flydubai records AED2.1 billion net profit in 2023

DUBAI: flydubai announced today record-breaking annual results for its financial year ending 31st December 2023, with net profit reaching AED2.1 billion (US$572 million), an increase of 75 percent compared to 2022, marking the carrier’s strongest-ever…

Maktoum bin Mohammed meets with CEO of FedEx

DUBAI: H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, today met with Raj Subramaniam, President, Chief Executive Officer, and Director, FedEx Corporation and Richard W. Smi…

Kuwait oil price down to US$81.71

KUWAIT: The price of Kuwaiti crude oil went down by US$1.30 on Wednesday to reach US$81.71 per barrel, compared to US$83.01 on Tuesday, said the Kuwait Petroleum Corporation (KPC) on Thursday.

In international markets, Brent crude oil rose by 69 cent…

UAE, Estonia collaborate to strengthen food management

DUBAI: The Ministry of Climate Change and Environment (MoCCAE) signed a memorandum of understanding (MoU) with the Ministries of Climate and Regional Affairs and Agriculture of the Republic of Estonia today. This agreement aims to strengthen joint eff…