Airbus has announced plans to scrap production of the A380 superjumbo.
The European company says it will stop deliveries of the double-decker passenger jet in 2021.
The aircraft has been struggling to compete with more efficient, smaller models.
Airbus will produce 17 more of the planes, including 14 for Emirates Airline and three for Japan’s ANA.
The firm will enter into talks with unions in coming weeks over the 3,000-3,500 jobs potentially affected.
DMCC unveils plans for new financial centre
DMCC — Dubai’s leading international business district — has announced plans to create a new Financial Centre that will anchor trade finance, fintech innovation and digital asset solutions across its 26,000-member community.
UAE cuts key interest rate by 25 basis points
The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 4.15 per cent to 3.90 per cent, effective from Thursday, October 30.
UAE-based companies contribute to $28 billion investments to Syria
Syrian President Ahmed Al-Sharaa announced that the country has attracted approximately $28 billion in investments during the first six months of this year, highlighting significant participation from companies based in the UAE, Saudi Arabia, and Qatar.
H.H. Sheikh Mohammed highlights expansion of economic ties with Africa
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has emphasised the UAE's commitment to strengthening economic ties with African nations.
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