Economy
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Exports, re-exports by Dubai Chambers’ members soar to over $77 bln in 2023
Dubai Chambers and the three chambers operating under its umbrella – Dubai Chamber of Commerce, Dubai International Chamber, and Dubai…
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AT&T cellular service outage in US disrupts vital services
A cellular phone service outage on Thursday hit thousands of AT&T users in the United States, disrupting calls and text…
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Boeing replaces head of 737 Max program months after midair panel blowout
Boeing Co. ousted the head of its 737 Max program after a midair blowout of a fuselage panel on an…
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Sri Lanka repays Iran’s $20 million oil debt with tea
Cash-strapped Sri Lanka said Wednesday it had exported tea worth $20 million to Iran to partially repay its $251 million…
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Rise of fast-fashion Shein, Temu impacts global air cargo industry
The rapid rise of fast-fashion e-commerce retailers such as Shein and Temu is upending the global air cargo industry, as…
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Boeing says prepared to compete with China-made single-aisle C919 plane
Boeing said on Wednesday it was preparing to compete with China’s first domestically produced passenger plane, which was showcased for…
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HSBC reports ‘record profit’ of $30.3 billion in 2023
HSBC said Wednesday it achieved “record profit” in 2023 as pre-tax profits soared by nearly 80 percent, with the banking…
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Saudi Arabia best fit for global tech and electronics manufacturing hub: Alat CEO
Saudi Arabia’s strategic location, abundant resources and drive for technology has made it the best contender to become a global…
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IATA chief Walsh pleads for more sustainable aviation fuel to save air travel
The head of global airlines’ biggest trade group implored oil producers to make more low-emissions aviation fuel, warning the future…
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Dubai airport passenger numbers surpass pre-pandemic levels
Dubai International Airport (DXB), the world’s busiest international hub, registered a 31.7 percent increase in passenger traffic last year to…
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