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Deutsche Lufthansa AG predicted demand for travel will remain strong in coming months as the desire to travel in the wake of the pandemic outweighs concerns about higher cost of living and the uncertain economic future. The airline group said demand for flights in the fourth quarter looks strong, adding it also expects a robust performance for its maintenance and ...
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October, 2022
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30 October
China Southern cancels planned return of two Boeing 737 MAX flights
China Southern Airlines Co. cancelled two scheduled flights that would have used Boeing Co.’s 737 Max, further postponing the return of the aircraft in the country since it was grounded in March 2019. The planned flights on October 30 were to be from Guangzhou to the cities of Wuhan and Zhengzhou, according to China Southern’s website. China’s largest airline originally ...
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30 October
Cathay Pacific to restore some flights using Russian airspace
Cathay Pacific Airways Ltd. will restart using Russian airspace several months after Moscow’s war in Ukraine upended the aviation industry and global flight paths, becoming among earliest of major airlines to do so. Hong Kong’s main airline will fly from New York to the Asian financial hub using the so-called Polar Route from November 1, the company said in an ...
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30 October
Trump 2024 presidential bid would be very unusual
Jonathan Bernstein The Democratic presidential nomination cycle is somewhat unusual for a party with a first-term incumbent president. The Republican 2024 cycle? There has never been anything remotely like it. Of course this is all about former President Donald Trump, whose unannounced campaign has been going strong since the day he left the White House. Trump is doing all the ...
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30 October
Stock rally faces a wall of risk in Fed, jobs
Jonathan Levin The latest bear-market rally in US stocks has brought investors off the sidelines and provided a welcome reprieve from three quarters of gloom. But traders now need to ask themselves whether the risks continue to justify the potential returns. The S&P 500 Index has rallied 7.9% since October 12, helped by hardy corporate earnings, stabilizing US Treasury yields ...
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29 October
Masdar opens new office in Saudi to expand presence
Abu Dhabi / WAMÂ Masdar has pledged to strengthen its support for Saudi Arabia’s clean energy objectives by opening a new dedicated office in the Kingdom. Masdar will also participate with partners in the upcoming Round 4 tender announced by the Saudi Power Procurement Co. (SPPC) for wind and solar projects with a combined capacity of 3.3 gigawatts (GW). The ...
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29 October
Amanat buys 60% stake in HDC for AED215.3 million
Dubai / WAM Amanat Holdings has announced the acquisition of a 60% stake in Human Development Company (HDC), a provider of special education and care (SEC) services in Saudi Arabia covering educational, medical, and rehabilitation services, for an initial consideration of SAR220.3 million (AED215.3 million) and a contingent consideration of up to SAR47.1 million payable subject to future earnings growth. ...
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29 October
Borouge’s 9-month revenue up 13.5% to $5.13b on strong sales
Abu Dhabi / WAMÂ Borouge Plc on Friday announced its financial results for the nine-month and three-month periods ended September 30, with the company maintaining positive year-to-date performance driven by strong sales volumes. Borouge reported a 13.5% increase in revenue to AED18.84 billion ($5.13 billion) for the nine months to September 30, versus the same period in the prior year. ...
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29 October
Enec showcases success of UAE’s nuclear energy sector at IAEA event
ABU DHABI / WAMÂ The Emirates Nuclear Energy Corporation (Enec) has showcased the success and impact of the UAE nuclear energy sector at the 5th annual IAEA International Ministerial Conference on Nuclear Power in the 21st Century, which is taking place in Washington DC, United States. The conference brings together ministers, policymakers, senior officials and experts to engage in high-level ...
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29 October
Emirates to showcase luxury private jet at Abu Dhabi Air Expo
Dubai / Gulf Time Emirates will be showcasing its Airbus A319 aircraft this year at Abu Dhabi Air Expo 2022. Emirates Executive, the airline’s luxury private jet will be on display on November 1 to visitors who want a glimpse into the spectacular world of private luxury flying on Emirates. Emirates Executive was introduced in 2013, complete with luxury interiors, ...
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