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TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.

IHC Q1 net profit $2.17bn

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Amazon triples quarterly profit

The company's cloud, ads, and retail businesses thrive.

UAE extends ban on flights from India, 13 other countries

    A notice to airmen (NOTAM) issued by the UAE civil aviation authority informed the airlines of suspension of flight services to and from 14 countries including India till July 21 in view of the Covid second wave.

    In India, the expats have been affected badly following the suspension of regular flights between the UAE and India since late April, media reports in the country said.

    “Though one-way cargo flights to the UAE are allowed to bring passengers to India on return trips under the bilateral air bubble pact, the Non-Resident Indians are reluctant to book tickets during the forthcoming festival season anticipating the third wave of Covid,” a report in The New Indian Express said.

    The UAE has been trying hard to keep the Covid cases under control and it fears that allowing flights from the worst-hit countries will torpedo the prospects of its economic recovery.