Air Arabia profit falls 51% to Dh374m as Middle East conflict hits flights and fuel costs
SHARJAH: UAE budget carrier Air Arabia’s net profit fell 51 per cent to Dh374 million in the first half of 2026 as the regional conflict disrupted flights , reduced capacity and pushed fuel prices to record highs. The Sharjah-based low-cost carrier reported revenue of Dh3.48 billion for the six months to June 30, down 1 per cent from…
Wall Street experienced a mixed opening on Friday, Aug 14, just a day after the S&P 500 reached a record high. Investors were reviewing retail sales figures and evaluating the recent Middle East situation. The Dow Jones Industrial Average witnessed a slight increase of 2.8 points, or 0.01%, opening at 53,842.8. Meanwhile, the S&P 500 gained 7.6 points, or 0.10%, at an opening price of 7,806.6. The Nasdaq Composite, on the other hand, rose by 48.1 points, or 0.18%, to 26,851.148 at the beginning of trading.
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Also reported by 2 other outlets
- Xeneta analyst insight – Middle East war impact spreads to long term market hellenicshippingnews.com
- Wall St opens mixed as investors weigh Middle East tensions, data businesstimes.com.sg
