“Following the drone attack on the Khor Mor facility (in KRI) on April 26, concerted efforts between Dana Gas and its partners are ongoing towards setting a swift completion date for the…
Tag: higher
Dubai aircraft lessor DAE posts higher first-half revenue, pre-tax profit
For the first half of 2024, Dubai Aerospace Enterprise (DAE) reported higher revenue of $679.2 million and a pretax profit of $154.3 million, as demand for both leased aircraft and airframe maintenance led…
Cost of going green: Airline passengers face higher airfares under new emission rules
Lufthansa, Germany’s flag carrier, said Tuesday it would add an environmental charge of up to 72 euros (Dh282.3) to its fares, joining at least one European rival in doing so as the…
International Energy Agency sees higher world oil demand this year
Oil prices rose yesterday as the International Energy Agency’s predicted a tighter market in 2024 and raised its view on oil demand growth this year. Brent crude oil futures for May rose…
UAE businesses record higher orders in February – but Red Sea situation is causing supply chain issues
This then set off the ‘sharpest rise’ in output levels since mid-2019, even though there are ‘further signs that competitive pressures remained present’. One issue that businesses did face was the disruption brought…
Emirates Islamic Bank turns in Dh2.12b net profit despite higher provisions
“We exceeded all expectations in 2023, including our highest-ever profit. Emirates Islamic’s gross financing increased in 2023, including improved productivity and return on assets,” said Faird Al Mulla, CEO. “In 2023, we…
Will UAE and Gulf businesses, consumers face higher costs as Red Sea uncertainties persist?
Dubai: Businesses in the UAE and Gulf are preparing for sharp increases in their shipment costs to and from Europe as the Red Sea crisis keeps simmering. So far, container rates have…