Middle Eastern carriers experienced a 14.7 per cent year-on-year decrease in cargo volumes in November 2022, according to a new report.“This was a marginal improvement to the previous month (-15.0 per cent),” the International Air Transport Association…
Airlines have boosted January international seat capacity to and from China by 9.5% over the last week as they ramp up flights after its border opening, according to aviation data provider Cirium, though flights remain at a fraction of pre-pandemic lev…
Turkey’s flag carrier Turkish Airlines, and Mongolia’s flag carrier, Miat Mongolian Airlines recently signed a codeshare agreement on direct flights between Turkey and Mongolia along with further flights connecting via Istanbul.On the agreement Turkish…
On Thursday 05/01/2023, the Amman Stock Exchange (ASE) received a delegation of students from the Department of Islamic Banking / Faculty of Sharia at the University of Jordan, as part of a scientific field visit to the Jordanian capital market institu…
Queen Alia International Airport (QAIA) has become the first airport in the Middle East to achieve Level 3 of the Airport Customer Experience Accreditation (ACEA) issued by ACI World, valid until December 2023.To this end, QAIA also became one of eight…
Qatar signed an agreement with the US chemical company, Chevron Phillips, to build a petrochemical plant worth $6 billion, according to “Russia Today”.It is expected that the Ras Laffan petrochemical complex will start operating in 2026, and will inclu…
DOHA, Qatar, Qatar Energy announced the Final Investment Decision (FID) with Chevron Phillips Chemical Company LLC (CPChem) to build the Ras Laffan Petrochemicals complex – a $6 billion integrated olefins and polyethylene facility at Ras Laffan Industr…
Tokyo, Jan. 6 (BNA): Japan’s Nikkei share average reversed early losses to end higher on Friday, as investors bought back beaten-down stocks with the yen weakening against the dollar. The Nikkei rose 0.59% to close at 25,973.85, after opening lower fol…
Singapore, Jan. 6 (BNA): Gold prices inched higher on Friday after a sharp drop in the previous session, even as the dollar firmed ahead of a closely watched U.S. jobs report that could offer more clarity on the Federal Reserve’s interest rate-hike pat…
AMMAN, Jordanian Foreign Minister, Ayman Safadi, yesterday, discussed with his Arab counterparts, the latest tensions in Jerusalem, after the Israeli national security minister’s controversial visit to the Al-Aqsa Mosque compound.Safadi, who is also c…
Brussels, Jan. 6 (BNA): Euro zone inflation tumbled last month but underlying price pressures are still rising and economic growth indicators are surprisingly benign, suggesting that the European Central Bank will keep raising interest rates for months…
The foreign direct investment report for the year 2023 on the list of the best foreign direct investment destinations revealed that the State of Qatar ranked first in the best countries attracting foreign direct investment in the world, due to its econ…
Saudi Arabia’s flynas, a leading low-cost airline in the region, has doubled annual growth in operation and performance during 2022, increasing passengers by 91% to 8.7 million; flights by 45% to 66,000 and seat capacity by 46%.Additionally, flynas lau…
Chairman of the Board Of Avia Solutions Group Gediminas Ziemelis puts forward his assessment of the projected state of the global aviation sector in 2023. He addresses its strengths and its weaknesses in this analysis.Amidst misfortunes, continued conf…
ISLAMABAD — Afghanistan’s ruling Taliban signed their first international agreement with a Chinese petroleum company Thursday to extract and develop oil reserves in the country’s north.Senior Taliban officials and China’s ambassador to Kabul, Wang Yu, …
LONDON — The corruption scandal at the European Parliament deepened this week as officials said they would seek to lift immunity on two more lawmakers accused of taking bribes from Qatar.The Gulf state has warned that the investigation could impact eco…
The aviation market recorded roughly 55 million passengers in 2022, marking 3.7-fold increase from the previous year and equivalent to 69.6% of that in the pre-pandemic period back in 2019, according to the Civil Aviation Authority of Vietnam (CAAV).Mo…
The General Retirement and Social Insurance Authority (GRSIA) starts implementing the new Social Insurance Law today, after it has sent circulars to employers in the government and private sectors to complete training of its staff and update its system…
According to data from UK trade body ADS, over 1,000 aircraft have been delivered to operators for the first time since 2019 marking a continued recovery post-pandemic.Although the exact figures have yet to be released, the number of deliveries in Nove…
BOC Aviation Limited has recently announced that it has entered into an agreement with The Boeing Company to purchase 40 new Boeing 737 MAX 8 aircraft. All aircraft are scheduled for delivery in 2027 and 2028. “We are pleased to continue to build on ou…
Frankfurt, Dec. 31 (BNA): Euro zone wages are growing quicker than earlier thought and the European Central Bank must prevent this from adding to already high inflation, ECB President Christine Lagarde told a Croatian newspaper.The ECB has raised inter…
Just over half of the 50 U.S. states are exhibiting signs of slowing economic activity, breaching a key threshold that often signals a recession is in the offing, new research from the St. Louis Federal Reserve Bank report said.That report, released We…
Minister of Trade and Industry Ahmed Samir has discussed with Singaporean Ambassador to Egypt Dominic Goh economic and investment cooperation between both countries.The meeting touched on success stories of Singaporean companies that have been working …
The Cabinet’s Information and Decision Support Center (IDSC) has said Egypt is among the top 10 fastest growing economies in the world in 2022.The center said that many developments took place in 2022 in spite of the international crises that cast a sh…
Until last week, the sales of Qatari agricultural product yards (Mazrooah, Al Wakrah, Al Khor, Al Dhakhira, Al Shahaniyah, Al Shamal) yards, of the Agricultural Affairs Department, resulted in the marketing of 370 tons of vegetables, 59.5 tons of fruit…
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