Author: Arabian Media staff
Image: Air Arabia Air Arabia, the Middle East and North Africa’s largest low-cost carrier, will expand its services to Bangkok with the launch of a third daily direct flight between Sharjah and the Thai capital, starting October 26. The increased frequency will connect Sharjah International Airport and Bangkok’s Suvarnabhumi International Airport with three non-stop flights each day, offering passengers greater flexibility and enhanced connectivity between the UAE and Thailand. Read: Air Arabia-led consortium wins bid to launch new low-cost airline in Saudi Arabia Flight to boost tourism “We are glad to expand our service to Bangkok, which reaffirms our ongoing…
UBS said it’s now achieved $9.1 billion of gross savings from its purchase of Credit Suisse as the Swiss banking giant reported stronger-than-forecast second-quarter earnings. Source link
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Binance has firmly established itself as a key player in the Middle East and North Africa (MENA) region. Through a mix of hyper-localisation, regulatory engagement, and innovation-first thinking, the platform has seen approximately 20 per cent growth in MENA since 2020. At the heart of this effort is Bader Al Kalooti, regional head MEASAT at Binance, who is spearheading the company’s expansion across the Gulf, Africa, and beyond. In this exclusive interview, Al Kalooti breaks down how Binance is navigating diverse regional dynamics, strengthening regulation-first strategies, and unlocking the next wave of blockchain innovation. Local relevance, global scale The company’s…
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A magnitude 8.8 earthquake struck off Russia’s Kamchatka Peninsula on July 30, 2025. (Credit: Getty Images) A powerful magnitude 8.8 earthquake struck off Russia’s Far Eastern Kamchatka Peninsula on Wednesday, damaging buildings and generating tsunami waves up to 4 metres high. Authorities reported several injuries in the remote Russian region, with strong aftershocks expected. The quake prompted tsunami warnings and evacuations across the Pacific, including in Japan, Hawaii, parts of the US West Coast, and several Southeast Asian nations. In Kamchatka, ceiling panels were damaged at Petropavlovsk-Kamchatsky International Airport, but flights continued on schedule. The runway was reported to be…
Image: Aldar Aldar Properties reported a 24 per cent year-on-year increase in net profit after tax to Dhs4.1bn for H1 2025, driven by strong development sales, the recognition of a record revenue backlog, and continued expansion across its investment platform. H1 revenue rose 42 per cent year-on-year to Dhs15.5bn, while gross profit grew 39 per cent to Dhs5.3bn. EBITDA increased 38 per cent to Dhs5.3bn. Net profit before tax reached Dhs4.7bn, up 35 per cent year-on-year, with earnings per share rising 27 per cent to Dhs0.45. In Q2 alone, Aldar recorded revenue of Dhs7.7bn, up 46 per cent year-on-year, and…
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Images: DTC/ Dubai Media Office Dubai Taxi Company (DTC) reported a 33 per cent year-on-year rise in net profit to Dhs105.4m for Q2 2025, as rising passenger demand and expanded fleet operations supported top-line growth. Revenue for the quarter grew 18 per cent to Dhs625.2m, with earnings before interest, tax, depreciation, and amortisation (EBITDA) rising 30 per cent to Dhs180.6m, reflecting stronger operational efficiency and lower promotional costs at subsidiary Connectech. The EBITDA margin climbed three percentage points to 29 per cent in Q2 2025. For H1, revenue rose 11 per cent to Dhs1.2bn and the EBITDA margin stood at…
Ready for some ‘sticker shock?’ Retiree healthcare expenses keep rising. Source link