Author: Arabian Media staff
A-list actress Sydney Sweeney appears to be driving hopes among the retail crowd that her fall campaign for the retailer boost its sagging shares. Source link
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Image: DIFC Courts The Dubai International Financial Centre (DIFC) Courts reported a sharp rise in activity during H1 2025, with a 38 per cent year-on-year increase in total claims and a combined value of Dhs6.8bn ($1.85bn). The data reflects growing demand for independent dispute resolution amid complex commercial activity and wider economic headwinds. A total of 650 claims were filed across the courts’ divisions from January through June, up from 470 during the same period last year. The average claim value across all divisions stood at Dhs13.2m, according to figures released by the DIFC Courts. Higher value disputes, more opt-ins…
Image: Pexels/Representative image A passenger plane carrying 49 people has gone missing in Russia’s Far East, with search operations currently underway, according to Reuters. Citing the regional governor, Reuters reported that air traffic controllers lost contact with the An-24 aircraft on Thursday as it was approaching its destination in Tynda, a remote town in the Amur region bordering China. The aircraft, operated by the Siberia-based airline Angara, reportedly vanished from radar screens during its descent. Read: Air India crash: What are the fuel switches at the centre of the probe? Amur region governor Vasily Orlov said initial reports indicated that…
President Donald Trump is going to visit the Federal Reserve on Thursday, as the White House increasingly makes the case that construction cost overruns at the central bank are a reason to remove Chair Jerome Powell. Source link
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Image: Hala/ RTA Hala, the e-hailing taxi joint venture between Careem and Dubai’s Roads and Transport Authority (RTA), reported a strong H1 performance in 2025, with double-digit growth in trips and user numbers across Dubai and Ras Al Khaimah, along with progress in fleet sustainability and operational efficiency. Taxi trips in Dubai rose 12 per cent year-on-year in H1, while active users increased by 10 per cent, the company said in a statement. In Ras Al Khaimah, trips climbed 11.3 per cent and users grew 15 per cent. The company expanded its fleet by 250 vehicles in the first half…
Image credit: Getty Images Emirates NBD, Dubai’s biggest bank by assets, reported on Thursday a 9 per cent fall in its first-half net profit, as lower recoveries and a new higher tax rate impacted the lender’s results. The bank posted a net profit of Dhs12.5bn ($3.40bn) in the six months to June 30, down from Dhs13.8bn over the same period in 2024. Read-Dubai: DLD, Emirates NBD partner to streamline property registrations, deals ENBD, majority-owned by Dubai’s government, said recoveries in the first half of 2025 were down by Dhs2bn, which compared with “very strong recoveries” last year, the bank said…