Economy
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Emirates Airline group announces record $6.2 billion gross annual profit
Emirates Group, which owns the Middle East’s biggest airline, announced a record annual profit of $6.2 billion before tax on…
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Cause of Heathrow shutdown fire still unknown, initial report says
The cause of the fire at an electricity substation that forced Britain’s Heathrow Airport to shut down for almost a…
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Etihad, Emirates, Qatar Airways suspend flights to Pakistan following India missile strike
Gulf airlines have cancelled and rerouted several flights over South Asia after Pakistan announced the closure of its airspace following…
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Airbus chief calls for tariffs on Boeing exports
The head of Airbus said on Tuesday that Europe should impose tariffs on imports of Boeing aircraft if negotiations over…
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Elon Musk to keep lawsuit against OpenAI despite nonprofit control statement: Lawyer
Elon Musk plans to move forward with his high-profile lawsuit against OpenAI, his lawyer Marc Toberoff said Monday, just hours…
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Saudi Arabia records $70.3 billion in revenue in Q1 2025
Saudi Arabia’s finance ministry announced Monday that total revenues for the first quarter of 2025 reached approximately 263.6 billion riyals…
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EU to propose ban on Russian gas imports by end of 2027, sources say
The European Union will publish plans on Tuesday to ban new Russian gas deals by the end of the year,…
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OPEC+ to further speed up oil output hikes: Sources
OPEC+ plans to further accelerate oil output hikes and could unwind its 2.2 million barrels per day of voluntary cuts…
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KLM cancels two more flights over grounded Boeing 787s
Dutch airline KLM announced the cancellation of two more long-distance flights on Sunday a day after it grounded seven Boeing…
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OPEC+ agrees another accelerated oil output hike for June
OPEC+ has agreed to accelerate oil production hikes for a second consecutive month, raising output in June by 411,000 barrels…
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