Airbus has announced plans to scrap production of the A380 superjumbo.
The European company says it will stop deliveries of the double-decker passenger jet in 2021.
The aircraft has been struggling to compete with more efficient, smaller models.
Airbus will produce 17 more of the planes, including 14 for Emirates Airline and three for Japan’s ANA.
The firm will enter into talks with unions in coming weeks over the 3,000-3,500 jobs potentially affected.
UAE capital markets to remain closed until further notice
The UAE Capital Market Authority has announced that the Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) will be closed from Monday, 2 March 2026, until further notice.
Abu Dhabi to cover costs of extended hotel stays after missile strikes
Abu Dhabi's Department of Culture and Tourism has issued an official circular to hotel managers across the emirate instructing them to extend the stays of guests who are unable to depart due to travel disruptions following missile and drone attacks from Iran.
Oil jumps 10% on Iran conflict and could spike to $100 a barrel, analysts say
Brent crude LCOc1 jumped 10% to about $80 a barrel over the counter on Sunday, oil traders said, while analysts predicted that prices could climb as high as $100 after U.S. and Israeli launched strikes on Iran.
IMF approves $8.1 billion loan for Ukraine
The International Monetary Fund's executive board has approved an $8.1 billion, four-year loan for Ukraine on Thursday, with $1.5 billion to be disbursed immediately to help keep the government running as its war against Russia's invasion drags into a fifth year.
Paramount Skydance wins Warner Bros, Netflix walks away
Paramount Skydance has emerged as the winner in a months-long battle to acquire Warner Bros Discovery, after streaming giant Netflix on Thursday refused to raise its bid for the storied Hollywood studio.
