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DAE 9M net profit $310m

The company said this was a 54.9 percent YoY increase in net profit.

ADNEC to acquire ‘Royal Catering’

Royal Catering has more than 2.500 employees.

PIF sets up sarcc company

The new entity will address growing staff accommodation demand.

Boeing to cut 10% of workforce

The company has projected a large third-quarter loss.

AviLease acquires 9 aircraft from Avolon

AviLease had purchased 13 aircraft from Avolon in 2023.
  • Fear pervades West Bank hospital after deadly Israeli raid

    Jenin, Palestinian Territories - A climate of fear pervades a hospital in the occupied West Bank city of Jenin, where patients...

    At the rehabilitation ward at Jenin's Ibn Sina hospital, two patients recalled hearing the screams of a nurse as Israeli forces reached the third floor.

    Such an attack "creates fear and is dangerous for health workers and patients", said Rik Peeperkorn, the UN agency's envoy for the Palestinian territories.

  • WTO chief insists global trade body still counts

    WTO members' trade ministers have their biennial meeting in Abu Dhabi from February 26-29, at which they could put the...

    World Trade Organization is hoping for results from its 13th ministerial meeting in Abu Dhabi, particularly on fishing, agriculture and electronic commerce

    WTO chief said the meeting to be tough due to the "economic and political headwinds", from Ukraine war, the attacks in the Red Sea and economic difficulties in Europe and China

  • Coups, conflicts and crises confront African summit

    Ahead of the gathering in the Ethiopian capital Addis Ababa, African Union Commission head Moussa Faki Mahamat voiced alarm at...

    Gabon and Niger will be absent from the summit following their suspension over coups last year -- joining Mali, Guinea, Sudan and Burkina Faso, which are also barred

    Beyond Africa, the Israel-Hamas conflict in Gaza is a hot topic, with African Union Commission head Moussa Faki Mahamat describing it as a "war of extermination."

  • Missile attack targets ship off Yemen: security agencies

    Friday's strike came as a US decision in January to redesignate the Houthis as "terrorists" formally came into force. The...

    US State Department spokesperson said a missile fired from Yemen "struck the port side of the India-bound, Panamanian-flagged MT Pollux, which was carrying crude oil

    Security firm Ambrey said the Panama-flagged tanker "sustained minor damage" in the missile strike northwest of the Yemeni coastal city of Mokha

  • Gaza health ministry: 5 die in Israeli-raided hospital after oxygen cut

    Five patients from the intensive care unit had died "as a result of the stopping of generators that caused a...

    The Israeli army said Thursday it had launched a "precise" operation in the hospital after receiving "credible intelligence" to suggest hostages had been held inside

    Medical charity Doctors Without Borders said on Thursday that shelling of the Nasser hospital had forced its staff to flee, leaving patients behind

  • Hizbollah chief says Israel to pay ‘with blood’ for Lebanon civilians killed

    Nasrallah said the killing of civilians was aimed at "putting pressure" on Hizbollah to stop attacks on Israel, but stressed...

    He warned that his movement has "precision-guided missiles that can reach... Eilat", on Israel's Red Sea coast, beyond the northern towns it usually targets in retaliatory strike

    Hamas ally Hizbollah and its arch-foe Israel have been exchanging near-daily fire across the border since the Israel-Hamas war broke out on October 7

  • Recognizing Palestine state not a taboo for France, says Macron

    "The recognition of a Palestinian state is not a taboo for France," he said at a joint press conference in...

    His comments come after Benjamin Netanyahu rejected a plan for international recognition of such a state, following reports of such an initiative in The Washington Post.

    Macron also repeated a warning against Israel attacking the city of Rafah, the southernmost point in the besieged and bombarded Palestinian territory of Gaza.

  • A royal decree dissolves Kuwait parliament as political wrangling persists

    Kuwait City, Kuwait--Kuwait dissolved parliament on Thursday after a protracted stalemate between cabinet ministers and lawmakers dragged on despite the accession...

    According to KUNA, the official news agency, a "royal decree was issued to dissolve the national assembly" elected in June of 2023

    The royal decree came after ministers boycotted a parliamentary session on Wednesday, objecting to a speech delivered by a lawmaker

  • Iran, Armenia eye $3 billion bilateral trade volume

    Tehran, Iran – Deputy Prime Minister of Armenia Mher Grigoryan on Thursday said that Iran and Armenia have the potential...

    Grigoryan made the remarks during the 18th meeting of the Iran-Armenia Joint Economic Commission where he also described Iran as “a very important partner.”

    The 18th meeting of the Iran-Armenia Joint Economic Commission was held on February 14-15 in Tehran to further foster economic ties between the two countries

  • Israel faces fresh US calls against attack on Rafah

    Palestinian Territories - Israel faced renewed calls from key ally the United States on Friday against launching a large-scale attack...

    Israeli Prime Minister Benjamin Netanyahu has insisted he would push ahead with a "powerful" operation in the overcrowded city to achieve "complete victory" over the Hamas

    The White House said US President Joe Biden had spoken by phone with Netanyahu late Thursday, urging him not to carry out an attack on Rafah without a plan to keep civilians safe