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An investigation is underway after a FedEx Airlines Boeing 767 cargo plane was forced to make an emergency landing at Istanbul Airport after the aircraft's nose gear failed to deploy.
DUBAI, United Arab Emirates — Dubai-based carrier Emirates airline on Monday reported record annual profit of 17.2 billion dirhams ($4.7 billion) for the 2023-2024 financial year, up 63% from the year prior.
"It's definitely an earthquake."
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.
Saudi Aramco's first-quarter net profit fell 14% year-on-year amid lower oil prices and production.
Turkey's inflation accelerated to 69.8% annually for the month of April, the Turkish Statistical Institute reported Friday.
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.
Asset manager BlackRock will launch an investment platform in Riyadh with the help of a $5 billion anchor investment from Saudi Arabia's Public Investment Fund, the kingdom's sovereign wealth fund.