Dubai's Dnata buys stake in Brazil airport services firm RM
The company that runs Dubai-based airline Emirates says it has bought a majority stake in a Brazilian firm that provides ground handling services at...
Oil prices up as Canada wildfires threaten crude output
Oil prices climbed in Asia Thursday with Brent breaching $45 a barrel following a fall in US production while raging wildfires threatened to cut...
Air Arabia profit slips 6% in 2015
Sharjah-based budget carrier Air Arabia said on Sunday its 2015 net profit fell six percent to 531 million dirhams ($144.69 million) although turnover rose...
Oil prices fall further in Asia
Oil prices extended losses in Asia Thursday following a rise in US commercial crude stockpiles, while traders turned cautious ahead of a crunch producers'...
Saudi Aramco keeps up investment despite crude fall
Saudi Aramco, the world's biggest oil exporter, is maintaining investments despite cutting costs in other ways to cope with plummeting crude prices, the company's...
UAE energy minister expects oil prices to recover this year
United Arab Emirates Energy Minister Suhail al-Mazrouei said Tuesday he expects a recovery in plummeting oil prices before the end of the year.
“I am...
World disasters cost $71 billion in first half of 2016
From earthquakes in Japan to wildfires in Canada, disasters cost the world economy $71 billion (62 billion euros) in the first half of the...
Gulf Air cuts losses by more than 60%
Bahrain's struggling carrier Gulf Air said Wednesday it reduced losses by 62 percent last year as a result of the company's restructuring.
Losses fell from...
Amanat Holdings to buy 35% stake in Saudi healthcare firm
Amanat Holdings, an education and healthcare company, is acquiring a 35 per cent stake in Sukoon International, a Saudi Arabian healthcare company.
Amanat, which has...
Kuwait and Saudi agree to resume output at disputed oilfield
Saudi Arabia and Kuwait have reached a deal to resume production at the disputed Khafji offshore oilfield, Kuwait's acting oil minister said on Tuesday.
"An...
