DAE expands portfolio with US$1 billion next-gen aircraft deal
DAE posted a US$85.8M Q1 profit, up 26.5% YoY, boosted by aircraft gains, revenue of US$395.9M, and a major acquisition of Nordic Aviation Capital....
Month : April 2025
Emirates and flydubai expand joint network to 240 destinations
Emirates and flydubai carried over 5 million passengers in 2024, growing 36% and strengthening Dubai’s position as a global air travel hub....
European defence industry programme gains parliamentary approval
The European Parliament has backed a major initiative to strengthen EU defence manufacturing and boost weapons supply capabilities....
Trump pressures Fed to cut rates amid tariff fallout
President Trump’s push to oust Fed Chair Powell drew warnings from CEOs and spurred a brief market rally after his reversal....
Malnutrition in Ethiopia hits emergency levels
WFP warns over 10 million in Ethiopia face hunger as conflict and funding gaps intensify....
Etihad expands African operations with new routes and partnerships
Etihad adds four direct Africa routes, increasing frequencies and deepening partnerships with Air Seychelles and Ethiopian Airlines....
Moscow’s major film festival returns this April
Russia’s premier film festival returns, showcasing diverse works from around the world under the leadership of Nikita Mikhalkov....
Egypt slashes benchmark interest rates in April 2025 decision
The Central Bank of Egypt has reduced key interest rates by 225 basis points in April 2025, adjusting deposit, lending, and discount rates to support...
Middle East to benefit from air cargo boom
IATA projects 5.5% growth in global air cargo for 2025, outpacing GDP and driven by demand, despite fleet delays and geopolitical uncertainty....
EU illegal migration numbers drop by 34,000 in Q1
Illegal border crossings into the EU fell by 34,000 in Q1 2025, marking a 30% year-on-year drop, with the steepest fall on the Western Balkan...