Business

Qatar Airways posts record $1.5B profits ahead of World Cup

Qatar Airways, one of the Mideast's largest carriers known for on-board comfort and luxury, said Thursday its profits over the past fiscal year topped $1.5 billion, marking the highest ever earnings for the state-owned carrier ...

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

Abu Dhabi's Etihad carrier posts $476M loss amid pandemic

Abu Dhabi's Etihad carrier announced on Tuesday a whopping $478 million loss for 2021, a figure that underscores the continued challenge airlines around the world face as travelers slowly return to the skies amid COVID-19 ...

Business

Theranos founder wooed believers in 'parallel universe'

For critics outside the orbit of fallen US biotech star Elizabeth Holmes, her pledges of a medical revolution reeked of quackery. But the faith of close backers—from a future Pentagon chief to a lab scientist—was very ...

Business

Airline industry sees long-term rebound for sector

After flying into the financial turbulence of the Covid pandemic, the airline sector expects passenger traffic to take off despite concerns about the industry's impact on climate change.

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