BLOOMBERG Soaring demand for travel this winter is boosting refiners’ margins for making jet fuel in Asia, providing a bright spot for the oil market even as the outlook for other transport fuels weakens. The post-pandemic recovery of air travel is gaining pace in China and India, while the US is expecting to see record travel demand during the holiday ...

BLOOMBERG FedEx Corp reported profit below analyst expectations as cost cuts weren’t enough to make up for volume declines at the air-freight unit amid a lingering cargo recession. The company lowered its sales forecast for the fiscal year ending on May 31. Adjusted earnings were $3.99 a share, the Memphis, Tennessee-based company said in a statement. Analysts had expected $4.19. ...

AJMAN/ WAM H.H. Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, has issued Emiri Decree No.14 of 2023, transitioning Ajman University from a for-profit entity to a non-profit institution. This Decree aims at enhancing the University’s academic and research mission, ensuring its financial independence, and providing educational opportunities to students worldwide. According to the Decree, ...