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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.

Masdar issues $1bn bond

Its green bond program hits $2.75 billion.

Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

UAE says global pacts can help face labor related challenges

The UAE highlighted the significance of complying with international work standards and developing partnerships that empower countries to overcome the...
  • The UAE said that it is important to guarantee the rights of employers and employees.
  • Global cooperation would help in reducing inequality and discrimination that employees may be exposed to.

ISO Annual Meeting 2022 to begin Monday in UAE, trade on agenda

The International Organization for Standardization (ISO) Annual Meeting 2022 starts Monday at the ADNOC Business Center in UAE's Abu Dhabi.
  • Hosted by UAE Ministry of Industry and Advanced Technology (MoIAT), the ISO Annual Meeting 2022 runs from September 19 to 23.
  • The event will witness the participation of over 2,000 delegates physically and virtually.

Activists thwarts offloading of Russian gas in Finland

HELSINKI, FINLAND - Activists from environmental group Greenpeace blocked a shipment of Russian gas from unloading at a liquefied natural...
  • The activists demanded Helsinki stop importing Russian gas after Russia's President Vladimir Putin invaded Ukraine more than six months ago.
  • The director for the terminal's operator, Manga LNG, Mika Kolehmainen, said the action took place around 7:00 am (0400 GMT) at Tornio port.

Jebel Ali Free Zone propels automotive markets growth

Jebel Ali Free Zone (Jafza), facilitated over 1.2 million metric tonnes (MT) from Dubai’s total volume of around 4.8 million...
  • Jebel Ali Free Zone (Jafza) logistics infrastructure and global trade network have connected African, Asian and Middle Eastern traders to consumers globally.
  • With companies from 70 countries and a workforce of nearly 8,000, Jafza’s infrastructure and trade volumes are an attraction for industry giants.

World Green Economy Summit to discuss food security

The eighth World Green Economy Summit (WGES) will explore ways to improve global food security, sustainability of the food systems...
  • WGES brings together global decision-makers and influencers to share their experiences to mitigate global food crises.
  • The UAE plays a crucial role in addressing the issues relating to global food security.

Stocks mostly slide; pound hits 37-year dollar low

Stock markets mostly slumped Friday, while the British pound tanked to a 37-year dollar low as weak UK retail sales...
  • Sales by volume dived 1.6 percent in UK last month, more than triple expectations.
  • Sterling has hit a series of 1985 lows in recent weeks, also as the US Federal Reserve implements aggressive hikes interest rate hikes.

UAE participates in G20 Finance Track’s Infrastructure meeting

UAE Ministry of Finance (MoF) participated in G20 Finance Track’s fourth and last Infrastructure Working Group (IWG) meeting for 2022...
  • The members of the Infrastructure Working Group deliberated the progress made on scaling up sustainable infrastructure investments.
  • The IWG also discussed means of promoting private sector investment in sustainable infrastructure.

India to invite UAE as ‘guest country’ at G-20 Summit

India, the incoming President of the Group of Twenty (G-20) announced that it will invite the UAE as one of...
  • The G-20 accounts for 85 percent of global GDP, 75 percent of international trade and two-thirds of the world population.
  • This is the first of a series of announcements being made by India preparatory to its assumption of the G-20 Presidency on December 1, 2022.

The ‘majestic’ Singapore orchid named in honor of Queen Elizabeth

After Queen Elizabeth II's death last week, the city-state's Botanic Gardens loaned a towering sprig of Dendrobium Elizabeth to the...
  • After Queen Elizabeth II's death last week, the city-state's Botanic Gardens loaned a towering sprig of Dendrobium Elizabeth to the British high commissioner's residence
  • The orchid hybrid, with twisted Dresden-yellow petals and a uranium-green lip, was named in honor of the queen when she visited Singapore in 1972

UN urges EU against fossil fuels in energy crisis

The UN urged EU countries on Monday to continue battling climate change and not resort to more fossil fuels in...
  • Moscow's invasion of Ukraine has seen the price of natural gas hit record levels, throwing the European Union economy into deep uncertainty.
  • Before the war, 40 percent of the EU's gas imports came from Russia.

Scientists launch hub to channel quantum power for good

GENEVA, SWITZERLAND – Scientists will work to channel the huge emerging power of quantum computers for the common good at a...

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Arab ministers meet in Jordan, seek resolution to Gaza conflict

AMMAN, JORDAN  – Foreign ministers from key Arab nations – including Saudi Arabia, the United Arab Emirates, Egypt, Qatar, and...

AI to contribute in enhancing low-emissions development

BONN, GERMANY - Artificial intelligence (AI) can make substantial contributions to climate-resilient and low-emissions development.UN Climate Change’s Initiative on Artificial...

Global energy meet discusses way forward to net-zero emissions

VIENNA, AUSTRIA – High-level representatives from the member states of the United Nations Industrial Development Organization (UNIDO), international organizations, experts...

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195 die in Israel strikes on Gaza camp, hundreds wounded

The Hamas government in Gaza said that 195 people had been killed in Israeli strikes this week on Jabalia refugee...
  • Ambulances were set to rush several dozen patients to Egyptian hospitals, and about 400 foreigners or dual nationals were expected to escape.
  • Egypt said that eventually it hoped to help evacuate 7,000 foreigners from over 60 countries from the densely crowded territory of 2.4 million people.

Drought forces Panama Canal operator to cut ship traffic

Panama City, Panama - The operator of the Panama Canal, the passageway for cargo ships between the Atlantic and Pacific oceans,...
  • Traffic will be reduced to 25 ships a day from Friday, down from 29, and will drop to 18 ships a day by February, the Panama Canal Authority said
  • The 50-mile (80-kilometer) long waterway provides direct access between the Atlantic and Pacific oceans, bypassing the South American continent

Nordic countries announce deal to strengthen repatriation of refugees

COPENHAGEN, DENMARK - Nordic migration and justice ministers on Tuesday announced a deal to strengthen efforts for migrants to return to...
  • Denmark has spearheaded harder lines on migrants in the Nordics and stepped up initiatives to discourage immigration.
  • The first of the three initiatives was to increase collaboration between migration attaches responsible for deportation in the Nordic countries.