In a 6-3 ruling stemming from Trump's bid to end birthright citizenship, the court said nationwide injunctions issued by district court judges "likely exceed the equitable authority that Congress has granted to federal courts." The top court did not immediately rule on the constitutionality of Trump's executive order seeking to...
Hamriyah Freezone and Amazon UAE sign lease agreement for new logistics center
Sharjah, UAE--Hamriyah Freezone Authority (HFZA) and Amazon UAE have signed a lease agreement for a new logistics centre which will enhance delivery services for customers in the Northern Emirates. In line with HFZA's vision to bolster economic growth and innovation in the region, the agreement supports Amazon UAE’s commitment to...
Saab 2022 net profit at $211m
Revenue rose as countries boost military spending.
Aviation emerging out of Covid crisis, outlook brightening: Airbus CEO
The global aviation sector has begun to emerge from the Covid pandemic, its worst-ever crisis, and the "outlook is starting to brighten", Airbus CEO Guillaume Faury told journalists Monday. A large order of 255 of Airbus' single-aisle A231 planes announced Sunday at the Dubai Airshow "completely justifies" a shift to...
Airbus takes off with big order of 255 aircraft on first day of Dubai Airshow
Airbus came out strongly at the Dubai Airshow on Sunday with a group order for 255 single-aisle A321 aircraft, marking the first major deal of its kind since the pandemic began. The European plane-maker's announcement came shortly after its American rival Boeing said it would fulfill an order to convert...
Dubai non-oil economy surges to two-year high in October
Dubai's non-oil economy continued to grow in October, courtesy of a sharp rebound in new orders and increased tourism activity at the start of Expo 2020. The seasonally adjusted IHS Markit Dubai Purchasing Managers' Index climbed to 54.5 in October, from 51.5 in September, marking the sharpest improvement in business...
Jobs rise for first time in Egypt since 2019
Slight drop in headline seasonally adjusted PMI in July points to minor deterioration in the health of the non-oil sector.
UAE’s non-oil economy picks up in July, strongest in two years
Latest IHS Markit UAE PMI says firms hoped easing of COVID-19 restrictions and the Expo 2020 later this year would help to improve economic conditions in the Gulf country.
