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Dubai Aerospace Enterprise (DAE) reported a net profit of US$85.8 million for the first quarter of 2025, representing a 26.5% increase from the US$67.8 million recorded during the same period in 2024. The company also noted a significant rise in

The United States Federal Reserve Board has announced the withdrawal of previous guidance that restricted banks from participating in cryptocurrency-related activities without prior approval. The move, made official on Thursday, signals a shift towards a more flexible regulatory environment, aligning

Germany has formally requested an exemption from European Union borrowing limits to substantially increase its defence spending, citing the need to address rising military threats from Russia. According to reports by Euractiv, the request was made through a letter sent

Emirates and flydubai have jointly carried over five million passengers in 2024, marking a significant 36 percent increase compared to the previous year. The achievement highlights the success of their strategic partnership, which has been in operation since 2017, and

The European Parliament has taken a decisive step toward reinforcing the European Union’s defence capabilities by endorsing a draft law aimed at enhancing the bloc’s defence industry. On Thursday, members of the European Parliament (MEPs) approved measures that would strengthen

The European Parliament’s Industry, Research and Energy Committee has adopted a draft law to extend and revise the European Union’s gas storage framework, introducing more flexible rules to help reduce market pressure and lower gas prices. The initiative, supported on

U.S. stocks posted strong gains on Thursday, driven by a rally in technology shares, even as uncertainty continued over potential progress in trade negotiations between the United States and China. The benchmark S&P 500 rose 1.4%, while the Nasdaq Composite

U.S. President Donald Trump has renewed his criticism of Federal Reserve Chair Jerome Powell, calling for his removal and blaming the central bank’s leadership for delaying interest rate cuts. Trump’s comments, made both online and in the Oval Office, follow

A rare astronomical event known as a triple conjunction is expected to grace the early morning skies on April 25, 2025, as Venus, Saturn, and the crescent Moon align in a formation resembling a smiley face. The alignment will be

Etihad Airways has announced a major expansion of its African operations, significantly increasing flight frequencies and introducing new routes to key destinations across the continent. The move comes as part of a broader strategy to meet rising demand for air