Air Arabia Q1 profit slips as regional disruption bites
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...
Tag : business news
Dnata invests A$32 million in Western Sydney cargo hub
SYDNEY: Dnata said on April 22 it will invest about A$32 million to establish a dedicated cargo terminal at Western Sydney International Airport, becoming one of...
Alphabet becomes fourth company to cross $4 trillion valuation
MENA Newswire, SAN FRANCISCO: Shares of Alphabet Inc. rose sharply on Monday, lifting the Google parent’s market capitalization above $4 trillion for the first time and placing it among...
Pakistan’s business climate triggers foreign exits
KARACHI, Pakistan, Oct 7, 2025: A growing number of multinational corporations are exiting or scaling down their operations in Pakistan, citing regulatory hurdles, macroeconomic instability,...
Tesla loses ground in China as local rivals gain strength
Elon Musk is facing mounting setbacks across his business and political ventures as shifting U.S. policies, declining investor confidence, and global backlash converge to put...
MicroStrategy’s bitcoin holdings top $45 billion in market value
MicroStrategy, now operating under the name Strategy, has significantly reduced its workforce while aggressively expanding its bitcoin holdings. The company disclosed in its audited 2024...
JPMorgan’s Jamie Dimon tells employees to accept office return policy
JPMorgan Chase CEO Jamie Dimon has dismissed employee opposition to the bank’s strict five-day return-to-office (RTO) mandate, rejecting a growing petition effort during a recent...
Meta job cuts hit thousands as AI investments reshape workforce
Meta is laying off approximately 3,600 employees, accounting for about 5% of its workforce, as part of its ongoing restructuring efforts in 2025. The layoffs,...