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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.
  • In Egypt, Brazil’s president denounces Israel’s Gaza war

    Speaking before an Arab League meeting in Cairo, President Luiz Inacio Lula da Silva, on his second trip to Egypt...

    The Brazilian leader said in the speech "stop the collective punishment"

    Lula, in November, accused Israel of committing the "equivalent of terrorism" in Gaza

  • Israel PM spurns global recognition of a Palestinian state

    In a post in Hebrew on social media platform X, Israel's Prime Minister Benjamin Netanyahu said that the Jewish country...

    His comments follow a similar rejection by far-right ministers Itamar Ben-Gvir

    The Washington Post reported that the US and Arab diplomats were working on a plan for peace

  • Record number of West Bank outposts set up in 2023, says Israel NGO

    Jerusalem - Israeli settlers established a record number of wildcat outposts in the occupied West Bank in 2023, a watchdog...

    Twenty-six settlements not recognized by the Israeli government were established last year, including around 10 since the war in the Gaza Strip broke out.

    Peace Now said 2023 saw the highest number of wildcat outposts -- those established without the approval of the Israeli authorities -- since it began in 1996.

  • Indian PM Modi seeks enhancing of ties in Qatar visit

    Doha, Qatar - Indian Prime Minister Narendra Modi on Thursday committed to strengthening ties with Qatar during his first visit to...

    The visit follows the release earlier this month of eight Indian ex-navy personnel arrested by Qatar and sentenced to death, according to India's foreign ministry.

    The premier also thanked Sheikh Tamim bin Hamad Al-Thani for hosting the 800,000-strong Indian community in the tiny Gulf state.

  • Hizbollah commander among 10 dead in Israeli strike on Lebanon

    BEIRUT, LEBANON -  A Hizbollah commander, two other fighters and seven civilians were killed in an Israeli strike in south Lebanon,...

    The same Hizbollah commander had previously been targeted and wounded in an Israeli strike in the southern Lebanon town of Nabatiyeh a week earlier.

    Ali al-Debs and the other two fighters were killed Wednesday night by an IDF aircraft on a Hizbollah military structure in Nabat, the Israeli military said.

  • Tunisia gets new central bank chief amid economic crisis

    TUNIS, TUNISIA -  President Kais Saied on Thursday appointed a new governor of the central bank of Tunisia, a north African...

    Fethi Zouhair Nouri, a 69-year-old member of the central bank's board, will succeed 64-year-old Marouane Abassi.

    Tunisia has grappled with a growing economic crisis following the COVID-19 pandemic, political tensions.

  • 99 journalists killed in 2023, 72 in Israel-Hamas war alone

    "The immense loss suffered by Palestinian journalists in this war will have long-term impacts for journalism not just in the...

    The 72 journalists killed in the Israel-Hamas conflict also include three Lebanese and two Israeli victims, the organization said

    Killings of reporters would have dropped globally year-on-year had it not been for the deaths in Gaza, Israel and Lebanon, the CPJ said

  • Saudi Arabia’s Madinah, KAEC, Al-Ahsa join UNESCO global network of learning cities

    RIYADH, SAUDI ARABIA - The United Nations Educational, Scientific and Cultural Organization has announced that the cities of Madinah, King...

    Saudi Arabia now boasts five cities enlisted in the UNESCO GNLC, contributing to the goal of equipping globally competitive citizens.

    Previously, Yanbu Industrial City was designated as a UNESCO Learning City in 2022 and Jubail Industrial City earned the Learning City status in 2020.

  • Six crew members missing after cargo ship sinks in Marmara sea

    The transport ministry said an empty life boat was found during the search. "The rescue operation continues to find six...

    The Batuhan A, which was bringing dry cargo from Balıkesir's Marmara Island to Bursa, sank off Imrali island, south of Istanbul

    Bursa governor Mahmut Demirtas said authorities received an "emergency" signal from the vessel but then lost contact

  • India PM inaugurates grand temple in Abu Dhabi

    According to the UAE authorities, the grand temple carved from pink stone spreads over an area of 55,000 square metres...

    The temple is in Abu Mureikha, near the motorway to the neighbouring emirate of Dubai

    Modi met UAE president Sheikh Mohamed bin Zayed Al Nahyan on Tuesday