Author: Arabian Media staff
flydubai, the Dubai-based carrier, has announced the launch of direct flights to Damascus starting June 1, 2025. Read-Sky’s the limit: flydubai announces record-breaking annual results According to a WAM report, flights to Damascus International Airport (DAM) will operate daily from Terminal 2 at Dubai International Airport (DXB). “We are very pleased to be the first national carrier to resume flights to Syria after 12 years of halted operations. Damascus holds significant cultural and historical importance in the region, and we are excited to serve the city again with a direct daily service. This move highlights our commitment to supporting the…
Stay informed with free updatesSimply sign up to the Climate change myFT Digest — delivered directly to your inbox.Lindsay Hooper is chief executive of the Cambridge Institute for Sustainability LeadershipAcross major businesses, responses to climate change are diverging. Some are soft-pedalling their plans or quietly removing references from public view. Others are staying the course but increasingly choosing to stay quiet about it. A smaller group — often those already invested in renewables or energy efficiency — are vocally pushing for faster, system-wide change. In some boardrooms, however, the instinct is to hunker down, say less, and wait it out,…
Elon Musk’s recent behavior, including his efforts to shut down numerous federal agencies and programs, has had a dramatic impact on the car company he runs and owns a large stake in, Tesla. Not only are sales of new Teslas down significantly both domestically and abroad, at a time when electric vehicle sales overall are up, but growing numbers of current owners are abandoning their Teslas for other automakers’ vehicles. Tesla owners who are thinking of trading in or selling could be surprised by how little they’re able to recoup. Here are some of the driving factors and their implications…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Ministers have discussed using new legislation to wipe out British Steel’s debts of close to £1bn, according to Whitehall figures, a controversial move that some in government believe could ease a sale of the business. The Chinese-owned steelmaker has been under the control of the UK government since April after ministers passed an emergency law to block owner Jingye from deactivating one of its two blast furnaces.British Steel had debts of £736mn in 2023, the most recent year for which accounts are available,…
It feels like private assets are at a tipping point. Unprecedented amounts of capital are being raised by large private asset fund managers, and they are now setting their sights on your pension and savings as a fresh source of capital. In the US, the industry is urging the Trump administration to allow retail investors access to funds that were once only available to institutions.So are private assets about to go mainstream for private investors? If so, we ought to keep our wits about us, since the risks are not insignificant. If you do take a chance on private assets,…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newslettersGood morning. Target reported weak first-quarter results yesterday and guided towards a decline in sales this year, sending shares down more than 5 per cent. The company also said it would raise some prices to offset tariffs, echoing Walmart’s comments last week. Retail earnings haven’t been negative across…
Image: ADNOC The Abu Dhabi National Oil Company (ADNOC) has signed framework agreements worth Dhs6bn ($1.64bn) with 12 UAE-based manufacturers for the local production of critical industrial equipment, as part of the country’s “Make it in the Emirates” initiative. The long-term agreements cover the manufacturing of cables and pressure vessels in the UAE, potentially creating up to 1,300 skilled private-sector jobs. ADNOC said the deals will help ensure availability of key equipment across its value chain, reduce delivery times, and mitigate global supply chain risks. The agreements were signed at the “Make it in the Emirates” forum currently taking place…
Stay informed with free updatesSimply sign up to the Electric vehicles myFT Digest — delivered directly to your inbox.A year before stepping down as chief executive in 2022, Håkan Samuelsson declared that Volvo Cars would go fully electric by 2030. “Instead of investing in a shrinking business, we choose to invest in the future,” he pledged at the time.The 74-year-old is now back at the helm of the Swedish group, tasked with navigating the company through an unsteady electric transition and the turbulence caused by a global trade war.Samuelsson remains defiant even as the company recently pulled its guidance for…
Image credit: Getty Images Gold prices rose to a two-week peak on Thursday as investors leaned toward the safe-haven asset amid mounting concerns over the US government’s growing debt and soft demand for 20-year Treasury bonds, highlighting low appetite for US assets. Spot gold gained 0.8 per cent to $3,340.53 an ounce as of 0300 GMT, after hitting its highest level since May 9. Read-Gold set for worst drop in six months: Find out why US gold futures rose 0.9 per cent to $3,341.90. The dollar is hovering near a two-week low hit in the previous session, making greenback-priced gold…
Elon Musk’s satellite system dominates the battle for the future of global connectivity. Amazon and Chinese rivals are working to catch up Source link