Philippine Airlines has signed a deal with American aerospace manufacturer Pratt & Whitney at the Dubai Airshow. PAL has placed a firm order for 15 A321neo aircraft and secured the rights to purchase 15 more, under a Memorandum of Understanding signed with Pratt & Whitney. Deliveries are expected to begin in 2017. Philippine Airlines started operations in 1941 and flies to 35 international cities and 29 domestic destinations.
G7 to release 100 million barrels from energy stocks
Group of Seven (G7) countries agreed on Friday to release 100 million barrels of diesel and crude oil from emergency reserves and pledged to refrain from energy export restrictions after pressure from US President Donald Trump.
First UAE-built commercial satellite launches successfully
Altair-1, the first commercial satellite built in the UAE, has successfully launched into orbit, marking a major milestone for the country's growing private space sector.
UAE lists second Sovereign Retail T-Sukuk on Nasdaq Dubai
The Ministry of Finance has announced the official listing and commencement of secondary-market trading for its second five-year Sovereign Retail T-Sukuk on Nasdaq Dubai on Friday, following the successful completion of subscription, allocation, and settlement.
Abu Dhabi invests AED 300 million to advance public transport
Abu Dhabi has announced plans to invest AED 300 million to upgrade its public transport system with smart tech.
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