Economy
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Abu Dhabi’s Etihad Airways sees a $143 mln profit in 2023 as passenger numbers rise
Abu Dhabi-based Etihad Airways announced Wednesday earning a $143 million profit last year, citing an increase in passengers as fueling the narrow…
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Emirates’s Tim Clark throws support behind embattled Boeing leadership
Emirates President Tim Clark threw his support behind Boeing Co.’s leadership as the manufacturer works through a crisis of confidence…
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Unilever sets more ambitious climate goals despite growing ESG backlash
Unilever Plc is announcing more ambitious emissions-cutting goals, targeting suppliers and even the shops that stock its brands, despite concerns…
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Egyptian pound weakens to record low of around 50 against US dollar
The Egyptian pound weakened on Wednesday to a record low, falling to around 50 against the US dollar, LSEG data…
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A rollercoaster tale in Egypt: Soaring rates, currency floatation, and IMF boost
The financial landscape in Egypt on Wednesday was nothing short of dramatic. Amidst a backdrop of anticipation and speculation, the Egyptian economy…
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Reduced refining capacity, stricter sanctions force Russia to cut oil output
Russia on Sunday announced additional voluntary cuts in oil supply mainly in the form of production cuts rather than exports,…
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Iran defies US sanctions with surging exports of liquefied petroleum gas
Iran is defying US sanctions with surging exports of liquefied petroleum gas, the latest sign that American pressure is failing to…
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EVIQ and TAWAL forge alliance for Saudi Arabia’s electric mobility at LEAP 2024
In a groundbreaking move to shape the future of electric mobility in the Kingdom, EVIQ, the pioneering electric vehicle infrastructure…
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EU aims to shift European arms industry to ‘war economy mode’
The European Commission will propose on Tuesday ways for the European Union to boost its arms industry so it can…
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India fines Paytm bank $663,380 on money laundering charges
India’s financial intelligence unit has imposed a 55 million rupees ($663,380) fine on Paytm’s banking affiliate. The agency said in…
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