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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.
  • Iran fires first ship-based long-range ballistic missiles

    TEHRAN, IRAN - Iran's Islamic Revolutionary Guard Corps (IRGC) said on Tuesday it has launched long-range ballistic missiles from a warship...

    The Iranian military exercises come at a time of regional tensions since the outbreak of the Israel-Hamas war on October 7.

    Iran does not recognize Israel and has long fought a shadow war of killings and sabotage against it.

  • Global conflicts herald ‘dangerous decade’, says military think-tank

    "The current military-security situation heralds what is likely to be a more dangerous decade, characterized by the brazen application by...

    The International Institute for Strategic Studies (IISS) said in its annual "Military Balance" report that the world has entered "a highly volatile security environment",

    Elsewhere, the annual report said that Iran's supply of missiles to Houthi rebels in Yemen and drones to Russia highlighted Tehran's growing influence in conflict zones

  • Displacement, health crisis in Sudan is alarming, says WHO

    GENEVA, SWITZERLAND – Acting WHO Representative in Sudan Peter Graaff has said that the humanitarian and health crisis in the...

    Sudan is now facing the largest displacement crisis globally, with a staggering 8 million people displaced.

    The majority of those affected, including women and children, are compelled to embark on days-long journeys to escape violence.

  • Israeli air strike wounds Hizbollah official in Lebanon

    Hizbollah and Israeli army have traded near-daily fire since war broke out on October 7 between Israel and the Palestinian...

    Hizbollah also said four of its fighters were killed in an Israeli strike

    Cross-border fire since the start of the Israel-Hamas war has killed at least 238 people in Lebanon

  • UN ‘won’t be party’ to forced displacement in Gaza: spokesman

    Israeli Prime Minister Benjamin Netanyahu has ordered his military to prepare for an offensive in the southern Gaza city, where...

    Israeli prime minister pledged to provide "safe passage" for civilians out of Rafah

    Guterres' spokesman said that people can't go back to areas littered with unexploded ordnance

  • Jordan’s king urges Gaza ceasefire in talks with Biden

    Speaking at the White House while US President Joe Biden stood next to him, King Abdullah of Jordan said that...

    The US has refused to call for a full ceasefire, angering allies in the Middle East

    It was Abdullah's first face-to-face meeting with Biden since the October 7 attack

  • West Bank crisis deepens with Israeli employment ban

    As the West Bank grapples with its worst economic crisis in two decades, sparked by Israel's ban on Palestinian day...

    As the West Bank grapples with its worst economic crisis in two decades, sparked by Israel's ban on Palestinian day laborers, poverty and despair escalate.

    The move, a response to security concerns after Hamas attacks, leaves approximately 120,000 Palestinian workers and their families in dire straits.

  • Britain sanctions ‘Israeli settlers’ in West Bank

    London, UK - Britain on Monday announced sanctions on four "extremist Israeli settlers" accused of committing human rights abuses against Palestinians...

    The curbs follow what the UK called "unprecedented levels of violence by extremist settlers in the West Bank" over the past year.

    The sanctions represent a rare move by London and Washington against Israelis, as war rages with Hamas in the Gaza Strip.

  • IMF, World Bank say Gaza and Red Sea attacks risk to world economy

    World Bank President Ajay Banga said that "what's going on Gaza, but also the challenges of Ukraine... and the Red...

    The Israel-Hamas war raging since October has already hit the Middle East and North Africa region's economy, the IMF chief said.

    She said that if there are other "consequences in terms of where the fighting goes, it could be more problematic for the world as a whole".

  • Energy transition led Saudi Arabia to halt oil expansion, says official

    RIYADH, SAUDI ARABIA – The Kingdom's surprise decision to halt a planned expansion of its oil production capacity reflects ambitions to...

    Aramco announced on January 30 that the energy ministry had ordered it to maintain production capacity at 12 million barrels per day.

    Officials in the world's biggest crude exporter did not explain the move, leaving analysts to speculate that it reflected lack of confidence