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Category: Business 5830

Malfunctions in 3 of Middle East Airlines' Fleet? Al-Hout: Engine Crisis Affects 500 Planes Worldwide
Business
  • 1 mins read

Malfunctions in 3 of Middle East Airlines' Fleet? Al-Hout: Engine Crisis Affects 500 Planes Worldwide

Middle East Airlines was affected by a global crisis involving Pratt & Whitney engines on Airbus A320neo planes, causing 3 planes in its fleet to be grounded. The company leased 3 planes to cover flights and offered additional miles to affected business class passengers.

200 Billion Dollars at Stake: Will US Courts Force Trump to Return Tariff Funds?
Business
  • 1 mins read

200 Billion Dollars at Stake: Will US Courts Force Trump to Return Tariff Funds?

Tariffs imposed by Trump during his second term face a critical legal challenge that could force the US to return over $200 billion to American companies if he loses the case.

Egypt: Private Sector Contracts for Sixth Consecutive Month
Business
  • 1 mins read

Egypt: Private Sector Contracts for Sixth Consecutive Month

Egypt's non-oil private sector contracted for the sixth consecutive month in August due to weak demand, while easing cost pressures offered some relief to businesses, according to Standard & Poor's Global.

UNIFIL Condemns Serious Israeli Attack on Its Troops
Business
  • 1 mins read

UNIFIL Condemns Serious Israeli Attack on Its Troops

UNIFIL reported that Israeli drones dropped four bombs near its peacekeepers in southern Lebanon in one of the most serious attacks since the November ceasefire. France called for protection of UN personnel, while Qatar condemned the attack as a violation of international humanitarian law.

DP World Launches "Atlas" Service to Export Moroccan Products to Britain and Northern Europe
Business
  • 1 mins read

DP World Launches "Atlas" Service to Export Moroccan Products to Britain and Northern Europe

DP World has launched the "Atlas" service to reduce delivery times for Moroccan fruit and vegetable exports to Britain and Northern Europe, significantly cutting carbon emissions and improving product quality.

S&P 500 and Nasdaq Rise on Boost from Alphabet
Business
  • 1 mins read

S&P 500 and Nasdaq Rise on Boost from Alphabet

The S&P 500 and Nasdaq indices rose Wednesday, supported by gains from Alphabet after a favorable antitrust ruling, while investors await labor market data that may impact U.S. interest rate decisions.

Gemini Crypto Exchange Seeks to Raise $317 Million in IPO | Al Khaleej Newspaper
Business
  • 1 mins read

Gemini Crypto Exchange Seeks to Raise $317 Million in IPO | Al Khaleej Newspaper

Gemini Space Station plans to raise about $316.7 million in its IPO in the U.S., with an expected market value of $2.2 billion. Founded in 2014 by the Winklevoss twins, the company offers crypto trading and custody services.

Dollar Exchange Rate Today Wednesday in Egypt: Currency Prices Against the Egyptian Pound
Business
  • 1 mins read

Dollar Exchange Rate Today Wednesday in Egypt: Currency Prices Against the Egyptian Pound

The exchange rates of the US dollar and major foreign and Arab currencies declined against the Egyptian pound inside Egyptian banks, with the dollar price ranging between 48.43 and 48.58 EGP for buying, and between 48.53 and 48.68 EGP for selling, following the Central Bank of Egypt's interest rate cut.

UAE Ranks Second Globally in Quality of Life for Living and Working
Business
  • 1 mins read

UAE Ranks Second Globally in Quality of Life for Living and Working

The UAE ranks second globally in the 2025 Quality of Life Index, leading in safety and essential services, and excelling in healthcare, job opportunities, and culture, making it a preferred destination for living and working.

Fuze Opens New Regional Headquarters at Expo City Dubai
Business
  • 1 mins read

Fuze Opens New Regional Headquarters at Expo City Dubai

Fuze has opened its new 8,000 sq ft headquarters in Expo City Dubai to support its regional growth, expand management, compliance, and technology teams, and develop its AI lab.

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