Business

Istanbul Overtakes Heathrow in European Air Traffic, Impacting Airport Economics

Istanbul Airport has surpassed Heathrow Airport as the busiest airport in Europe for the month of July. While Heathrow served 7.86 million travelers, the Turkish hub managed to accommodate 8.15 million passengers during the same period. This shift marks a notable change in rankings, as Istanbul Airport saw a 2.3% increase in traffic compared to the previous year, whereas Heathrow experienced a 1.5% decline...

Bawag’s €1.6 Billion Acquisition of PTSB Gains Shareholder Approval.

The shareholders of Permanent TSB (PTSB) in Ireland have given a resounding nod to a €1.6 billion acquisition by Austria's Bawag Group, with an overwhelming 91% of votes cast in favor of the deal. The path ahead for this acquisition involves obtaining the green light from both the Irish High Court and the European Central Bank, marking the next crucial steps in the process. Following...

European Stocks Surge Amid Sub-$100 Oil Prices on Iran Diplomacy Optimism

Oil prices experienced a significant drop on Monday, falling below the $100 mark per barrel, influenced by encouraging developments in the ongoing negotiations between...

Deputy PM and Uzbek Minister Forge Agreement to Enhance Economic Collaboration

In a recent diplomatic engagement, Sheikh Saoud bin Abdulrahman bin Hassan Al Thani, Qatar's Deputy Prime Minister and Minister of State for Defence Affairs,...