Alexander Cornwell

Etihad hires former Aer Lingus executive as new CFO

17 Jun 2019

DUBAI Etihad Airways has appointed former Aer Lingus chief financial officer Andrew MacFarlane as its new group CFO, a spokesman for the Abu Dhabi airline said on Monday.

Abu Dhabi's airports, ports and power firms moved to new holding company

29 May 2019

DUBAI/ABU DHABI, May 29 Abu Dhabi is creating a new holding company for seven state-owned firms with operations ranging from airports to power supply to make it easier for them to raise debt and improve services, three sources told Reuters.

UAE, keen to maintain safe-haven image, tempers tanker attack response

17 May 2019

DUBAI The United Arab Emirates, though a prominent foe of Iran in the Middle East's power struggles, has tempered its reaction to attacks on oil tankers off its coast in an effort to protect its reputation as a safe and stable business hub.

Tanker attacks near UAE expose weaknesses in Gulf Arab security

15 May 2019

RIYADH/DUBAI Attacks on Saudi tankers and other vessels off the coast of the United Arab Emirates this week expose vulnerabilities in the security of a key oil-shipping route amid rising tensions between the United States, Iran and Gulf Arab states.

U.S. envoy urges response "short of war" to Gulf tankers attack

14 May 2019

* UAE investigating attack on vessels near major bunkering hub

Emirates profit hit by sky-high fuel costs, strong dollar

09 May 2019

DUBAI Emirates will "work smart and hard" to improve its performance after the Gulf airline's profit hit a decade low as soaring fuel costs and a strong dollar took a toll on earnings, while passenger growth stalled.

UPDATE 1-Air Arabia to meet Airbus and Boeing ahead of imminent 100-jet order, says CEO

30 Apr 2019

DUBAI, April 30 Budget airline Air Arabia is likely to order 100 or more Airbus or Boeing jets within the next three to four months, its chief executive said on Tuesday.

UPDATE 1-Saudi's Flynas considering upgrading Airbus A320neo order

30 Apr 2019

DUBAI, April 30 Saudi Arabian airline Flynas is considering upgrading part of its existing order for 80 Airbus A320neo jets to the larger A321 model, its chief executive said on Tuesday.

Flydubai could take Airbus jets if Boeing MAX grounding prolonged

29 Apr 2019

DUBAI Flydubai's chairman warned on Monday the airline could order Airbus A320neos as replacements for Boeing 737 MAX jets, telling the U.S. planemaker to improve communication with customers.

Emirates says full-year results will not be as good as in previous years

29 Apr 2019

DUBAI Dubai state-owned airline Emirates will report "positive" full-year results next month but they will not be as good as in previous years due to higher fuel costs and unfavourable currency moves, the company's president said on Monday.

World News

Iran shoots down U.S. military drone in Gulf region

Iran on Thursday shot down a U.S. military drone that it said was flying over one of its southern provinces on the Gulf, increasing fears of military conflict as Washington seeks to isolate Tehran over its nuclear and regional activities.