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Dubai’s RTA constructs 19 truck rest stops, lay-bys

DUBAI / WAM Dubai’s Roads and Transport Authority (RTA) is constructing 19 trucks rest stops and lay-bys across several hotspots in Dubai in collaboration with the private sector. The project includes 3 Integrated Truck Lay-bys: one in partnership with the Abu Dhabi National Oil Company (Adnoc) and two in partnership with Almutakamela Vehicle Testing and Registration. In cooperation with Adnoc, ...

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Dubai Customs posts robust H1 performance with 14 million transactions processed

DUBAI / WAM Dubai Customs cleared 14 million customs transactions during the first six months of this year, a 10 percent surge from the 12.7 million transactions registered in the same period last year. The UAE economy is poised to experience further growth and recovery over the second half of 2023, according to forecasts by international banks and organisations, like ...

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AirAsia seeks to exit distressed status as finances improve

BLOOMBERG Long haul budget carrier AirAsia X Bhd has applied to Bursa Malaysia to be removed from the exchange’s financially distressed category after reporting three straight quarters of profit and positive shareholders’ equity. The airline in a statement also asked the bourse to exempt it from the need to submit a regularisation plan, which was due by July 28, and ...

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