The ongoing government shutdown has prompted the Federal Aviation Administration (FAA) to implement a significant reduction in air traffic. Starting Friday morning, the FAA will cut flights by 10% across 40 high-volume markets to ensure safety and manage the strain on air traffic controllers who have been working without pay since the shutdown began on…
In a significant event marking the inauguration of the Grand Egyptian Museum (GEM), Azza Fahmy Jewellery has launched a captivating retrospective at its boutique within the museum. This exhibition highlights the brand’s enduring connection to Ancient Egyptian culture and artistry. Immersive Experience at the Boutique The boutique has been transformed into an immersive showcase of…
The Gulf Cooperation Council (GCC) is rapidly establishing itself as a leading hub for artificial intelligence (AI), particularly in the adoption of generative AI among frontline workers. A recent study by Boston Consulting Group highlights that the region’s commitment to AI is significantly outpacing global trends, driven by robust policy frameworks and substantial corporate investments….
The UAE’s industrial sector has demonstrated remarkable growth, contributing Dh190 billion (approximately USD 51.74 billion) to the nation’s gross domestic product (GDP) in 2024. This marks a substantial 62% increase since 2020, reflecting the country’s ongoing commitment to economic diversification and innovation. Industrial Growth and Export Targets Dr. Sultan Al Jaber, the Minister of Industry…
Boeing has settled with one plaintiff in a trial concerning the tragic 2019 Ethiopian Airlines crash that resulted in the loss of 157 lives. This settlement comes just before the trial was set to commence in Chicago, where families of the victims have been seeking justice for their loved ones. Details of the Settlement The…
A significant development is underway in Fujairah, where the emirate is set to launch its first gasoline refinery. This initiative, led by Brooge Petroleum and Gas Investment Company (BPGIC) in collaboration with Honeywell, aims to enhance the UAE’s refining capabilities and bolster its position in the global energy market. Project Overview The agreement between BPGIC…
Turkish Airlines has successfully finalized a significant financing agreement with the Bank of China, amounting to approximately $412 million. This strategic move is part of the airline’s broader initiative to diversify its funding sources and support its long-term growth objectives. Details of the Financing Agreement The financing, structured as a five-year facility, was arranged by…
A significant development in the energy sector has emerged as XRG, the international energy investment arm of ADNOC, has entered into a framework agreement with Argentina’s YPF and Italy’s Eni. This collaboration aims to explore the establishment of a large-scale liquefied natural gas (LNG) project in Argentina, which is poised to be one of the…
Gopichand P. Hinduja, the chairman of the Hinduja Group and a significant figure in global business, has passed away at the age of 85 in a London hospital. His health had been declining for several weeks prior to his death, as reported by various media outlets. Early Life and Career Born in 1940, Gopichand was…
Late last night, Pakistan International Airlines (PIA) faced operational disruptions that led to significant delays and cancellations on various domestic and international flights. The interruptions were reportedly linked to pressures from a derecognized entity, SEAP, amid PIA’s ongoing privatization efforts. Quick Response to Operational Challenges PIA’s management and Engineering Department worked diligently to restore normal…