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Air Arabia Q2 profit up 75% to AED210mn

Sharjah / Emirates Business Air Arabia (PJSC) announced strong financial and operational results for the second quarter of this year ending on June 30, as the Middle East and North Africa’s first and largest low-cost carrier continued to deliver robust and sustained performance. Air Arabia registered a record net profit of AED 210 million for the three months ending on ...

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Etihad to fly Dreamliners to Jakarta, Maldives

ABU DHABI / WAM Etihad Airways will introduce the Boeing 787 Dreamliner on its flights from Abu Dhabi to Jakarta, Indonesia, and will upgrade its daily morning service to Male, Maldives, to the wide-body aircraft on a seasonal basis, it was announced on Wednesday. In a press statement, the carrier said the airline’s two daily scheduled services from Abu Dhabi ...

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Adnoc seals investment deal with Vitol oil storage unit

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) on Wednesday announced a strategic investment in global storage terminal owner and operator VTTI BV (VTTI). As part of this agreement, Adnoc will acquire a 10 percent equity stake in VTTI. Following the transaction, VTTI will be owned 10 percent by Adnoc, 45 percent by IFM Global Infrastructure Fund ...

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