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Emirates doesn’t see travel recovery until year-end

  • DUBAI: International travel is likely to remain subdued until the end of the year as countries reintroduce tough restrictions to control COVID-19 infections, the head of Dubai-based airline Emirates said on Wednesday. The comments from Tim Clark represent a more pessimistic view after he told ...

Goldman cuts Q3 Brent forecast to $75 a barrel on Delta demand hit

  • BENGALURU: Goldman Sachs on Tuesday reduced its forecast for Brent crude oil to $75 a barrel for the third quarter, $5 lower than its previous estimate, as a surge in Delta variant COVID-19 cases takes a toll on demand. Oil prices fell $5 a barrel on Monday in response to fears over the hit to...

Oil rises but still set for weekly loss on demand worries

  • LONDON: Oil prices rose on Friday but remained on track for their biggest weekly decline since March on concerns over the impact on fuel demand from travel restrictions to curb the spread of the Delta variant of COVID-19. Brent crude oil futures were up 95 cents at $72.24 a barrel by 11:35 a.m...

Oil rebounds above $76 on speculation virus fear overrated

  • LONDON: Oil rebounded by more than 5 percent on Monday to above $76 a barrel as some investors viewed Friday’s slump in oil and financial markets as overdone while the world awaits more data on the omicron coronavirus variant. Brent crude was up $3.66, or 5 percent, at $76.38 a barrel by...

Emir of Qatar leads unveiling ceremony in Doha for models of British jets

  • DOHA: The emir of Qatar attended an event on Monday hosted by British military jet developer Aeralis, during which two full-size replicas of the company’s innovative modular jet were unveiled at the Doha International Maritime Defense Exhibition and Conference, DIMDEX 2022. Sheikh Tamim bin H...

Hyundai unveils Staria MPV, a new futuristic minivan

  • Hyundai Motor Company has officially launched its new Staria multipurpose vehicle (MPV) lineup via a digital world premiere, establishing a model for its future purpose-built vehicles (PBVs). Staria’s debut furthers Hyundai Motor’s transformation as a smart mobility solution provider and embo...

Hyundai launches ‘futuristic’ multipurpose vehicle Staria in MEA

  • Hyundai Motor Company officially launched Staria, the brand’s new multipurpose vehicle lineup, in the Middle East and Africa markets via a digital premiere. The Staria name combines “star” and “ria,” in reference to the vehicle’s future-oriented product values and streamlined design character...

Xiaomi’s Redmi 10 series caters to digitally savvy Saudis

  • Smartphone company Xiaomi has responded to the digital transformation of the Kingdom by launching its most technologically advanced line of phones to date.  The Xiaomi Redmi 10 series — featuring the Redmi 10 2022, Redmi 10A, and Redmi 10C smartphones — has been specifically designed to ...

Qatar Airways upgrades Airbus A350 order

  • LONDON: Qatar Airways has upgraded an order for Airbus A350 aircraft to larger variants, a move that includes new backing for a model designed to compete with Boeing Co’s mini-jumbo....

Airbus pitching A350 long-range aircraft for Qantas’ Sydney-London flights

  • SINGAPORE: Airbus’s talks with Qantas Airways about a plane that can fly 20 hours non-stop from Sydney to London are centered around the A350-900ULR rather than reviving a shorter A350 variant, an executive at the manufacturer said on Thursday....