Lufthansa invested €3 billion in premium economy service in the Middle East
Deutsche Lufthansa AG invested €3 billion to support its new premium service in the Middle East as it sees potential growth in the region.
Middle East
MSC Darwin Ship Targeted by Yemen's Houthis in Gulf of Aden
Yemen's Houthi group claimed responsibility for the attack on the MSC Darwin ship in the Gulf of Aden and the launch of missiles toward the Israeli city of Eilat.
Middle East Conflict Could Push Oil Prices to the Top and Drive Global Inflation, Says World Bank
The World Bank warns that escalating conflicts in the Middle East could push oil prices over $100 a barrel, potentially increasing the recent decline in global inflation and worsening economic challen..
Dubai Struggles to Bounce Back After United Arab Emirates Floods Delayed Airport Flight Schedules
Dubai's major airport announced on Friday that it will limit the number of flights arriving for the next two days as it works to remove a three-day backlog caused by a record storm in the UAE...
Dubai's 'Apocalyptic' Superstorm Strikes World's Busiest Airport After Historic Rainfall Causes Flood Chaos, Cancelled Flights
Tragically, there has been a loss of life due to the heavy rain and flooding that has caused widespread disruption in Dubai...
Indian Firms Exporting to the Middle East See Their Shares Plummet After Iran's Recent Attacks on Israel
India's tea and rice exporters to the Middle East saw their stock valu...
Major Arab Airlines Cancel Some of Their Flights After Iran’s Retaliatory Attack on Israel
Several major Arab airlines have been forced to cancel their flight sc...
Latest News
Boeing 777 propels Emirates Airlines' growth
The long-haul aircraft requirement of Dubai for positioning itself as a major global hub in the Middle East (ME) Region has been mostly fulfilled by Boeing. Dubai-based Emirates Airlines is banking on
StoreDot could fully charge your phone in just a minute
StoreDot, a startup nanotechnology company in Israel, had come up with a battery charger that could fully charge drained phone batteries in a minute. Doron Myersdorf, the co-founder and CEO of StoreDo
Kuwait's Zain telecom giant dials in margin push investment
Kuwait telecom major Zain has decided to invest in technology firms that boost the weakening margins following the sluggish subscriber numbers and drop in revenues. As part of its investment strategy
Iran's huge potential now open for global investments as crisis-hit nation comes out of sanctions
With sanction being waived off, Iran's underdeveloped oil and gas sector is now open to global investors. Six global powers- the US, the UK, Germany, Russia, France, and China- have agreed on a deal t
Iran plans to buy 90 jets per year: old fleet to be renovated
Media reports on Sunday reveal Iran's plans to buy up to 300 units of Boeing and Airbus planes to replace its antiquated fleet by purchasing at least 90 planes annually. An official of Iran's civil av
Teva to buy Allergan generic drug business for $40.5 billion, drops Mylan bid
Teva Pharmaceutical Industries has agreed to buy Allergan Plc's generic drugs business for $40.5 billion in a cash and stock deal that will turn the Israeli company into one of the world's largest pha
Google's Waze to start carpooling pilot program in Israel
Google-owned online mapping company Waze is launching a carpooling pilot program in Israel where commuters pay fellow drivers a small fee for a ride to and from work.
$1 coffee chain taps into Israeli anger over high cost of living
With a $1 cup of coffee, Avi Katz is starting to do something Israelis have been demanding for years and politicians have failed to achieve -- lower the cost of living.
Uncertain future for global diamond trade as profits vanish
The family businesses that make up the global diamond trade have seen their profits wiped out over the past five years, hit by shaky financing, increased costs and uncertain demand from customers who
