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Flights to Los Angeles will be resumed from 22 July
9 July 03:08 PM Emirates airline reopens flights to six more cities
Dubai - Mubasher: Emirates airline on Thursday announced the resumption of services to six more destinations, taking the airline’s network to 58 cities by mid-August, including 20 points in Europe and 24 points in the Asia Pacific region. Flights …
8 July 04:04 PM United States to leave WHO next year
The United States will withdraw from the World Health Organization (WHO) on 6 July 2021.
7 July 05:30 PM Eurozone expected to see deeper recession than forecast
The euro zone economy will slide deeper into recession in 2020 and recover less in 2021 than previously expected
This is NEOM’s first partnership with leading renewable energy partners
7 July 03:47 PM NEOM, ACWA Power, Air Products ink $5bn agreement
Riyadh - Mubasher: Air Products has signed an agreement with ACWA Power, and NEOM for a $5 billion world-scale green hydrogen-based ammonia production facility powered by renewable energy. The project, equally owned by the three partners, will be …
The airline aims to operate nearly 45% of its pre-COVID capacity by August
7 July 12:54 PM Etihad Airways to expand services to 58 cities worldwide
Abu Dhabi - Mubasher: Etihad Airways announced the gradual expansion of normal scheduled services to more cities across its global network following the relaxation of COVID-19 travel restrictions on outbound and inbound travel for citizens and …
6 July 05:37 PM Big four auditors in UK to separate practices by mid-2024
The UK's Big Four accounting firms, comprising PwC, Deloitte, KPMG, and EY, will separate their audit practices by June 2024.
6 July 04:27 PM Uber acquires on-demand food delivery app Postmates for $2.65bn
Uber Technologies Inc. has acquired food-delivery service Postmates Inc. for about $2.65 billion in an all-stock transaction.
5 July 04:12 PM Fujifilm collaborates with GRA, Dr Reddy’s for potential coronavirus drug
Global Response Aid (GRA) and Dr. Reddy’s Laboratories signed an agreement with Japan’s FujiFilm Corporation for the production and distribution of Avigan.
2 July 04:44 PM US initial jobless claims surge 1.427m
The initial jobless claims in the US increased for the first time more than expected by 1.427 million in the week ending on 27 June.
1 July 05:41 PM Asia's economy likely to contract 1.6% in 2020
The IMF expected that Asia's economy will retreat by 1.6% for the first time in history during 2020.
1 July 04:21 PM EasyJet to slash jobs in Berlin, cancel German domestic flights
EasyJet said on Wednesday that it plans to cut jobs and the number of aircraft stationed in Berlin.
30 June 06:07 PM UK's economy slides to 40-year low in Q1-20
The UK’s economy witnessed the steepest drop since 1979 during the first quarter of 2020 as household spending collapsed to record levels.
29 June 05:15 PM UK aims to sell GBP 275bn of debt in 5M
The UK is looking to raise a record GBP 275 billion ($340 billion) of government debt from April until the end of August
29 June 05:02 PM BP to sell petrochem business to INEOS for $5bn
London-based BP has approved to sell its global petrochemicals business to INEOS, one of the world's largest chemical producers, at a total of $5 billion.
29 June 04:58 PM COVID-19 drug remdesivir priced at $2,340 per patient in US
Gilead Sciences Inc has set the price of its COVID-19 drug candidate remdesivir at $390 per vial for the US and other developed countries.
Mansour Group, from Egypt, came in first place
28 June 03:24 PM Top 100 Arab family businesses include 36 Saudi firms - Forbes
Mubasher: Saudi Arabia has dominated this year’s Forbes Middle East Top 100 Arab Family Businesses, which are seen as the backbone of the region's economy. Saudi Arabia came in the lead with 36 family businesses, followed by the UAE with 21 …
25 June 04:36 PM Global growth expected to slow down amid COVID-19 - IMF
The International Monetary Fund (IMF) expected that the global economy will grow at 4.9% in 2020, down 1.9% from its economic forecasts in April.
25 June 03:40 PM IATA projects airlines to lose $84bn in 2020
Air travel shrank by 98% year-on-year (YoY) in April 2020 as countries closed their borders in attempts to contain the coronavirus (COVID-19) pandemic.
25 June 02:27 PM Wirecard files for insolvency with $4bn owed to creditors
Mubasher: Wirecard will file for insolvency proceedings, owing its lenders nearly EUR 3.5 billion ($3.9 billion).
24 June 05:44 PM US mulls imposing $3.1 billion tariffs on EU exports
The US is considering imposing new tariffs worth $3.1 billion on exports from France, Germany, Spain, and the UK.
24 June 03:11 PM Wirecard’s former CEO freed on EUR 5m bail
The former CEO of Wirecard Markus Braun has been released from custody after being arrested on suspicion of falsifying the German payments firm’s accounts.
23 June 04:59 PM Eurozone's economic downturn sharply retreats in June
The eurozone's economic downturn was lowered for the second consecutive month in June as the lockdown and restrictions imposed amid coronavirus (COVID-19) are continuing to ease.
23 June 04:35 PM Uber launches new enhanced safety precautions amid COVID-19
Uber on Tuesday rolled out unprecedented safety measures to help everyone using its app to stay safe and sound.
23 June 04:33 PM Amazon launches $2bn clean energy venture capital fund
Mubasher: Amazon Inc announced the launch of The Climate Pledge Fund with an initial $2 billion in funding.
Pilgrims pray around the Kaaba, Hajj 2019 - (Photo Credit: Getty Images)
23 June 11:20 AM Saudi Arabia to limit Hajj this year to citizens, residents
Riyadh - Mubasher: Saudi Arabia has allowed the Hajj for this year to go forward with a small number of pilgrims, limited to citizens and residents aged 65 or younger, who are already in the kingdom, the Saudi Ministry of Hajj and Umrah said in a …