Kuwait Airways posted profits of $16.5 million in September

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Updated 10 November 2021
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Kuwait Airways posted profits of $16.5 million in September

  • He explained that he will negotiate with Airbus to change some types of the aircraft deal agreed upon in 2014

JEDDAH: Kuwait Airways achieved profits in September of SR61.8 million ($16.5 million), compared to a loss of SR123.7 million in the same month of 2019, said Chairman of Kuwait Airways.

Ali Al-Dukhan said in a press conference Tuesday, that the company faced many difficulties during the Covid-19 outbreak following the suspension of flights for several months as restrictions took hold globally.

He explained that he will negotiate with Airbus to change some types of the aircraft deal agreed upon in 2014, to enable the airline to expand its routes in several regions including Europe, Africa, Southeast Asia and North America, excluding New York.

The company currently operates a fleet of 30 aircraft, a mix of owned and leased, which will increase to 38 aircraft in 2026 where it will own 33 of these and lease five.  

The agreement with Airbus in 2014 was to buy 15 A320neo narrow-body jets and 10 of Airbus's new A350-900 XWB, in the biggest overhaul of KA's fleet since the 1990 Iraqi invasion. It also agreed to lease a further 22 Airbus jets as part of the deal.


India seals $3bn LNG agreement with UAE

Updated 19 January 2026
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India seals $3bn LNG agreement with UAE

  • Leaders hold talks to strengthen trade, defense ties

NEW DELHI, DUBAI: India signed a $3 billion deal on Monday to buy liquefied natural gas from the UAE, making it the Gulf country’s top customer, as the leaders of both countries held talks to strengthen trade and defense ties.

The agreement was signed during a very brief two-hour visit to ‌India by UAE ‌President Sheikh Mohammed bin Zayed Al-Nahyan for talks with Indian ‌Prime Minister Narendra Modi. 

They pledged to double bilateral trade to $200 billion in six years and form a strategic defense partnership.

Abu Dhabi state firm ADNOC Gas will supply 0.5 million tonnes of LNG a year to India’s Hindustan Petroleum Corp. for 10 years, the companies said.

ADNOC Gas said the agreement brings the total value of its contracts with India to over $20 billion.

“India is now the UAE’s largest customer and a ‌very important part of ADNOC Gas’ LNG strategy,” ‍the company said.

The UAE is ‍India’s third largest trading partner and Sheikh Mohammed was accompanied ‍by a government delegation that included his defense and foreign ministers. The two sides signed a letter of intent to work toward forming a strategic defense partnership, India’s Foreign Secretary Vikram Misri told reporters.

Misri, however, said that the signing of the letter of intent with the UAE does not mean that India will get involved in regional conflicts.

“Our involvement on the defense and security front with a country from the region does not necessarily lead to the conclusion that we will get involved in ‌particular ways in the conflicts of the region,” he said.