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Tag: Business & Finance

Doha Bank Announces the Millionaire Winner of the 4th Al Dana Draw

In its quest to spread the culture of financial saving in the Qatari society, Doha Bank, one of the largest commercial banks in Qatar, has recently announced the names of the winners of its 4th Al Dana draw during the event which took place at the Bank…

Agriculture min. inspects rice fields in Sibirbay village in Tanta

Minister of Agriculture and Land Reclamation al-Sayed al-Quseir inspected Saturday super giant rice fields in Sibirbay village in Tanta, Gharbia governorate.He was accompanied by head of the Agriculture Research Center Mohamed Sulaiman, head of the nat…

Taliban in Talks with Russia to Import 1 Million Metric Tons of Oil

ISLAMABAD — Afghanistan’s Taliban say they are in talks with Russia to import 1 million metric tons of petroleum products, possibly in exchange for raisins, raw material for medicines and minerals.A Taliban delegation currently is in Moscow holding mee…

DXB’s half-yearly traffic surges to 27.9m passengers

A steady surge of growth throughout the second quarter has propelled Dubai International’s (DXB) half yearly traffic to 27.9 million passengers, just 1.2 million shy of the airport’s total annual traffic last year.DXB achieved the milestone despite a s…

SAS Secures $700 Million Financing to Aid Restructuring

Scandinavian airline SAS said on Saturday it entered into an agreement with Apollo Global Management to raise $700 million of fresh financing it needs to see it through bankruptcy.The airline filed for bankruptcy protection in the United States in earl…

Potential hack for some Boeing planes fixed -researchers

Las Vegas, A digital vulnerability in the computer systems used on some Boeing Co (BA.N) aircraft that could have allowed malicious hackers to modify data and cause pilots to make dangerous miscalculations has been fixed, security researchers said on F…

Sharjah’s Air Arabia profit hits Dh451m in H1-22

Low-cost carrier Air Arabia reported a net profit of Dh451 million for the first six months ending June 30, 2022, compared to Dh44 million in the corresponding first-half 2021.In the same period, the airline posted a turnover of Dh2.24 billion, a 110 p…

Tesla sets Aug 25 as trading day for three-for-one split shares

Austin, Tesla said on Friday trading in its three-for-one split shares will start on Aug. 25, after the electric vehicle maker’s shareholders approved the proposal during its annual meeting. Shareholders of the EV maker voted for board recommendations …

Asian stock markets rise ahead of US jobs data

Beijing, Asian stock markets rose Friday ahead of an update on the health of the U.S. jobs market while the Federal Reserve weighs whether more rate hikes are needed to cool surging inflation. U.S. futures and oil prices edged higher.Investors were loo…

ME air passenger traffic near pre-pandemic levels

Air passenger traffic in the Middle East and South Asia has recovered in the second quarter (Q2) of the year to approximately 85% of Q2 2019 seat capacity, according to the Airports Council International (ACI) Asia-Pacific’s Industry Outlook.Meanwhile,…

HAMIEH MEETS QATARI AMBASSADOR

Caretaker Minister of Public Works and Transportation, Ali Hamieh, met on Wednesday at his ministry office with Qatari Ambassador to Lebanon, Ibrahim bin Abdulaziz Al Sahlawi, with whom he discussed the means to develop the bilateral cooperation betwee…

HIA records 164% rise in footfall in first half of 2022

Hamad International Airport (HIA) has witnessed an increase of over 164% in passengers’ movement in the first half of 2022 compared to same period of last year. According to data released by Civil Aviation Authority, HIA recorded 15,571,432 passengers …

Amazon posts 2Q loss but revenue tops estimates, stock jumps

New York, Amazon on Thursday reported its second-consecutive quarterly loss but its revenue topped Wall Street expectations, sending its stock sharply higher.The Seattle-based e-commerce giant also said it is making progress in controlling some of the …

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