BusinessLatest Business and Company Updates
Wizz Air Anticipates Significant Growth in Passenger Numbers
Wizz Air, the low-cost carrier, has projected a substantial increase in its passenger traffic for the upcoming year, aiming for a growth rate of 15-20%. This optimistic forecast reflects the airline's confidence in its expansion strategy and recovery trajectory following the pandemic. The Hungarian-based airline, which operates a vast network across
Region
e& Delivers Strong Q2 Financials with Subscriber Surge
e& has reported an impressive net profit of AED 3.5 billion for the second quarter of 2025, up 9.7 per cent year‑on‑year, driven by a substantial rise in its global subscriber base. The company’s performance outstripped the average analyst forecast of AED 2.84 billion, underlining
RAKBANK Partners with Faturalab to Revolutionise UAE Supply Chain Finance
RAKBANK has entered into a strategic partnership with Faturalab, a prominent provider of smart supply chain solutions, aiming to transform supply chain finance for businesses across the UAE. This collaboration seeks to enhance financial workflows between buyers, suppliers, and banks,
UAE’s Mashreq Bank Launches Office in Türkiye to Boost Capital Flow
Mashreq Bank has inaugurated a representative office in Türkiye, marking a significant stride toward enhancing financial collaboration between the Gulf and Turkish markets. This strategic move is central to Mashreq’s initiative to channel risk capacity and capital flows directly to
