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Air Arabia’s Q1 2024 net profit reaches AED 266 million

First quarter turnover increased 8% to AED 1.54 billion; and 13% increase in number of passengers carried to 4.4 million. Sharjah: Air Arabia (PJSC), the first and largest low-cost carrier (LCC) operator in the Middle East and North Africa, today reported a strong first quarter 2024 financial and operational results, as the airline continued to […]

Healthcare series debuts on Abu Dhabi’s big screens for Global Healthcare Week

Strap: H for Hope, the region’s first-ever healthcare series based on real-life patient stories, has been produced by Burjeel Medical City. Abu Dhabi: Emotions ran high at Cinemacity, Al Qana, as Burjeel Medical City (“BMC”) premiered the region’s first-ever healthcare series. Aptly titled H for Hope, the first season features five inspiring and stirring short […]

OPEC notes UAE’s strong non-oil sector growth, showcasing continued resilience

Vienna: In its latest update, the Organisation of the Petroleum Exporting Countries (OPEC) highlighted the sustained expansion of the United Arab Emirates (UAE) non-oil sectors, attributing this growth to robust government backing and resilient demand. According to OPEC’s May report, the UAE witnessed a notable year-on-year surge of 7.3 percent in the non-oil Gross Domestic […]

IMF Chief warns: AI endangers 60% of developed economy jobs

Zurich: During a conference in Zurich, Christine Lagarde, Managing Director of the International Monetary Fund (IMF), forecasted that artificial intelligence (AI) would influence 60% of jobs in advanced economies and 40% globally within two years. Lagarde noted that while effectively managed, AI could substantially boost productivity, its unchecked proliferation could exacerbate misinformation and social inequality. […]

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