Air Arabia has achieved record financial results for the full year ending December 31, 2023, the airline said in a media release on Tuesday. The airline achieved double-digit growth in profitability and passenger numbers, with a record 27 per cent increase in net profit. The budget-carrier reported net profit of Dh1.5 billion for 2023, up from Dh1.2 billion recorded in ...

H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, inaugurated, on Wednesday, the Marine Simulator Centre building at the Sharjah Maritime Academy (SMA) in Khorfakkan for basic and postgraduate studies. During his visit, H.H. Dr. Sheikh Sultan had the opportunity to tour the academy’s advanced laboratories and simulation rooms. One of the highlights was ...

S&P Global Ratings, the world’s leading credit rating agency, expects the UAE’s real GDP to grow by 5.3 percent in 2024, compared to 3.4 percent in 2023. In a new report released today, the credit rating agency said that UAE banks reported exceptional profits for the full year 2023 due to lower provisioning requirements and higher interest margins, in addition ...