Business

Jordan's electric car users battle with batteries

Electric car early adopters in oil-poor Jordan are now having to grapple with the thorny question of battery disposal, as demand for the technology accelerates across the region.

Business

Emirates predicts 18-month lull in air demand

Gulf aviation giant Emirates said Sunday it would take at least 18 months for travel demand to return to "a semblance of normality", despite reporting bumper pre-pandemic profits.

Business

Airlines given $123 bn in state aid: industry

Governments have provided airlines $123 billion to help weather the coronavirus storm, the global aviation industry said Tuesday, warning though that the assistance was adding to surging debt in the industry.

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.

Business

Digital art in spotlight as Dubai makes crypto hub bid

Art Dubai, the Middle East's largest annual contemporary art fair, has featured for the first time digital works, as the wealthy Gulf emirate seeks to position itself as a crypto-assets hub.

Business

Emirates could take 4 years to return to normal: chief

It could take up to four years for Emirates airline's operations to return "to some degree of normality", its president said Monday, a day after the carrier announced job cuts over the coronavirus crisis.

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