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Saudi Arabia’s sports ambitions take off with Riyadh Air

Saudi Arabia’s sports ambitions take off with Riyadh Air

The multi-year sponsorship deal with Concacaf complements the airline’s existing agreement with Spain’s Atlético de Madrid

Yilport to invest $1.6bn in El Salvador ports

Turkey’s Yilport plans to invest $1.6bn in El Salvador ports

The new agreement will establish what is known as a “mixed-economy corporation,” which is not subject to the legal limit

Bangladesh

Bangladesh PM Sheikh Hasina resigns, leaves country: Reports

What began as a student-led protest against civil service job quotas has now evolved into a broader anti-government movement in Bangladesh

Mubadala-owned Porto Sudeste

Mubadala, Trafigura hire banks to sell Brazil port: Reports

Mubadala and Trafigura are looking to sell the port terminal Porto Sudeste, in Rio de Janeiro state, say reports

Gautam Adani

Abu Dhabi, Qatar wealth funds back Adani Energy’s share sale: Reports

Adani Energy, a power transmission and distribution company, raised funds through a Qualified Institutional Placement

Etihad Airways

Etihad transports 8.7 million passengers in H1 2024

Etihad had an operating fleet size of 92 aircraft in H1 2024 compared to 76 in the same period the previous year

Cognizant

Transforming air travel: Inside Cognizant’s partnership with Riyadh Airports

Cognizant’s GM in Saudi Arabia, Tarek Zarg El Aioun, discusses the company’s strategic partnerships and digital innovations transforming the aviation sector and beyond

The Goldman Sachs Group Inc. logo is displayed in the reception area of the One Raffles Link building, which houses one of the Goldman Sachs (Singapore) Pte offices, in Singapore, on Saturday, Dec. 22, 2018. Singapore has expanded a criminal probe into fund flows linked to scandal-plagued 1MDB to include Goldman Sachs Group, which helped raise money for the entity, people with knowledge of the matter said. Photographer: Nicky Loh/Bloomberg

Goldman Sachs gets licence for regional headquarters in Saudi Arabia: Reports

Saudi Arabia‘s deadline for foreign firms to establish their regional headquarters in the kingdom went into effect earlier this year

Mubadala’s Fortress bid secures US regulatory approval

Mubadala Capital’s $3bn Fortress bid clears key US regulatory hurdle: FT reports

The approval comes as Mubadala agreed to let Fortress commit to keeping technology and data in the US

Dubai airports

Dubai Airports, Emirates issue travel advisory for fliers on May 2

Dubai Airports, Emirates issued a travel advisory in anticipation of the expected inclement weather conditions

Dubai airport departure operations improving steadily, says CEO

Dubai Airports’ Paul Griffiths says departures improving steadily

To reduce congestion, the airports operator advised travellers against arriving too early at Dubai International Airport to avoid overcrowding

Oman

Oman trade deal a priority for India: Reports

The trade ministers of India and Oman met in December 2023 and had asked their negotiators to wrap up talks on a comprehensive pact

onion ban - India

India extends ban on onion exports indefinitely ahead of general election

Traders estimate that India accounts for more than half of all onion imports by Asian countries

LNG expansion plans to squeeze out competitors

Saudi Aramco, UAE’s ADNOC in talks to invest in US LNG projects: Reports

Saudi Aramco is in talks to invest in phase 2 of Sempra Infrastructure’s Port Arthur LNG project in Texas

CYCLONE MICHAUNG

Cyclone Michaung: Dozens of flights affected at Chennai, Hyderabad and Pune airports

Heavy rainfall due to Cyclone Michaung has impacted international and domestic inbound and outbound flights across multiple airports in India

World Padel Tour

Qatar Sports Investments acquires World Padel Tour

The agreement will consolidate the sport’s two biggest professional tours into one under the name Premier Padel

Mo Salah

Mo Salah to move to Al-Ittihad: Reports say Liverpool star considering offer

Liverpool has reportedly received an offer exceeding GBP79m for their star player

ADNIC H1 2023 earnings

ADNIC reports net profit of Dhs204m in H1 2023

ADNIC in its earnings release reported its underwriting profitability continued to be robust with a combined ratio of 87.60 per cent and a net insurance service profit of Dhs178.1m

ADNOC LNG

ADNOC L&S reports 327% increase in net profit for H1 2023

ADNOC L&S attributed its strong performance to its expansion of asset and customer base, decarbonisation of operations, and entering new verticals

israel flights

Dubai Airports welcomes first Air Canada flight at DXB Terminal 3: Watch

Air Canada is the fourth international airline to operate out of the terminal

Radisson Blu Dubai Waterfront image Radisson Hotel Group1

Radisson Hotel Group reports strong H1 growth, with over 100 signings, openings  

The group is looking to grow its portfolio in the Middle East to reach 150 properties in operation and under development by 2030

RTA transports over 6 million riders across Dubai during Eid Al Adha Image courtesy RTA twitter

RTA transports over 6 million commuters across Dubai during Eid Al Adha

The number of metro riders on both the Red and Green Lines during the holiday reached 2.388 million riders

Etihad Cargo Wallenborn partnership Image Etihad cargo

Etihad Cargo expands European road feeder services to 90 airports

Etihad Cargo has partnered with Wallenborn Transports, offering seamless connectivity between its European gateways and Wallenborn’s network of airports in 27 countries

red sea

Can a global fee on oil imports help address climate damages?

Countries that import the most oil will have to make the biggest contribution to the fund

Dubai International Airport to see 252,000 dail pax during summer peal season Image Dubai Airports

Travelling during Eid Al-Adha holidays? Follow these guidelines from Dubai Airports

Dubai International Airport will welcome an estimated 3.5 million guests through its doors between June 20 and July 3, with average total daily traffic reaching 252,000

VPorts Dubai AMM Ingegrator CentreVPorts Dubai AMM Ingegrator Centre

Advanced air mobility: VPORTS starts certification process for vertiports

Construction of the vertiports are scheduled to start in 2024

etihad airways CO2 emissions reduction in 2022

Etihad reports 26% drop in CO2 emissions per RTK in 2022

In its annual sustainability report, the airline stated that it had reduced CO2 emissions per revenue tonne kilometre to 482g compared to the 2019 baseline

Hamad International Airport

Qatar’s Hamad International Airport reports 44.5% spike in passenger traffic in Q1 2023

The airport handled over 540,000 tonnes of cargo and moved over eight million bags through its facility, including over five million pieces of transfer baggage

Khalifa

Khalifa University, ADAFSA join forces to diversify food imports through AI

Khalifa University is also developing an AI platform for smart inspection, which will include an algorithm-based model

ADNOC Drilling 2022 FY performance

ADNOC Drilling reports $802m net profit in 2022, reflecting a 33% YoY rise

ADNOC Drilling reported that its full-year earnings before interest, taxes, depreciation and amortisation touched $1.23bn