Etihad Airways signals possible IPO after 2023 revenue rebound
Abu Dhabi's Etihad Airways is gearing up for a potential initial public offering after increasing revenue in 2023 on the back of a 40% boost in passenger numbers.
Dan Murphy in asian news
Etihad reveals $7 billion investment plan over five years, will retrofit old Boeing jets
Etihad Airways on Wednesday revealed a $7 billion investment plan over the next five years in a bid to "double the size of the airline until 2030."
Saudi Arabia expects to get access to Nvidia's high performance chips 'within the next year'
Saudi Arabia is optimistic about gaining access to U.S. chipmaker Nvidia's high-performance chips, which would enable it to develop and operate the most advanced artificial intelligence models.
CEO of property firm Damac expresses concerns over 'expensive' Dubai
DUBAI, United Arab Emirates — Dubai's property scene is showing no sign of cooling off, as 2024 is on track to be another record year in terms of sales figures and property values, according to local real estate firms.
Oil market 'oversold'? Analysts and traders pin crude's price plunge on demand, trading strategies
Oil prices defied the announcement of extended supply cuts from the OPEC+ alliance with brisk declines, with analysts and traders faulting certain trading strategies and the demand picture for the downturn.
Singapore Airlines' turbulence incident offers a lesson to all in the business, says Emirates president
The recent Singapore Airlines turbulence incident and how the aftermath was handled offers a lesson to all in the industry, Emirates President Timothy Clark said.
Japan confirms first currency intervention since 2022 with $62 billion in spending
Data from Japan's Ministry of Finance on Friday confirmed the country's first currency intervention since 2022, after the yen plunged to a 34-year-low in April.
Emirates' chairman has a message for Boeing: 'Get your act together'
DUBAI, United Arab Emirates — One of Boeing's biggest customers issued a call to action to its new management team, expressing frustration with the safety crisis facing the American plane maker and the consequent delays in order deliveries.
Abu Dhabi AI firm Presight buys majority stake in technology joint venture AIQ
DUBAI — Abu Dhabi artificial intelligence firm Presight bought a 51% stake in AIQ, a joint technology venture between the Abu Dhabi National Oil Company, or ADNOC, and G42, a major Abu Dhabi-based AI and cloud company.