Business

Deliveroo cuts annual loss before London float

Takeaway meals app Deliveroo slashed losses last year on booming demand from locked-down customers during the pandemic, it reported Monday ahead of a London stock market float planned for April.

Business

Emirates, Etihad to pilot virus 'travel pass'

Emirates and Etihad, two of the Middle East's biggest airlines, said Tuesday they would be among the first companies to test an application that allows pre-travel verification of coronavirus tests and vaccinations.

Business

Emirates airline posts first loss in more than 30 years

Dubai-based Emirates airline on Thursday posted its first loss in more than three decades, saying it had been badly hit by the coronavirus lockdown that brought air transport to "a literal standstill".

Business

Abu Dhabi's Etihad Airways posts $758M in half-year losses

Abu Dhabi's Etihad Airways said Thursday core operating losses amounted to $758 million for the first half of the year, driven by a nearly 40% drop in revenue due in part to the impact of the coronavirus pandemic.

Business

IMF predicts worst Mideast downturn in half century

The IMF Monday again sharply lowered its Middle East and North Africa economic forecast, to its lowest level in 50 years, over the "twin shock" of the coronavirus pandemic and low oil prices.

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