Business

Emirates Airline half-year profit plunges 86% due to hike oil prices

By The Frontier Post | November 16, 2018

DUBAI (AFP): Emirates Airline on Thursday posted an 86 percent drop in half-year profits as the Middle East’s leading carrier was hit by a hike in oil prices and currency devaluations. The Dubai-based airline in a statement its net profit in the six months to September 30 was also impacted by other challenges and expected […]

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Aldar Properties’ profits fall 30% in Q3

By The Frontier Post | November 16, 2018

DUBAI (Arabian Business): Aldar Properties CEO Talal Al Dhiyebi said that government initiatives such as the AED 50 billion Ghadan 21 programme, changes to residency visa regulations and Adnoc’s AED 484 billion capital investment plans “will accelerate national development and support sustainable long-term growth.” Aldar Properties net profits dropped 30 percent to AED 420 million […]

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Ford CEO open to investors in autonomous vehicles but cautious on VW

By The Frontier Post | November 16, 2018

MIAMI (Reuters): Ford Motor Co (F.N) Chief Executive Jim Hackett told Reuters the automaker is open to investment by automakers and others in its autonomous vehicle business, but cautioned that expanding partnerships with German automaker Volkswagen AG (VOWG_p.DE) (VOWG.DE) is a “delicate dance.” Volkswagen’s supervisory board is scheduled to meet on Thursday to review a […]

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