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Category: Industry

IATA revises air transport industry standards manuals

The International Air Transport Association (IATA) has completed the annual revision of its air transport industry manuals for cargo, ground handling, and operations, thus incorporating the updates made to industry standards over the past year.These re…

Lufthansa Nears ITA Offer With Pathway to 100% Ownership

Deutsche Lufthansa AG is close to making an offer for Italy’s ITA Airways under a deal that would likely see the German airline eventually take full ownership of the successor to Alitalia, according to people familiar with the matter.After extensive st…

‘No upswing in global air cargo demand’ at the start of 2023

Global air cargo tonnages have shown no sign yet of a post-holiday season recovery, whereas last year there was already an upswing by the end of the first week, consistent with a continued softening of market conditions. The latest preliminary figures …

UAE President receives President of Korea

President His Highness Sheikh Mohamed bin Zayed Al Nahyan today received Yoon Suk Yeol, President of the Republic of Korea, who is on multi-day visit to the UAE.Upon his arrival at Qasr Al Watan in Abu Dhabi, President Yoon Suk Yeol, who is accompanied…

QIB Profit grows by 12.7% to reach QAR 4,005 Million in 2022

Qatar Islamic Bank (QIB) has announced the financial results of the fiscal year 2022, ending 31st of December. Net profit attributable to shareholders amounted to QAR 4,005 Million for the fiscal year 2022 compared to QAR 3,555 Million for the year 202…

The UAE is committed to achieving balance in the oil market

Dubai Suhail bin Muhammad Al Mazrouei, Minister of Energy and Infrastructure, stressed that international investments in the gas sector are not enough, and the world needs more investments in the gas sector.He said that the political developments in Eu…

US Stock Market Closes Higher

New York, US stock market indexes rose, at the close of the trading session on the New York Stock Exchange.The Dow Jones Industrial Average closed up 112.64 points, equivalent to 0.33%, to close at 34,302.61 points. The Nasdaq Composite Index rose 78.0…

Mideast airlines see 85% surge in traffic in November: IATA

Middle Eastern airlines saw an 84.6% traffic rise in November compared to the same month of 2021, said the International Air Transport Association (IATA) in a new report, noting that global air travel recovery continued through month.November capacity …

Wizz Air cuts carbon emissions by 15.4% in 2022

Wizz Air, Europe’s fastest growing and most environmentally sustainable airline globally, has reported that its average carbon emissions for 2022 amounted to 55.2 grams per passenger/km, 15.4% lower than in 2021.This represents its lowest ever annual c…

USQBC Hosts Private Reception for Atlantic Council Delegation

Doha, Qatar – On January 9th, the US-Qatar Business Council hosted a Private Dinner Reception for members of the Atlantic Council delegation before the beginning Atlantic Council Global Energy Forum. The delegation was hosted at the Bayt El Talleh rest…

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