United Arab Emirates
Airways headed for history profits in 2024 as travel soars, but financial gain margins continue to be skinny
The Intercontinental Air Transport Association (IATA) elevated its income forecast for the airline sector in 2024 and predicts a file income of $996 billion. Nurphoto | Getty Images DUBAI, United Arab Emirates — The Worldwide Air Transport Association lifted its earnings forecast for the airline marketplace in 2024 and predicts profits of $996 billion — […]
Read More
Dubai bling: Billions of dollars worth of African gold is being smuggled into the UAE each year, research finds
A worker lifts a gold bullion bar from a conveyor machine at the Rand Refinery plant in Germiston, South Africa, on Aug. 16. 2017. Waldo Swiegers | Bloomberg | Getty Images DUBAI, United Arab Emirates — Each year, as much as $35 billion worth of gold produced by artisanal and small-scale mining in Africa — […]
Read More
Emirates airline chalks record yearly income as travel need booms
An Emirates Airlines airplane Karim Sahib | AFP | Getty Pictures DUBAI, United Arab Emirates — Dubai-centered provider Emirates airline on Monday reported report yearly income of 17.2 billion dirhams ($4.7 billion) for the 2023-2024 monetary 12 months, up 63% from the yr prior. The flag carrying airline of the UAE’s glitzy business funds has […]
Read More
Emirates’ chairman has a information for Boeing: ‘Get your act together’
DUBAI, United Arab Emirates — 1 of Boeing’s largest prospects issued a simply call to action to its new management staff, expressing annoyance with the basic safety disaster going through the American planemaker and the consequent delays in buy deliveries. “We’re not content really with what’s likely on, we always definitely preferred to see this […]
Read More
Abu Dhabi AI company Presight purchases majority stake in engineering joint enterprise AIQ
A general look at of the town skyline at sunset from Dhow Harbour on February 5, 2015 in Abu Dhabi, United Arab Emirates. Dan Kitwood | Getty Photos DUBAI — Abu Dhabi artificial intelligence company Presight purchased a 51% stake in AIQ, a joint know-how enterprise concerning the Abu Dhabi National Oil Firm (ADNOC) and […]
Read More
Dubai’s new airport will be 5 instances the dimensions of its present-day a single and aims to be the premier in the world
Electronic render of the prepared entrance of Dubai’s Al Maktoum Worldwide Airport, set to be the biggest in the globe on completion. Dubai Media Business DUBAI, United Arab Emirates — Dubai’s leadership authorised a 128 billion dirham ($35 billion) program to establish a new passenger terminal at the emirate’s Al Maktoum International Airport, which will […]
Read More
JPMorgan’s phone calls for a reality verify on energy transition are reasonable, UAE energy minister claims
JPMorgan’s calls for a “reality examine” on the world’s energy transition goals and pathway is a “sensible,” the UAE’s power minister explained to CNBC. “We need to have usually, every time we place up predictions, in particular very long expression ones, to have a actuality look at,” Suhail Al Mazrouei instructed CNBC’s Dan Murphy in […]
Read More
NASA releases satellite shots of Dubai and Abu Dhabi just before and following record flooding
NASA released shots of elements of Dubai and Abu Dhabi before and just after the United Arab Emirates was hit by report rainfall previous week that prompted perilous floods and paralyzed significantly of the state. The visuals, taken by NASA Earth Observatory on Friday applying Landsat information from the U.S. Geological Study, display large patches […]
Read More
UAE central bank asks loan providers to defer loan repayments for six months to aid flood-hit citizens
Automobiles are stranded on a flooded avenue in Dubai following hefty rains on April 18, 2024. Giuseppe Cacace | AFP | Getty Visuals The United Arab Emirates’ central bank despatched a directive to the country’s creditors and insurers approving the deferring of loan repayments for 6 months, as citizens and companies reel from historic floods […]
Read More
Emirates CEO issues apology following Dubai flood chaos says airline has 30,000 suitcases to return
Folks queue at a flight link desk right after a rainstorm strike Dubai, triggering delays at the Dubai Global Airport, United Arab Emirates, April 17, 2024. Rula Rouhana | Reuters The CEO of Emirates airline issued an apology letter to buyers in excess of the weekend just after historic rains in the United Arab Emirates […]
Read More