Business from Tuesday, October 28th, 2025
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Abu Dhabi Airports posts strong passenger, cargo growth
Abu Dhabi Airports has reported its 18th consecutive quarter of double-digit passenger growth.
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Apple races past $4 trillion market value
Apple topped $4 trillion in market value for the first time on Tuesday, the third Big Tech company to hit the milestone, as robust demand for its latest iPhone models allayed fears over its slow progress in the AI race.
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New deal with Microsoft values OpenAI at $500 billion
Microsoft and OpenAI reached a deal to allow the ChatGPT maker to restructure itself into a public benefit corporation, valuing OpenAI at $500 billion and giving it more freedom in its business operations.
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US flight delays near 7,000 as government shutdown hits Day 27
US air travel turmoil deepened as nearly 7,000 flights were delayed nationwide, with air traffic controller absences surging as the federal government shutdown reached its 27th day.
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Amazon targets as many as 30,000 corporate job cuts, sources say
Amazon is planning to cut as many as 30,000 corporate jobs beginning on Tuesday, as the company pares expenses and compensates for overhiring during the peak demand of the pandemic, according to three people familiar with the matter.
News
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Abu Dhabi Crown Prince arrives in South Korea for APEC ForumHis Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has arrived in South Korea on Thursday to attend the Asia-Pacific Economic Cooperation (APEC) Forum.
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UAE aid ship reaches Egypt with vital supplies for GazaThe UAE Humanitarian Ship, carrying 7,200 tonnes of food, shelter and medical supplies, has arrived at Egypt’s Port of Al Arish, ahead of its transfer to the Gaza Strip to support urgent relief efforts.
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Dubai strengthens emergency preparedness with strategic partnershipsThe Dubai Resilience Centre has signed three key agreements to boost the city’s emergency preparedness and crisis response capabilities.
