware engineering division and its AI and machine learning group
Business
OPEC+ decides to keep oil production levels unchanged
Vienna, Austria--The participants of the 53rd Meeting of the Joint Ministerial Monitoring Committee (JMMC) of the Organization of the Petroleum...
- The Joint Ministerial Monitoring Committee of OPEC+ agreed to keep current oil production levels unchanged
- It lauded Russia for announcing that its adjustments in the next few months will be based on production instead of exports
Turkish Airlines profits soar
In December, the airline ordered 230 Airbus planes.
- The airline posted revenues of $20.9 billion last year, up 13.6 percent on 2022's figure
- The airline is controlled by the country's wealth fund, which owns 49.1 percent of shares
Indian airline IndiGo orders 30 Airbus A350 widebody planes
New Delhi, India -- Indian airline IndiGo said on Sunday it had signed an order for 30 more Airbus A350-900s,...
Business
Company News
Goldwind 2024 revenue up 12.5%
Business
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Emaar to pay $2.39bn dividend
Business
Aramco acquires stake in BHIG
Business
ADNOC L&S okays $273m dividend
Business
Hermes overtakes LVMH as world’s most valuable luxury group
Paris, France -- French group Hermes overtook LVMH as the world's most valuable luxury company on Tuesday after shares in...
Business
Travel and tourism sector contributes 11.4 percent to Gulf’s GDP
Muscat, Oman -- Travel and tourism sector's contribution to the Gulf's GDP by the end of 2024 reached approximately 11.4 percent,...
Ajman real estate transactions reach $560 million in March
Ajman, UAE -- Real estate transactions in Ajman reached AED 2.06 billion ($560 million) in March 2025, marking a significant...
Business
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Business
US exempts several consumer electronics from Trump’s import tariffs
Washington, United States -- The Trump administration has exempted a raft of consumer electronics from its punishing import tariffs --...
- US Customs and Border Protection office said smartphones, laptops, memory chips and other products would be excluded from the global levies President Donald Trump rolled out a week
- The exemptions will benefit US tech companies like Nvidia and Dell, as well as Apple, which makes iPhones and other premium products in China.
Business
EU to probe use of personal data by X’s AI chatbot
Ireland's data protection watchdog, acting on behalf of the European Union, launched an inquiry Friday into the use of personal...
- The probe relates to the processing of personal data comprised in publicly-accessible posts posted on the 'X' social media platform Grok
- As X has its European headquarters in Ireland, the country's data protection commission is the lead regulator in Europe for the social platform
Business
Why investors rush to gold in uncertain economic times?
London, United Kingdom -- Why do investors flock to gold when economic times turn tough? As the precious metal reaches...
- On Friday it struck an all-time high of $3227.51 an ounce in trading, handing the commodity a gain of more than 20 percent since the start of the year.
- In 2024, global central banks together added more than 1,000 tons of gold to their reserves for the third year running, according to the World Gold Council.