Boeing is set to make USD $50 million (AED 183.6 million) in payments to families of the victims of two 737 MAX crashes.
The model, which is Boeing’s best-selling jet, was grounded around the world in March.
It came after an Ethiopian Airlines and Lion Air plane crashed in similar circumstances, killing 346 people in total.
Ken Feinberg, who is a veteran compensation expert, was hired by Boeing to oversee the distribution of funds.
Emaar Development approves AED 2.7 bln dividend for 2024
Emaar Development shareholders have approved its Board of Directors’ proposal to distribute a dividend of AED2.7 billion ($740 million), representing 68 per cent of the share capital.
Global auto industry stocks slump as 25% tariff on US imports looms
Automaker stocks around the world slumped on Thursday after US President Donald Trump said that he would impose 25 per cent tariffs on all vehicles and foreign-made auto parts imported into the United States.
Jafza expands Logistics Park with AED 90m investment
Jafza is expanding its facilities with a AED 90 million investment in phase 2 of its cutting-edge Logistics Park, adding 360,000 sq ft, in alignment with the UAE's push to grow its logistics sector to AED 200 billion annually over the next seven years.
Trump may give China tariff reduction to get TikTok deal done
US President Donald Trump says he would be willing to reduce tariffs on China to get a deal done with TikTok's Chinese parent ByteDance to sell the short video app used by 170 million Americans.
Trump presses ahead with auto tariffs, ratcheting up trade war
US President Donald Trump has unveiled a 25 per cent tariff on imported cars and light trucks starting next week, widening the global trade war he kicked off upon regaining the White House this year in a move auto industry experts expect will drive up prices and stymie production.
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UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the US to boost economic and technology ties including AI.
Apple Inc. shares fell Monday after a closely followed analyst warned that demand for the firm’s new iPhone 16 Pro model has been lower than expected. Is this a sign that the AI software just isn’t ready?
Does working from home kill productivity or can it benefit staff by giving them more flexibility and a better work/life balance?
Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?
Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!
