Business

Oil giant Saudi Aramco on Sunday unveiled record profits of $48.4 billion in the second quarter of 2022, after the war in Ukraine and a post-pandemic surge in demand sent crude prices soaring.

A digital vulnerability in the computer systems used on some Boeing aircraft that could have allowed malicious hackers to modify data and cause pilots to make dangerous miscalculations has been fixed.

The emirate of Abu Dhabi recorded AED 124 billion in non-oil foreign trade in the first-half of 2022.

Emaar has signed a deal with Dubai Holding to fully acquire Dubai Creek Harbour, in a deal worth AED 7.5 billion.

Johnson & Johnson will stop selling talc-based baby powder globally in 2023, more than two years after it ended U.S. sales of a product that drew thousands of consumer safety lawsuits.

Dubai’s only instant rewards programme, Tickit, has teamed up with Visa to offer four lucky winners an all-expenses-paid trip for two to the FIFA World Cup Qatar 2022.

Dubai Airports has won the Gold Stevie Award for the most innovative workplace redesign during the COVID-19 pandemic.

Dubai Electricity and Water Authority (DEWA) has reported H1 2022 revenue of AED 12.08 billion and net profits of AED 3.30 billion, an increase of 33 per cent year-on year (YoY), while second quarter results showed a net profit of AED 2.61 billion.

Dubai’s Roads and Transport Authority (RTA) has won the Best Business Award 2022 for the Innovative Use of Technology.

Etihad Airways is set to strengthen connectivity between the UAE and the Philippines this winter with an additional daily service to Manila.

Air Arabia has reported a strong first half (January to June) 2022 as recovery in demand for air travel continued.

The UAE and the UK have joined forces for a major project to strengthen Senegal's national emergency response infrastructure.

Emirates is investing over $2 billion to enhance its inflight customer experience, including a massive programme to retrofit more than 120 aircraft with the latest interiors.

Abu Dhabi National Energy Company (TAQA) has reported a net income (TAQA-share) of AED 4.3 billion, 50 per cent higher than the prior year, with a greater contribution from the oil and gas segment in its consolidated financial results for the period ending June 30.

Tesla Chief Executive Officer Elon Musk sold $6.9 billion worth of shares in the electric vehicle maker, saying the funds could be used to finance a potential Twitter deal if he loses a legal battle with the social media platform.

Close on the heels of reintroducing double-daily flights to Mauritius, Emirates has announced plans to up frequencies to the island nation, starting October 1, 2022.

International Holding Company PJSC (IHC), a diversified Abu Dhabi-based conglomerate, has posted new record profits in the first half of 2022.

The Dubai International Financial Centre (DIFC) is setting up a hub for global and regional family-owned businesses, ultra-high net worth individuals and private wealth.

The UAE has introduced new compliance requirements for certain real estate transactions as part of efforts to combat money laundering and the financing of terrorism.

ADNOC Distribution reported strong first half results for 2022, recording an EBITDA of AED 1.99 billion and net profits of AED 1.56 billion.

Total assets of the 22 national banks rose to AED 3.023 trillion in the first five months of 2022, up 4 per cent (AED 117.3 billion), according to the latest statistics released by the UAE Central Bank (CBUAE).

Expo 2020 Dubai has reaffirmed its commitment to gender equality and women’s empowerment.

Expo 2020 Dubai and the United Nations Global Compact are joining forces to hold a Sustainable Development Goals Business Forum.

More than 2,500 online travel agents, tour operators, hotel groups and airlines have signed on as Authorised Ticket Resellers (ATRs) for Expo 2020 Dubai.

A spectacular line-up of sights, sounds and tastes await visitors at Expo 2020 Dubai, through a series of specially curated itineraries.

Apple on Tuesday launched the iPhone 12 with faster 5G connectivity, which the company hopes will spur a wave of upgrades and keep its sales booming through the end of the year.