The US Federal Aviation Administration (FAA) and aerospace company Boeing have defended their oversight of the 737 Max aircraft, which has been involved in two crashes.
Boeing has unveiled software upgrades and more pilot training, while federal transportation officials promised better scrutiny during testimony on Capitol Hill.
Harry Horton reports from Capitol Hill:
Disney plans to cut 1,000 jobs, WSJ reports
Walt Disney is planning to cut as many as 1,000 positions in the coming weeks, many of which will be made in the company's marketing department, the Wall Street Journal reported on Wednesday, citing sources.
UAE reinforces trade flow stability, supply chain resilience
The UAE’s Minister of Foreign Trade, Dr. Thani bin Ahmed Al Zeyoudi, has chaired a high-level coordination meeting in Dubai, bringing together global shipping leaders and maritime industry representatives to tackle ongoing challenges affecting regional supply chains.
Meta unveils first AI model from costly superintelligence team
Meta Platforms on Wednesday unveiled Muse Spark, the first artificial intelligence model from a costly team it assembled last year to catch up with rivals in the AI race.
UAE, Bahrain central banks announce currency swap agreement
The Central Bank of the United Arab Emirates (CBUAE) and the Central Bank of Bahrain (CBB) have announced the establishment of a currency swap agreement with a nominal value of AED 20 billion (BHD 2 billion) and a tenor of five years.
Borouge shareholders approve $1.32 billion 2025 dividend
Shareholders in Abu Dhabi-listed Borouge approved a $1.32 billion dividend for 2025 on Tuesday, as the petrochemicals company reported strong financial performance.
The UAE said its air defence systems have not detected any incoming missiles or drones from Iran over the last 24 hours as the two-week ceasefire takes effect.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has urged the public to raise the UAE flag in a show of loyalty to President His Highness Sheikh Mohamed bin Zayed Al Nahyan.
Dr. Sultan Al Jaber, the UAE’s Minister of Industry & Advanced Technology and ADNOC's Managing Director & Group CEO, has called for the reopening of the Strait of Hormuz with "no strings attached".
