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Category: Industry

Oman Oil Production Rises Nearly 4% by End of January

Oil production in the Sultanate of Oman increased by 3.6%, reaching 33.023 million barrels, by end of January 2023. According to preliminary data issued by Oman’s National Center for Statistics and Information, crude oil production recorded 25,978,600 barrels, while the production of condensate oil reached about 7,045,200 barrels. The data

QDB Launches its New Digital Portal

Qatar Development Bank (QDB) has launched QDB Digital Portal in a step that complements the digital transformation initiatives that the Bank has worked on during the past years, whether on the private sector’s service level in the State of Qatar or the level of its work as a financial development

Doha Bank Achieves Net Profit of QR. 765 Million for 2022

His Excellency Sheikh Fahad Bin Mohammad Bin Jabor Al-Thani, Chairman of the Board of Directors of Doha Bank, announced that the Board of Directors (BOD) in its meeting held on 6th of February 2023 has approved the draft of the Bank’s audited financial…

Iraq ranks 15th in the Arab Economies Competitiveness Index

Baghdad, The Arab Monetary Fund revealed that Iraq ranked 15th in the Arab Economies Competitiveness Index.In the Arab Economies Competitiveness Report 2022, it was stated that the UAE maintained the first place in the Arab economies competitiveness in…

Higher jet fuel prices likely to feed airline ticket price run-up

Fuel is a major cost component of operating an airline, often accounting for 20-30% of operating costs.China’s lifting of Covid-19 travel restrictions and US refinery outages are expected to have an impact on jet fuel price this year, which have recent…

Hamad International Airport launches next gen Wi-Fi service

Hamad International Airport has announced the launch of the next generation Wi-Fi service, empowered by Cisco technologies, across its state-of-the-art terminal to further enhance the airport’s passenger experience. Through ubiquitous high-speed connec…

Aviation companies ramp up digital tech investments

Airports and airlines are ramping up their investment in technology to digitalize their operations and speed up the passenger journey by offering more self-service options to meet demands of swift recovery in the sector, a report said.SITA’s 2022 Air T…

Qatar sees over 100% jump in air passenger for 2022

Qatar recorded over 35 million air passengers in the year 2022, indicating an increase of 101.9% compared with the 2021, according to the Air Transport Statistics for the year released by Qatar’s Civil Aviation Authority.While the year 2021 saw 17,703,…

61.7% rise in air passengers during November-December 2022: QCAA

The months of November and December 2022 saw a 61.7% increase in the number of air passengers compared to the same months in 2021, according to data issued by the Qatar Civil Aviation Authority (CAA).The Air Transport Statistics for the two months also…

Boeing to add 737 MAX production line as it plans output boost

Boeing Co (BA.N) told employees that it will add a new 737 MAX production line in Everett, Washington, in mid-2024 as it plans to ramp up deliveries of its best-selling plane.Boeing Commercial Airplanes Chief Executive Stan Deal said in an email review…

Doha Bank Launches Qatar Trading Platform: Q-Trade

Doha Bank, one of the largest private commercial banks in Qatar, has launched Q-Trade platform, a gateway to The Group Securities Company (The Group)’s trading and brokerage services through Doha Bank’s Online and Mobile Banking platforms.The Group is …

Air India Group Could Reportedly Post Consolidated Annual Profit

The Air India Group, which includes its low-cost subsidiary Air India Express, could end this financial year with a consolidated profit. The airline recently completed one year under the Tata Group and has already witnessed several positive changes, in…

Boeing’s 747, the original jumbo jet, prepares for final send-off

Boeing’s 747, the original and arguably most aesthetic “Jumbo Jet”, revolutionized air travel only to see its more than five-decade reign as “Queen of the Skies” ended by more efficient twinjet planes.The last commercial Boeing jumbo will be delivered …

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