Browsing: Business

Air Arabia reported a net profit of AED 278 million for the first quarter ended March 31, 2026, as regional airspace closures and temporary operational restrictions weighed on capacity during the period. The Sharjah based carrier said first quarter profit

India on May 12 launched the Bharat Maritime Insurance Pool, a $1.5 billion domestic marine insurance mechanism backed by a sovereign guarantee of $1.4 billion, or 12,980 crore rupees, as the government moved to secure maritime cover amid current Middle

EMSTEEL reported revenue of AED 2.2 billion for the first quarter of 2026, broadly unchanged from a year earlier, as sharply higher margins lifted earnings across the business. EBITDA rose 82% year on year to AED 483 million, while net

South Korea’s information and communication technology exports rose 125.9% from a year earlier to $42.71 billion in April, extending a semiconductor-led surge and marking the second consecutive month the sector has remained above $40 billion. Data released on May 14

ADNOC Gas reported first quarter net income of $1.1 billion, underscoring resilient earnings despite disruption to maritime movements through the Strait of Hormuz. The company said it generated $572 million in free cash flow and ended March with $4.2 billion

CEBU: The Asian Development Bank said Friday it will mobilize $30 billion by 2030 to help the Association of Southeast Asian Nations advance long-term development priorities and strengthen resilience to external shocks, giving the 10-member bloc a multiyear financing pipeline centered on

CAIRO: The World Bank Group has approved US$1 billion in new financing for Egypt to support private sector-led job creation, bolster macroeconomic and fiscal resilience, and advance measures tied to a greener economy, marking the latest multilateral backing for the country as it

TOKYO: Japan’s Nikkei 225 closed at a record 62,833.84 on Thursday, rising 5.58% after climbing above 62,000 for the first time and briefly crossing 63,000 intraday, as investors returned from a three-day holiday break to strong demand for technology stocks. The benchmark reached

ISLAMABAD: Pakistan has cleared the export of donkey meat and hides from Gwadar to China, days after a Chinese company operating in the port city warned it would shut down because key permissions had not been issued. The Economic Coordination Committee approved the

MUSCAT: Gulf Cooperation Council countries outperformed the global average in the 2026 Economic Freedom Index, with the bloc posting an average score of 66.9 against a world average of 59.9, according to data released by the GCC Statistical Centre. The figures pointed to