Author: Arabian Media staff
Image credit: airindia/Instagram The Air India plane crash on Thursday which left more than 240 people dead, the worst aviation disaster in a decade, will challenge the airline’s ambitious campaign to restore its reputation and revamp its fleet. After taking the carrier over from the government in 2022, the Tata Group unveiled plans to reverse years of underinvestment in an ageing and outdated fleet and create a “world class airline”, as CEO Campbell Wilson has repeatedly put it. Read: Air India Ahmedabad-London flight crash – 241 confirmed fatalities, one survivor The turnaround has been aimed at tackling its myriad problems…
Ambrus Group’s Volatility Fund, a hedge fund executing a tail-risk strategy, exploited the carnage to deliver a 25.21% investment return during the month, according to data from Societe Generale. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Liberty Global chief executive Mike Fries said business secretary Jonathan Reynolds is “anxious” for large telecoms companies to purchase the UK’s struggling “altnet” broadband providers over fears many could collapse and leave customers without internet.At an industry conference on Tuesday, Fries claimed Reynolds wanted to see Liberty — which owns 50 per cent of UK provider Virgin Media O2 — and other large players step in and buy altnets.Fries indicated that Liberty intended to do so. “I was on the phone with Jonny…
Image credit: Getty Images The UAE has officially implemented its Basic Health Insurance Plan for private sector employees and domestic workers across the Northern Emirates, marking a pivotal shift in the nation’s approach to healthcare access and affordability. Read: UAE insurance: Up to 60% healthcare costs covered privately Effective since January 1, 2025, the initiative is part of a broader nationwide strategy to ensure that all residents, regardless of income or employment type, have access to essential healthcare services. With an annual premium of just Dhs320, the plan is already reshaping how health services are accessed and delivered, especially for…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.India’s Prime Minister Narendra Modi has visited the site in Ahmedabad, where an Air India jet crashed on Thursday, killing more than 200 people in the country’s worst civil aviation disaster in almost three decades. Video footage from the site showed the Indian leader on Friday viewing the wreckage of the plane, including a portion of its tail, as well as burnt buildings at a medical student compound near the airport where the Boeing 787-800 Dreamliner crashed.“The scene of devastation is saddening,” the…
Image: Supplied Regional partnerships and integrated health strategies are playing a critical role in transforming public health systems across North Africa and the Eastern Mediterranean, Tunisia’s Minister of Health, Mustapha Ferjani, said in an interview with Gulf Business ahead of the upcoming ‘One Health, One Future’ regional conference. In a wide-ranging discussion, Ferjani highlighted the impact of Saudi Arabia’s development funding in Tunisia’s underserved areas, lessons from intra-regional collaboration, and the importance of embedding the ‘One Health’ framework — linking human, animal, and environmental health — into national policies. He also outlined Tunisia’s efforts in operationalising the approach through legislative…
Adding facial recognition to smart glasses may not prove as popular as some in Silicon Valley believe Source link
Morning! After some dabbling in the genre, FT Alphaville is starting an informal series of simple Q&A interviews.The basic premise is that we’ll have a hopefully interesting chat with hopefully interesting people doing hopefully interesting things in and around finance, economics and business (sometimes they may be boring people doing interesting things, or interesting people doing boring things as well), and publish a lightly-edited Q&A afterwards. No promises, but we’ll try to do one a week.We’re kicking things off with a conversation with Guiseppe “Gappy” Paleologo, head of quantitative research at Balyasny Asset Management. We have some ideas for future…
Abu Dhabi’s hospitality sector recorded revenues of Dhs611m ($166.3m) in March 2025, underlining strong momentum in the emirate’s tourism industry, according to preliminary data released by the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), in coordination with the Statistics Centre – Abu Dhabi (SCAD). The revenue comprised Dhs345m from room bookings, Dhs228m from food and beverage services, and Dhs38m from other sources. Roughly 417,000 hotel guests stayed in the emirate during March, reflecting Abu Dhabi’s growing appeal as a global travel destination. Officials attribute the increase to the emirate’s diverse accommodation portfolio and high-quality hospitality standards.…
Chinese carmakers’ price war is putting the industry’s balance sheet under strain, a Financial Times analysis has revealed, as Beijing demands more action to protect suppliers in the world’s largest car market.Current liabilities exceeded current assets at more than a third of publicly listed car manufacturers at the end of last year, according to FT calculations based on their most recent financial reports. The weakening liquidity picture highlights how China’s leading carmakers are being forced to squeeze suppliers to maintain working capital and fund their fight for market share amid heavy discounting.The dominant electric-vehicle maker BYD is deepest in negative territory…