Its net profit shot up to US$1.82bn as demand booms.

Aviation sector is flying high after a tumultuous period

Its economy grew 4.5 percent in the first three months of the year as the country reopened after dropping strict health controls that helped keep the coronavirus in check but battered businesses and supply chains. The country is beset by a series of other crises, from a debt-laden property sector...

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.

The IMF was originally expected to approve a bailout deal on December 19, but that was delayed pending a Tunisian budget, which has since passed, and a law to stop banks charging excessive interest.

The head of Algeria's army hosted Russia's top security official on Monday to discuss boosting their military ties, the defence ministry in Algiers said. General Said Chengriha said the visit of National Security Council secretary Nikolai Patrushev reflected both countries' "firm desire to strengthen their historic and strategic partnership... in...

Washington, United States--The coronavirus pandemic likely arose from a Chinese laboratory leak, the US Department of Energy now says according to media, although the White House maintained Sunday that American intelligence remained divided on the issue. The determination -- noted in a classified report by Director of National Intelligence Avril Haines's...

It made the profit in Q4 last year on revenue of nearly $2bn.

The world's second-largest economy faced historic headwinds as 2022 drew to a close, with exports plunging last month due to a drop in global demand and rigid health restrictions that hammered economic activity.

Turkish media say the total number of debt recovery cases rose by about 1.5 million in a year and exceeded 24 million at the height of the crisis in August. Turkey's most recent economic problems started when President Recep Tayyip Erdogan - a lifelong foe of high interest rates -...

The curbs in Zhengzhou are part of China's national zero-tolerance approach to Covid, which involves grueling lockdowns, travel restrictions and mass testing. However, nearly three years into the pandemic, Covid cases are now higher than they have ever been in China. There were 31,444 domestic cases on Wednesday, the National...

Revenues in H1 of 2022-2023 surged 131% to $13.7 billion.

Beside facilitating the delivery of quality treatment, telehealth has altered the competitive landscape of private healthcare, allowing providers to offer more cost-effective, convenient care. This has created new revenue sources while allowing providers to address resource shortages, he adds.

China in June 2019 won the bid to host the event but pulled out in May because of its "zero-Covid" policy, leaving the AFC scrambling to find a new host for its flagship men's 24-team football tournament. The tournament had been due to be held in 10 Chinese cities from...

The company logged a net income of $379 million.

The demonstrations were drained of momentum by a severe economic crisis and the coronavirus pandemic, before the monster explosion presented a stark reminder of the negligence of the country's leaders.

US central bankers face an increasingly difficult balancing act as they struggle to douse scorching inflation while still keeping the economy growing, though they have made it clear they are willing to risk a recession.

The European Central Bank will raise its interest rates on Thursday for the first time in over a decade, but the bank is already under pressure to do more amid record inflation.

Airlines are recovering from the huge Covid fallout but face fresh turbulence from rocketing inflation.

The biggest hajj pilgrimage since the coronavirus pandemic began kicks off Wednesday, with hundreds of thousands of mostly mask less worshippers expected to circle Islam's holiest site in Saudi Arabia's Mecca.

White-robed worshippers from across the world have packed the streets of Mecca as Islam's holiest city prepares to host the biggest hajj pilgrimage since the coronavirus pandemic.

The decision was based on the findings of the competent health authorities about the epidemiological situation in these countries.

At the beginning of the pandemic, Saudi Arabia imposed a rule against all foreign travel, and as of last month 16 countries including Turkey were still off-limits to Saudi citizens.

The Central Agency for Public Tenders of Kuwait (CAPT) has awarded 235 tenders worth $5.9 billion in 2021. Secretary-General of CAPT Usama Al-Duaij told Kuwaiti media that the number of the awarded tenders has been mounting on an annual basis, but due to the impact of coronavirus pandemic, only 98...

Saudi Arabia aims to triple foreign tourism this year as pandemic restrictions ease, hajj pilgrims return and the first elements of the crown prince's signature projects open, its tourism minister told AFP Sunday. The kingdom inaugurated tourist visas in September 2019, just months before the coronavirus pandemic decimated the industry...

The gates opened shortly after 11:00 pm local time (2200 GMT) on Monday night, letting dozens of cars and queues of pedestrians pass in both directions.

"Lockdowns in large cities like Shanghai and rising input costs are major reasons" behind the underwhelming trade figures, analyst Zhaopeng Xing of ANZ Research said.

The world's second-biggest economy was already losing steam in the latter half of last year with a property slump and regulatory crackdowns.

The German auto giant said operating profit rose to $9.3bn.

The UN chief said countries need to fulfil and accelerate dose-sharing and donation commitments in order to reach the billions who have so far not received vaccine shots.

The ancient city of Petra in Jordan has registered the highest number of visitors since the start of the coronavirus pandemic, with 53,896 visitors of various nationalities in March, marking an increase of 292 per cent over the previous month. The city's visitors in March were: 43,533 of foreign nationalities,...

The move comes two weeks after the country lifted all Covid-19-related entry restrictions.

The US Federal Reserve chair has said every $10 hike in oil prices would impact growth by 0.1 percentage points and add 0.2 percentage points to inflation.

Some 80 percent of Saudi Arabia's employers are considering to add to their workforce in 2022, with a reasonable decline in the rate of coronavirus infection in the kingdom and beyond in the GCC.

Every Sunday Noori Sani welcomes his old friends around a bountiful Turkish breakfast in Istanbul. But surrounding him now are empty tables on his terrace at his restaurant by the Blue Mosque.

The UAE’s National Emergency Crisis and Disasters Management Authority relaxed the rules in coordination with its main partners.

The minister is visiting Rabat, economic capital Casablanca, and tourist hub Marrakesh as well.

The CDC carried out a study involving 379 babies aged up to six months, who were hospitalized in 20 pediatric centers from July 2021 to January 2022.

The Police Directorate of Causeway has asked travelers to follow precautionary measures that are mandatory.

Palestinians have not been to the ballot box for 16 years and Israel's right-wing nationalist Prime Minister Naftali Bennett has rejected their aspirations for a two-state solution.

The fast spreading and heavily mutated Omicron variant has rapidly become the dominant variant worldwide since it was first detected in southern Africa 10 weeks ago.

Pfizer and BioNTech will soon ask US regulators for emergency authorization for a Covid-19 vaccine for children aged five and under, US media reported Tuesday. This is the last age group in the United States that is not yet eligible for coronavirus shots. As early as Tuesday, the companies could...

Mattarella has already served a tumultuous seven-year term, during which he has sought to be a unifying figure through five different governments and the devastation of coronavirus.

The expectations-beating results offered signals that the coronavirus-era tech boom may not be quite over yet.

A government statement published by the country's official MAP news agency said that the ban would end on February 7.

The world's leading luxury group more than recovered from the coronavirus pandemic as it earns a record €64.2 billion ($71.5bn) in 2021. The company's net profit hits €12 billion.

Dubai's largest bank sees its net profits rising to $2.5 billion in 2021 from $1.9 billion in 2020.

Omicron leads to less severe infection among vaccinated people, has raised long-awaited hopes to bring an end to Covid-19 pandemic.

The WHO has warned that the sheer numbers of people infected will mean many people are still falling seriously ill and dying.

In Europe and the Americas, foreign visitor arrivals surged by 19 percent and 17 percent, respectively, last year over 2020. In the Middle East, however, arrivals declined by 24 percent in 2021, while in the Asia-Pacific region they were 65 percent below 2020 levels, and 94 percent down on pre-pandemic...