Economy
Emirates Airlines orders 15 A350s for Dh22 billion
Yesterday, at the Dubai Air Show, Emirates Airlines announced an order for 15 additional “A350-900” aircraft worth six billion dollars (about 22 billion dirhams), bringing the total number of orders for “A350” aircraft to 65.
Sheikh Ahmad bin Zayed Al Maktoum, Chairman and CEO of Emirates Airlines and Group, said: “The A350-900 aircraft will provide our fleet with additional options in terms of capacity and range.”
His Highness added: “We are pleased to announce an additional order for these aircraft and plan to use our A350 aircraft to serve a group of new markets, including long-haul flights 15 hours from Dubai.” His Highness continued: “We will work closely with (Airbus) and (Rolls-Royce) to ensure the best operational efficiency of our aircraft and the best flying experience for our customers.”
His Highness said: “We plan all the (Emirates Airlines) orders we announced this week to support our future growth and the Dubai Economic Agenda (D33), set out by Sheikh Mohammed bin Rashid Al Maktoum, Vice Chairman. President and Prime Minister of the United Arab Emirates and Ruler of Dubai (God bless him). “Emirates Airlines is often the first experience for visitors to Dubai and we always want it to be the best it can be.”
For his part, Christian Scherer, Airbus Chief Commercial Officer and Head of Airbus International, said: “We are celebrating another milestone in the long-standing relationship between Emirates Airlines and Airbus, a relationship built on the tireless pursuit of innovation, efficiency. and operational excellence, and as the aircraft established… “The A380 is at the heart of Emirates Airlines’ operations, and we are proud that the A350 will continue to do so for years to come.”
The first A350 aircraft is scheduled to join the Emirates fleet in August 2024.
Under the new order, Emirates will continue to receive A350 aircraft until 2028.
With the order for an additional 95 Boeing aircraft on the first day of the Dubai Air Show, Emirates’ total orders now reach 110 new wide-body aircraft.
Emirates Airlines currently operates a complete fleet of wide-body aircraft that are efficient and modern, consisting of Airbus A380 and Boeing 777 aircraft. From its main hub in Dubai, the carrier serves more than 140 cities across six continents, offering its customers award-winning services on the ground and in the air.
• An additional 95 Boeing aircraft were requested by the carrier on the first day of the Dubai Air Show.
A contract to supply wheels and brakes to the “giant” fleet
Technology company Honeywell announced that Emirates Airlines has chosen to supply 166 of its Airbus A380 aircraft with carbon wheels and brakes, which help reduce weight, reduce maintenance costs and extend the overall life of the brakes.
The 10-year agreement will ensure continued maintenance support services in Dubai, including wheel and brake maintenance at Emirates Airlines’ maintenance facilities.
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Dubai: “The Gulf”
Performance of stocks in GCC countries varied during the week; Dubai Financial Market Index alone lost 0.91% to 3951.52 points and Abu Dhabi Market Index lost 1.45% to 9400.75 points in 4 sessions.
In Saudi Arabia, the main market index TASI increased the week’s trade by 0.43% to close at 11,225 points, compared to 11,177 points at the end of the previous week.
In Kuwait, the general market index rose 0.33% for the week to close at 6654.64 points, compared to 6632.47 points at the end of the previous week.
In Bahrain, the Bahrain General Index rose 0.13% on the week to close at 1942.35 points, compared to last week’s 1939.77 points.
In Qatar, the Qatar Stock Exchange Index fell 1.93% in 5 sessions to close at 9,848.15 points, compared to 10,062.64 points at the end of last week.
In the Sultanate of Oman, the Muscat Stock Exchange Index fell 1.37% during the 5-session session to close at 4594.41 points, compared to 4658.17 points at the end of the previous week.
Outside the Gulf region, the Egyptian stock market index “EGX 30” increased the week’s trade by 0.46% to end at 24,686.16 points, compared to last week’s close of 24,571.98 points.
Weekly performance:
Egypt +0.46%
Saudi Arabia +0.43%
Kuwait +0.33%
Bahrain +0.13%
Dubai 0.91% –
Oman 1.37% –
Abu Dhabi 1.45% –
Qatar 1.93% –
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Economy
US stock indices rose at the end of today’s session; The Dow Jones Industrial Average rose 0.36%.
Investing.com – U.S. stocks were higher after the close on Friday, as the , , and .
By the end of trading in New York, it was up 0.36%, hitting its highest record level in more than 52 weeks, while it rose about 0.41% to close around 0.45%.
One stock stood out among today’s leading stocks Boeing Co (NYSE: ), which rose 3.00% or 7.12 points to 244.45. On the other hand, Goldman Sachs Group Inc. (NYSE: ) was up 1.82% or 6.27 points to end at 350.89. Chevron Corp (NYSE: ) was up 1.33% or 1.90 points to end at 144.32.
On weak performance at the end of today’s trade, Honeywell International Inc. (NASDAQ: ) traded down 1.61% or 3.18 points to trade at 194.61 at the close. Wal-Mart Stores Inc. (NYSE: ) traded down 1.08% or 1.64 points to 150.82, while Verizon Communications Inc . (NYSE: ) stock declined 1.05% or 0.41 points to close at . 38.24.
On the other hand, the best performers on the S&P 500 index were Paramount Global Class B (NASDAQ: ), which rose 12.11% to trade at 16.85, followed by Warner Bros Discovery Inc (NASDAQ: ). Shares rose 6.01% to close at 11.47 Lululemon Athletics Inc (NASDAQ: ) rose about 5.37% to trade at 489.64.
Among the weakest performing stocks today, we mention the company’s stock Enphase Energy Inc (NASDAQ: ), fell 3.88% to settle at 103.01, Dollar General (NYSE: ), lost 3.86% to 127.19, and Illumina Inc (NASDAQ: ), lost 3.58% to close at 112.94 in today’s session. In the stock market.
On the other hand, the best performance in the Nasdaq index was recorded by stocks Intensive treatment Inc (NASDAQ: ), soared 63.81% at the price of 6.88, Conduit Pharmaceuticals Inc (NASDAQ: ) continued its rise at 45.48% and closed at 5.15 volume. Assure Holdings Corp (NASDAQ: ) rose about 34.43% to trade at 0.35.
Among the weakest performing stocks today, we mention the company’s stock Sink Inc (NASDAQ: ), which plunged 47.00% to close its session at 0.21, Golden Heaven Group Holdings Limited (NASDAQ: ), which lost 41.38% at 1.36, and Bluebird Bio Inc (NASDAQ: ), which lost 40.54% to close at 2.86 in the stock market today.
The number of shares that gained more than the number of shares closed on a lower trading basis on the New York Stock Exchange was unchanged at 82, with 1647 compared with 1237. As for Nasdaq, 1,959 stocks strengthened their position, 1,503 stocks declined, while 119 stocks maintained their value.
Lululemon Athletica Inc (NASDAQ: ) rose to an all-time high, up 5.37% or 24.97 points to trade at 489.64. The Boeing Co (NYSE: ) traded up 3.00% or 7.12 points to trade at 244.45 to hit its 52-week high. Shares of Intensity Therapeutics Inc (NASDAQ:) soared to an all-time high of 6.88 by adding 63.81% or 2.68 points to trade at 6.88. Shares of Golden Heaven Group Holdings Ltd. (NASDAQ: ) fell to new record lows, declining 41.38% or 0.96 points to trade at 1.36.
It measures the implied standard deviation of options on the S&P 500 index, which fell 5.44% to close at 12.35, hitting its highest record level in 3 years.
Gold futures for February delivery were down 1.30%, or 26.55, at $2,019.85 an ounce. In other commodities trading, WTI crude oil futures for January delivery rose 2.80% or 1.94 to settle at $71.28 a barrel, while the February contract for Brent oil futures was up 2.51% or 1.86 points. and closed at $75.91 per barrel.
The EUR/USD pair maintained stability at 0.26% and traded at 1.08 levels, while the USD/JPY pair continued to gain 0.59% to reach 144.97 levels.
Dollar index contracts traded up 0.43% at 103.95.
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The Euro went back and forth during Thursday’s session, focusing on the 200-day EMA, an indicator that people sometimes focus on. At the same time, the market found itself testing the 1.0750 level, which had previously led to significant price volatility. Taking all factors into account, this situation highlights the situation where the Euro is preparing for a consolidation mode, which is waiting for an improvement in the US bond markets. Interest rates have played an important role in currency markets in recent times as traders discern the Federal Reserve’s stance on monetary policy – whether it will ease or maintain a more conservative approach.
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Also, the recent decline in interest rates may indicate market expectations of an impending economic downturn, which tends to promote the safe-haven status of the US dollar. This dynamic manifests itself in increased demand for US bonds, which subsequently leads to lower yields and higher demand for the US dollar.
Further complicating the situation is the influx of capital into Europe, which is struggling with the problems of the Great Recession. Overall, prevailing landscape traders face short-term rallies, although support should remain in the intervention area. It’s worth noting that next Friday’s session will be important, as employment data could influence the central bank’s course of action, or at least the perception of what it may or may not do. The market will continue to ask a lot of questions about the EU, which will favor the US dollar. Additionally, if the world slips into a major recession, the US dollar is usually a safe haven for traders.
Ultimately, the Euro is going through a challenging environment right now and the 1.0850 level is one to watch as it struggles with various factors. A break of this level could indicate an upward trend, although the current momentum is insufficient to facilitate such a move. It’s conceivable that a significantly weaker employment report could give the markets the momentum they need to return to volatility and make this market move very quickly. However, as we approach the end of the year, this could mean a decrease in volume, making markets difficult to predict.
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