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Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.
  • UAE airports receive 31.8 million passengers in Q1: CBUAE

    Abu Dhabi, UAE--The UAE airports have received nearly 31.8 million passengers in the first quarter of 2023, a rise of 11.5 million passengers from the same period in 2022, when about 20.4 million passengers were recorded, according to the Central Bank of the UAE (CBUAE).Indicating that the civil aviation sector...
  • India’s IndiGo places record order for 500 Airbus A320

    Indian carrier IndiGo said it had ordered a 500 A320 airliners from European manufacturer Airbus at the Paris Air Show. With a list price of $55 billion- the actual sale prices are usually lower- the deal is the largest ever civil aviation order and a "historic" step for both firms,...
  • Dubai Airshow 2023 to show off latest trends in aerial mobility

    Dubai, UAE-- Dubai Airshow 2023 will show off the latest trends in the advanced aerial mobility (AAM) market as disruptive methods of aerial transportation are becoming the future of aviation.Set to take place from 13-17 November 2023 at Dubai World Central, Dubai Airshow Site, the show will give a peek...
  • Saudi Arabia climbs to 13th rank on IATA air connectivity index

    Riyadh, Saudi Arabia-- Saudi Arabia vaults to the 13th position on the air connectivity index of the International Air Transport Association (IATA) in 2023, up from the 27th position in 2019.In the ranking that includes over 200 countries, the Kingdom achieved a record rise by 14 places. It achieved its...
  • UAE, Peru sign air services agreement to promote bilateral trade

    Lima, Peru - The UAE and Peru signed an air services agreement for cooperation between the two countries and promote intra-trade.Mohammed Abdullah Al Shamsi, UAE Ambassador to the Republic of Peru, signed the deal on behalf of the UAE and Gervasi Díaz, Minister of Foreign Affairs, representing Peru.Al Shamsi pointed...
  • Air Arabia to double fleet

    The plan will boost Abu Dhabi's tourism market.
  • Turkish Airlines ponders buying 600 planes in two months

    ISTANBUL, TURKEY - The chairman of Turkish Airlines said Monday that the company will make a final decision on plans for a record-breaking order of 600 aircraft in two months.The airline is in talks with US aircraft maker Boeing and its European rival Airbus to purchase 400 single-aisle planes along with...
  • Qatar Airways boss skeptical on aviation industry’s 2050 net zero target

    DOHA, QATAR -  Qatar Airways' chief executive on Tuesday doused hopes that the aviation industry can become carbon neutral by 2050, saying he was "very skeptical" about the target.Not enough sustainable aviation fuel is being produced, and technological hurdles remain to using hydrogen as a replacement, Akbar Al Baker told the...
  • easyJet H1 loss $382m

    Aviation sector is flying high after a tumultuous period
  • Masdar, Airbus sign deal

    They will support growth of the sustainable aviation fuel market.
  • FAB summit explores economic opportunities, net zero transition

    ABU DHABI, UAE - First Abu Dhabi Bank (FAB) is hosting a one-day summit that brings together aviation thought leaders and industry stakeholders to explore economic development opportunities as the sector transitions to net-zero. The Aviation Sector Summit, held in collaboration with Boston Consulting Group (BCG), consist of talks, panel...
  • Emirates Group yearly profit $3bn

    The group declared a dividend of $1.2 billion to its owner.
  • Pakistan and Oman agree to boost air travel, promote tourism

    Muscat, Oman -- Pakistan and Oman have agreed to boost air travel between the two countries' airports, reports said.The agreement came after a series of meetings in the Pakistani capital held by officials from both nations. An Omani delegation, led by Naif Ali Al Abri, Chairman of the Civil Aviation...
  • Lufthansa expects summer boom

    The group's first quarter loss dipped to $515m from $644m a year ago.
  • American Q1 profit at $10m

    The airline's revenues were $12.2 billion, up 37 percent.
  • EU agrees to boost use of green aviation fuel to cut emissions

    Aviation emissions in Europe were on an upward curve of around five percent per year between 2013 and 2019, dropping off after that only because of travel curbs under the coronavirus pandemic. Those curbs are now largely lifted, and aviation traffic is bouncing back.
  • Private sector sees 13% increase in Emirati workers

    More than 10,500 Emiratis have joined the private sector since the beginning of 2023, bringing the total number of Emiratis employed in the private sector to over 66,000.
  • Up to $1.7 trillion investment needed for green aviation goals

    To meet the estimated energy demand from hydrogen and electric aircraft in 2050 would require the amount of energy produced from 10-25 of the world’s largest wind farms, or a solar farm half the size of Belgium, WEF says.
  • Air France, Airbus acquitted over 2009 Rio-Paris crash

    PARIS, FRANCE -  Air France and plane manufacturer Airbus were acquitted Monday over the 2009 crash of a Rio-Paris flight after a French court ruled their errors could not be proven as the disaster's cause.While the ruling was expected after prosecutors recommended to the Paris court not to seek a conviction,...
  • Saudi plane hit by gunfire in Sudan unrest, says airline

    A passenger plane preparing to take off from Sudan for Saudi Arabia came under fire as deadly fighting rocked Khartoum, the kingdom's flag carrier said. The Airbus A330 bound for Saudi Arabia "was exposed to gunfire damage... with guests and crew on board" ahead of its scheduled departure to Riyadh,...
  • UAE top Arab investor in Egypt with $28bn investments by Q1

    Abu Dhabi, UAE - The UAE led the Arab region in terms of investments in Egypt, Jamal bin Saif Al Jarwan, Secretary-General of the UAE International Investors Council (UAEIIC) said.It totaled $28 billion at the end of the first quarter of 2023, compared to $20 billion during the same period...
  • New national carrier part of Saudi bid to become a business, tourism magnet

    This month Crown Prince Mohammed bin Salman, unveiled Riyadh Air, the new airline which is intended to transform the capital into "a gateway to the world."
  • UAE issues license for electric vertical takeoff and landing aircraft

    DUBAI, UAE - The UAE Regulations Lab has issued a license for an electric cargo aircraft to promote eco-friendly transportation and enhance the sustainability of the air cargo industry in the country. The license is aimed at reducing carbon emissions by encouraging the adoption of clean energy and leveraging technology...
  • Concept design of the new Riyadh airport estimated to handle 120 million passengers by 2030. (Supplied)

    Saudi to create new airline in pursuit of 100 destinations goal by 2030

    The Gulf kingdom is pursuing ambitious aviation goals as part of Crown Prince Mohammed bin Salman's wide-ranging "Vision 2030" reform agenda, including more than tripling annual traffic to 330 million passengers by the end of the decade. It also wants to move up to five million tons of cargo each...
  • World Cup airlift helps flydubai to record profits in 2022

    Profits soared 43 percent to 1.2 billion dirhams ($327 million) despite higher oil prices as the United Arab Emirates carrier bounced back strongly from a Covid-hit 2021. The year ended with a mass airlift of World Cup fans to and from Qatar, with 1,290 flights -- up to 30 a...
  • Dubai airport arrivals double in 2022 as more Russians pour in

    The UAE has maintained a neutral stance towards Russia's war in Ukraine, which is nearing its one-year anniversary. The Gulf nation has emerged as a top destination for rich Russian emigres fleeing the impact of Western sanctions.
  • Saudi authority signs aviation safety pact with British CAA

    Riyadh, Saudi Arabia-- The General Authority of Civil Aviation (GACA) has signed an agreement with the British Civil Aviation Authority (CAA) in the field of aviation safety, including upgrading the organizational systems for safety in aviation and improving the national safety program.The agreement was signed by GACA Executive Vice President...
  • Air Arabia 2022 net profit $326m

    FY'22 turnover rose to $1.4 billion, up 65 percent YoY.
  • Flybe stops trading, cancels flights

    Earlier it was a leader in the UK domestic flights sector.
  • Boeing posts Q4 loss of US$634m

    Firm confirmed its 2023 outlook amid strong aviation demand.
  • Iraq finalizes fresh air deals with Gulf countries

    BAGHDAD, IRAQ - The Civil Aviation Authority announced the work to conclude new air agreements with the Gulf states. A spokesman for the Civil Aviation Authority, Jihad Al-Diwan, told local media agency: "We have agreements with all Gulf countries and all Gulf national carriers that land in Iraqi airports, except for...
  • Qatar signs agreement with Saint Lucia for air service

    Doha, Qatar-- Qatar and Saint Lucia have signed an air services agreement allowing the Gulf country's airline to expand its network of destinations.The agreement was signed on behalf of the Qatari side by Minister of Transport Jassim bin Saif bin Ahmed Al Sulaiti, and on behalf of the State of...
  • Flynas passenger growth 91% in 2022

    The airline launched 16 new destinations and 30 new routes.
  • Etihad Cargo to operate three more weekly flights to US from Apr 24

    Etihad Cargo currently operates 11 flights per week to John F. Kennedy International Airport, which will increase to 14 weekly flights.
  • King Khalid airport best performer in Nov in high passenger rush category

    .Riyadh, Saudi Arabia---Saudi Arabia’s General Authority of Civil Aviation issued its monthly report on the performance of the kingdom’s international and domestic airports for the month of November 2022.The performance is based on 14 basic criteria such as waiting time at customs, baggage and passport control.In the category of airports...
  • Abu Dhabi Airports, Bombardier to create aircraft hub in UAE

    This represents Bombardier’s first full-service facility in UAE.
  • SAS reports deeper losses

    The airline's net losses amounted to more than $117 million.
  • Etihad Airways and Garuda expand combined offerings to 42 destinations

    Abu Dhabi, UAE----UAE's national carrier Etihad Airways and Garuda Indonesia, the national flag carrier of Indonesia, will nearly double the number of combined destinations the two airlines are able to offer beyond the Abu Dhabi and Jakarta hubs. The number of destinations across the Indonesian archipelago, South East Asia, Middle...
  • Saudi Airport to build a new airport in capital Riyadh

    Saudi Arabia announced plans for a new airport in Riyadh while advancing the kingdom's ambitious aviation goals. The airport, set to accommodate 120 million travelers by 2030 and 185 million travelers by 2050, will be named after 86-year-old King Salman and was announced by Crown Prince Mohammed bin Salman.
  • Lufthansa to hire 20,000 employees

    Lufthansa had 108,000 employees at the end of September.
  • GAL-AMMROC, GMF ink pacts

    The pact were inked during the B20 Summit in Bali, Indonesia.
  • GCC adopts tourism strategy, launches new platform

    The Gulf ministers review projects aimed at strengthening joint Gulf action in tourism as well as strategic partnerships between the GCC and other countries and stakeholders.
  • Tanzanian aircraft with 49 people on board plunges into a lake

    Dar es Salaam, Tanzania— A domestic passenger plane plunged into Lake Victoria in Tanzania early on Sunday due to bad weather shortly before landing in the northwestern city of Bukoba, police said, adding that rescue efforts were under way. "There was an accident involving a Precision Air plane which... crashed into...
  • flydubai, Smartwings sign agreement

    flydubai will wet lease four Next-Generation Boeing 737-800 aircraft.
  • Iraq and Qatar look to boost cooperation in aviation sector

    Iraq and Qatar are looking to enhance cooperation in the field of civil aviation, especially in technical, air transport, and aviation security.
  • Xiamen Airlines to buy aircraft

    The airline plans to buy 40 A320neo aircraft from Airbus.
  • Aviation leaders warn travelers of higher ticket prices

    Warning travelers around the world of more price pain, the IATA head and Qatar Airways chief have said that the aviation sector is still battling fallout from the Covid pandemic, high oil prices and conflict fears. The higher fuel prices, according to the IATA chief, is adding to crippling losses...
  • Air passengers number up, reveals global aviation meet in Dubai

    Some of the greatest minds in the aviation industry took to the stage at this year’s Global Aviation Conference in Dubai, UAE.
  • Lufthansa back in private hands

    The German government sold its last shares in the company.
  • EU commercial flights surge 25 percent in August 2022

    Brussels, Belgium - The number of commercial flights in August 2022 in the EU increased 25 percent compared to August 2021, Eurostat said in its report. It is still below the pre-pandemic levels, but the gap is contracting (-14 percent compared with August 2019), the report mentioned. The number of...