DUBAI: Emirates Group has reported a historic profit of AED 22.7 billion (US$ 6.2 billion) for the financial year 2024-25, making it the world’s most profitable aviation group. This marks an 18% increase from the previous year and reflects surging global demand for air travel and logistics. The Group also posted record revenue of AED […]
OMAHA, NEBRASKA: In a surprise announcement that left thousands of investors speechless, Warren Buffett said he will retire as CEO and chair of Berkshire Hathaway at the end of 2024. The 93-year-old billionaire, affectionately called the “Sage of Omaha”, made the statement during the company’s annual general meeting, following a five-hour Q&A session. Buffett declared […]
NEW DELHI: Apple ramps up iPhone production in India as it repositions its global supply chain amid U.S. trade tensions. CEO Tim Cook announced, “A majority of iPhones sold in the US will have India as their country of origin,” during the company’s latest earnings call. The shift comes as Apple looks to minimize exposure […]
musafir.com unveils musafirtag travel platform at ATM 2025, offering agents next-gen tools, Emirates NDC, and visa automation. Delhi: The newly launched musafirtag travel platform by musafir.com is reshaping the GCC’s travel trade, offering agents a smart, scalable booking tool. Introduced at Arabian Travel Market (ATM) 2025, this next-generation B2B solution aims to empower travel professionals […]
Dubai: Taiba Investments will launch the new identity of its home-grown hospitality brand, Makarem, at Arabian Travel Market (ATM) 2025, during its participation in the forum taking place at the Dubai World Trade Centre from April 28 to May 1. Taiba Investments, the leading Saudi company in the hospitality sector, aims to showcase the evolution […]
Dubai: The IBPC Dubai Annual Conclave 2025 at Taj Exotica brought together over 350 business leaders, diplomats, and dignitaries, celebrating the deepening Indo-UAE partnership. Graced by former President of India, HE Shri Ram Nath Kovind, and Consul General HE Satish Sivan, the evening showcased IBPC Dubai’s growing influence in fostering innovation, economic collaboration, and people-to-people […]
SCM Middle East Conclave: Former President of India Ram Nath Kovind Calls IMEC Not Just a Trade Route, But a Bridge Between Civilizations Dubai: The SCM Middle East Conclave & Awards 2025 concluded today, reinforcing Dubai’s role as a global logistics hub. Hosted by Logistics Shakti, the event gathered over 400 CEOs, investors, and policymakers […]
DUBAI: Dubai’s commercial transport scene is shifting gears in 2024, with commercial vehicle growth surging 43% and vehicle rental companies rising by 33%, according to the Roads and Transport Authority (RTA). The numbers are impressive. A total of 867 new rental firms were registered this year, pushing the total to 3,494 active companies—up from 2,627 […]
DUBAI: Global logistics giant DP World has reached a major sustainability milestone—65% of its electricity came from renewable sources in 2024. This achievement, revealed in the company’s latest Sustainability Report, marks a key step in transforming how global trade is powered. The report details how DP World invested $1.17 billion in green and low-carbon infrastructure, […]
Dubai: PNC Investments LLC (PNCI), the parent company of global luxury real estate developer Sobha Realty, has received an upgrade in its Corporate Family Rating (CFR) from Moody’s Ratings, which raised the rating to Ba2/stable from Ba3/stable. Additionally, the senior unsecured rating of PNCI’s existing $500 million sukuk issued by Sobha Sukuk Limited has been […]
DUBAI: PayPal, the global digital commerce platform, has today opened a new regional hub in Dubai, which serves as the company’s first ever location in the Middle East and Africa. The Dubai Internet City site strengthens PayPal’s commitment to its customers and partners in the region and commitment to enabling millions more consumers and businesses […]
