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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.
  • More than 50 people killed in Israeli strikes on Rafah

    Witnesses heard an intense series of strikes and saw smoke billowing above the city, which now hosts more than half...

    Israeli military said that it had conducted a series of strikes in the Gaza Strip

    Israeli PM Benjamin Netanyahu has ordered his army to prepare a ground offensive on Rafah

  • India says Qatar freed eight ex-navy personnel

    "The Government of India welcomes the release of eight Indian nationals working for the Dahra Global company who were detained...

    In October, India said it was "shocked" after a Qatari court had sentenced them to death, but the sentence was reduced in December

    The Hindu newspaper reported the men were spying for a "third country", while the Times of India has said that "they were accused of spying for Israel."

  • Saudi Arabia sends $250m to bolster Yemeni government

    Saudi Arabia said it had disbursed $250 million in aid to the internationally-recognized government in Yemen. The money follows an...

    The Yemeni government relocated to Aden, a port city on the southern coast, after the Iran-backed Houthis seized the capital Sanaa in 2014.

    In 2015 Saudi Arabia mobilized an international coalition intended to oust the Houthis.

  • IMF chief says Israel-Hamas war ‘devastating’ Palestinian economy

    "The Palestinian economy's dire outlook is worsening as the conflict persists," managing director Kristalina Georgieva told the World Governments Summit...

    In the war-ravaged coastal territory, economic activity dropped 80 percent from October through December compared with a year earlier, the IMF chief said.

    The IMF now sees the economies of the region expanding 2.9 percent this year, a decrease of half a percentage point from its October forecast.

  • UN’s IMO working ‘tirelessly’ to solve Red Sea crisis: head

    Yemen's Houthi rebels, supported by Iran, have launched dozens of attacks against ships in the Red Sea since November, targeting...

    Secretary General Dominguez said IMO is working to ensure that "parties continue to talk so that the situation does not degenerate any further"

    Many shipowners have decided to stop operating in the Red Sea, instead sending their ships on the longer route around the south of Africa

  • Climate change parches Morocco breadbasket amid policy pitfalls

    Berrechid, Morocco -- Around this time every year, Moroccan wheat farmer Abderrahim Mohafid is usually preparing for his spring harvest, but...

    Morocco has seen only about half the rainfall it did during the same period last year, the country's water minister Nizar Baraka told AFP.

    The sector accounts for 14 percent of Morocco's exports, with exported produce seen as more profitable than that sold in domestic markets.

  • Israel offensive on Lebanon would ‘spell end’ of Netanyahu, says Iran’s FM

    Amir-Abdollahian met top officials in Beirut including Hizbollah chief Hassan Nasrallah and parliament speaker Nabih Berri, a powerful ally of...

    The minister said that any move by Israel on Lebanon will spell the "end of Netanyahu"

    He was on his third visit to Beirut in over four months of hostilities

  • Hamas official in Lebanon survives Israeli strike

    While the Israel-Lebanon violence has been largely contained to the border area, a strike earlier on Saturday hit the coastal...

    An Israeli drone strike killed one person and wounded nine others in a southern border village

    Israeli forces and Hezbollah have traded near-daily fire since war broke out on October 7

  • Israel PM pledges ‘safe passage’ for Rafah civilians

    Israel's massive military offensive in Gaza as per the territory's health ministry has killed at least 28,064 people, mostly women...

    Gaza's authorities warned of "tens of thousands" of casualties in Rafah

    EU's Josep Borell said an offensive there "would lead to an unspeakable humanitarian catastrophe"

  • UN agency boss should quit over Hamas ‘tunnel’: Israel

    Israel's army and the Shin Bet security agency said operations in Gaza City in recent weeks had led to the...

    Israel Katz rejected UNRWA commissioner general's claim that he was unaware of its presence

    Lazzarini said the agency had not operated from the compound since October 12