LONDON: British aircraft engine maker Rolls-Royce said that it has won a lucrative engines contract from Scandinavian carrier Norwegian in a deal worth $2.7 billion (2.5 billion euros).
WUHAN, China: French car giant Renault has opened its first car factory in China, the last major manufacturer to set up a plant in the country as it looks to tap into the world’s biggest auto market.<
WASHINGTON: Boeing Co. has won a contract to start preliminary work on a new fleet of Air Force One presidential aircraft based on its 747-8 jumbo jet, the Pentagon said.
DUBLIN: Irish no-frills airline Ryanair said third-quarter net profit more than doubled on surging passenger numbers, and unveiled an 800-million-euro ($866-million) share buyback program.
TEHRAN: Iran said Monday it now has access to more than $100 billion worth of frozen overseas assets following the implementation of a landmark nuclear deal with world powers.
DUBAI: Dubai International remained the world’s busiest airport for international travel last year with a 10.7 percent rise in passenger numbers, its operator said on Monday.
JEDDAH: Gulf stock markets rose sharply for a second straight trading day on Sunday after oil prices surged at the end of last week, though the Egyptian bourse closed far from its highs on persisting
JEDDAH: Remittances by expatriates in the Kingdom reached an all-time high of SR156.9 billion in 2015, up 2.3 percent from a total of SR153.3 billion in remittances during 2014.
DUBAI: Kuwaiti low-cost carrier Jazeera Airways could set up a long-haul service with a foreign partner as an alternative to buying a stake in national carrier Kuwait Airways, whose privatization has
RIYADH: Saudi Arabia's Jabal Omar Development Co. is in talks with creditors after failing to make the first repayment, worth SR650 million ($173.29 million), on a SR3 billion state loan on Jan.
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