Dubai’s new airport will be five times the size of its current one

Digital render of the planned entrance of Dubai’s Al Maktoum International Airport, set to be the biggest in the world upon completion. Dubai Media Office DUBAI, United Arab Emirates — Dubai’s leadership approved a 128 billion dirham ($35 billion) plan to build a new passenger terminal at the emirate’s Al Maktoum International Airport, which will … Read more

NASA releases satellite photos of record UAE flooding

NASA released photos of parts of Dubai and Abu Dhabi before and after the United Arab Emirates was hit by record rainfall last week that caused dangerous floods and paralyzed much of the country. The images, taken by NASA Earth Observatory on Friday using Landsat data from the U.S. Geological Survey, show large patches of … Read more

Emirates Airline CEO issues apology after Dubai flood chaos

People queue at a flight connection desk after a rainstorm hit Dubai, causing delays at the Dubai International Airport, United Arab Emirates, April 17, 2024.  Rula Rouhana | Reuters The CEO of Emirates Airline issued an apology letter to customers over the weekend after historic rains in the United Arab Emirates caused record flooding and … Read more

Record rainfall causes airport chaos, other disruptions

TOPSHOT – Cars are stranded on a flooded street in Dubai following heavy rains on April 18, 2024. Dubai’s giant highways were clogged by flooding and its major airport was in chaos as the Middle East financial centre remained gridlocked on April 18, a day after the heaviest rains on record. Giuseppe Cacace | Afp … Read more

Saudi Arabia is building the world’s first Dragon Ball Z theme park

Visitors try out the latest version of Dragon Ball Z Kakarot at the 2019 Gamescom gaming trade fair in Cologne, Germany.  Lukas Schulze | Getty Images News | Getty Images Saudi Arabia is set to become home to the first-ever Dragon Ball Z theme park — a 5.3 million square foot entertainment venue announced as … Read more

Saudi Arabia wealth fund in talks to acquire national airline Saudia: Report

Boeing 787 Dreamliner Saudi Arabian. Aircraft to Fiumicino Leonardo da Vinci Airport. Fiumicino (Italia), Nov. 11, 2021 Massimo Insabato/Archivio Massimo Insabato/Mondadori Portfolio via Getty Images Saudi Arabia’s behemoth sovereign wealth fund is in talks to buy the kingdom’s national airline Saudia, Bloomberg reported over the weekend, citing people familiar with the matter. The reported move … Read more

Turkey opts for new tightening strategy after signaling pause to hikes

A picture taken on August 14, 2018 shows the logo of Turkey’s Central Bank at the entrance of its headquarters in Ankara, Turkey. ADEM ALTAN | AFP | Getty Images Turkey’s central bank is opting for a different monetary tightening method as it grapples with climbing inflation, after previously signaling that its rate-hiking cycle was … Read more

Turkey is back in from the cold with NATO and F-16 moves

President of Turkey Recep Erdogan addresses journalists during the final national press conference during the high level NATO summit in Litexpo Conference Centre in Vilnius, Lithuania on July 12, 2023. Dominika Zarzycka | Nurphoto | Getty Images Turkey spent nearly two years — along with Hungary — holding up Sweden’s accession to NATO. It’s bought … Read more

How ‘quiet luxury’ is subtly taking over investor portfolios

VIENNA, AUSTRIA – NOVEMBER 25, 2022: Karin Teigl is seen wearing Hermès yellow leather mini Kelly, Baum & Pferdgarten green leather jacket, Lumina beige cropped turtleneck sweater and vintage checked green yellow pants. Jeremy Moeller | Getty Images Quiet luxury was one of last year’s biggest viral fashion trends on social media — but unlike … Read more

Argentina’s shock peso devaluation weighs on sportswear brand Puma

A Puma SE sportswear store in central London, UK, on Thursday, Oct. 19, 2023. Bloomberg | Bloomberg | Getty Images German sports retailer Puma on Wednesday said Argentina’s major devaluation of its currency in December hit its financial results. Puma shares closed the session 10.5% lower, at the bottom of Europe’s Stoxx 600 index, after … Read more