Turkish Aerospace Industries (TAI) has designed a new production plant that will increase its annual manufacturing capacity by an additional 24 aircraft, the company’s deputy general manager announced on Thursday. Kaan project advances rapidly Speaking at Kocaeli University’s KOUBAK’26 congress, Uğur Zengin explained that while TAI has achieved low-volume mass production, its current assembly line—spanning…
Maersk, a leading shipping conglomerate, surpassed first-quarter profit predictions on Thursday despite maintaining its full-year earnings guidance. The company cited the ongoing Iran conflict as a factor clouding the prospect for freight rates and costs. Consequently, Maersk’s shares dropped by 3.3% at 0738 GMT, underperforming the generally stable Copenhagen benchmark index due to fears of…
Summary Tensions in the Gulf intensified after reports of a US military interception involving an Iranian-linked tanker near the Gulf of Oman, while former US President Donald Trump renewed pressure on Tehran ahead of a planned China visit. At the same time, global shipping firms warned that disruptions around the Strait of Hormuz are continuing…
US federal authorities have launched a review into a series of large oil futures trades made before key announcements by President Donald Trump concerning the Iran conflict, according to US media reports. The investigation focuses on transactions worth more than $2.6 billion linked to market movements surrounding the Strait of Hormuz, ceasefire decisions, and potential…
Danish shipping group Maersk beat first-quarter profit forecasts on Thursday and maintained its full-year earnings guidance, even as it warned that the Iran war had clouded the outlook for freight rates and costs. Shares in Maersk were down 3.3% at 7:38 a.m. GMT following the results, underperforming a broadly flat Copenhagen benchmark index amid worries…
Gold and silver prices moved higher on Thursday, gaining up to 1 per cent in early trade as investors turned to safe-haven assets amid global tensions. The rally was supported by rising crude oil prices, a weaker US dollar and continued uncertainty over the US-Iran peace talks, as per IANS. On the Multi Commodity Exchange…
Only direct UAE port options Surging cargo volumes 900 workers hired At the UAE port of Fujairah, conveyor belts offloaded grain from bulk carriers on Wednesday, while crude oil flowed through pipes and onto tankers berthed along its quay. Dozens of loaded trucks lined up near the port and others parked outside waiting their turn,…
Image by Reesmada. The European Union is the “chief of all cowards,” Amnesty International declared in a searing statement issued on April 21. The condemnation was a direct response to the European bloc’s systemic failure to sever ties with Israel during the Foreign Affairs Council meeting in Luxembourg. Despite months of legal warnings, the EU…
With war raging in the Middle East, we want to bring you as many trusted voices on the news as we can. One such voice is the Israeli journalist Amit Segal. He writes a daily newsletter, It’s Noon in Israel, which we’re pleased to publish in The Free Press. It’s Wednesday, May 6, and reportedly,…
Türkiye’s Foreign Minister Hakan Fidan welcomed Jean Arnault, the special envoy of United Nations Secretary-General Antonio Guterres, in the Turkish capital Ankara on Wednesday. The meeting underscores Ankara’s active diplomatic role in addressing international peace and security issues. High-level talks at Turkish capital According to information obtained from diplomatic sources, Fidan received Arnault for discussions…
