United Arab Emirates
ADNOC Gas Q3 profit hits record high
ADNOC Gas reported a record Q3 net profit of $1.34 billion, up 8% year-on-year, driven by strong domestic demand and improved margins, despite weaker oil prices.
Saudi budget airline flyadeal is putting the finishing touches to a deal to order 10 Airbus A330neo jets in its first full-blown expansion into wide-body planes, as the kingdom pursues a surge of spending on aviation, industry sources said on Tuesday.
Airbus A330neo airliner plane © Mena Today
Saudi budget airline flyadeal is putting the finishing touches to a deal to order 10 Airbus A330neo jets in its first full-blown expansion into wide-body planes, as the kingdom pursues a surge of spending on aviation, industry sources said on Tuesday.
The low-cost subsidiary of state carrier Saudia is likely to unveil the order for the upgraded A330-900 variant in the coming weeks after comparing it with Boeing's smaller 787-9, and the first jets are expected to arrive in 2027, the sources said.
Reporting by Tim Hepher
ADNOC Gas reported a record Q3 net profit of $1.34 billion, up 8% year-on-year, driven by strong domestic demand and improved margins, despite weaker oil prices.
Canadian-Israeli investment group Awz Ventures is moving ahead with a massive new semiconductor project in southern Israel, setting aside roughly 5 billion shekels (about $1.3 billion) to build an advanced fabrication plant in Ashkelon.
The Dubai Integrated Economic Zones Authority (DIEZ) has confirmed that more than 112 American companies are now operating across its three key zones — Dubai Airport Free Zone, Dubai Silicon Oasis, and Dubai CommerCity — making up 3.4% of total registered firms.
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