Business

Oil Giants Post $93 Billion in Q2 Profits as Iran War Fuels Energy Windfall

Hormuz closure sparks energy supply shock, doubling oil majors’ quarterly profits. Eight of the world’s largest oil producers reported combined profits of $93 billion in...

Dubai Gold Prices Rise Near August Peak: What Buyers Are Paying Today

24K gold climbs Dh3.50 on Monday after rising nearly Dh44 since the start of August. Dubai: Gold prices in Dubai moved closer to their August...

UAE Flights Today: Emirates, Etihad and Air Arabia Delays, Cancellations; UAE-India Travel Advisory

Regional airspace restrictions continue as airlines suspend or modify UAE and Gulf routes. Dubai: Flying from the UAE today, August 17? Most UAE flights continue...

World’s Largest Battery-Electric Aircraft Completes Historic 27-Minute Test Flight in New York Using Just $5 Worth of Electricity — What’s Next?

Electric Aviation Reaches a Major Milestone, Advancing from Small Demonstrators Toward Full-Scale Airliners. The world’s largest battery-electric aircraft, weighing 11 tonnes, has taken to the...

UAE bank lending surges as borrowing accelerates in June

UAE bank lending accelerates in June as credit to individuals rises by Dh6.8bn. Dubai: UAE bank lending accelerated in June, with an additional Dh24.7 billion...

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