Author: Arabian Media staff
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
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The UAE General Civil Aviation Authority (GCAA) has granted the country’s first regulatory approval to trial autonomous baggage handling vehicles at Dubai World Central – Al Maktoum International (DWC), marking a key step in the nation’s push toward smart aviation infrastructure, according to a report published by state news agency, WAM. The approval, developed in coordination with Dubai Airports and ground handling provider dnata, enables real-time testing of multiple autonomous baggage tractors under live airside conditions. The framework balances innovation with operational safety and positions DWC as a hub for next-generation airport technologies. “This approval represents a key milestone for…
Proposed new rules would cause ‘a significant new burden,’ critics say Source link
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